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<br />.'. <br /> <br />.. <br /> <br />. <br /> <br />. <br /> <br />provide the CWCB with a certificate of said insurance and an additional insured <br />endorsement, and proof of renewals of said insurance. The CWCB shall not disburse <br />any loan funds without evidence of said insurance coverage. Throughout the life of this <br />contract, the CWCB reserves the right to increase the above amount of insurance. <br />B. PROJECT PROVISIONS <br /> <br />1. Construction Fund Program Procedures. During the completion of the PROJECT, the <br />BORROWER shall adhere to the following: . <br />a. The BORROWER shall employ an engineer. registered in the state of Colorado to <br />. prepare plans and specifications for the PROJECT. <br />D. The BORROWER'S and the Engineering Consultant's Agreements and the plans and <br />specifications must be submitted to the CWCS staff for verification of compliance with <br />the terms of this contract when available prior to bidding. Any modifications to the <br />plans and specifications must be approved in writing by the CWCS staff. <br />c. For plans and specifications for all jurisdictional dams and reservoirs, as defined by S <br />37-87-105 C.R.S., the BORROWER shall provide a letter of approval from the State <br />Engineer's Office prior to construction. <br />d. CWCB staff must be present at bidding and must approve the award. of the <br />construction contract. <br />e. The BORROWER shall contract for the construction of the work with responsible and <br />capable Construction Firms, which said Construction Firms shall be selected by the <br />BORROWER and found acceptable by the CWCB staff. <br />f. The BORROWER must provide a copy of the executed construction contract documents <br />consisting of the contractor's proposal, construction contract. performance bond. <br />payment bond, notice of award, notice to proceed, sample change order, and sample <br />field order, as well as the advertisement for bid and bid bond at bidding. After the <br />cwes staff verifies that these _documents comply with the terms of this contract, the <br />BORROWER may issue the notice to proceed to the Construction Firms. <br />g. The BORROWER s/1all conduct a pre-construction conference at which time the CWCS . <br />staff shall have the opportunity to review and approve the construction schedule. <br />h. If the CWCS staff determines that the PROJECT requires a resident inspector during <br />construction, the BORROWER shall employ an inspector w/1o has been approved by the <br />CWCB staff. <br />i. The BORROWER shall construct the PROJECT in accordance with the approved plans <br />and specifications. <br />j. Upon completion of the PROJECT construction, the BORROWER shall provide as-built <br />drawings of the PROJECT to the CWCB staff, or, if required by ~ 37-87-105, C.R.S., the <br />BORROWER shall provide the as-built drawings to the State Engineer's Office for <br />approval and filing. <br />k. Upon completion of the PROJECT construction, the BORROWER shall arrange a final <br />inspection for the ewcs staff. <br />I. The BORROWER shall pay all of the expenses related to the PROJECT when such bills <br />are due. . <br /> <br />Tunnel Water Company <br /> <br />Page 5 of 11 <br /> <br />Loan Contract <br />