C150134 Contract

• Contract/PO #: C150134
• Contractor Name: Arkansas Groundwater Users Association
• Contract Type: Grant
• Water District: 0
• Bill Number: SB02S-001
• Loan Projects - Doc Type: Contract Documents

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CONTRACTOR: ARKANSAS GROUNDWATER USERS
ASSOCIATION
Contract No. C150134
Contract Amount $100,000

Agency Name: Water Conservation Board
Agency Number PDA
Routing Number 03 PDA eJOOf) 7

CONTRACT

THIS CONTRACT, made this February 1, 2003, by and between the State of Colorado
for the use and benefit of the Department of Natural Resources, Colorado Water
Conservation Board, ("CWCB" or "State"), and, Arkansas Groundwater Users
Association, a Colorado nonprofit corporation ("Contractor").

FACTUAL RECITALS

1. Authority exists in the law, and funds have been budgeted, appropriated and
otherwise made available and a sufficient unencumbered balance thereof remains
available for payment as follows: Fund Number 424, Organization YYYY,
Appropriation Code AED, GBL A134, Program WTRC, Object Code 5781, Contract
Encumbrance No. C150134.

2. Required approval, clearance, and coordination have been accomplished from and
with appropriate agencies.

3. CWCS's authority for making this expenditure: Senate Sill 02S-001 authorizes the
CWCS to make loans and grants to agricultural organizations for emergency
drought-related water augmentation purposes from the CWCB Severance Tax
Trust Fund Perpetual Base Account, based on recommendations from the Director
of the CWCB, the State Engineer, the Commissioner of Agriculture and the
Executive Director of the Department of Natural Resources. Such loans or grants
may only be made if, pursuant to state or federal law, any portion of Colorado has
received emergency drought designation or a disaster emergency been proclaimed
due to drought.

4. The project consists of purchasing augmentation water ("PROJECT"), described in
Appendix A attached hereto, as approved by the Director of the CWCB, and the
State Engineer on December 17, 2002, for which funds under this contract will be
expended.

NOW THEREFORE, in consideration of the mutual and dependent covenants
contained herein, the parties agree as follows:

A. Time of performance. The CONTRACTOR recognizes that time is of the essence in
the performance of its obligations under this contract. Therefore, the CONTRACTOR
shall be responsible for the completion of the PROJECT within 12 months of the
effective date of this contract.

B. Disbursement of funds. The CWCS shall disburse funds to the CONTRACTOR to
pay for the costs associated with the PROJECT in the following manner:

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