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. . ., PROJECT SUMMARY - LA PLATA WCD - CONTRACT C150094 SECTION 1 -CONTRACTOR INFORMATION Contractor Name: La Plata Water Conservancy District Address: 841 East 2nd Avenue Durango, Colorado 81301 Contact: Jim Isgar, President Phone Number: 970-247-2659 Fax Number: 970-259-8423 Section 2 - Project Description Description of Project. The PROJECT will consist of a feasibility study that investigates construction of a reservoir on Long Hollow. A reservoir at this site was determined to be the best way to improve administration of the La Plata River in accordance with the requirements of the La Plata River Compact. Enlargement of the Red Mesa Reservoir is also proposed to provide added storage in the upper basin. The PROJECT also includes actual design work. The CONTRACTOR will select the Engineering Consultant to conduct the study. SECTION 3 - TIME FOR PERFORMANCE Project Beginning: Upon effective date of this contract Project Finish: On or before June 30, 2005 SECTION 4 - DISBURSEMENT SCHEDULE Disbursement of funds, The CWCS shall disburse funds to the CONTRACTOR to pay for the costs associated with the PROJECT up to a maximum amount of $445,000 in the following manner: a. Statement of costs. During the completion of the tasks, the CONTRACTOR shall prepare statements of the costs of the PROJECT and submit said statements to the CWCS for payment. Each statement shall indicate the tasks that have been performed and the percentage completion of each task by task number as speCified in the Scope of Work. b. Payment of statements. Upon receipt and approval by the CWCB of each such statement of costs, the CWCS will, within 30 days from the approval of such statement, pay to the CONTRACTOR the amount of the statement or such portion thereof as has been approved by the CWCS. ApPENDIX 1 TO CONTRACT C150094 J