C153501 Contract

• Contract/PO #: C153501
• Contractor Name: Beaver Park Water, Inc.
• Contract Type: Loan
• Water District: 12
• County: Fremont
• Bill Number: SB 87-15
• Loan Projects - Doc Type: Contract Documents

Form 6.AC.a2A fR ~/8~1
NO rRP B

E""'- '~5L;;QQS
/)1-.1.". .RTM.., r OR A(;ENn' NUMlJl'.K
34-04-00
CONI RAU' ROllrlN(i NtJMIIHt
.1;)o~'
_ii___~L.......___
$125,000

PROJECT
CONTRACT

nus CONTRACT, made Ihis b-fA. day O{-AI.I~<SI ..__198 r:. by and bclwel'nlhe
Slale of Colorado for Iht' use and bellefit o{ the I)eparlmt'lIt O{'1 Natura 1 Resturces
(Colorado Water Conservation Board), ._~---
hereinafter rr{erred 10 as the Slale, and'2 Beaver Park Wa ter, ii1"C:-:- .~__
Box 286, penrose, CO 81240, .-----=~.______~
hereinafter referred 10 as the contractor/Contractor,

WHEREAS, authority e"i.\js in lhe Llw and Funds ha...e heen hudgt'led, appropriated and otherwise made
.....ailahlc :md a su{{jcjenl unencumhered IHlI:lllce Ihereof remains ~ilahle for paymt'1l1 in Fund Number j 008 _,
G/l Al"l"uunl Numher 5365X, (unlral't E.lcumbr,!nce Number J'1:-=1tv/: ;lnd
ABL Account Number 13650, Org, Unit 77-77-777,
WUEREAS, retluin'd appro"':11. ~e amll'OIlf(linaliun h:a heell n('con~plishrd from "lid with appruprialc
agellcies: and

WHEREAS, pursuant to the provisions of 37-60-119. Colorado
Revised Statutes, the State is authorized to loan money for the
construction of water projects for the benefit of the people of
the State; and

WHEHEAS, tIle Contractor is a mutual ditch company in the
State of Colorado and wishes to repair. or cause to be
repaired, its irrigation system. hereinafter called the
project, for the Beaver Park Water, Inc., fihareholders in
Freemont County, Colorado, at an estimated cost of Two HundLed
Fifty Thousand Dollars ($250,000); and

WHEREAS, a feasibility investigation oC said project was
conducted and it was forind that such a project is technically
and financially feasible; and .

WHEREAS, the State has now agreed to loan money for the
construction of said project upon mutually agreeaule ter.ms and
conditions. subject to the availability of funding for that
purpose; and

WHEREAS, pursuant to Senate Bill No, 15. Fifty..Sixth
General Assembly of the State of Colorado. duly enacted into
law. the Colorado Water Conservation Board has been authorized
to loan a sum not to exceed One Hundred Twenty-}o'i Ve Thousand
Dollars ($125.000) for construction of the project;

NOW. THERE~ORE. in consideration of the mutual and
dependent covenants herein contained, it is agreed by the
parties hereto as follows:

A, The Contractor agrees that it .shall:

I, Employ an engineering firm to prepare project plans and
specifications for the project, Botll the enginBecing firm and
the project plans alld specifications must be approved by tile
State bofore illitiation of constructioll on the project,
including any real estate and water rights acquisitions. can
commence.

2. Contract for the construction of said project to a
responsible and capabl;e firm or firms (hereinafter reforred to
as Construction f'irm or Firms). which Construction 1"inns shall.
when required by the State. be selected through competitive
pUblic bidding, said project to be completed within two (2)
years of the date of this contract in accordance with the
project plans and specificatiolls and any necessary modification
thereof approved by the State. The State must approve. in
writing. all contracts before they can become effective, "he
above-specified time may be extended by the State if such Lime
is insufficient because of acts of God or other acts or
circumstances beyond the control of the Contractor.

J9.5-5){)"F'0'I4

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