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<br />D. This contract is not assignable by the Contractor except <br />with written approval of the State. <br /> <br />E. The parties to tllis contract inte})d that the relationship <br />between t11em contemplated by this contract is tJldt of <br />lender-borrower. not employer-employee. No agent. employee. or <br />servant of the Contractor shall be or shall be deemed to be an <br />employee. agent. or servant of the State. The Contractor will <br />be solely and entirely responsible tor its acts and the acts of <br />its agents. employees. servants. .engineering firms. <br />Construction Pirms. and subcontractors during the performance <br />of this contract. <br /> <br />F. At all times during the performance of this contract. the <br />Contractor shall strictly adhere to all applicable federal dnd <br />state laws that have been or may hereatter be established. <br /> <br />G. This agreement is intenrled as the complete integration of <br />all understandlnqs between the parties. No prior or <br />contemporaneous addition. deletion. or other amendment hereto <br />shall have any force or effect whatsoever unless embodied <br />herein in writing. No subsequent novation. renewal. addition. <br />deletion. or other amendment hereto shall have dny force or <br />effect unless embodied in a written contract executed and <br />approved pursuant to the State fiscal rules. <br /> <br />H. In its sole discretion. the State may at any time give any <br />consent. deferment. 6ubordinatioJJ. release. satisfaction. oc <br />termination of any or all of the Contractor's Obligations under <br />tllis agreement. with or without valuable consideration. upon <br />such terms and conditions as the State may determine to I;e (a) <br />advisable to fur tiler tlle purposes of this contract or to <br />protect the State's fi'Jancial interest therein. and (~) <br />consistent with both the statutory purposes of this contract <br />and the limitations of the statutory authorlty under which it <br />is made. <br /> <br />I. Upon completion of the repayment to the State in tIle sum of <br />Two Hundred Ninety-One Thousand l-"'our Hundred Dollars <br />($291.400). as set forth in paragraph 11,11. of this contract, <br />the State agrees to convey to the Contractor all of the State's <br />right. title. and interest in and to the project and any other <br />property described in paragraph 11,5, by deed or other proper <br />conveyance. <br /> <br />"~ <br /> <br />J. The Colorado Water Conservation Board. its agents and <br />employees. is hereby designated as the agent of the State Cor <br />the purpose of this contract. <br /> <br />-,: <br /> <br />K. All notices. correspondence. or otlter documents required <br />by tJlis contract shall be delivered or mailed to the following <br />addresses: <br /> <br />'.a) For tJle State <br /> <br />(0) For the Contractor <br /> <br />.r. J. William McDonald. Director <br />olorado Water Conservation Board <br />21 State Centennial Building <br />113 Sherman Street <br />~nve.r. CO 80203 <br />tn: Nick Ioannides <br /> <br />Beaver Park Water. Inc. <br />Box 206 <br />Penrose. CO 81240 <br />Attn: viola Carter <br />Secretary to the <br />Board of Directors <br /> <br />" <br />f-' <br />I <br />i <br />.,' <br />:~ -- <br />,.~' <br />ir <br />.(t>- <br />.. <br />~:E. <br />!",' <br />Nr:: <br /> <br />Page i of I Pages <br />