Laserfiche WebLink
<br />{7:-'~\ <br />,.J. , <br />.. <br /> <br />7. Without expense to the State, manage, operate, and <br />maintain the project system continuously in an efficient and <br />economical manner, and assume all legal liability for such <br />management, operation, and maintenance. The Contractor ngreQS <br />to indemnify and hold the State harmless from any liability as <br />a result of the State's ownership of the project facilities <br />identified in paragraph 5 above. The Contractor shall .maintain <br />general liability insurance covering the management, operation, <br />and maintenance of the project system until it has completed <br />purchase of the project system from the State in at least the' <br />following amounts: <br /> <br />a. For. any inj ury to one person in any sing Ie <br />occurrence, the sum of One Hundred Fifty Thousand <br />Dollars ($150,000). <br /> <br />b. For any inj ury to two ot" more persons in any <br />single occurrence, the sum of Four Hundred Thousand <br />Dollars ($400,000), <br /> <br />Said liability insurance shall name the'State as a <br />co-insured. A copy of a certificate of said liability <br />insurance must be filed with the Colorado Water Conservation <br />Board prior to the start of the operation of the project <br />system. <br /> <br />8. Make the services of said project available within' its <br />capacity to all persons in the Contractor's service area <br />without discrimination as to race, color, religion, or natural <br />origin at. reasonable charges including assessments, taxes, or <br />fees in accordance with a schedule of such charges, whether for <br />one or more classes of service, formally adopted by the <br />Contractor through "its board of directors, as may be modi f ied <br />from time to time bY the Contractor. The initial rate schedule <br />must be approved by the State. Thereafter, the Contractor may, <br />subject to the .approval of the State, make such modifications <br />.to the rate schedule as the Contractor deems necessary to <br />efficiently and economically provide for the financial <br />requirements of the system as long as the rate schedule remains <br />reasonable and non~discriminatory. <br /> <br />9. A.djust its operating costs and service charges from <br />time- to time to provide for adequate operation and maintenance, <br />emergency repair services, obsolescence r~serves, and dent <br />reserves. <br /> <br />10. Expand the system. from time to time to meet reasonable <br />growth or service requirements in the area within its <br />j urisdict ion. <br /> <br />11. <br />require <br />accounts <br /> <br />Provide the State with such periOdic reports as it may <br />and permit periodic inspections of its operations and <br />by a designated representative of the State. <br /> <br />12. Purchase from the State all of the State I s right, <br />title, and interest in said project and any facilities thereof <br />at a total purchase pr ice of Three Hundred' Forty-Six Thousand <br />Eighty Dollars ($346,OBO) payable in Forty (40) annual <br />installments of Eight Thousand six Hundred Fifty-Two. Dollars <br />($8,652) each, which first installment shall be due and payable <br />on December 15, 1994, . and yearly thereafter until the entire <br />principal sum shall have b~en paid. Said inGtallment payments <br />shall be made payable to the Colorado Water Conservati.on Board, <br />payable at the offices of said Board in Denver, Colorado. <br /> <br />13. Obtain and maintain general fire and hazard insurance' <br />on the project system in an amount not less than the amount <br />owing to the State for purchase of the project system unti.l <br /> <br />Page 3 of 7 Pages <br />