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<br />~
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<br />'Form 6-A{'.02A
<br />
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<br />
<br />
<br />34-04-00
<br />COi\ 11{,\('T ROU:r1;:C :-\m;;;~
<br />5470 '
<br />-_._---~--- --
<br />
<br />CONTRACT
<br />
<br />$160,000
<br />
<br />THIS CONTRACT, made this 1st d3yof July 197~, bv alld b"f\\'<'.:n the
<br />Stale of Colorado for tho:: llSl' and benefil of (he l)~l.lartment of '1 Natural Resources
<br />(Colorado Water Conserv-ation-B~D
<br />hereinafter referro:d to as the State, and '2 The LaKe Canal Reservo~r Company,
<br />. 300 Yale Way, -Fort Col11TIs, CoIOraao--ED521
<br />hereinafter referred to as the contractor,
<br />
<br />WHEREAS. authority exists in the Law llnd Funds have been blldg<'tcd, i\pproprialcd :llld otherwise made
<br />available <lnd a suffkicnt IlllcnClllllberl.'d balance thereof remains available for P;IYllll'lll ill Flllld Number 400,S_.
<br />G/l Account Number 57127, (antral.'! EnclIlllllf;lIlce Number Cl ')1100; and
<br />
<br />WHEREAS. required approval, de,1T:Il1Ce and coordination hns been accomplished from and with <lppropriate
<br />agencies: and
<br />
<br />WHEREAS, 'J pursuant to Title 37, Article 60, Colorado Revised Statutes
<br />1973, as amended, the State, t9rough the Colorado Water Conservation
<br />Board, may construct water resource projects and make the waters
<br />available therefrom to the residents of the State of Colorado upon
<br />conditions to be determined by the Colorado Water Conservation Board;
<br />and
<br />
<br />WHEREAS, the Contractor is a duly constituted and organized
<br />irrigation company in the State of Colorado and has undertaken the
<br />reconstruction and rehabilitation of the Gray Lakes Reservoirs in
<br />Larimer County, a principal component of the irrigation system owned
<br />by the Contractor, which rehabilitation and reconstruction is estimated
<br />to cost approximately $135,000; and
<br />
<br />WHEREAS, the parties hereto have jointly conducte"d a feasibility
<br />investigation of said project and have found that such project is
<br />economically feasible; and
<br />
<br />WHEREAS, the State, through the Colorado Water Conservation Board,
<br />has agreed to participate in the reconstruction and rehabilitation of
<br />said project and to sell the same to the Contractor upon mutually
<br />agreeable terms and conditions; and
<br />
<br />WHEREAS, pursuant to Senate Bill number 35, Fifty-first General
<br />Assembly of the State of Colorado, duly enacted by the Colorado
<br />General Assembly and approved by the Governor of the State of Colorado,
<br />there was appropriated to the Colorado Water Conservation Board the sum
<br />of $160,000 for con'struction of the Gray Lakes irrigat.ion proj.ect; and
<br />
<br />WHEREAS, the Contractor has available from its own sources
<br />sufficient funds to construct the remainder of the project;
<br />
<br />NOW THEREFORE, in consideration of. the mUtual and dependent
<br />covenants herein contained, it is agreed by the parties hereto as
<br />follmvs:
<br />
<br />1. The Contractor agrees that it will:
<br />
<br />a. Cause said project to be constructed within one year of the
<br />date of ~his contract in accordance with the project plans and
<br />specifications already approved by the State, and any necessary
<br />-modification thereof prepared by it and also approved by the
<br />state unless such time is extended by the State, or unless such
<br />time is insufficient because of the acts of God or other acts
<br />or failure to act beyond the control of the Contractor.
<br />
<br />P:Jge I of2pagcs
<br />*(S,'einstlUl'li"n,,,nleV"l\l',,fb,lll'age.l
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