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<br />. <br /> <br />. <br /> <br />at a minimum correspond to the amount established by the Colorado Governmental Immunity <br />Act, now and as hereafter amended. <br /> <br />6. Compensation and Method ofPavrnent. Total compensation responsibility by the CWCB <br />under this MOD shall not exceed two million dollars ($2,000,000) for the time period covered by this <br />MOD, of which no more than $200,000 shall be allocated to operation and maintenance costs. In no event <br />shall the CWCB pay more than forty percent of the actual cost to develop, operate, and maintain the Facility <br />for the three (3) years following advertisement by CDOW of the notice of final settlement of construction <br />claims required pursuant to S 38-26-107, C.R.S. The CWCB shall disburse grant funds to the CDOW as <br />follows: <br /> <br />a) During design and construction, the CDOW shall prepare periodic progress reports <br />which contain a statement of the Facility costs expended for that month, and shall submit said reports to <br />the CWCB staff. Additionally, the CDOW shall provide the CWCB staff with copies of all pay requests <br />and change orders related to design and construction of the Facility. <br /> <br />b) After receipt of the monthly progress reports from the CDOW, and review and <br />acceptance of the costs set forth therein, the CWCB shall pay to the CDOW forty percent (40%) of those <br />costs accepted within thirty days from the CWCB staff s receipt of each progress report. This thirty day <br />time period shall not apply prior to the CDOW closing on the purchase of the Chiles property. <br /> <br />c) After substantial completion of the Facility, the CDOW shall submit periodic statements <br />of Facility operation and maintenance costs and expenditures to the CWCB staff. After review and <br />acceptance of the costs set forth in each such statement, the CWCB shall pay to the CDOW forty percent <br />(40%) of those accepted costs within thirty (30) days from the CWCB staffs receipt of the statement, not <br />to exceed $200,000. <br /> <br />7. Comprehensive Plan. The CDOW shall complete the Comprehensive Plan, which will <br />describe the process by which the CDOW will identify declining species and develop priorities for habitat <br />improvement and use of the Facility, within one year of the date of this MOD. The CDOW shall make the <br />Comprehensive Plan available to the CWCB for review and comment as part of the routine public review <br />process. <br /> <br />8. Ownership and Ooeration of the Facility. The Facility shall be owned and operated by the <br />CDOW, but its operation will be undertaken in consultation with the ewCB. Annually, and prior to the <br />legislative budget process, the CDOW and CWCB staff shall meet to discuss plans for the following <br />Facility issues and activities: (I) budget; (2) research and genetics; (3) production; and (4) goals for <br />augmentation. Following this consultation process the CDOW shall finalize operational planS for the <br />Facility that will be summarized in a written report due by November 1 for the beginning of the following <br />fiscal year. CDOW shall provide a copy of this written report to the CWCB. The primary contact person <br />for the agencies regarding operation of the Facility shall be as follows: For CDOW - Eric Hughes (291- <br />7360); For CWCB - Mike Serlet (303-866-3441). The agencies may change their primary contacts by <br />providing the appropriate notice in writing to the other agency. <br /> <br />9. Liability. Each party agrees to be responsible and assume liability for its own wrongful or <br />negligent acts or omissions, or those of its officer, agents, or employees to the full extent required by law. <br /> <br />10. Termination. This MOD may be terminated by any of the parties hereto upon written <br />notice delivered to the other parties at least thirty (30) days prior to intended dates of termination. By such <br />termination, no party may nullify obligations already incurred for performance or failure to perform prior to <br />the date oftermination. <br /> <br />Page 4 of5 <br />