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<br />12. Provide the State with such periodic reports as the <br />State may require and permit periodic inspections of its <br />operations and accounts by a designated representative of the <br />State. <br /> <br />13. Repay to the State the total principal sum of Two <br />Hundred Forty-Seven Thousand One Hundred Seven Dollars and <br />Twenty Cents ($247.107.20). which includes the project loan <br />amount with interest at the rate of five percent (5\> per <br />annum. said repayment to be made in constant annual <br />installments of Six Thousapd One Hundred Seventy-Seven Dollars <br />and Sixty-Eight Cents ($6.l7~.68) each. for forty (40) years. <br />as shown in Exhibit A. attached hereto and incorporated by <br />reference herein. which first installment shall be due and <br />payable on the first day of the month next succeeding the month <br />in which the State determines that the project has been <br />substantially completed. and yearly thereafter until the entire <br />principal sum shall have been paid. However. in the event the <br />Contractor does not draw funds commencing on the date specified <br />in paragraph C.I.a. below. the obligation to repay shall be <br />postponed for the same number of months as the Contractor <br />delays in drawing funds. Said installment payments shall be <br />made payable to the Colorado Water Conservation Board. payable <br />at the offices of said Board in Denver. Colorado. <br /> <br />14. As security for the loan to be made to it by the <br />State. execute a warranty deed within thirty (30) days of the <br />first advance of funds from the State as provided in paragraph <br />C.I.a. below which shall convey to the State an undivided fifty <br />percent (50\) of the following: <br /> <br />a. 760.:!:. linear feet of 48-inch cmp elliptica'l <br />4l-inch r1se and 53-inch span. from 4th Street <br />beginning of a concrete lined ditC~n~~~~et <br />the Hilltop store. with all apPurt~:s~.:~~ <br /> <br />b. 1387+ linear feet of 12_in"'4ott~'~\Wid" . 30-inch <br />height. l' to 1 side slopes. an~;;;\iV2-"'~~" hick <br />concrete lined ditch. with all ap~y~~en es. from <br />Locust Street (south of Pili.:9;&"Stre~,j) Ash Street. <br />V~~ [h"~~, '{~ <br />c,, 940.:!:. linear ~ee~~~p~,t, 2-~p~~~\~m.width..20-inch <br />helght. 1 to 1 Sld~.plo,pes. '.tnd rl/2-1nch thlck <br />concrete lined dit'a,~t~,\wj~i.h a~tLappurtenances. from Ash <br />Street to No Name Cr~~K. )V <br />'i."_~' ' <br /> <br />d. '733i;. linear feet ~~~\t-inch cmp elliptical pipe. <br />41-inch rise and 53-ineh span. from Siphon at RR track <br />to 4th Street in Prospect Heights. with all <br />appurtenances. <br /> <br />pipe. <br />to the <br />west of <br /> <br />e. IOOO.:!:. linear feet of 2 foot bottom width. 48-inch <br />height. 1 1/4 to 1 side slope. and 3-inch thick <br />concrete lined ditch. with all appurtenances. from <br />just east of 1st Street through the Cook property to <br />about 500 feet east of 2nd Street. <br /> <br />f. lOOO~ linear feet of l8-inch cmp pipe. with all <br />appurtenances. from Birch Street easterly across <br />Lombard Street to Chestnut Street. <br /> <br />g. 300.:!:. linear feet of 48-inch cmp elliptical pipe. <br />41-inch rise and 53-inch span. with all appurtenances. <br />located in the NE 1/2 of the NW 1/4 of Section 5. <br />T19S. Range 70W. of the 6th Principal Meridian". <br /> <br />h. 500.:!:.llinear feet of 24-inch crop pipe. with all <br />appurtenances. from Chestnut Street to Cedar Avenue. <br /> <br />Page ~ of 10 Pages <br />