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<br />5. In consideration of the State assuming a portion of the" <br />cost of the preparation of the said" pr~ject feasibility report. <br />the Contractor shall pay to the. State ,the" sum of Twenty-Nine <br />Thousand One Hundred Thirty-Seven Dollars.and"Fifty Cents <br />($29.137.50) provided that construction of the subject water <br />project is initiated within,ten (10) years".of the date of this <br />contract. The Contractor shall fulfill this obligation " <br />irrespective. of how or by whom or to what specifications or <br />plans the sUbject project is financed. ""paid. or -constructed for <br />so "long as construction of the p."roject is initiate,d' within the" <br />spe~ified time. <br /> <br />6. In. the event the Contractor must make pay~ent pursuant <br />to, the terms of paragraph 5. above,. then the said sum 'O~" " <br />Twenty-Nine Thousand One Hundred Thirty-Seven Dollars "and'Fifty" <br />Cents ($29.137.50) shall be payable in ten '(10) equal yearly <br />installments of Two Thousand Nine Hundred Thirt.een Dollars ,and <br />Seventy-Five Cents ($2.913.75) each. the first installment to <br />be due and payable upon the January 1st next'succeeding the <br />initiation of construction on the said water project. <br />"subsequent payments shall be due and payable on January 1st of <br />each yea~ thereafter. <br /> <br />7. This contract" is ,personal in n'ature and assignment of <br />performance by the Contrac'tor, to another is prohibited unless <br />prior 'approval in writing is granted by the State~ <br /> <br />8. The Cont.ractor" is an independent contractor and as" such <br />is not entitled to any benefits. of the State personnel system~ <br /> <br />9. The"'original contract price stated in paragraph 4. and <br />any additions thereto shall 'be adjusted to exeludeany . <br />significant sums by which the State determines the contract <br />price increased due to inaccurate." incomplete. or noncurrent <br />wage rates and other factual unit' costs. All" such contract <br />adjustments shall be made within one (1) year following the end <br />of the contrac~. ' <br /> <br />10. The Contractor warrants that he "has" not employed" or <br />retained any company or person. other than a bona fide employee <br />working solely for him. to solicit or secure this contract and <br />that he has not" paid or agreed to pay any person. company. <br />corporation. individual. or firm. other than a bona fide <br />employee working solely for him. any fee. commission. <br />percentage. gift. or other consideration contingent" upon or <br />reSUlting fr"om the award or the mak~ng of this contract." <br /> <br />11. All notices. correspondence. or other documents <br />required by this contract shall be delivered "or mailed to the <br />following addresses; <br /> <br />a. For the State <br /> <br />b. For the Contractor <br /> <br />Mr. J. William McDonald. Director <br />Colorado Water Conservation Board <br />721 State Centennial Building <br />1313 Sherman Street <br />Denver. CO 80203 <br />Attn: Nick Ioannides <br /> <br />City of Victor <br />P.O. Box 86 <br />victor. CO 80860 <br />Attn: Edward L. Ericson <br />Administrator <br /> <br />Page I of ~ Pages <br />