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<br />FEASIBILITY REPORT <br />CONTRACT <br /> <br />1/'<':'0'11/0,/;5 <br />C-' ;'f't6 6835.x <br /> <br />r-~'~~~~:~~~-~~-~~~~~-~. .~t:~lIIi"l<j. <br />CON'l'I{,\C I 1{(J{~r1N(, NlI\lBl'l{ <br />_~.__..______S7~~.-i ____,_~_ <br />$60,000 <br /> <br />~." <br /> <br />:'.:.rm ~-!\(".02A (H 5/1l5l <br /> <br />THIS CONTRACT. maul' Ihi~ 15th __day of FebruaIY...._______ _.~_.198 7 . nv :IIlU helwl'en the <br />Slall' of Colorado for rhl' 1I~(" ;lud benefit of IiII' Ikp:lrltl\l:l1l of ., Natural Re.f;;iOurc'es <br />(Colorado Water ConserY-.9.tion li9.eJ:"dL~~'_~- --- ,---- - - ',- '.- ---------~-- <br />hal'inaflcr rdwed 10 :1., the Stal(', alld '2 -.-t~fSl.J;"_mers~iter-Dev~-fo:p'-'ln~;;tC~m;:;a-n--;'-- <br />_ Box--1JU----L-t{.Q%wood,__~J~li,_ ----------~---- - "'~---_______C", _.1:_'___ <br />h('n'in;lfrer referred 10 as the eOlltnllC[(Ir, ----- -~--.---~--,._-_._--- <br /> <br />. WHEREAS. authority nists ill Oil' Law and FlIllth klve hCl'll hlldl!el~d. arpropri:llnl :lnd IJthen\'iq' IIlfHJr <br />:-.v,lIlahlc ,IIlU a \lIfficiclll IIllI'HCI1111hl'tt'U ]w]alln' 1111'l'l'of ITlll:lill\ :I";.,ylilhlc f~,! pa)'lll\'lIl jlll:lIlld Nllmht'I-_1QQ_!!..u, <br />G/L ACt'Olllll NUlIlhcl' 5283X ,("olllr,It'( FlIl'lIl11hr:illl't' NUlIllwJ"( /'1 '14'(0_ ,1I1l1 <br />ABL Account Number 12830, Org. Unit 77-77-7"77, <br />WHEREAS. rl''1"in.'u apPI'II':d, ,,1<-:11":\111"\: :1I1l! t'fllInlill:llion h:i~ IIlTll al'l'1l1111'1hht'd r!'Olll 111lt! \\ilh :II'PI"pri:lll' <br /><lgrJlclC's: ,llId <br /> <br />WHEREAS. pursuant to the provisi.ons of section 37-60-119, <br />Colorado Revised Statutes, as amended, the State is authorized <br />to construct certain water projects for the benefit of tile <br />people of the State of Colorado; and <br /> <br />WHEREAS, the Farmers Water Development Company has made <br />application to the State for the improvement of its existing <br />facility, such improvement of the facility is llereinafter <br />sometimes referred to as the project; and <br /> <br />WHEREAS. the Contractor is a water development company <br />within the State of colorado; <br /> <br />NOW THEREFORE, it is hereby agreed that: <br /> <br />1. The Contractor shall have a feasibility report prepared <br />and directed to the problem of improving the facility of the <br />contractor (Gurley Reservoir) in accordance with a proposal for <br />a project feasibility report prepared by the conSUlting <br />engineering firm of Steffen Robertson and Kirsten (the <br />Consultant) and approved by the State, received February 10. <br />1987, which proposal is attached hereto as Exhibit A and made a <br />part of this contract. <br /> <br />2. Fifteen (15) copies of the final report called for in <br />this contract shell be furnished to the State not later than <br />May 30, 1987. unless such time is extended by mutual agreement <br />of the parties hereto in writing. <br /> <br />3. As compensation for the services of the Contractor, the <br />State shall pay to the Contractor the sum of SiKty Thousand <br />Dollars ($60,000) in the manner following: <br /> <br />a. Sixty percent (60%), to wit, Thirty-.Six Thousand Dollars <br />($36.000) of the total amount due in two (2) monthly <br />installments of Eighteen Thousand Dollars ($18.000) each. <br />commencing on March 1, 1987. <br /> <br />b. The remaining fotty percent (40%), to wit. Twenty-Four <br />Thousand Dollars ($24,000) within forty (10) days following <br />receipt and acceptance of the written report specified in <br />paragraph 2. of this contract. <br /> <br />4. The total cost of services to be rsnde[ed [or the <br />Contractor by the Consultant is Eighty-Five Thousand Dollars <br />($85,000) and t~e Contractor shall pay the sum of Twenty-Five <br />Thousand Dollars ($25,000), and in no event shall this payment <br />be the liability of the State of Colorado. <br /> <br />2720E <br /> <br />J~I:r5:HI'I-'IU 14 <br /> <br />1';lC\' I 01_.1__ 1';11!\" <br /> <br />'r';"",,"O"I..,... ,',. P";\ <br />