C153350 Contract

• Contract/PO #: C153350
• Contractor Name: Walden, Town of
• Contract Type: Loan
• Water District: 47
• County: Jackson
• Bill Number: SB 81-439
• Loan Projects - Doc Type: Contract Documents

EXHIBIT A

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$442,500

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CONTRACT

TillS C:O/"HI(A(T, m;llk Ihi.\_L5~!Ld"y 01'_ .;rU!y"__~. _______ _pt31, by .lIul b.:lwc~1I Ill.:
St..le uf <.'ohm.ltlu fur the u~c and henefit of the l>cllarlmenl 01"1 Na.tural ResOurces
(Colorado Water Conservation Board),
hereinafter refcrtcd 10 as lhe Slille. and '2 the Town of Wa.lden.
P. o. Bo~-1?5, Walden, co 80480,
hereina!'ter rderted 10 as the cuntractur,

WHEKEA,S. authority exjsts in lhe loIw and Funds have been bl.adgeled, appropriated and otherwise made
availahle lUlll it suflicil'nl um'llcllluhcn'd b.dnncl.' Iheretlf remains (1~i:!?Jor ~mcnl in f;und Number 4008,
elL AccuUlII Numbcr5352X . Coulmet Encumbrance Number J ':).{ d

WHEREAS. rcquirt'd approv:;il. c1ear.mee Imd cQordinalion has been accomplished from ;11I..1 with approjlriale
llgCllcic:.: lIud

WHEIU::AS, '3 pursuant to the provisions of 37-60-119, Colorado
Revised Statutes 1973, as amended, the State is authorized to
construct ceL'tain wate.c proje~ts foL' the benefit of the people
of the State; and

WHEREAS, the Contractor .ts a duly cons~tuted town in the
State of Colorado and wishes to improve its present water
supply system, hereinafter called the project, for the Walden
corrununity in Jackson County, Colorado, at an estimaten. cost of
One Million Two Hundred Thousand Dollars ($1,200,000); and

WHEREAS, a feasibility ihvestigatioh of 13a.id f.lcoject was
conducted and it was found that such a projec~ is ~conomically
feasible: and

WHEREAS, the State has agL'eed to conf3truct. said. project atld
to sell the same to the Contractor upon ~utually agreeable
terms and conditions, subject to the ava.tlabi1ity qf funding
for that purpose; and

WHEllEAS, pursuant to Senate Bill No~ 439, Fift.y-ThiJ:d
General Assembly of the State of Colorado, dulY enacted into
law, the Colorado Watec Conservation Boa.r:d has been autho.cizec]
to expenCi a sum not to exceed Four Hundl."ed and Fifty Thousaw;1
Dollars ($450,000) tOL' const.cQctioH of tne p.coject;

NOW THEREFORE, "in conside.cation of the mutual and
dependent covenants herein contained, it is a9.ceed by the
pa.cties hereto as follows:

A. The Contractor agrees that it shall~

1. Employ an engineering firm to p~epare project plans
and specifications for the proposed proj~ct. Both the
engineering ficm and the project plans artd specifications shall
be approved by the State.

2. Sub-contract the construction of said p.coject to a
responsible and capable firm, saici projeQt to Uc CUmpleted
within two (2) years of the date of this contt'act in acco.cdanc:e
witll the project plans and specifications and any necessaL"Y
modification tllereof approved by the State. The State must
approve, in writing, all sub-contracts b~fo.ce they become
effectiv~. The above-mentioned time may be extended by the

J95.5J.Ol-COlO

Page I C)L.l_ pages
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EXHIBIT A