C153314 Contract

• Contract/PO #: C153314
• Contractor Name: Parachute, Town of
• Contract Type: Loan
• Water District: 45
• County: Garfield
• Bill Number: SB 78-69
• Loan Projects - Doc Type: Contract Documents

Form (,-he.02A

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DEI' by !NT OR AGENCY NUMlli'.R
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, 4-04-00
CONrRA 'T ROUTING NlJMIIER
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$247,800.00

CONTRACT

THIS CONTRACT, made thi:o 1st day of~tember 197.2., by and between the
Slate of Colorado for thl! use and ben(lfll of Ih. Dopbrtnllllll of "1 Ni:\t..u,r"l- Re6ourCl~&:I
(Colorado wa~er conservation Board)
hereinafter referred to as the Statej and'2 the Town of Grand Vallev,
P. O. Box 217. Grand Valley. Colorado 81635
hereinafter referred to as the contJilctor.

WHEREAS, authority exists in the Law and Funds have been budgeted, appropriated and otherwise made
availahle and a sufficient unellcum~ered balance thereof remains available for payment in Fund.Number 4008 .
G/L Account Number 576,27 , Contract Encumbrance NnlllberCI.r.~l/Y ; and

WHEREAS, re{luired approval, clearance and coordination has befll accoml'lished from and with apprnpri<lte
agencies; and

WHEREAS, 'Jpursuant to Title 37, Article 60, Colorado Revised
statutes 1973, as amended, the state, through the COlorado Water
Conservation Board, ~ay construct water resource projects and make
the waters available therefrom to the residents of the state of
Colorado upon condit~ons to be determined by the Colorado Water
Conservation Boardi .~nd

WHEREAS, the cont~actor is a duly constituted incorporated town
of the state of colo~ado and wishes to undertake construction of a
domestic water syste~ hereinafter called the project, for the Grand
Valley Community in Garfield County, Colorado, at an estimated cost
of Five Hundred Thou@and Dollars ($500,000), and

WHEREAS, a feasib;i.lity investigation of said project was COIl-
ducted and it was fo~nd that such a project is economically fCRsible;
and

WHEREAS, the Stat~, through the Colorado Water Conservation Board,
has agreed to constrllct said project and..to seLl the same to the
Contractor upon mutucLlly agreeable terms and conditions, subject to
the approval of appropriations for that purpose by the Colorado
General Assembly and the Governor of the State pf Colorado; and

WHEREAS, pursuant to Senate Bill No. 69, Fifty-Second General
Assembly Of the state of Colorado, duly enacted by the ColoradO
General Assembly and approved by the Governor ot the State of Colorado,
there was appropriated to the COlorado Water coDservation Board the
sum of Two Hundred Fifty Thousand Dollars ($250,000) for construction
of the Grand Valley project; and

WHEREAS, the Contractor has available from ii:'-S own sources nnd
from a grant approved by the Office of the Socio-Economic Impact Co-
ordinator sufficient funds to construct the rem~inder of the project;

NO\v, THEREFORE, in consideration of the mutu~l and dependent
covenants hereirt contained, it is agreed by the parties hereto as
follows:

A. The Cont~~ctor a~ that it will:

1. Cause the construction of said project ~o be completed within
two (2) years of the date of this contract in aCcordance with the
project plans and specifications and any necess~ry mOdification thereof
approved by the state. No payment will be made under this contract
until the project plans and specifications are ~pproved by the state.
The above-mentioned time may be extended by the state if such time is
insufficient because of acts of God or other ac~s Or circumstances
beyond the control of the Contractor.

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