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<br />'fol/n b."C~Z" tR 5/851 <br />":' !'/1ERf.1K&PB <br />. ~lrnes' Meado,.lS D3m <br /> <br />~T"I.'~JI{ .\(.l:=-<CY ,-';l;.\f8l".K <br />34-04-00 <br /> <br />-'- <br /> <br />CO:-.lTR,\L f ROl 'T1N{~ Nl~~IIlFK <br /> <br />PROJECT <br />CONTRACT <br />and Promissory Note <br />THIS CONTRACT. made Ihis f;t'i...- day of U~~~~("'" <br />Slal~ of Colorado for Ihe Uloe and benefil of Ine Oeparlmenl of .1 Na tural <br />(Colorado Water Conservation Board), <br />hereinafter referred 10 as Ihe Stale. and.2 the City of Greeley, <br />Greeley Civic Center, 1000 10th Street. Grpplpv. <br />hforeinafler referred 10 as the contractor /Contractor or BorrO\'H~l'. <br /> <br />$192,317 <br /> <br />~} .t;L()':,::; <br /> <br />19 ~. by and between the <br />Resources <br /> <br />Colorado. <br /> <br />WHEREAS. authoril)' e\isls in Ihe Law and Funds ha...e been budgeled. appropriated and otherwise made <br />..v..il..ble and a sufficienl unencumbered Balance therC'of remains~lablC'et0 paymenl in Fund />.iumher 4008 <br />G/l Account Num~r 5378X. Conhact Encumbrance Numbe /5=5, W: a.nd <br />ABL Account No. 13780, Org, Unit 77-77-777, <br />WHEREAS. re4uircd apIHlIv;d. clearance and coordination has been acc~mptished from and wilh appropriale <br />"'Ir-ocies: and <br /> <br />WHEREAS. pursuant to the provisions of 37-60-119 and <br />37-60-120. Colorado Revised Statutes. the State is authorized <br />to loan money for the construction of water projects for the <br />benefit of the people Of the State provided that the Contractor <br />assures repayment of that money; and <br /> <br />WHEREAS. the Contractor is a duly constituted city in the <br />State of Colorado and it wishes to construct. or cause to be <br />constructed. the rehabilitation of its Barnes Meadow Dam and <br />appurtenant structures. hereinafter sometimes called the <br />project. which is located in Larimer County. Colorado. at an <br />estimated cost of Four Hundred Thirty Thousand Dollars <br />($430.000); and ~_ <br /> <br />WHEREAS. on July 1. 1967. the parties entered into a <br />feasibility report contract. attached hereto as Exhibit . A <br />feasibility investigation of said project was conducted and the <br />State has determined that such a project is technically and <br />financially feasible; and <br /> <br />WHEREAS. on ~~ "'P' of" , 199L, the State and the <br />Contractor entered lnto a termination contract. attached hereto <br />as Exhibit A. .which terminated the Exhibit B feasibility report <br />contract previously entered into between the parties; and <br /> <br />WHEREAS. the termination contract provides that the <br />Contractor will repay to the State the principal amount of <br />1'wenty-Two Thousand six Hundred Eighty, Three Dollars ($22,663) <br />under the terms and conditions of that Exhibit A termination <br />contract in consideration of the State1s partial financing of <br />the feasibility report for the project pursuant to the Exhibit <br />B feasibility report contract; and <br /> <br />WHEREAS. the State now desires by this project contract to <br />loan money for the construction of said project upon mutually <br />aqreeable terms and conditions. subject to the availability of <br />fundinq for that purpose; and <br /> <br />WHEREAS. the State and the Contractor agree that the <br />repayment of the feasibility report funding shall be <br />consolidated with the repayment of the project construction <br />loan: and <br /> <br />WHEREAS. pursuant to the Contractorls Home Rule Charter,' <br />the Contractor has authority to contract to borrow money. <br />provided that said contract is signed by the current Chairman <br />of the Greeley Water and Sewer Board. and to levy assessments <br />assuring repayment to the State according to the terms of the <br />contract; and <br /> <br />3594E'" <br /> <br />J95-5:W)1"1O'W <br /> <br />Page I of.lQ.. pages <br /> <br />&rf,A <br />