PROJ00545

• Contract/PO #: C153373
• Contractor Name: Basalt, Town of
• Contract Type: Loan
• Water District: 37
• County: Eagle
• Bill Number: SB 78-69
• Loan Projects - Doc Type: Contract Documents

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CONTRAcr

$354,113.57

1981, by and between the
Resources

ists w and Funds have been budgeted. appropriated and otherwise made
balance thereor remains ava~kl: for~aYmcnt in Fund Number 4008 .
. Contruct Encumbrance NumberC ~33 ~

S. required approval. clearance and coordination has been 'accomplished from and with appropriate

WHEREAS, pursuant to the provisions of section 37-60-119,
Colorado Revised Statutes 1973, as amended, the State is
authorized to construct certain water projects for the benefit
of the people of the State; and

WHEREAS, the Contractor is a duly constituted town in the
State of Colorado and wishes to improve its existing water
supply system,. hereinafter called the project, for the citizens
of the Town of Basalt in Eagle County, Colorado, at an
estimated cost of approximately Three Hundred Fifty-Five
Thousand Dollars ($355,000); and

WHEREAS, a feasibility investigation of said project was
conducted and it was found that such a project is economically
feasible; and

WHEREAS, the State has agreed to construct said project and
to sell the same to the Contractor upon mutually agreeable
terms and conditions, subject to the availability of funding
for that purpose; and

WHEREAS, pursuant to Senate Bill No. 69, Fifty-First
General Assembly of the State of Colorado, duly enacted into
law, the Colorado Water Conservation Board has been authorized
to expend a sum not to exceed six Hundred Thousand Dollars
($600,000) for construction of the project; and

WHEREAS, the Contractor has already incurred Three Hundred
Fifty-Four Thousand One Hundred Thirteen Dollars and
Fifty-Seven Cents ($354,113.57) of expenses on prior portions
of the project, which expenses have been documented by the
Contractor to the State's satisfaction.

NOW TH~REFORE, in consideration of the mutual and
dependent covenants herein contained, it is agreed by the
parties hereto as follows:

A. The Contractor agrees that it shall:

1. Employ an engineering firm to prepare project plans
and specifications for the proposed project. Both the
engineering firm and the pr.oject plans and specifications shall
be approved by the State.

2. Subcontract the construction of said project to a
responsible and capable firm, said project to be completed
within two (2) years of the date of this contract in acco~dance
with the project plans and specifications and any necessary

395-53-o1-C010

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