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

, :~-...;. :.j,rmh.MiIJ2A
.\.--

Vt:PA .-. - ENT OR A.GENCY NUMBER
04-00
CONTRA.CT ROUTING NUMBER

CONTRACT

$354,113.57

THIS CONTRACT. made this 1st day of December 19-81, by and between the
Stale ur Colorado rur Ihe use and benefil (.If the Ocpurtmenl of'1 Natural Resources
(Colorado Water Conservation Board),
hereinafterrcfemd to as tl1e State. and '2. the Town of Basalt, P. O. Box Q,
Ra~alt. Colorado 81621.
hcrcillllftcr rererred to OIS Ihe conlraclor,

WHEREAS, authority ex.ists in the Law and Funds have been budplcd. appropriated and otherwise made
aVDilable and a sufficient unencumbered balance thereor remains ava~ble rOjlaymenl in Fund Number 4 008 .
G/L Accounl Number t;7t:.7Y . Contr..cl Encumbrance NumberC ~:l3 Sand

WHEREAS. required approval. clearance and coordination has been accomplished Crom and with appropriate
ugcncies: and

WHERPoAS, 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-Fiv~
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 exp~nd 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 satisfactione

NOW THEREPORE, 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
enlJineerin~ .firm and the project 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 specif.ications ann any necessary

J95-53.QloC010

Page I of....L pages
.jS\,.'\:I inl"lItlionl un rllveffie ur lilt pqc.)