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<br />,. <br />1;. . <br />'.".. <br /> <br />. <br /> <br />, ' <br />~j~: <br /> <br />. <br /> <br />c. The State agrees that it shall: <br /> <br />1. Loan to the Contractor for the purpose of this contract <br />an amount not to exceed Seventy-Five Thousand Dollars <br />($75.000). Said seventy-Five Thousand Dolla[8 ($75.000) shall <br />be made available to the Contractor in accordance with the <br />following terms and c6ndit~ons: . <br /> <br />a. Begfnning with the monthly periOd commencing <br />January 2. 19p7. and for every month thereafter until <br />said project has been completed. the Contractor shall <br />prepare, with the assistance of the engineering firm <br />referred to in paragraph A.I. above. an estimate of <br />the funds required from the State for project <br />construction during that month and shall forward said <br />estimate to the State not less than fifteen (15) days <br />prioe to the beginning of such month. <br /> <br />b. Upon receipt and approval by the State of such <br />monthly estimate. the State will~~"thin forty (40) <br />days f rom the receipt of such !1;lftfll\a . . pay over to <br />the Contractor the amount of"tl(e molii': y estimate <br />oe such portion thereof as.~.a. S~~~~~. ~a.~~ ~,roved <br />by the State. . /~>\, 'V;;V' <br /> <br />c. No payments will be rnade'Unqe;Pthis contract <br />until the project pIa.. and sp<~~1i-fications referred <br />to in paragraph A.I. .,~. .,_~re )xpproved by the State. <br />. "~~!l"\~ <br />2. Provide th~" .rac"' r~'th such technical <br />assistance as the Stave~ e ap priate in planning. <br />constructing. and opera~~.."' the oject and in coordinating the <br />project with local offici f.. omprehensive plans for sewer and <br />water and with any State 0 ea plans for the area in which <br />the project is located. . <br /> <br />O. This contract is not assignable by the contractor\except <br />with written approval of the State. <br /> <br />E. The parties to this contract intend that the relationShip <br />between them contemplated by this contract is that of <br />lender-borrower. not employer-employee. No agent. employee. or <br />servant of the Contractor shall be or shall be deemed to be an <br />employee. agent. or servant of the State. The Contractor will <br />be solely and entirely responsible for its acts and the acts of <br />its agents. employees. servants. engineering firms. <br />Construction Firms. and subcontractors during the performance <br />of this contract. <br /> <br />F. At all times during the performance of this contract. the <br />Contractor shall strictly adhere to all apQJicable federal and <br />state laws that have been or may hereafter be established. <br /> <br />G. This agreement is intended as the complete integration of <br />all understandings between the parties. No prior or <br />contemporaneous addition. deletion. or other amendment hereto <br />shall have any force or effect whatsoever unless embodied <br />herein in writing. No subsequ9nt novation. renewal. addition. <br />deletion. or other amendment hereto shall have any force or <br />effect unless embodied in a written contract executed and <br />approved pursuant to the State fiscal rules. <br /> <br />, <br />, <br />\ <br />\ <br />\ <br /> <br />H. In its sole discretion. the State may at any time give any <br />consent. deferment. subordination. release. satisfaction. or <br />termination of any or all of the Contractor's obligations under <br />this agreement. with or without valuable consideration, upon <br />such terms and conditions as the State may determine to be (a) <br />advisable to further the purposes of this contract or to <br />protect the State's financial interest therein. and (b) <br />consistent with both the statutory purposes of this contract <br /> <br />Page 2 of ~ pages <br />