PROJ00551

• Contract/PO #: C153455
• Contractor Name: Grandview Irrigation Ditch Company
• Contract Type: Loan
• Water District: 12
• County: Fremont
• Bill Number: HB 85-1042
• Loan Projects - Doc Type: Contract Documents

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4-04-00
CONTRACT RO~6G N~,"BER

PROJECT
CONTRACT

$139,000

THIS CONTRA(T. made this 1st day of DecemDer 198 ~ . by and belween Ihe
Slale of Colorado for Ihe u~e and benefit of lile Deparlmenl of 'I N.'ltural Resources
(Colorado Water Conservation Board),
hereinafler referred 10 as lhe Slale. :lAd '2 the Grandview'Irritration Ditch Companv,
202 Mackenzie, Canon City, CO 81212,
herdnafler referred 10 as Ihe Contractor or the Borrower.

WHEREAS. aUlhority ,"'lists in lhe Law and Funds have been budgeted. approprialed and Olherwise made
ayailable and a sufficienl unencumbered b:Jiallce Ihereof remains ayAl!lQJe for jaymenl in Fund Number 4008 .
G/l Accllunl Number~. COlllra~'{ Encumbrance Numbera"J.:.(jC)~ and
ABL Account Number 1410Q, Org. Unit 77-77-777,
WHEREAS. re4uircd apPwY:lI. dearance and coordinalion has been accomplished from and with appropriate
J.!!,encies; and

WHEREAS, pursuant to the provisions of 37-60-119, Colorado
Revised Statutes, the State is authorized to loan money for the
construction of water projects for the benefit of the people of
the State: and

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WHEREAS, the Borrower is a duly constituted irrigation
company in the State of Colorado and wishes to repair, or cause
to be repaired, its existing irrigation system, hereinafter
called the project, for the benefit of the stockholders of the
company, located in Fremont County, Colorado, at an estimated
cost of Six Hundred Thousand Dollars ($600,000); and

WHEREAS, a feasibility investigation of said project was
conducted and it was found that such a project is technically
and financially feasible: and

WHEREAS, the State has now agreed to loan money for the
construction of said project upon mutually agreeable terms and
conditions, subject to the availability of funding for that
purpose~ and

WHEREAS, pursuant to House Bill No. 1042, Fifty-Fifth
General Assembly of the State of Colorado, duly enacted into
law, the Colorado Water Conservation Board has been authorized
to loan a sum not to exceed Two Hundred Forty Thousand Dollars
($240,000) for construction of the project~

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

A. The Borrower agrees that it shall:

1. Employ an engineering firm to prepare project plans
and specifications for the project. Both the engineering firm
and the project plans and specifications must be approved by
the State before initiation of construction on the project,
including any real estate and water rights acquisitions, can
corrunence.

2. Contract for the construction of said project to a
responsible and capable firm or firms (hereinafter referred to
as Construction Firm or Firms), which Construction Firms shall,
when required by the State, be selected through competitive
public bidding, said project to be completed within two (2)
years of the date of this contract in accordance with the
project plans and specifications and any necessary modification
thereof approved by the State. The State must approve, in
writing, all contracts before they can become effective. The
above-specified time may be extended by the State if such time
is insufficient because of acts of God or other acts or
circumstances beyond the control of the Borrower.

395-5}O'H014

Page I of~pages
'(See in5lrudlons on re~er!oll of laS! page.)

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