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<br />. hmn 6-i\C-02A (It 511\51 <br />>, <br /> <br />II ( ,.;// I(J J :.,. <br /> <br />IJEI',\ 'I,N lOR AGl'NCY ....UMBI..R <br /> <br />C'15 5'178 <br /> <br />L;Gc<// <br />PROJECT <br />CONTRACT <br /> <br />_,-04-00 <br /> <br /> <br />$700,000 <br /> <br />THIS CONTRACT, made Ihis 14th day of November 198 -2-, by and between the <br />Stale of Colorado for the use and henefil of the Department of'1 Natural Resources <br />(Colorado Water Conservation Board), <br />hereinafter rrferred to as the State, and '2 the San Luis Valley Irriaation District, <br />296 Miles St. Center CO 81125 <br />hereinafler referred 10 as the contractor, or the Borrower 3'" r- <br /> <br />WHEREAS, authority exists in the law and Funds have been budgeted, appropriated and otherwise made <br />available and a sufficient unencumbered balance thereof remains available for payment in Fund Number 4008 <br />G/l Account Number 560 5X, Contract Encumbrance Nllmbe~ IS3~78 : and <br />ABL Account Number 16053, Org. Unit 77-77-777, <br />WHEREAS, rellllired 3I1Pro\'al, clearance and coordination has been accompli~hed from and with apprupriate <br />agencies: and <br /> <br />WHEREAS. pursuant to the provisions of 37-60-119. Colorado <br />Revised Statutes. the State is authorized to loan money for the <br />construction of water projects for the benefit of the people of <br />the State; and <br /> <br />WHEREAS. the Borrower is an irrigation district in the <br />State of Colorado and wishes to undertake repairs to the <br />existing Rio Grande Dam. hereinafter called the project. for <br />the members of the Irrigation District in HinSdale County. <br />Colorado. at an estimated cost of Seven Hundred Thousand <br />Dollars ($700.000); and <br /> <br />WHEREAS. a feasibility investigation of said project was <br />conducted and it was found that such a project is technically <br />and financially feasible; and <br /> <br />WHEREAS. the State has now agreed to loan money for the <br />construction of said project upon mutually agreeable terms and <br />conditions. subject to the availability of funding for that <br />purpose; and <br /> <br />WHEREAS, pursuant to Senate Bill No. 27. Fifry-Second <br />General Assembly of the State of Colorado. duly enacted into <br />law. the Colorado Water Conservation Board has been authorized <br />to loan and grant the sum of Seven Hundred Thousand Dollars <br />($700,000), as may be adjusted pursuant to Senate Bill 27. for <br />construction of the project; <br /> <br />NOW THEREFORE. in consideration of the mutual and dependent <br />covenants herein contained. it is agreed by the <br />parties hereto as follows: <br /> <br />A. The Borrower agrees that it shall: <br /> <br />1. Employ an engineering firm to prepare project plans and <br />specifications for the project. Both the engineering firm and <br />the project plans and specifications must be approved by the <br />State before initiation of construction on the project. <br />including any real estate and water rights acquisitions. can <br />commence. <br /> <br />2. Contract for the construction of said project to a <br />responsible and capable firm or firms (hereinafter referred to <br />as Construction Firm or Firms). which Construction Firms shall. <br />when required by the State. be selected through competitive <br />pUblic bidding. said project to be completed within two (2) <br />years of the date of this contract in accordance with the <br />project plans and specifications and any necessary modification <br />thereof approved by the State. The State must approve. in <br />writing. all contracts before they can become effective. The <br />above-specified time may be extended by the State if such time <br /> <br />39S5W.....IO.14 <br /> <br />Page I nf2pages <br />...(S~c irlSIr\l~ti"rlS 011 r~vcr..c of last page.) <br /> <br />l810E <br />