PROJ00554

• Contract/PO #: C153478
• Contractor Name: San Luis Valley Irrigation District
• Contract Type: Loan
• Water District: 20
• County: Hinsdale
• Bill Number: SB 86-27
• Loan Projects - Doc Type: Contract Documents

M"_, ____- Olm ....AC-02A lit 5/115)
:N.FRBP

DEPA'" 'I!:;NT OR AGI::NCY NUMB!:;R
,-04-00
CONTRACT ROUTING NlJMBER

PROJECT
CONTRACT

$700,000

THIS CONTRACT, made this 15th day of October 198~, by and between the
State of Colorado for the use and benefit of the Department of"l Natural Resources
(Colorado Water Conservation Board),
hereinafter I't'ferred to as the State, and "2 the San Luis Valley Irrigation District,
296 Miles St., Center, CO 81125,
hereinafter referred to as the contractor,

WHEREAS: authority e"ish in the Law and Funds have been budgeted, appropriated and otherwise made
available and a sufficient unencumbered bal:Jnce lhereof remains a~ailable for payment in Fund Number 4008
G/l Accounl Number5605X ,Contract Encumbrance Number : and
ABL Account Number 16053, Org. Unit 77-77-777,

WHEREAS, relluirl'd approval. clearance and coordination has heen accomplished from and with appropriate
agencies: 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

WHEREAS. the Borrower iH iHl irrigati.on district in the
State of Colorado and wishes to undertake repairs to the
existing Rio Grande Dam. hereinafter called the project. for
the members of the Irrigation District in Hinsdale County.
Colorado. at an estimated cost of Seven Hundred Thousand
Dollars ($700.000); and

WHEREAS. a feasibility investigation of said project was
conducted and it was found that such a project is t.p.chnically
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 Senate Bill No. 27. Fifty-Second
General Assembly of the State of Colorado. duly enacted into
law. the Colorado Water Conservation Board has been authorized
to loan and grant the sum of Seven Hundred Thousand Dollars
($760.,.000). as may be adjusted pursuant to Senate Bill 27, 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 ~nd
the project plans and specifications must be approved by the
State bHforp. initiation of construction on the project.
including any real estate and water rights acquisitions. can
commence.

2. Contract for the construction of said project to a
responsible and capable firm or firms (hereinafter r~ferred 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
projec~ plans and specifications and any necessary modification
thereof approved by the State. The State must approve. in
writing. all contracts be~ore they can become effective. The
above-specified time may. be extended by the State if such time

J9s.:5}()1-1O"14

Page I of-+- pages
"'(See inSlruCliunsunrevcrscoflasl page.)

l8l0E

/1 -r: 0,," (-::!..,
V,fi.,c..

.t"'i.;lf ,-/-...!..../ _ '-, ,':","

0"

,f J,r~::J _,'/ t