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<br />.,-- <br /> <br />c. No payments will be made under this contract <br />until the project plans and specifications referred <br />to in paragraph A.l. above are approved by the State. <br /> <br />2. Provide the Borrower with such technical assistance as <br />the State deems appropriate in planning, constructing, and <br />operating the project and in coordinating the project with <br />local official comprehensive plans for sewer and water and with <br />any State or area plans for the area in which the project is <br />located. <br /> <br />D. 1bis contract is not assignable by the Borrower 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 Borrower shall be or shall be deemed to be an <br />employee, agent, or servant of the State. The Borrower will be <br />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 />Borrower shall strictly adhere to all applicable 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 subsequent 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 />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 Borrower'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 />and the limitations of the statutory authority under which it <br />is made. <br /> <br />I. Upon completion of the repayment to the State in the sum <br />of Three Hundred Forty-Nine Thousand six Hundred Eighty Dollars <br />($349,680), as set forth in paragraph A.11. of this contract, <br />the State agrees to convey to the Borrower all of the State's <br />right, title, and interest in and to the project and any other <br />property described in paragraph A.5. by deed or other proper <br />conveyance. <br /> <br />J. The Colorado Water Conservation Board, its agents and <br />employees, is hereby designated as the agent of the State for <br />the purpose of this contract. <br /> <br />K. All notices, correspondence, or other documents required <br />by this contract shall be delivered or mailed to the following <br />addresses: <br /> <br />(a) <br /> <br />For the State <br /> <br />(b) <br /> <br />For the Borrower <br /> <br />Mr. J. William McDonald, Director <br />Colorado Water Conservation Board <br />721 State Centennial Building <br />1313 Sherman Street <br />Denver, CO 80203 <br />Attn: Nick Ioannides <br /> <br />Mr. Dale B. Phippeny <br />President <br />Paradox Valley Water <br />Conservancy District <br />Bedrock, CO 81411 <br /> <br />Page 5 of 7 Pages <br />