C153166 Contract

• Contract/PO #: C153166
• Contractor Name: Rico, Town of
• Contract Type: Loan
• Water District: 0
• County: Dolores
• Bill Number: SB 77-35
• Loan Projects - Doc Type: Contract Documents

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COt'\TRM:T ROUTIN(; NlJ\IBER
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$72.210.00

CONTRACT

THIS CONTRACT, made this 15th day of September

Stale of Colorado for the llse and henefit of the Department of'l Natural
(Colorado Water Conservation Board),

hereinafter refcmd 10 as the State, and '2 the Town of Rlca,
P. O. Box 56. Rico. Colorado 81332

197.1, by and between the
Resources

hereinafter referred to as the contractor.

WHEREAS. authority e:iists in the Law and Funds have been budgeted. appropriated and otherwise made
available and a sufficient unencumbered balance thereof remains available for payment in Fund Number 4008
G/L Account Number 57047, Contract Encumbrance Number r:l '1'" ti.Fr. ; and

WHEREAS. required <lIlProv:ll. c1c:lr:ll1ce :Iud coordination'has been accomplished from and wilh appropriate
agencies; and

WHEREAS, '3 pursuant to Title 37, Article 60, Colorado Revised
Statutes 1973, as amended, the state, through the Colorado Water
conservation Board, may construct water resource projects and make
the waters available therefrom to the residents of the state of
Colorado upon conditions to be determined by the Colorado Water
Conservation Board; and

\~IEREAS, the Contractor is a duly constituted incorporated town
of the state of Colorado and wishes to undertake construction of a
domestic water system, hereinafter called the project, for the Rico
community in Dolores county, Colorado at an estimated cost of
Four Hundred Thirty Thousand Dollars ($430,000); and

\'1HEREAS, the parties hereto have jointly conducted a feasibility
investigation of said project and have found that such a project is
economically feasible; and

WHEREAS, the state, through the Colorado Water conservation Board,
has agreed to construct said project and sell the same to the
contractor upon mutually agreeable terms and conditions, subject to
the approval of appropriations for that purpose by the Colorado
General Assembly and the GovernOr of the state of colorado; and

WHEREAS, pursuant to Senate Bill No. 35, Fifty-First General
Assembly of the state of Colorado, duly enacted by the Colorado
General As:sembly and approved by the Governor of the state of colorado,
there was appropriated to the Colorado Water conservation Board the
sum of Eighty Thousand Dollars ($80,000) for construction of the
Rico Project; and

WHEREAS, not more than Twenty Thousand Dollars ($20,000) of the
above amount may be authorized for payment on or before the 31st of
December, 1977; and

\~HEREAS, the contractor has available from its own sources and
from a loan a.nd grant approved by the Fclrmers Home Administration of
the United states and other sources sufficient funds to construct
ther remainder of the project.

NOW THEREFORE, in consideration of the mutual and dependent
convenants herein contained, it is agreed by the parties hereto as
follo'ws:

"age 1 of----6- pages
.(See in~lructions on reverse or last page.)