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<br />, <br />/ <br />'- <br /> <br />, .' <br />~ .;..--' <br /> <br />!,\ <br /> <br />J,""-'''-. \ <br />, <br /> <br />, <br />,,", <br /> <br />\. ,~ "1 <br /> <br />.\ ' , <br />DEPARTME.it-'6~' '~~NCT NAME <br />Yater Conservation Boa~ <br />DEPARTMENT OR AGENCY NUMBER <br />PDA <br />ROUTING NUMBER q '?: <br />t.!tJO y <br /> <br />" <br /> <br />1690,442.50 <br /> <br />PROJECT <br />CONTRACT . ( <br />and Promissory Note <br /> <br />TIllS CONI'RAcr, made this ;? fA day 0( --d~ 1993, by and between the State or Colorado ror <br />the use and benefit of the Department or NATURAL i{so CES <br /> <br />(COLORADO WATER CONSERVATION BOARD) <br />be~inafter ~renod to os the State, and The New Cache la poudre Irriaatina Companv. <br />P.O. Box 104. Lucerne. Colorado 80646. <br /> <br />hereinafter cderred to as the contractor/Contractor or Borrower. <br /> <br />WHERFAS, authority exists in the Law and Punds bave been budgeted, appropriated and otherwise made available and a <br />sufficient unencumbered balance thereof remains available for payment in Pund Number ~ Organization nIT . Appropriation t~ S- <br />~ Program WfRC . Object Code 57rtConttact Encumbrance Number; C-IS31.'1j9' '- ; and <br /> <br />WHEREAS, required Bpproval, clearance and coordination have been accomplished from and with appropriate agencies; and <br /> <br />WHEREAS, pursuant to the provisions of Sections 37c6Oc119 and 37-60-120, <br />Colorado Revised Statutes, the State is authorized to loan money for the construction <br />of water projects for the benefit of the people of the State provided that the Contractor <br />assures repayment of that money; and <br /> <br />WHEREAS, the Contractor is a duly constituted irrigating company and it <br />wishes to replace its Poudre River diversion structure, hereinafter sometimes called the <br />project, for the benefit of its stockholders in Larimer and Weld Counties, Colorado, at <br />an estimated cost of Six Hundred Ninety Thousand Four Hundred Twenty-Two Dollars <br />and Fifty Cents ($690,422.50); and <br /> <br />WHEREAS, on March I, 1993, the parties entered into a feasibility report <br />contract. A feasibility investigation of said project was conducted and the State has <br />determined that such a project is technically and financially feasible; and <br /> <br />WHEREAS, on j..u~ ,/~ .1.22l the State and the Contractor entered into <br />a termination contract, ~tac d hereto as Exhibit A, which terminated the feasibility <br />report contract previously entered into between the parties, attached hereto as Exhibit <br />B; and <br /> <br />Page ~ of 12 Pages <br />