C153354 Contract

• Contract/PO #: C153354
• Contractor Name: Paradox Valley Canal and Reservoir Company
• Contract Type: Loan
• Water District: 61
• County: Montrose
• Bill Number: SB 81-439
• Loan Projects - Doc Type: Contract Documents

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NUMBER

$100,000

CONTRACT

THIS CONTRACT, made this 15th day of Auqust
Slate of Colorado for the use and benefit of the Department of . I
(Colorado Water Conservation Board).
hereinafter referred to as the State, and "2 --Egradox Valley
Bedrock. Colorado 81411.
hereinafter referred to as the contractor,

I ~ 1, by and between the
Natural Resources

Canal and Reservoir Company,

WHEREAS, authority exists in the Law and Funds have been budgeted. appropriated and otherwise made
available and a sufficient unencumbered balance thereof remains available for ~menl in Fund Number 400A 1
G/L Account Number 1)3 Sqx. Contract Encumbrance Numberl7.)~3~, nd

WHEREAS, required approval. c1earallce and coordination has been accomplished from and with appropriate
agencies; and

WHEREAS,'] pursuant to the provisions of 37-60-119, Colorado
Revised Statutes 1973, as amended, the State is authorized to
construct certain water projects for the benefit of the people
of the State; and

WHEREAS, the Contractor is a duly constituted irrigation
company in the State of Colorado and wishes to undertake
improvements of its existing storage structure (Buckeye
Reservoir), hereinafter called the project, for the irrigation
company in Montrose County, ColoradO, at an estimated cost of
One Hundred Thousand Dollars ($100,000); and

WHEREAS, a feasibility investigation of sdid project was
conducted and it was found that such a project Is economically
feasible; and

WHEREAS, the State has agreed to construct said project and
to sell the same to the Contractor upon mutualiy agreeable
terms and conditions, subject to the availability of funding
for that purpose; and

WHEREAS, pursuant to Senate Bill No,439. Fifty-Third
General Assembly of the State of Colorado, duly enacted into
law, the Colorado Water Conservation Board has been authorized
to expend a sum not to exceed One Hundred Thousand Dollars
($100,000) 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 Contractor agrees that it shall:

1. Employ an engIneerIng fIrm to prepare project plans
and specifications for the proposed project. Both the
engineering firm and the project plans and specifications shall
be approved by the State.

2. Sub-contract the construction of saId project to a
responsIble and capable firm, said project to be completed
within two (2) years of the date of this contract in accordance
with the project plans and specificatIons and any necessary
modIfication thereof approved by the State. The State must
approve, in writIng, all sub-contracts before they become
effective. The above-mentioned tIme may be extended by the

395.5J..()l-COlO

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