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<br />~ <br /> <br />o <br /> <br />provided by the State for the purpose of partially funding the <br />feasibility report for Bauer No. 1 Dam) will be integrated with <br />the Contractor'S repayment of the construction loan of the <br />project contract. which will be executed contemporaneously with <br />and immediately prior to the execution of this termination <br />contract. <br /> <br />NOW. THEREFORE it is hereby agreed that: <br /> <br />1. The feasibility report contract entered into between <br />the State and the Contractor on September 24. 1984 (attached as <br />Exhibit B and incorporated by reference herein). Contract <br />Encumbrance No. C-153431. is hereby terminated and the <br />remaining obligations of the State and the Contractor under the <br />terms of that contract are no longer enforceable. <br /> <br />2. The Contractor agrees to the following terms for the <br />repayment of Two Thousand Dollars ($2.000). which represents <br />the principal amount provided by the State as partial financing <br />for the feasibility report under the terms of the feasibility <br />report contract: <br /> <br />a. The Two Thousand Dollars ($2.000) referred to above <br />will be added to that amount loaned to the Contractor <br />by the State under the project contract for the repair <br />of the Bauer No.1 Dam project. <br /> <br />b. The total amount described in paragraph 2.a.- above <br />and interest for the full term-will be repaid under the <br />terms of the project contract to be entered into <br />between the State and the Contractor. <br /> <br />3. This termination of the feasibility report contract <br />will not be effective until such time as a valid and <br />enforceable project contract containing the terms of paragraph <br />2. above is in effect for the repair of the Bauer NO.1 Dam <br />project. <br /> <br /> <br />Page ~ of ! Pages <br />