PROJC00554

• Contract/PO #: C153529
• Contractor Name: Ish Reservoir Company
• Contract Type: Loan
• Water District: 4
• County: Larimer
• Bill Number: SB 88-30
• Loan Projects - Doc Type: Contract Documents

Form 6.AC..olA (R 511jl

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lXHIBIT A

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Uf....___,IENf OR AGENCY N' )R
34-04-,
CONTRACT RO ITING NUMBER
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TERHINATION
CONTRACT

No Encumbrance
Terminates C-l53505

THIS CONTRACT. mad~ thil9"...::zZ- day oC ~~~ 198 r.., by and between the
State or Colorado ror the U~ and ben~lit or Ihe Deparl nt or" Natural Resources
(Colorado Water Conservation Board),
hereinaher rtrerred 10 as the Stat~. and.2 the Ish Reservoir ComDanv.
20700 Weld County Road IS, Johnstown, CO 80534.
Ilertinarltr rererred 10 as lhe contraclor,lContractor.

WHEREAS. aUlhorilY nisls in the Law and Funds have been budgeted, approprialed and oth~l"'Wise m~de
avail41ble and a surricienl unencumbered balance lhereo( remains available ror paymenl in Fund Number N I'll. .
GlL Account Number N/A . Conlracl Encumbrance Number N/A : and

WHEREAS. rtquircd apprnval. clearance and coordination has been accomplished rrom and with appropriate
agencies; and

WHEREAS. the State and the Contractor entered into a
contract on October 22, 1987 (attached as Exhibit Band
incorporated by reference herein), which contract shall
hereinafter be referred to as the ufeasibility report
contract," in which the St9!te agreed to pay the Contractor
Three Thousand Dollars ($3,000) for the purpose of partially
funding a feasibility report concerning the repair and
rehabilitation of the Ish Dam; and .-

WHEREAS, the feasibility ,report contract provided.in_part._
the following terms:

5. In consideration of the State assuming a portion
of the cost of the preparation of the said project-
feasibility report. the Contractor shall pay to the
State the sum of Three Thousand Eight Hundred
Eighty-five Dollars ($3.885) provided that
construction of the subject water project is initiated
within ten (10) years of the date of this contract,
The Contractor shall fulfill this Obligation
irrespective of how. or by whom. the subject water
project is financed or paid for so long as
construction is initiated within the specified time.

6. In the event the Contractor must make payment
pursuant to the terms of paragraph 5, above, then the
said sum of Three Thousand Eight Hundred EightY-five
Dollars ($3,885) shall be payable in ten (10) equal
installments of Three Hundred Eighty-Eight Dollars and
fifty Cents ($388.50) each, the first installment to
be due and payable upon the January 1st next
succeeding the initiation of construction on the said
water project. Subsequent payments shall be due and
payable on January 1st of eacbyear thereafter,

WHEREAS. the State and the Contractor intend to enter into
a separate contract (hereinafter referred to as the Uproject
contracttl) in which the State will loan the Contractor money
for the purpose of repairing the Ish Dam; and

WHEREAS. initiation of construction to repair the Ish Dam
will create an Obligation OD the part of the Contractor to make
payments under the terms, specifically paragraph Nos. 5. and
6.. of the existing feasibility report contract; and

EXHIBIT A (Project Contract) 8112E

395-53-01-1014

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