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PROJC00554
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PROJC00554
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Entry Properties
Last modified
11/19/2009 11:09:09 AM
Creation date
10/6/2006 12:10:41 AM
Metadata
Fields
Template:
Loan Projects
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
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<br />" <br />.' <br />. <br /> <br />F...... 6-."C-02A (R 51151 <br />W/FRPB <br /> <br />. . <br />-' <br />. <br /> <br />) <br /> <br />.'- ) I V':;-"I,,} <br />m,:\.,.",:;~M. r OR AGENCY~. \~ER <br />34-0, P <br />CONTRACT ROl! ING NUMBER <br />'/5/ <br /> <br />$33,000 <br /> <br />PROJECT' <br />CONTRACT <br /> <br />THIS CONTRACT. mad~ Ihis / 9~ay of ..<: .L~~/w.A I 1982, bv and between the <br />Slale of Colorado (or the U~ and benefit of the Depanmerf. of " Natural Resources <br />(Colorado Water Conservation Board) , <br />hereinafter rtfem:d io as lI1e Slate. and '2 the Ish Reservoir Company, <br />20700 Weld County Road 15, Johnstown, CO 80534, <br />hereinafler referred to as the contraclor/Contractor. <br /> <br />WHEREAS. authorit)' exists in the Law and Funds have be~n budgeted. appropriated and otherwi~ made <br />available and a surricienl unencumbered balance thereof ~mains 7,ilable for paymenl in Fund Number 4 n n ~ <br />ClL Account Number 54 21X. Conlrael Encumbrance Numbe ,{,,~/i19: and <br />ABL Account No. 14210, Org, Unit 77-77-777, <br />WHEREAS. rel{uired arrroval. c1eanmce lInd coordination has b~n accomplished from and wilh appropriate <br />.lISencies: :md <br /> <br />.WHEREAS. pursuant to the provisions of 37-60-119 and <br />37-60-120, Colorado Revised Statutes. the State is authorized <br />to loan money for the construction of water projects for the <br />benefit of the people of the State provided that the Contractor <br />assures repayment of that money; and <br /> <br />WHEREAS. the Contractor is an incorpo~ated reservoir <br />company in the State of Colorado and it wishes to repair its <br />existing embankment. the Ish Dam. hereinafter sometimes called <br />the project. for the benefit of the stock~olders in Boulder. <br />Larimer. and Weld Counties. Colorado. at ~n estimated cost of <br />Seventy,Two Thousand Dollars ($72.000): alld <br /> <br />WHEREAS, on October 22. 1907, the parties entered into a <br />feasibility report contract. attached her~to as Exhibit B. A <br />feasibility investigation of said project was conducted and the <br />State has determined that such a project 'S teChnically and <br />financially feasible; and <br /> <br />WHEREAS. on ,~~'t- /9' ...J!2Xf. the State and the <br />Contractor entered Into a termination con,ract. attached hereto <br />as Exhibit A, which terminated the Exhibit B feasibility report <br />contract previOUSly entered into between the parties; and <br /> <br />WHEREAS, the termination contract pro~ides that the <br />Contractor will repay to the State the principal amount of <br />Three Thousand Dollars ($3.000) 'under the terms and conditions <br />of that Exhibit A termination contract in consideration of the <br />State's partial financing of the feasibility report for the <br />project pursuant to the Exhibit B feasibility report contract; <br />and <br /> <br />WHEREAS. the State now desires by this project contract to <br />loan money for the construction of said project upon mutually <br />agreeable terms and conditions. subject to the availability of <br />funding for that purpose; and <br /> <br />WHEREAS. the State and the Contractor agree that the <br />repayment of the feasibility report funding shall be <br />consolidated with the repayment of the project construction <br />loan; and <br /> <br />WHEREAS. pursuant to the Contractor's Articles of <br />Incorporation. the Contractor has authority to contract to <br />borrow money provided that a Resolution be duly passed by the <br />Board of Directors and to levy assessments assuring repayment <br />of the State according to the terms of the contract; and <br /> <br />810SE <br /> <br />J9.5-53-01-1014 <br /> <br />Page I of JJ2. pay.es <br />
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