Laserfiche WebLink
<br />\...,; <br /> <br />.-" <br /> <br />WHEREAS. pursuant to ~ection 1 of chapter 32. Session Laws <br />of Colorado 1987. as amended by section 4 of S.B. 30. 1988 <br />session. the state has been authorized to loan Thirty-Six <br />Thousand Dollars ($36.000) for construction of the project. <br />including the cost of the feasibility report. <br /> <br />NOW THEREFORE. in consideration of the mutual and <br />dependent covenants herein contained. it is agreed by the <br />parties hereto as follows: <br /> <br />A. The State and the Contractor have previously entered into a <br />termination contract. attached hereto as Exhibi~ A. and a <br />feasibility report contract. attached hereto as Exhibit B. <br />Exhibits A and B are incorporated by reference herein, The <br />contractor's Articles of Incorporation and Corporate Bylaws are <br />also incorporated by reference herein. <br /> <br />B. The Contractor agrees that it shall: <br /> <br />1. Employ an engineering firm (h~reinafter referred to as <br />the Consultant) to prepare project plans and specifications for <br />the project, Both the Consultant and the project plans and <br />specifications must be approved in writing by the State before <br />construction on the project can commence. For purposes of this <br />paragraph. "construction" includes any real estate and water <br />rights acquisitions. <br /> <br />2, Contract for the construction of said project to a , <br />responsible' and capable firm or'firms (hereinafter referred to <br />as Construction Firm or Firms). which Construction Firms shall <br />be selected by the Contractor through competitive pUblic <br />bidding, The state must approve in writing all contracts <br />before they can become effective. <br /> <br />3. Cause construction of the project to be completed <br />within two (2) years of the date of this contract. in <br />accordance with the project plans and specifications and any <br />necessary modification(s) thereof approved by the State. This <br />time may be extended by the State in writing it such time is <br />inSUfficient because of acts of God or other acts or <br />circumstances beyond the control of the Contractor, The <br />Contractor must produce documented justification of any such <br />acts or circumstances. <br /> <br />4. Reguire all Construction Firms and their subcontractors <br />to indeJ\\nify the State and the Contractor against all liability <br />and loss. and against all claims and actions ba~edupon or <br />arising out of damage or injury. including death, to persons or <br />property. caused by any acts or omissions of those parties or <br />sustained in connection with the performance of any contract <br />related to the project or by conditions created thereby. or <br />based upon any violation of any statute. ordinance. or <br />regulation. and the defense of any such claims or actions. <br /> <br />5. Require all Construction Firms and their subcontrac- <br />tors to maintain during the term of their contracts for project <br />construction the following: <br /> <br />a, Workmen's compensation and employers' liability <br />insurance in the required statutory amounts. <br /> <br />b. Automobile liability insurance for all vehicles, <br />~nd comprehensive general liability insurance. both in <br />at least the following amounts: <br /> <br />(1) For any injury to one person in any single <br />occurrence. the sum of Five Hundred Thousand <br />Dollars ($500.000)_ <br /> <br />Pag~ ~ of 10 Pages <br />( <br /> <br />( <br />