Laserfiche WebLink
<br />.. <br /> <br />previous defaults by the Contractor, through judicial proceedings <br />to require. specific performance of this contract or by such other <br />proceedings in law or equity as may be deemed necessary by the <br />S.tate . to insure compliance with provisions of this contract and <br />the laws and regulations under which this -contract is made. <br /> <br />B. . . The State agrees that it will: <br /> <br />1; Make available to the Contractor for the purpose of this <br />contract the sum of Three Hundred Ninety-Three Thousand. Seven <br />.HundredNine.ty-Five Dollars ($393,795). . Said Three Hundred <br />Ninety-Three Thousand Seven Hundred Ninety-Five Dollars ($393,795) <br />shall be made available to the Contractor in accordance with the <br />. following tenus) scttedule and condit~ons: . <br /> <br />a. Beginning with the monthly period commencing July 1, 1976, <br />and for every month thereafter until said project has been <br />completed, the Contractor shall prepare with the consulting <br />engineerls.he~p, an estimate of the funds requjred from the <br />State for project construction during that month and shall <br />forward --said e-stimate' to the State not less than fifteen (15) <br />days prior to .the beginning of such month; <br /> <br />b. .Upon _receipt and approval by the State of such monthly <br />"stimat", the State will, within thirty (30) days from the <br />r~ceipt .of' such estimate, pay' over to the Contractor the . <br />amount of the monthly estimate or such portion thereof as has <br />been approved by the .State. <br /> <br />. .. <br />2. "Assist- the Co~tract~r with such technical assistance ,as the <br />State deems appropriate in planning, const1')lcting, and operating <br />. the project and in coordinating the project with local official <br />comprehensive plans for sewer and'water ,and with any state or <br />alea plans for the. area in which the project is located.. <br /> <br />3. In its sole discretion, the State may at any time give any <br />consent, deferment, subordinatipn, release, satisfaction, or <br />termination. of. any or all of the Contra~torl.s obligations under <br />this agreement, with or.without valuable consideration; upon <br />such terms and conditions as the State may determine -to be . <br />(a) .advisab1e. to further the purposes of this contract or to <br />protect the State's financial interest therein, and (b) con- <br />sistent with both the .statutory purposes of this contract and <br />the limitations of the statutory. authority under which it is made. <br /> <br />4. Upon completion of the payment of the full purchase price to <br />the State in the sUm of Six Hundred Twelve. Thousand Two Hundred <br />Forty. Dollars ($612,240r as set forth in paragraph A. 9. of this <br />contract, to convey.to the Contractor all of the State's right, <br />title and interest in and to the. project by deed or other proper <br />conveyance". . <br /> <br />Page.3 of 2-. pages <br />