Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />levied by the Contractor. or the revenues resulting therefrom. are <br /> <br /> <br />or become insufficient to assure repayment of the State as required <br /> <br /> <br />by the terms and conditions herein. then the Contractor. upon <br /> <br /> <br />written notice thereof from the State. shall immediately take all <br /> <br />necessary action consistent with its statutory powers and Bylaws. <br /> <br />including but not limited to additional assessments. to raise <br /> <br />sufficient revenue to assure repayment of the project loan to the <br /> <br /> <br /> <br />ta-~~~S\i~, ,.. 0' ",. "'0.... <br />t. ,r;l\ <br />Sixt.y Six Thous _ :', q'" HU~f'~ nty four and 071100 Dollars <br />($966.124,07). incl~es the project loan amount, and interest <br /> <br />State. <br /> <br />10. <br /> <br /> <br />at the rate of <br /> <br /> <br />(5,0\) per annum. said repayment to be <br /> <br />made in constant annual installments of One Hundred Seven Thousand <br /> <br />Two Hundred Dollars ($107 ;200. OO)-'each for nine (9) years and one <br />/ <br />final payment of One Thousand Three Hundred Twenty four and 07/100 <br /> <br />-,- <br />Dollars ($1.324.07) in the tenth (10) year. as shovn in Exhibit B. <br /> <br />attacbed hereto and inco:porated by reference herein. wbich firs~ <br /> <br />ins~allmen~ shall be cue ana payable on ~he ~irs~ day of the ~ODth <br /> <br />~$ scheduled in ~hibit B aDd yearly the:eafter until the entire <br />. principal oem shall have been paid. Said installment payments <br />shall be made payable to the Colorado Water Conservation Board. <br /> <br />payable at the offices of said Board in Denver. Colorado. The <br /> <br /> <br />Contractor-pledges its full faitb and 'credit in support of this <br /> <br />Obligation and warrants that it has .taken all steps necessary to <br /> <br />pledge its full faith and credit for this Obligation. <br /> <br />11. Obtain and main~ain general fire and hazard insurance on <br /> <br />the project in an amount not less than the outs~anding amount of <br />the loan made by the S~ate to the Contractor until the Contractor <br /> <br />has repaid the loan in the full under the terms of paragEaph A,lO <br />above. The State shall be named coinsured with the Contractor in <br /> <br />this policy, The outstanding loan amount payable to the State <br /> <br />Page 6 of 11 Pages <br />