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C150008 Contract
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C150008 Contract
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Last modified
3/7/2013 2:33:24 PM
Creation date
10/6/2006 12:12:15 AM
Metadata
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Template:
Loan Projects
Contract/PO #
C150008
Contractor Name
Leroux Creek Water Users Association
Contract Type
Loan
Water District
40
County
Delta
Bill Number
HB 95-1155
Loan Projects - Doc Type
Contract Documents
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<br />17. Progress Reports. The BORROWER shall, with the assistance of the CONSULTANT, prepare a <br />'periodic progress report which contains a statement of the PROJECT costs expended for that <br />period and shall forward said statement to the STATE. <br /> <br />18. Periodic Inspections. Throughout the term of this contract, the BORROWER shall permit a <br />designated representative of the STATE to make periodic inspections of the PROJECT. Such <br />inspections are solely for the purpose of verifying compliance with the terms and conditions <br />of this contract. Furthermore, such inspections shall cover the condition of the PROJECT, <br />operating records, maintenance records, llnd financial records, and shall not be construed <br />nor interpreted as an approval of the actual design and/or construction of any element of the <br />PROJECT facilities. <br /> <br />19.Adhere To Applicable Laws. The BORROWER shall strictly adhere to all applicable federal, <br />state, and local laws and regulations that are in effect or may hereafter be established <br />throughout the term of this contract. <br /> <br />20. No Discrimination Of Services. The services of said PROJECT shall be made available <br />within its capacity and in accordance with all pertinent statutes, rules and regulations, and <br />operational guidelines to all persons in the BORROWER'S service area without discrimination <br />as to race, color, religion, or national origin at reasonable charges (including assessments or <br />fees), whether for one or more classes of service, in accordance with a schedule of such <br />charges formally adopted by the BORROWEF~, as may be modified from time to time. <br /> <br />B. The STATE agrees as follows: <br /> <br />1. Agreement TO Loan Money. The STATE agrees to loan to the BORROWER an amount not to <br />exceed that specified in the Promissory Note Provisions of this contract. <br /> <br />2. Disbursements. After receipt of the periodic progress report from the BORROWER, and <br />review and acceptance of the items therein as eligible expenses as described below, the <br />STATE will pay to the BORROWER the amount set forth in the report or such portion that has <br />been approved by the STATE. Such payment shall be made within thirty (30) days from the <br />STATE'S approval of each progress report. <br /> <br />3. Release After Loan Is Repaid. Upon complete repayment to the STATE of the entire <br />principal, all accrued interest, and late charges, if any, as specified in the promissory note, <br />the STATE agrees to, execute a release of deed of trust to convey to the BORROWER all of the <br />STATE'S right, title, and interest in and to the property described in the deed of trust, and to <br />file a UCC-3 form with the Secretary of State to terminate all of the STATE'S rights in and to <br />the revenues pledged to repay this loan. <br /> <br />C. The STATE and the BORROWER mutually agree as follows: <br /> <br />1. Designated Agent Of The STATE. The CWCB, which includes its agents and employees, is <br />hereby designated as the agent of the STArE for the purpose of this contract. <br /> <br />2. Contract Is Not Assignable. This contract is not assignable by the BORROWER except with <br />the prior written approval of the STATE. <br /> <br />3. Contract Relationship. The parties to this contract intend that the relationship between <br /> <br />Leroux Creek Water Users' Association <br /> <br />Page 8 of 13 <br /> <br />Loan Contract <br />
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