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<br />: <br /> <br />provide for a two (2) year warranty of the Intercep:Ol" Line against defects in materials ~nd <br />worknun:ship. h add~tion, aU pay:nent and perfOfr.lanCe honds required for constl1lctio:l of the <br />Interceptor Line shall be i:~ an amcun~ not less than t1:e contract price set forth in tl~e <br />Construction Con:ract o:-dered by St. Vrab, and shall include a warranty bond in such amount as <br />determined by 81. V rain' 5 eng~neer to be app:-opr.:ate. T ri- Area shall be named as a dual obligee <br />on all such bonds and shar! be identified as a thi:d party beneficiary of the cO!ls:ruc:ion COl:tract. <br /> <br />1.5 Capacity of InccptOl' Line. It is agreec that the Interceptor Line wiE be sized to <br />meet the ?eak demands of and carryall wastewater. including but not lireited to all residential. <br />com~ercial and industrial wastewa:er flows that are projected to be generated at u!titnate build- <br />ou~ from within Tri-Area and that portion ofDacono Sanitation currer.tly selved by Tri-Area. <br />The Interceptor Line shall follow the aligll.'nent as generally depicted on the drawing which is <br />attached hereto as Exhibit A and incorporated herein by reference. It is agreed that the <br />Interceptor Line will be des:gned to flow by gravity. TIle diameter of the Interceptor Line shall <br />raIlge in size from 18 inches on its southerly begir.ning at the point of connection to Tri-Area <br />system and shall be 36 inches in size at its northerly terminus where it connects to :he St. Vrair.. <br />was~ewater collection system in Section 31, Township 3 North. Range 67 West of the 6th <br />Principal Meridian. <br /> <br />1.6 Points of Connection, The Interceptor Line shall connect to St. Vrair.'s <br />wastewater collection system and shall also connect to the Tn-Area wastewater collection system <br />at the points of connection generally depicted on Exlibit A. The point of connection to the Tri- <br />Area wastewater collection sys~em shall include all ma..'lholes and related appurtenances which <br />comprise the points of connection. The point of connection shall be owned. operated. <br />maintained, repaired and replaced by St. Vrain as necessary and in accordance with 81. Vrain's <br />engineering and maintenar.ce standards and specifications as the same now exist or may <br />hereafter be amended from time to time. <br /> <br />SECTION 2 <br />PAYMENT FOR INTERCEPTOR LINE <br /> <br />2.1 Payment Schedule. If Tri-Area does not become a part of St. Vraill as <br />contemplated by the Dissolution process prior to Lie time St. Vrain is ready to commit <br />construction ofthe interceptor, Tri-Area will pay the remaidng p011ion ofthe Contract Price <br />($3.719,823.00) in acco:-dance with the following schedule: <br /> <br />(a) 40% or $1.600.000.00 shall be paid within thirty (30) days after Tn-Area <br />receives written notification l!."1d confirmation that 81. Vrain has comp!eted design of the <br />Interceptor Line. solicited bids for the construction thereof, and is ready to award a contract for <br />construction of the Interceptor Line; and <br /> <br />(b) 40% or SI.600.000.00 shaH be paid within th~rty (30) days ofnotifica:ion <br />that St. Vrain has expended over $1,500.000 for the design and construction of the Interceptor <br />Line; and <br /> <br />(c) The balance of the con:ract price (estimated to be $520,000) shal! be paid <br />within thirty (30) days of notification of substantial cO:l1pletion ofLhe Interceptor i.ine. <br /> <br />4 <br />