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<br />(8) 2Bi linear feet of IS-inch CMP with coupling <br />and bar rack and concrete erosion pad for inlet to <br />eM? <br /> <br />(9) One concrete cutthroat flume. complete with <br />erosion mat <br /> <br />b. Coon Creek No.2 Dam <br /> <br />(1) 80+ cubic yards of excavation of the spillway <br />channel <br /> <br />(2) 20i square yards of rock erosion bars at <br />spillway inlet <br /> <br />(3) Bar and concrete erosion pad at the inlet to <br />the IS-inch CMP <br /> <br />(4) One wooden Cipoletti weir. complete with <br />erosion mat <br /> <br />15. Obtain and maintain general fire and hazard insurance <br />on the project in an amount not less than the outstandin9 <br />amount of the loan made by the State to the Contractor until <br />the Contractor has repaid the loan in full under the terms of <br />paragraph A.13. above. The State shall be the sole insured of <br />this policy. Contractor shall submit certificates of insurance <br />evidencing such insurance pOlicies upon the substantial <br />completion of the project and also notices of renewals of said <br />pOlicies as they occur. The outstanding loan amount payable to <br />the State shall be reduced in the amount of any payments made <br />to the State under this insurance coverage. If only a portion <br />of the outstanding loan amount is paid to the State under this <br />policy. the number of installment payments shall remain <br />unchanged; however. the amount of each payment shall be reduced. <br /> <br />16. Comply with the Construction Fund Program Procedures <br />attached hereto as Exhibit C and incorporated by reference <br />herein. <br /> <br />17. Comply with the provisions of section 37-60-120, <br />Colorado Revised Statutes, and any other applicable statutes, <br />procedures. requirements, rules. or regulations which the State <br />has. <br /> <br />18. Not sell. convey, assign. grant. transfer, mortgage. <br />pled?e, encumber. or otherwise dispose of the project or any <br />portlon thereof. so long as any of the annual installments <br />required by paragraph A.13. above remain unpaid. without the <br />prior written concurrence of the State. <br /> <br />B. Upon default in the payments herein set forth to be made by <br />the Contractor. or default in the performance of any covenant <br />or agreement contained herein. the State, at its option. may: <br />(a) declare the entire principal amount then outstanding <br />immediately due and payable; (b) for the account of <br />the Contractor. incur and pay reasonable expenses for repair, <br />maintenance, and operation of the project herein described and <br />such expenses as may be necessary to cure the cause of default; <br />(c) take possession. of the project, repair, maintain, and <br />operate or lease it; (d) act upon the security (described in <br />paragraph A.14. above) conveyed to the State; (e) take action- <br />to enforce paragraphs A.ll. and 13. above; and/or (f) take any <br />other appropriate legal action. All remedies described herein <br />may be simultaneously or selectively and successively <br />enforced. The provisions of this contract may be enforced by <br />the State at its option without regard to prior waivers by it <br />of previous defaults by the Contractor, through jUdicial <br />proceedings to require specific performance of this contract, <br />or by such other proceedings in law or equity as may be deemed <br />necessary by the State to ensure compliance with provisions of <br /> <br />Page ~ of 10 pages <br />