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<br />',' <br /> <br />( .,:>" <br />\-:- 1 <br /> <br />J. The BORROWER owns and operates the Sandhill Ditch Recharge Project and sells recharge <br />water on an annual basis to the Groundwater Appropriators of the South Platte (GASP) pursuant to <br />an Agreement between the BORROWER and GASP entered into on March 20, 1975, hereinafter <br />referred to as BORRowERIGASP Agreement. <br /> <br />K. The STATE now desires, by this contract, to loan money to the BORROWER for this PROJECT <br />upon mutually agreeable terms and conditions, <br /> <br />NOW THEREFORE, in consideration of the mutual and dependent covenants contained, the <br />parties agree as follows: <br /> <br />A. The BORROWER agrees as follows: <br /> <br />1. Construction Fund Program procedures. The following items are procedures the BORROWER <br />shall follow durin9 the construction phase of the PROJECT rehabilitation, <br /> <br />a. The BORROWER shall employ an engineer, registered in the State of Colorado, hereinafter <br />referred to as the CONSULTANT, to prepare plans and specifications for the PROJECT. <br /> <br />b, The agreement between the BORROWER and the CONSULTANT and the plans and <br />specifications must be submitted to the CWCB staff for verification of compliance with the <br />terms of this contract prior to bid opening. Any modifications to the plans and specifications <br />must be approved in writing by the CWCB staff. <br /> <br />c, CWCB staff must be present at bid opening and must approve the award of the <br />construction contract. <br /> <br />d. The BORROWER shall contract for the cOnstruction of the work with responsible and capable <br />firms, hereinafter referred to as CONSTRUCTION FIRMS, which CONSTRUCTION FIRMS shall be <br />selected by the BORROWER and found acceptable by the CWCB staff before work under this <br />contract begins. <br /> <br />e. The BORROWER must provide copies of executed construction contract documents <br />consisting ofthe advertisement for bid, COntractor's proposal, construction contract, bid bond, <br />performance bond. payment bond, notice of award, notice to proceed, sample change order, <br />and sample field order. After CWCB staff verifies that these documents comply with the <br />terms of this contract, BORROWER may issue the notice to proceed to the CONSTRUCTION FIRMS. <br /> <br />f. The BORROWER shall conduct a pre-construction conference at which time the CWCB staff <br />shall have the opportunity to review and approve the construction schedule. <br /> <br />g, If the CWCB staff determines that the PROJECT requires a resident inspector during <br />construction. the BORROWER shall employ an inspector who has been approved by the CWCB <br />staff ' <br /> <br />h. The BORROWER shall construct the PROJECT in accordance with the approved plans and <br />specifications. <br /> <br />i. Upon completion of the PROJECT construction, the BORROWER shall provide as-built drawings <br />of the PROJECT to the CWCB staff. <br /> <br />South Platte Ditch Company <br /> <br />Page 2 of 11 <br /> <br />Loan Contract <br />