PROJC00977 - Laserfiche WebLink

Home Browse Search

r '\ -,.* specified herein. The State agrees that nuring the pendency of this contract and as long as the Contractor is not in breach, it will allow the Contractor to ~e water represented by those water rights. JI'>U'.'l'~)IL'7k'IM:>. b. Convey any shares of stock in the Redlands Water and Power Company which are acquired by the Contractor during the pendency of this Contract to the State within thirty (30) days of their acquisition. At the completion of the contract. the State shall convey any such shares back to the Contractor. with no additional encumbrances other than those existing at the time of transfer to the State. However. in the event that the Contractor does not fulfill all of its obligations under this contract, it agrees that the State shall be entitled to any such shares and be able to sell or otherwise dispose of the shares in addition to other remedies specified herein. The State agrees that during the pendency of this Contract and as long as the Contractor is not in breach, it will allow the Contractor to use the water represented by any such shares. 8. Permit periodic inspection of the project by authorized representatives of the State during and after construction. 9. Without expense to the State, manage, operate, and maintain the project system continuously in an efficient and economical manner, and assume all legal liability for such management, operation, and maintenance. The Contractor agrees to indemnify and hold the State harmless from any liability to the extent permitted by law as a result of the State's ownership of the project facilities identified in paragraph 6 above. The Contractor shall maintain general liability insurance covering the management, operation, and maintenance of the project system until it has completed purchase of the project system from the State in at least th~ following amounts: a. For any injury to one person in any single occurrence, the sum of One Hundred Fifty Thousand Dollars ($150,000). b. For any injury to two or more persons in any single occurrence, the sum of Four Hundred Thousand Dollars ($400,000). Said liability insurance shall name the State as a co-insured. A copy of a certificate of said liability insurance must be filed with the Colorado Water Conservation Board prior to ~he start of the operation of the proJ'ect system. /', 10. Make the services of said project available within its capacity to all persons in the Contractor's service area without discrimination as to race, color, religion, or natural origin. The rate schedule for 1984 shall be: a. User fee $300 per year per residence $204 per year per multi-family unit b. Standby fee - $32 per month per lot equivalent c. Hookup fee $200 + per tap. That for the years commencing January 1, 1985, and thereafter, the Contractor anticipates reducing the above fees to ~150 per year per Single-family residential unit and $102 per year for mUlti-family residential unit. The Contractor Page 4 of 10 pages ,