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<br />DllgAB'J:'I'!ENT 'OR ..' ",.,.',...AGENCli
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<br />$1,273,000 loan
<br />
<br />PROJECT CONTRACT
<br />
<br />THIS CONTRACT is made this ~ day of '-1l~ (lh 1994, by and
<br />between the state of Colorado for the use a benefit of the
<br />Department of Natural Resources (Colorado Water Conservation
<br />Board), hereinafter referred to as the State, and the Town of
<br />Hudson and the Hudson Water Fund Enterprise, P.O. Box 351, HUdson,
<br />Colorado, 80642, hereinafter referred to as the Contractor or
<br />Borrower.
<br />
<br />WHEREAS, authority exists in the Law and Funds have been
<br />budgeted, appropriated and otherwise made available and a
<br />sufficient unencumbered balance thereof remains available for
<br />payment in Fund Number 424 , Appropriation 444 ,Organization
<br />YYYY , Program WTRC, Contract Encumbrance Number, L/33~t3 ; and
<br />
<br />WHEREAS, required approval, clearance and coordination has
<br />been accomplished from and with appropriate agencies; and
<br />
<br />WHEREAS, pursuant to the provisions of ~37-60-119, Colorado
<br />Revised Statutes, the State is authorized to loan and grant money
<br />for the construction of water projects for the benefit of the
<br />people of the State of Colorado; and
<br />
<br />WHEREAS, the Town of Hudson is a statutory town in Weld County
<br />in the State of Colorado; and
<br />
<br />WHEREAS, pursuant to C.R.S. ~ 37-45.1-101 et seq., the
<br />Northern Colorado Water Conservancy District, hereinafter referred
<br />to as NCWCD or the District, organized the Northern Colorado Water
<br />Conservancy District - Southern Water Supply Project Activity
<br />Enterprise, hereinafter referred to as the SWSP Enterprise, as a
<br />government-owned business within the meaning of Article X, Section
<br />20(2) (d), of the Colorado Constitution, by resolution of the NCWCD
<br />Board of Directors dated August 13, 1993 and attached hereto as
<br />Appendix A; and
<br />
<br />WHEREAS, the SWSP Enterprise is developing the Southern Water
<br />Supply Project, hereinafter referred to as the Project, which
<br />consists of modifications to the existing Carter Lake Dam No. 1
<br />outlet Works and replacement of a portion of the st. Vrain Supply
<br />Canal and related work, together with pipeline segments to deliver
<br />raw water from existing water supplies available at Carter Lake to
<br />the city of Broomfield and planned connecting pipelines to deliver
<br />
<br />Page 1 of 12 pages
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