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<br />'. "UPi3 <br />^h~bury Dam <br /> <br />(I- <br />oi,0 <br /> <br />\~;\ <br /> <br />. <br /> <br />lJt<.I',\K' MI.,,,,, I UK A(jIoI'oC\ :-.lllMHIoR <br />~~' "" 34 n' <br />'1.:" ",,"- <br />CON'I..^( I KOUTlNti NlIMBF_ <br />9'5lf' <br /> <br /> <br />PROJEC'F <br />CONTRACT <br />and Promissor Note <br />THIS CONTRACT. mad" .his /yb< day of <br />Slolt' of Colorado ror 1hl' use and ht'nefil or 1"1' Deparl nl or ., <br />(Colorado Water Conservation Board), <br />htreinaner ",r('l1'~d 10 as lht' Slalt'. ..nd "2 -.the t'lest Divide \Vatp-r Conservancv <br />DiGtrict, P. O. Box 1478, Rifle. CO 91650-147R. <br />hl'rrinafler reft'rrl'd 10 as thl' con1raclor /Contractor or Borrower. <br /> <br />$70,000 <br /> <br />19 9 J:.. . by and bt'lwl'l'n the <br />Natural Resources <br /> <br />WHEREAS. allfhorilY uisls in Ihe Law and Fund~ h:JVe ht'en budgeted. approprialed and otherwist madl' <br />ilnil.hle and a sufficient unencumbrred bill:mce lhereof remaim available for paymtnl in Fund /'IIumber 462 <br />Appr. No. ~. Org. Unit r!r!.., Contract Encumbrance No. (l/,Cj,359;)'" , <br />Program WTRC; and <br />WHEREAS. reltuirt"d appw\'al. c1earaiu:e ';lRd coordinalion ha!> been accomplished hom and wilh appropriale <br />.lIgeneies: IInd <br /> <br />WHEREAS, pursuant to the provisions of 37-60-119 and <br />37-60-120. Colorado Revi6ed Statute6. the State i6 authorized <br />to loan money [or the construction o[ water projects [or the <br />benefit of the people of the State provided that the Contractor <br />assure6 repayment of that money: and <br /> <br />WHEREAS. the Contractor is a duly constituted Water <br />Conservancy Di6trict in the State of Colorado and i.t wishes to <br />design and construct the Alsbury Dam. hereinafter: --sometimes <br />palled the project. for the benefit of the~propetty owners of <br />the District in Garfield County. ColBrado. at. ari e6timated cost <br />of One Hundred Forty Thousand '"Dollars "($140,000)'; and " <br />"',,;,,~ '" '. r <br />WHEREAS. the State now 'iiesi'r~s by this project contract to <br />loan money [or the construct.ion o[ said project upon mutually <br />agreeable terms and conditiol:'ll:~,'-, SUbject to the availa'bility of <br />funding for that purpose; and-!:' <br /> <br />WHEREAS. pursuant to the Contractor's powers. the <br />Contractor has authority to contract to borrow money. to incur <br />indebtedne6s. and to iS6ue bonds or other evidence of such <br />indebtedne6s. assuring repayment of the State according to the <br />terms of the contract; and <br /> <br />WHEREAS. pur6uant to section 1 of chapter 32. Ses6ion Laws <br />o[ Colorado 1967, as amended by Section ~4~.Renate Bill No, <br />B, 5, Firty-Seventh General Assembly, and'jlVl'> t'(fiQ!,'l'r~ended by <br />Section 1 of HB 91-1006, Fifty-Eighth Genlrr fi'l' As s"mb'ly , the <br />State has been authorized to loan seventl'J;jrh?uSand':6'~lars <br />($70.000) for construction of the project, '8 200! . <br />MF"',C ' <br />WHEREAS, the Contractor or Borro~ ~qq~tstands that thlS <br />Contract is also. a promi6sory note for the l.f-etfa~~7-rt~ of funds <br />loaned to the Borrower according to the terms se~~f6tth herein. <br /> <br />NOW THEREFORE. in consideration of the mutual and <br />dependent covenants herein contained. it is agreed by the <br />parties hereto as follows: <br /> <br />A. The Contractor agrees that it shall: <br /> <br />1. Employ an engineering firm (hereinafter referred to as <br />the Con6ultant) to prepare project plan6 and specifications for <br />the project. Both the Consultant and the project plans and <br />specifications must be approved in writing by the State before <br />construction on the project can commence. For purpose6 of thi6 <br />paragraph. "con6truction" include6 any real e6tate and water <br />rights acquisitions. <br /> <br />0194E <br /> <br />J95-5}()lo1014 <br /> <br />Pagt I orl.2... paF-es <br />