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PROJC01041
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PROJC01041
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Entry Properties
Last modified
7/14/2010 12:58:00 PM
Creation date
10/6/2006 12:17:14 AM
Metadata
Fields
Template:
Loan Projects
Contract/PO #
C153592
Contractor Name
West Divide Water Conservancy District
Contract Type
Loan
Water District
0
County
Garfield
Bill Number
SB 89-85
Loan Projects - Doc Type
Contract Documents
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<br />~v . <br /> <br />&,:l, !'l <br />~.., <br /> <br />. <br /> <br />incurred by the state as a result of the state's interest in <br />the project facilities and any other property identified in <br />paragraph A.I4. below. The Contractor shall maintain <br />comprehensive general liability insurance covering the <br />management. operation, and maintenance o( the project from the <br />time it accepts the constructed project as substantially <br />completed until it completes repayment to the State. in at <br />least the (ollowing amOullts: <br /> <br />a. For any injury to one person io any single <br />occurrence, the sum of One ~Iundred Fifty Thousand <br />Dollar6 ($150,000), <br /> <br />b. For any injury to two or moce persons in any <br />single occurrence, the sum of Four Hundred Thousand <br />Dollar6 ($400,000), <br /> <br />c. For any damage to property, the sum of Four <br />Hundred Thousand Dollars ($400.000) for each <br />occurrence. <br /> <br />Said general liability insurance shalf name the State <br />as a gg Lnatlr~d. A copy of a c~[ti[icate of said. <br />liability insurance must, be, filed' with ,the State, prior <br />to the start o( the operati~n of the project system, <br />Such certificate shalljbe incorporate4 her.etn as part <br />of this contract. . <br /> <br />" <br /> <br />6. Make the 5fHvices of saidr,project available within its <br />capacity to all persons in the C6~t[acto['s service area <br />without discrimination as to race, color. religion. or natural <br />origin at reasonable charges (including assessments. taxes. or <br />fees). whether (O( one or more classes of service. in <br />accordance with a schedule of such charges formally adopted by. <br />the Contractor th(ough its elected officers. as may be modified <br />from time to time. The initial rate schedule must be approved <br />in writing by the State before any such charges are initially <br />assessed. Thereafter. the Contractor may. subject to the <br />approval of the StiJte. make such modifications to ~ rate <br />schedule as the conrractor deems necessary to e~~~~~~ and <br />economic~ 1.1y p~ovide [or the (inancia 1 requirements} dr.f~!:~e(t::D <br />system. lncludlng repayment of the State. as lon9hZ? th"e '['a"eft <br />6chedule remains reasonable and non--discriminatory! /8 "'J <br />A~~ ?OO/ <br />9. Pursuant to its powers. adjust its ope-P~~~^_costs <br />and levy and colle~t taxes ~nd assessments from tim~~z5!~me, as <br />necessary. upon wrltten notlce from the State. to provla~l""" <br />sufficient funds (or adeqlJate operation and maintenance. c~- <br />emorgency repair sorvices. obsolescence reserves. and debt <br />~eserves. and to assure repayment of the project loan to the <br />$tate as provided herein. <br /> <br />10. Pursuant to State statutes. the Contractor has taken <br />~ll necessary actions consistent therewith to adopt an order or <br />(esolution authorizing the Contractor to contract this loan <br />debt and to pay the indebtedness. Such orders are attached <br />hereto as Exhibit A and inclllded herein. The Contractor, <br />through a majority vote of its Board of Directors, shall also <br />authorize the warranty deed security interest cequired by the <br />State in paragraph A.11. below. Such authorization shall be <br />attached hereto and incorpor~ted herein as E~hibit B. The <br />above conditions must be per[ormed by the contractor prior to <br />the State perform~nce under this contract. <br /> <br />11. Pursuant to State statutes. the Contractor, through its <br />Board of Directors. shall take all necessary actions consistent <br />therewith to levy assessments to raise suf[icient funds to pay <br />this contract loan debt in a timely manner and as required by <br />the terms and conditions herein to assure repayment of the <br />proje~t loan to the State. As security (or the loan to be made <br /> <br />Page 1 of !Q Pages <br />
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