Laserfiche WebLink
<br />" .' <br /> <br />. :'- ~ <br /> <br />" , <br /> <br />.\ <br /> <br />the principal amount provided by the state for the purpose of <br />partially funding the feasibility report for the rehabilitation <br />of the Handy (Welch) Darn West (No.1)) will be integrated with <br />the Contractor's repayment of the construction loan of the <br />project contract, which will be executed contemporaneously with <br />and immediately prior to the execution of this termination <br />contract. <br /> <br />NOW, THEREFORE it is hereby agreed that: <br /> <br />1. The feasibility report contract entered into betwee~ the <br />state and the Contractor on October 23, 1990 (attached as <br />Exhibit B and incorporated by reference herein), Contract <br />Encumbrance No. C-153586, is hereby terminated and the remaining <br />obligations of the state and the Contractor under the terms of <br />that contract are no longer enforceable. <br /> <br />2. The Contractor agrees to the following terms for the <br />repayment of the Six Thousand Dollars ($6,000), which represents <br />the principal amount provided by the State as partial financing <br />for the feasibility report under the terms of the feasibility <br />report contract: <br /> <br />a. The Six Thousand Dollars ($6,000) referred to above <br />will be added to that amount loaned to the Contractor <br />by the State under the project contract for the <br />rehabilitation of the Handy (Welch) Darn West (No.1). <br /> <br />b. The total amount described in paragraph 2.8. above <br />and interest for the full term will be repaid under the <br />terms of the project contract to be entered into <br />between the state and the Contractor. <br /> <br />J. This termination of the feasibility report contract will <br />not be effective until such time as a valid and enforceable <br />project contract containing the terms of paragraph 2. above is <br />in effect for the rehabilitation of the Handy (Welch) Darn West <br />(No.1) . <br /> <br />//. <br /> <br />",//// <br /> <br />/ <br /> <br />/ <br /> <br />/ <br />/ <br /> <br />/ <br />// <br />/ <br /> <br /> <br />Page 2 of ~ pages <br />