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<br />H. If the CWCB staff determines that the PROJECT requires a resident inspector during <br />construction, the BORROWER shall employ an inspector who has been approved by <br />the CWCB staff. ' <br />I. The BORROWER shall construct the PROJECT in accordance with the approved plans <br />and specifications. <br />J. Upon completion of the PROJECT construction, the BORROWER shall provide as-built <br />drawings of the PROJECT to the CWCB staff, or, if required by S 37-87-105, C.R.S., <br />the BORROWER shall provide the as-built drawings to the State Engineer's Office for <br />approval and filing. <br />K. Upon completion of the PROJECT construction, the BORROWER shall arrange a final <br />inspection for the CW CS staff. <br />L. The BORROWER shall pay all of the expenses related to the PROJECT when such bills <br />are due. ' <br />SECTION 9 - ELIGIBLE EXPENSES. The following items are eligible for loan disbursements. <br />A. Preparing final designs and specifications for the PROJECT. <br />B. Preparing bid and construction contract documents. <br />C. Preparing environmental assessment or environmental impact statements, and <br />otherwise complying with the Federal National Environmental Policy Act. <br />D. Complying with all federal, state, and local regulatory requirements, including the <br />obtaining of all required permits. <br />E. Fish and wildlife mitigation measur~!'l r~"l'iirE'd by federal, state, or locallavvs allJ <br />regulations. . <br />F. Actual construction as called for in the design documents and in change orders <br />approved by the CWCS and the BORROWER. ' <br />G. Engineering serVices for construction management, including design and <br />construction management for CWCS-approved change orders. <br />H. Interest during completion of the PROJECT pursuantto ParagraphA.2 herein. <br />I. Legal services for reviewing engineering services contracts, reviewing this Contract, <br />reviewing construction contract documents, and for complying with all federal, state, <br />and local regulatory requirements. <br />SECTION 10 - DISBURSEMENT SCHEDULE <br />The BORROWER shall prepare a periodic progress report which cOntains a statement <br />of the PROJECT costs expended for that period and shall forward said statement to <br />the CWCB. After receipt of the periodic progress report from the BORROWER, and <br />review and acceptance of the' items therein as eligible expenses as described <br />below, the CWCB will pay to the BORROWER the amount set forth in the report or <br />such portion that has been approved by the CWCB. Such payment shall be made <br />within thirty (30) days from the CWCB's approval of each progress report <br />SECTION 11 - TIME FOR PERFORMANCE <br />PROJECT Beginning: Upon Effective Date of this Contract <br />PROJECT Finish: 3 years from the Effective Date of this Contract <br /> <br />Page 3 of 3 <br />