C150087 Contract

• Contract/PO #: C150087
• Contractor Name: Cedar Mesa Ditch and Reservoir Company
• Contract Type: Loan
• Water District: 40
• County: Delta
• Bill Number: SPL
• Loan Projects - Doc Type: Contract Documents

endorsement, and proof of renewals of said insurance.
c. The CWCB shall not disburse any loan funds without evidence of said insurance coverage.
Throughout the life of this contract, the CWCB reserves the right to increase the above
amount of insurance.
B. PROJECT PROVISIONS
1. Construction Fund Program Procedures. During the compietion of the PROJECT the
BoRROwER shall adhere to the CWCB Construction Fund Program Procedures (Section 6), of the
Project Summary.
2. Eligible Expenses. The items for which the BoRROwER is eligible for loan disbursements are
listed in Eligibie Project Expenses (Section 7) of the Projec� Summary.
3. Loan Disbursements. The BoRROwER shall provide to the CWCB a report prior to each loan
disbursement that states the PRO�ECT tasks completed and the costs expended for that period.
The CWCB shall disburse loan funds in accordance with the Disbursement Schedule (Section 8)
of the Project Summary.
4. Time for PerFormance. The BORROWER recognizes that time is of the essence in the
performance of all of its obligations under this contract. Therefore, the BoRROwER shall complete
the PRO�ECT within the time specified in Time For Performance (Section 9) of the Project
Summary.
5. Indemnification By The Construction Firm. The BORROWER Shall require all Construction
Firms and their subcontractors to indemnify the CWCB and the BoRROwER against all liability and
loss, and against all claims and actions based upon or arising out of damage or injury, including
death, to persons or property, caused by any acts or omissions of those parties or sustained in
connection with the performance of any contract related to the PRO�ECr or by conditions created
thereby, or based upon any violation of any statute, ordinance, or regulation, and the defense of
any such claims or actions.
6. Liability Insurance During Construction. During construction of the PRO�ECT, the BoRROwER
shall require the construction firm(s) and any subcontractors to maintain the following insurance
coverage in the limits shown with a company that is satisfactory to the CWCB during the term of
their contracts for the construction of the PRO�ECr.
a. Builder's risk insurance for construction in progress for all perils of loss including fire, wind,
hail, and vandalism in an amount equal to the completed value of the PRO�ECT.
b. Worker's compensation and employer's liability insurance in the required statutory amounts.
c. Automobile liability insurance that includes coverage for all owned, non-owned and hired
vehicles with minimum limits of $1,OOQ,000 combined single limit for bodily injury and property
damage.
d. Commercial general liability insurance with minimum limits of $1,000,000 combined single limit
for each occurrence and $2,000,000 general aggregate. This insurance coverage shall
include products/completed operations and bodily injury/property damage.
Page 5 of 9 Cedar Mesa Ditch and Reservoir Loan Contract