Laserfiche WebLink
<br />...~.- <br /> <br />....", <br /> <br />$ 3~QO <br />I~ ~ EMERGENCY <br />~ /- LOAN CONTRACT <br /> <br />,- <br />DEPARTMENT OF AGENCY NAME <br />~ater Conservation Board <br />DEPARTMENT OR AGENCY NUMBER <br />POA <br />ROUTING NUMBER q 'i ()S/ 5 <br /> <br />THIS CONTRAer. made this '$cf1 day of MAY <br />use and benefit of the Department of NATURAL RESOURCES <br /> <br />1994, by and between the State of Colorado for the <br /> <br />(COLORADO WATER CONSERVATION BOARD) , <br /> <br />hereinafter <br /> <br />referred to as the State, and <br /> <br />THE TOWN OF RANGELY <br /> <br />209 EAST MAIN, RANGELY CO 81648 <br /> <br />hereinafter referred to as the <br /> <br />Borrower. <br /> <br />I. WHEREAS, authority exists in the Law and Funds have been budgeted, appropriated and otherwise made available and a sufficient <br />unencumbered balance thereof remains available for payment in Fund Number':1;}/, Organization YYYY, Appropriation ~ Program tJTI?,L <br />. Object Code~~Contract Encumbrance Number: e-/53 (, 77 :,and <br />2. WHEREAS, required approval, clearance and coordination h~ve been ;l\ccomplished from and willi appropriate agencies; and <br /> <br />3. WHEREAS, pursuant to the provisions of: Sections 37-60-119 and 37-60-120, <br />Colorado Revised Statutes, the State is authorized to Joan money for the construction of <br />water projects for the benefit of the people of the State, provided that the Borrower assures <br />repayment of that money; and : . <br />~ &.> <'; ~. ~ <br /> <br />4. WHEREAS, in accordance with Section 37:60-122.6 C.R.S. , the State is authorized <br />.. , <br />to loan money from the Emergency Infrastructure Accoujlt for projects which it determines <br />are necessary to avoid unreasonable risk of injury d,cta.r.age to human health or well being <br />or to property or crops when the Colorado Water Co:ase~ation Board determines that the <br />emergency condition is not the result of negligence in th~ operation or maintenance of the <br />infrastructure; and ' <br /> <br />5. WHEREAS, an engineering inspection of the raw water intake for the Borrower's <br />water system determined that the foundation of the structure had failed, and that separation <br />of the discharge lines may occur, which would shut down the entire water supply for the <br />Town of Rangely; and <br /> <br />6. WHEREAS, the Colorado Water Conservation Board determined at their March 9, <br />1994 meeting that the conditions at the Town of Rangely raw water intake structure (which <br />is infrastructure owed by the Borrower) does constitute an emergency condition qualifying <br />for a loan from the Emergency Infrastructure Acc~unt; and <br /> <br />Page l of II Pages <br /> <br />r----,-- - ---- --~-~.. <br />f I" L . <br />~ ~..... I'" r 'I ). T\ "1'\ t <br />I ",' :~lAr,\"\J \ J. "I '. . <br />r - --- ------- - , i <br />: , <br />, <br />! i.__:'U:~..~. __ _.~ <br />. .r.' P~\ ;~l;)1 >\y <br />L--.~~~~ it' IF':~-if: <br />