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<br />wli'retr".h~-t~een transrerred to the <br />DI~trict, nfe~nlted Slates shall have <br />the right tl1. .:lnter thel'tlin fo, the <br />purpose of ~maklng rt:]..>air~. or re. <br />pla.c:em,ents when, in the .opiniOll of <br />tIle Secretan', the Distri.H l1fl?- tailed <br />0.. is fa,llllL& to make nece!'sfLry re-, <br />p.ii.rs''._or: n:,placements. The co:;t' or I <br />such., work shall \)e borne solel~':- by <br />the,District. parment therefpr'shaH <br />be made to the United StateS artel"/ <br />tho';! work has been (;omp]~te<:t withln <br />[10 day!', ater statements of the ae. <br />tua] CO!;t, as dctennllled bJ.' the Sec. <br />retar,r. have lJeen rendered to the <br />D\stnct. <br /> <br />o <br />c:-, <br />~ <br />t..... <br />1-'" <br />~ <br /> <br />ment suhmltted to t/le DIRtr~cl by the I <br />Secretary not,. later than March L ot <br />the year In u-hlch payment Is dl1e.,...../~ <br />b-'<:12. COlllt of RrpQlr. ~';d ReJlIDCe~~ <br />1~lItll. Re...el"l'~'" Therc:tor. "~:-' '.-_' )1 <br />,:. (a) -Tile costs or aU revalrs and:~ <br />l'ep]acei~C11ts made lli..: COlinectl-6ri.:1 <br />n:.Vh the works rererrt'!'a..to,ln Artldtl.. <br />.Il !,a) shall b.e b0rne u$" thfl':priilecl- <br />Stfl.tc.~. Those made ~lli 'C'onnedion <br />\', ith (11(, works referrt'd to ill Artlcl"! <br />S .lJo! shall b", I,orne by the Di.':ltrICt.[ <br />lhl The Cf)~t~ or repair.'! and re- <br />;:';'i\,:(:men1..s mad", In crJTlTlectlon ,...\Ih <br />til",,,') proje"t \\"('1')01 cf:f~rr<2-r] to III i <br />ArLicl.. S tcl shall be borne ellll..llJy <br />1)\' the parti02f;l thereto; ant! t'a.:h I <br />1'~I'tj"'S share ('f the co~ts or such <br />l.epull.... alld r.;.-p]rl("",ment:i SlHl.II be <br />tre.tt~u as ojJ~r8..tioll and mai1ll""1 <br />n<l.nCfJ C',.,~t<; a,<:, J1I'OVlr]~d III ......n1c.ll..' <br />:1; pro'.luell, tJlat a reserv'! (und to <br />In,:et, ln~,!r".. or ext',a-H'ti\nary <.:,-,;:t,., <br />vf r~]Jnlrs 01' ['enla<::emenIs ~hall he <br />e>'tal)]i~hed, anu In the E:xtent au- <br />tJ,rn'iz"d by th€: S<::cretary, the :01:;- <br />trl(t',; .'>h8rE' e,!' ,;uch reprllr or l"e- <br />j..d,u:o>l11('nt '_'rJSI.'; :;hllll be met out of <br />s!Jc'h rllnds all ill tllO;: f,)llf)wing 111811- <br />Ilel" <br />Et.-ginning- with the second year <br />in tJH' ';1'.('.'1\a ,.er:o,i <]( (\;~"l"z.[i,:,,\\ I <br />oe.~cI"lIJefl in Al'tlcle 9, the Di.<:trit:t <br />'I-Ill jliJ.\' five tllll11"'a!l,1 dollar1> :In" <br />Iluallv C;II QI' hefol'e D""'oi:mber :ll 111[<", <br />a re':l'!rve runt! to tie maintained in I <br />n <;€:l'arat", ~('l:L_'1I11t by tll'! DI>,(lI'_ t <br />ill _-;lIC'h F-ocJeral depo;,it'.,r:r ill C(.lo. <br />rado a~ i'" satlsfactOl'y tt' the Se,'re-' <br />talT, :lrld 0n term,; !-;atlsfact')I'Y to, <br />Ilil11. until $50,1.100 is a'~L:ull1ulatp.d jn I <br />~al(1 r8"',"rV'" lullo ThE:r<2-alter, fllr- I <br />ther ~nllllal ch;p'J!;lts int.-, .'iairJ fLlnd, <br />I>hall h8 made Wllel1ever withclraw[ll~ I <br />I1ft'e rer]uc<=<l the fllnrj helow $;,(I,uOO, <br />alHj ulltil the fund hag been again <br />incr€a.,:!l;cJ to $51}.0'-JO; but ,;11<.::11 annual <br />dc'po.~lts ~hall in no event eX('t:en <br />$5,OO(J, <br />-rile Seel'dfll'Y, in hi,; dlscretiol1, <br />lllav d<:,tE'rmlne tv meet the cost "r <br />a Pl.utll'Ulal' l''''~'~llr or r<:placenH:nt, in <br />wh',I" 01' in ]Jart. WIth ac1vallce" 01' <br />othel' withdl'a" al'! frOI11 the reserve <br />IUIl<1. If (lelvallce!-o aI'''' determined Vr <br />tile 8('crIi'I~'rj' to l).;l l1e'~t'ssary, said <br />a,l\::;.n<.;e~ may r!03 l'equirl:'cJ to h~ m1Lde <br />t,.' lI1\:~ UnitEd 6tates In amounl.'1 <br />lIat te) eX<::e€d th8 e!>tilllat.,.-l CO~t or <br />tIle w'..r1.; to 1)<: oon€:, af; deterlllll1R'] I <br />t'r tht: S<::,~retan": pro\'id<=d tllat I'd-I <br />dttil'l1;'ll advances fr"ll1 th€ rl:'serv", <br />fUIlJ may be reCjuireu <1~ thl'! worl~ <br />\Jrogrrss",,, If. if' the opilllon 0f the [ <br />S~';rl:'la.l'Y, actual l'O~;t>l t1nefl.ten to <br />('x,~,.ell c>ltllnat"d co~t:;. <br />Aft"l' ('On1ld€tlon L'( -".lir1 repair or I <br />1'..Jlh,'~€:l1h'Jlt. the SeCl'l2tary shall <br />,..('I,(iu>JI\"\)I\' detel'mll18 the eo,:;t.\:l[ <br />t..ilert:ot and what pal't 'Jf the [ll!!- <br />Irlel'" ::;hnre of tile cost sllull 1J8 <br />o.;],<<I.t;",d.lgainSI '_h<:: re.':iel"V" fural f\.nd <br />II hlJ.l l'<il"t slndl iJe otIH,rwi:;e charged <br />te, tile Distrlc.t. Notice ot' thi~ de- <br />t"'l"llllrlatloll !>hall b~ given to the <br />DI_."trr~t within six I1lvl1th!::! of com- <br />pINion of the worl;:, and on the <br />h.-'t.~-<i<; Qf these: tl(,tf':rn,\na.tiu\".!:' tho,) <br />SeC'l"et~l1"\' shall slllJrnit a stato;:tnenl <br />trJ lhe District ~hr.lwing: (I) an~' t.al, <br />;J.nCtl due fl"lln the Disll'I<':t. .:"'ny ",uell <br />1o,11<tIl(e (\'le trOIll the Dlstl'lct ~h,l.ll <br />b,;! p::n',.hle, as tll~ Secretary mIlY <br />dil't'(.t: frcJnl the rt'st'rve fUlId or oth- <br />er lunds (If the District. (:::!l th'=! ex' <br />(;e:,!>, If ally, or auvallc":s fl'Om the <br />r.t:!-o~r\"J [ul,d O\'el' tll8- amount <br />chargeable thereto as aho\"8 pro-I <br />uclt:r.l. Such ex <.: <'>I>'. if any, !;hall bfOl <br />all obligatIon (of the Unitecl ~tates <br />to the Di:;trlct and sh:lll bt, ]H1.id to <br />the DistrJet \\-'hen apvrl)!-Jl"l::ltiOll!> are <br />R\'aila!Jlc t11el't::fc'r and :;11.:<11 bt' (\e- <br />pr..<;ited In tll(' resen'e fund, <br />In the ('\"ent the reSer\"e fund is <br />i11:,1Jfficip.rH lO Illllet the Distl"l,;t's <br />Sllal'e of the C0Sl (Ji." any re]..>all' .:>r <br />n"plaC8nll::llt 0r if the fund ha:;; b",en <br />'''';1011\' exhausted. ano if t.he Secre- <br />tary dct",rl11lll.,s th,u "uch (larticul<lr <br />rep::llr or fl;placelllCnt gllOllld not be <br />1.'Rld out of (UllaS a\"allable [or ordi- <br />nary (,peration and maintenance, the, <br />l'lIlted States ".i1J undertake the re'l <br />llairJ,ol" replac<':lllel\t, and the Dl,;trict <br />~.....'\~i1hrelmlJurse the UTlit.ed s.,.u'e." for I <br />.o~'e~ltalf the actual cost. thereof as <br />, det'ermined by th~ Ser:reta.ry on such <br />''1 tern~5~as: the S.-.crE:tary ni.~)~ .dI~9.c'L~ I <br />{cj \\'nh re:;}J.;;ct to any.'..... of tlfe <br />wol'l,!. ,jlO.,;~riL'erl In Artkle 8 ([) I <br /> <br />O'1'erhenll Expeolie. <br />13. In determining the costs or op_ <br />er<<lfng and maintaIning the proje<::t <br />\\,ol'ks descrit.eJ 1n ArtIcle 8 (c) and <br />tho:,e 1Il ArticlE: 8 (b} during opent.tioll <br />and mainten:llH.:e thereat' by United <br />States, there shall t.e Included as a- <br />part therE:(lf :.uc:h itElffiS lur adm.Lnis- <br />tration al1<i general t:xpense incurred <br />by the UJli,t~d States as are chargeable <br />to 8u<::11 \\'orks in the 0pinion of the <br />Secreta.r;j-'. <br /> <br />Definition 01 COl!ltlj <br />AI-t. 14, The C'l)nstructlon costs CO\"- I <br />erell b;j-" the pro\"I~lon!i vf thb eon tract <br />~hall b,,: ll.efin/::ll IlS l::mbra<.;lng all ex- II <br />jJendltllres ot wh:ctstoe\.t:r l,itld 'Jr na- <br />tlu'e in conIH'c..!lon With, grrJwillg uut <br />o( or r':>!'ulling front, the constructIon <br />or [he works, pl'u\-"icled C'Jr in An. -\ <br />111('ll1dlng, but not Illniced tJY tilL'll <br />enUtnUI'<<tLOn, tho.';e COBt!::! of labor, ma- <br />ter!al, ellUljlment, investIgatlons, en- <br />glne",rlnlS, legal works, ~ulleflntt':ll- <br />detl<..:~, aumitH5u'alioll, ov'::!rheau, rignts <br />or way, Ul'vP€:I'iy anti c1arnag<:-.s of all <br />kinos, pl'operl}" char!;eable thereto, ill. <br />the Ollllli(,n or tile Secrctar)'. <br /> <br />lUlulDlulU LC:'1'le. nod .4....UI~5:sIll(':nt.. <br />DJNI)O,.llIon 01 Excc:,", Revel1l1t'l!I. <br />15, .Anlluall~', commencing with the <br />initiation of the relJaymenr' periOd of <br />thia C'Jlltra<::t <l.B ~rovlded Ln the fi\"st I' <br />paragraph 'Jr Article 6, the Dlstnct <br />snail ll:~'}" not le!::!5 tllan one-mIll tax, <br />0n ]..>ropert)' withIn the DIstrict as au- <br />thorlzt'd by the Water COllservancy <br />Dl::ctrl<.::t Act or Colorado, Chap, 266, <br />St'~~don Laws of COloradQ, 1::1<1.; pro- <br />vldt::d. thal in the event a rel1aYlnent <br />p",r!')d b cummenced under Article 6, <br />priOI' to the dellver,r oC water under <br />this cuntract, le\'ies or one-halt mill <br />onl,r wlll be required tor such period. <br />Levies and as!!essment.\:l for water a.1_ <br />lot led by the DlSlrict for Use undoilr <br />contrsct or otherwl!:le, shall be maoe <br />Iln an amount Ilut"tic\ent, together with <br />the talC lev)' Clrst above prOVIded lor, <br />to m~et the District's oiJligal1ons to the <br />United Slaks unof;r U1/a contract as <br />th",y aCUl.le, but shall in no e.'ent boil <br />les~ than $1.50 ll,:>r acrb-Coot pel' an~ <br />nUIll f(.r water so allotted. It is t'ur-_ <br />tll.;:r undel.~tood and agl'eerj that the <br />District shall eXerci:;e IS full powers <br />und~r tht: yy'ater Conservancy DI;nrict <br />Ac.t of Colorado 10 produce the tunds <br />necE'&sary to meet in full its obllga- <br />tlOn~ ullder this CQntract. <br />It: the af':ore:lllE:lltlOned levleB and a.'l~ <br />Se~Slllen t!:5 produce, in any Year during <br />lhe l:onstruction repayment pel"lod, <br />mOl'", revenues than are ntlcessary for: <br />that :.rt:ar to me€:t: <br />(a) all payments to the UnIted <br />StRtes reqUIred oC the DIstrict In <br />or prior to that ~'ear by the terms <br />of thl!::! contract. <br />(b) tilt! payments required to be' <br />made uy the DistrIct to a'rand Coun- <br />ty b~" thig contract, and <br />(~) cost:;! and €:xpenses Incurred <br />U)' the Distnct In lis enUre opel'. <br />atlon cllargeaiJle to that year, as <br />cert i![ed to the Se'~retary by the <br />Board of Director!::! of the Di.sJr'lct,. 1 <br />the excess .shall be used first to:\\1cu~ <br />mulate and to main tam a fund"rlC:H .fo <br />exceed $100,000,00 a.t any 0na .'tfiri'a "to <br />be relalned by the District to' bt'! used <br />as a c011tlllgellt fund, but to he..urawn <br />on only with tht'! approval of the,:au. <br />thorlzed repre!>entatl\"e ot' the' Secr-e- <br />tar)". All adt]ltlOnal excess revenues <br />shall U(I paid to the United State"s to <br />, be In\'ested Rnd reInvested b}' the S~c- <br />roiltal'}' In Buch UnltEld States bonds as <br />man;)' be selected b~. the DIstr1ct~to he <br />deposited 'by thtl Secretary In e~crow <br />Wlth,:the Stlcretary of the; Treasury, <br />!"unqll,,8o Invested in bonds"IIl'eludlng I <br />Intere~~,'J~ccrulnG' thereto but less the <br />ooa~)ticldental to the e8cro\\', bli:i11 be, <br /> <br />-5- <br />