C150225 contract docs

• Contract/PO #: C150225
• Contractor Name: Lower Logan Well Users, Inc.
• Contract Type: Grant
• Loan Projects - Doc Type: Contract Documents

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GRANTEE: LOGAN WELL USERS
Contract No. C150225
Contract Amount $177,616
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Agency Name: Water Conservation Board
Agency Number PDA
Routing Number D� �,1J�1 vao LS
GRANT CONTRACT
THIS GRANT CONTRACT, made this September 1, 2006, by and befinreen the
State of Colorado for the use and benefit of the Department of Natural Resources,
Colorado Water Conservation Board, ("CWCB" or " STATE "), and Logan Well Users, Inc., a
Colorado nonprofit corporation (" GRANTEE ").
FACTUAL RECITALS
1. Authority exists in the law, and funds have been budgeted, appropriated and otherwise
made available and a sufficient unencumbered balance thereof remains available for
payment as follows: Fund Number 424, Organization YYYY, GBL L225, Appropriation
Code AED, Program WTRC, Object Code 5781, Contract Encumbrance No. C150225.
2. Required approval, clearance, and coordination have been accomplished from and with
appropriate agencies.
3. Senate Bill 02S-001 authorizes the CWCB to make loans and grants to agricultural
organizations for emergency drought-related water augmentation purposes from the
CWCB Severance Tax Trust Fund Perpetual Base Account, based on
recommendations from the Director of the CWCB, the State Engineer, the
Commissioner of Agriculture and the Executive Director of the Department of Natural
Resources. Such loans or grants may only be made if, pursuant to state or federal law,
any portion of Colorado has received emergency drought designation or a disaster
emergency been proclaimed due to drought.
4. Grantee submitted a grant application, dated March 1, 2006 ("Application"), to CWCB
for reimbursement of funds expended in connection with the lease and delivery of
augmentation water during 2005, in excess of normal years due to the drought,
described in Grantee's Application.
5. The APPLICATION was approved for funding, in accordance with the Agricultural
Emergency Drought Response Grant Guidelines/Procedures dated September 2004, in
the amount of $177,616 ("Grant") by the Director of the CWCB and the State Engineer
on August 29, 2006, after consulting with the Commissioner of Agriculture and the
Executive Director of the Department of Natural Resources. The Letter of Approval
and Grantee's letter is attached hereto as Appendix 1.
NOW THEREFORE, in consideration of the mutual and dependent covenants
contained herein, the parties agree as follows:
A. Grant of funds. CWCB hereby grants to the Grantee the sum of $177,616 as
reimbursement of costs expended by Grantee in connection with the expenditure of
funds in connection with the lease and delivery of water for augmentation purposes
during calendar year 2005. Upon receipt and approval by the CWCB of a statement of
Grant Contract No. C150225
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