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1. CDOT shall bill the local Agency on a monthly basis for direct costs incurred relative to <br />the project. Upon receipt of each bill from CDOT, the Local Agency will remit to CDOT <br />the amount billed no later than 30 days after receipt of the bill. Should the Local Agency fail <br />to pay moneys due CDOT within 30 days of demand or within such other period as may be <br />agreed between the parties hereto, the Local Agency agrees that at the request of CDOT, the <br />State Treasurer may withhold the amount from future apportionments due the Local Agency <br />from the Highway Users Tax Fund and to pay such funds directly to CDOT. Interim funds, <br />until CDOT is reimbursed, shall be payable from the State Highway Supplementary Fund <br />(400). <br /> <br />2. If the Local Agency fails to make timely payment to CDOT as required by this section <br />(within 45 days after the date of each bill), the Local Agency shall pay interest to CDOT at <br />a rate of one percent per month on the amount of the payment which was not made in a <br />timely manner, until the billing is paid in full. The interest shall accrue for the period from <br />the required payment date to the date on which payment is made. <br /> <br />VI. CDOT COMMITMENTS <br /> <br /> A. CDOT LIAISON <br /> <br />CDOT will provide liaison with the Local Agency through CDOT's Region Director, Region 4, 1420 <br />2nd Street, Greeley, Colorado, (970) 350-2101. Said Region Director will also be responsible for <br />coordinating CDOT's activities under this contract. All communications relating to the day-to-day <br />activities for the Work shall be exchanged between representatives of the State's Transportation <br /> <br />Region 4 and the Local Agency. Until changed <br />communications shall be addressed as follows: <br /> <br /> If to the State: <br /> Mr. Bob Sadighian, P.E. <br /> Professional Engineer <br /> CDOT Region 4 <br /> 4201 E. Arkansas Avenue, Room 404 <br /> Denver, Colorado 80222 <br /> (303) 757-9864 <br /> <br />by notice in writing, all such notices and <br /> <br /> If to the Local Agency: <br /> Mr. Thomas Phare <br /> Director of Public Works <br /> City of Louisville <br />-749 Main Street <br />Louisville, CO 80027 <br />(303) 666-6565 ext-450 <br /> <br /> <br />