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The Parties acknowledge that the mutual promises and covenants contained herein and other good and <br />valuable consideration are sufficient and adequate to support this Grant. <br />C. Purpose <br />The Water Supply Reserve Account provides money for grants and loans to complete water activities, <br />which are broadly defined and include water supply and environmental projects and/or studies. This Grant <br />is for the Grand County Stream Management Plan, Phase III in the Colorado Basin. <br />D. References <br />All references in this Grant to sections (whether spelled out or using the § symbol), subsections, exhibits or <br />other attachments, are references to sections, subsections, e�►ibits or other attachments contained herein or <br />incorporated as a part hereof, unless otherwise noted. <br />4. DEFIlVITIONS <br />The following terms as used herein shall be construed and interpreted as follows: <br />A. Budget <br />"Budget" means the budget for the Work described in Ezhibit A. <br />B. Evatuation <br />"Evaluation" means the process of examining Grantee's Work and rating it based on criteria established in <br />§6 and Eahibit A. <br />C. Ezhibits and other Attac6ments <br />The following are attached hereto and incorporated by reference herein: Exhibit A. <br />D. Goods <br />"Goods" means tangible material acquired, produced, or delivered by Grantee either separately or in <br />conjunction with the Services Grantee renders hereunder. <br />E. Grant <br />"Grant" means this Grant, its terms and conditions, attached exhibits, documents incorporated by reference <br />under the terms of this Grant, and any fuhue modifying agreements, e�chibits, attachments or references <br />incorporated herein pursuant to Colorado Sta.te law, Fiscal Rules, and State Controller Policies. <br />F. Grant Funds <br />"Grant Funds" means available funds payable by the State to Grantee pursuant to this Grant. <br />G. Party or Parties <br />"Party" means the State or Grantee and "Parties" means both the State and Grantee. <br />H. Program <br />"Program" means the Water Supply Reserve Account grant program that provides the funding for this <br />Grant. <br />I. Review <br />"Review" means e�mining Grantee's Work to ensure that it is adequate, accurate, conect and in <br />accordance with the criteria established in §6 and Eahibit A. <br />J. Services <br />"Services" means the required services to be performed by Grantee pursuant to this Grant. <br />K. Sub-grantee <br />"Sub-grantee" means third-parties, if any, engaged by Grantee to aid in performance of its obligations. <br />L. Work <br />"Work" means the tasks and activities Grantee is required to perform to fulfill its obligations under this <br />Grant and Exhibit A., including the performance of the Services and delivery of the Goods. <br />M. Work Product <br />"Work Product" means the tangible or intangible results of Grantee's Work, including, but not limited to, <br />software, research, reports, studies, data, photographs, negatives or other finished or unfinished documents, <br />drawings, models, surveys, maps, materials, or work product of any type, including drafts. <br />5. TERM and EARLY TERIVIINATION. <br />Intial Term-Work Commencement <br />Page 2 of 15 <br />