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B. Consideration <br /> 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 /> in the amount of 500,000, is for the Source Water Supply Project,to be used to purchase water and provide <br /> the infrastructure to deliver raw water from the Animas-La Plata Project to Lake Durango Reservoir.The <br /> total project cost is estimated to be$3,000,000. The Grantee was also approved for a CWCB loan <br /> C150317 in an amount not to exceed$2,525,000 to assist with Project costs. <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,exhibits or other attachments contained herein or <br /> incorporated as a part hereof,unless otherwise noted. <br /> 4. DEFINITIONS <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 Exhibit A. <br /> B. Evaluation <br /> "Evaluation"means the process of examining Grantee's Work and rating it based on criteria established in <br /> §6 and Exhibit A. <br /> C. Exhibits and other Attachments <br /> The following are attached hereto and incorporated by reference herein: Exhibit A(Statement of Work and <br /> Budget)and Exhibit B(Performance Monitoring). <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 future modifying agreements,exhibits, attachments or references <br /> incorporated herein pursuant to Colorado State 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 examining Grantee's Work to ensure that it is adequate,accurate,correct and in <br /> accordance with the criteria established in§6 and Exhibit A and Exhibit B. <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 and Exhibit B, including the performance of the Services and delivery of the Goods. <br /> Page 2 of 16 <br />