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B. Consideratian <br />The Parties acknowledge that the mutual pmmises and covenants contained herein and other good and <br />valuable consideration are sufficient and adequate to suppart this Grant. <br />C. Parpose <br />The Water Supply Reserve Account provides money for grants and loans to comQlete water activities, <br />which are braadly defined and inetude water suppty and enviranmsntal projects andlor studies. This Grarrt <br />is to fund a fe�sibility study of multiple reservnir site optians including two potential new dam sites and the <br />enlar�ement of one existing dam in west Montrase County. <br />D. References <br />All references in this Grant to sections (whether spelled out or using the § symbol}, subsections, exhibits or <br />other aEtachments, are references to sections, subsections, eachibits or otfier attachments contained heroein ar <br />incorporated as a part her�of, unless otherwise noted. <br />4. DEFINITIONS <br />The follawing terms as used herein shali be consirued and interpreted as follows: <br />A. Budget <br />"Budget" means the budget for the Work describeci in E�ibit A. <br />B. Evatuation <br />"Evaluation" means the pracess of e�camining Grantee's Work and r�ting it based on criteria established in <br />§6 and Exhibit B, <br />C. Exhibits and ather Attachments <br />The following are attached hereto and incarparated by reference herein: Exhibir A(Statement af Work), <br />Exhibit B (Performance Monitaring), etc. <br />D. Goods <br />"Goods" means tangible material acquired, produced, or delivered by Grantee either separately or in <br />conjunctian with the Services Grante� renders hereunder. <br />E. Grant <br />"Grant" means this Grant, its terms and conditions, attached eachibits, documents 'sncorporated by reference <br />under the terms of this Grant, and any future modifying ageements, exhibits, atbachments or references <br />incorporated herein pursuant to Colorado State law, Fiscal Rules, and State Contmller Poticies. <br />F. Graet Fnnd$ <br />"Grant Funds" means available funds payable by the State to Grantee pursuant ta this Grazit. <br />G. Party or Pat�ties <br />"Party" means the State or Grantee and "Parties" means both the State and Grantce. <br />H. Program <br />"Progam" means the Water Suppty R�serve Account grant program that providss the fundin� for this <br />Grant. <br />I. Review <br />"Review" means examining Grantee's Work to ensure that it is adequate, accura�te, carect and in <br />accordance with the criteria estabtished in §6 and Exhibit A. <br />J. Services <br />"Services" means the required servioes to be pecformed by Grantee pursuant to this Grant. <br />K. Snbgrantec <br />"Subgrantee°° means third-parties, if any, engaged by Grantee to aid in performamce of its nbligations. <br />L. Wark <br />"Work" means the tasks and activities Grantee is required to perform to fulfill iks obligarions under this <br />Grant and Exhibit A including the perfarmance of the Services and d�livery of the Goods. <br />M. Work Prodnct <br />"WOi'�C PCOdUCt" means the tangible or intangible resatts of Grantee's Work, ine�uding, but not timited to, <br />software, research, reparts, studies, data, photographs, negatives or other finished or unfinished documents, <br />dr�wings, modets, surveys, maps, maCerials, or work product af any type, including drafts. <br />Page 2 of i 6 <br />