R2025-274 Resolution Authorizing an Agreement with the Illinois Department of Commerce and Economic Opportunity for a Site Readiness Planning Grant for the Northeast Water Main Extension

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Agreement No. 25-912014 EXHIBIT A PROJECT DESCRIPTION Grantee must complete the Award Activities described on this Exhibit A,the Deliverables and Milestones listed on Exhibit B and the Performance Measures listed on Exhibit D within the term of this Agreement,as provided in Paragraph 2.1, herein. AUTHORITY: The Grantor is authorized to make this Award pursuant to 20 ILCS 605/605-55 and/or 20 ILCS 605/605-30. The purpose of this authority is as follows: To make and enter into contracts, including grants,as authorized pursuant to appropriations by the General Assembly. and/or to use the State and federal programs,grants, and subsidies that are available to assist in the discharge of the provisions of the Civil Administrative Code of Illinois. PROJECT DESCRIPTION: The intent of the Regional Site Readiness Program—Capital Ready grant program is to support infrastructure and other capital improvements on sites across the state to advance the site readiness of properties with industrial and manufacturing economic development potential.The Regional Site Readiness Program aims to better prepare sites for industrial development in all 10 Economic Development Regions in the state. Input from community leaders and economic development experts has raised the need for flexible funding to support infrastructure and other capital improvements related to preparing sites for future development.The purpose of the program is: • To support communities and landowners in their site readiness capital improvements. • To address financial barriers to construct infrastructure needed to make a site more readily developable. • To increase the number of sites ready for future industrial site development. • To better prepare sites in all 10 Economic Development Regions for future development. The Regional Site Readiness Grant Program will create a more comprehensive state-wide strategy that builds on prior experience establishing the Megasites Development Program and complements Intersect Illinois'existing Vetted Sites Program.The Megasites Development Program was intended to improve Illinois'competitive edge by increasing the number of large,attractive site locations for industrial development and address barriers to preparing sites for competitive site selection opportunities.To ensure geographic diversity of DCEO's site readiness dollars, project sites that received funding under the Megasites Development Grant Program or any previous megasites-related Notice of Funding Opportunities are not eligible sites for Regional Site Readiness Grants. Intersect's Vetted Sites Program identifies the top sites in Illinois based on a series of characteristics and provides site and infrastructure data for fast-moving projects.Sites designated as a Vetted Site were eligible to apply for Regional Site Readiness funding. Regional Site Readiness Capital Ready program requires a portion of the project costs to be matched by the Grantee,therefore the Grant funds will cover a portion of the total eligible capital expenses for the overall project. Approved match expenses for this Regional Site Readiness Capital Ready Grant Program can be retroactive to cover match activities conducted on or after July 23, 2024. State of Illinois GRANT AGREEMENT FISCAL YEAR 2026 Page 23 of 43