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 "Profit" means an entity's total revenue less its operating expenses, interest paid, depreciation, and taxes. "Profit" is synonymous with the term "net revenue." "Program" means the services to be provided pursuant to this Agreement. "Program" is used interchangeably with "Project." "Program Costs" means all Allowable Costs incurred by Grantee and the value of the contributions made by third parties in accomplishing the objectives of the Award during the Term of this Agreement. "Related Parties" has the meaning set forth in Financial Accounting Standards Board (FASB)Accounting Standards Codification (ASC)850-10-20. "SAM" has the same meaning as in 44 III.Admin.Code 7000.30. "State-issued Award" means the assistance that a grantee receives directly from a State agency. The funding source of the State-issued Award can be federal pass-through, State or a combination thereof. "State- issued Award"does not include the following: • contracts issued pursuant to the Illinois Procurement Code that a State agency uses to buy goods or services from a contractor or a contract to operate State government-owned,contractor-operated facilities; • agreements that meet the definition of"contract" under 2 CFR 200.1 and 2 CFR 200.331,which a State agency uses to procure goods or services but are exempt from the Illinois Procurement Code due to an exemption listed under 30 ILCS 500/1-10,or pursuant to a disaster proclamation,executive order, or any other exemption permitted by law; • amounts received for services rendered to an individual; • Cooperative Research and Development Agreements; • an agreement that provides only direct cash assistance to an individual; • a subsidy; • a loan; • a loan guarantee;or • insurance. "Illinois Stop Payment List" has the same meaning as in 44 III.Admin. Code 7000.30. "Unallowable Cost" has the same meaning as in 44 III.Admin.Code 7000.30. "Unique Entity Identifier"or"UEI" has the same meaning as in 44 III.Admin.Code 7000.30. ARTICLE II AWARD INFORMATION 2.1. Term.This Agreement is effective on 02/01/2025 and expires on 01/31/2027(the Term), unless terminated pursuant to this Agreement. 2.2. Amount of Agreement.Grant Funds must not exceed$2,918,000.00,of which$0.00 are federal funds.Grantee accepts Grantor's payment as specified in this ARTICLE. 2.3. Payment. Payment will be made as follows(see additional payment requirements in ARTICLE IV; additional payment provisions specific to this Award may be included in PART TWO or PART THREE): State of Illinois GRANT AGREEMENT FISCAL YEAR 2026 Page 4 of 43