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State of Washington Department of Ecology <br />Agreement No: WQC-2022-EverPW-00085 <br />Project Title: Water Quality Treatment at 3rd Avenue SE <br />Recipient Name: City of Everett <br />Funding Distribution Summary <br />Recipient / Ecology Share <br />Page 20 of 44 <br />Funding Distribution Name <br />Recipient Match % <br />Recipient Share <br />Ecology Share <br />Total <br />SFAP <br />25.00 % <br />$ 238,250.00 <br />$ 714,750.00 <br />$ 953,000.00 <br />Total <br />$ 238,250.00 <br />$ 714,750.00 <br />$ 953,000.00 <br />AGREEMENT SPECIFIC TERMS AND CONDITIONS <br />N/A <br />SPECIAL TERMS AND CONDITIONS <br />SECTION 1: DEFINITIONS <br />Unless otherwise provided, the following terms will have the respective meanings for all purposes of this agreement: <br />"Administration Charge" means a charge established in accordance with Chapter 90.50A RCW and Chapter 173-98 WAC, <br />to be used to pay Ecology's cost to administer the State Revolving Fund by placing a percentage of the interest earned in an <br />Administrative Charge Account. <br />"Administrative Requirements" means the effective edition of ECOLOGY's Administrative Requirements for Recipients of <br />Ecology Grants and Loans at the signing of this agreement. <br />"Annual Debt Service" for any calendar year means for any applicable bonds or loans including the loan, all interest plus all <br />principal due on such bonds or loans in such year. <br />"Average Annual Debt Service" means, at the time of calculation, the sum of the Annual Debt Service for the remaining years <br />of the loan to the last scheduled maturity of the loan divided by the number of those years. <br />"Acquisition" means the purchase or receipt of a donation of fee or less than fee interests in real property. These interests <br />include, but are not limited to, conservation easements, access/trail easements, covenants, water rights, leases, and mineral <br />rights. <br />"Centennial Clean Water Program" means the state program funded from various state sources. <br />"Contract Documents" means the contract between the RECIPIENT and the construction contractor for construction of the <br />project. <br />"Cost Effective Analysis" means a comparison of the relative cost -efficiencies of two or more potential ways of solving a water <br />quality problem as described in Chapter 173-98-730 WAC. <br />"Defease" or "Defeasance" means the setting aside in escrow or other special fund or account of sufficient investments and <br />money dedicated to pay all principal of and interest on all or a portion of an obligation as it comes due. <br />"Effective Date" means the earliest date on which eligible costs may be incurred. <br />"Effective Interest Rate" means the total interest rate established by Ecology that includes the Administrative Charge. <br />"Estimated Loan Amount" means the initial amount of funds loaned to the RECIPIENT. <br />"Estimated Loan Repayment Schedule" means the schedule of loan repayments over the term of the loan based on the <br />Estimated Loan Amount. <br />"Equivalency" means projects designated by ECOLOGY to meet additional federal requirements. <br />"Expiration Date" means the latest date on which eligible costs may be incurred. <br />"Final Accrued Interest" means the interest accrued beginning with the first disbursement of funds to the RECIPIENT through <br />Template Version 12/10/2020 <br />