20 - Intent to Establish the City of Paris Texas Property Assessed Clean Energy (PACE) Program

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suite with radio fluoroscopy, CT, MRI, ultrasound, EKG, PFT, and nuclear medicine. The hospital will feature the latest, state-of-the-art medical technology and equipment, all private suites with upscale room accommodations including custom flooring and trim, flat screen televisions, private baths, wireless internet and room service dining. The overall design concept will emphasize an atmosphere of hospitality, nurturing and safety throughout the hospital. Patient room design will provide distinct areas to accommodate patients' families and staff with an overall emphasis on safety. Staff areas are designed to allow for quick and easy access to patients throughout the hospital. The hospital is to be built on a developed lot in accordance with the requirements of the PACE Act. Additionally, City intends to establish infrastructure to broaden the PACE Program to other property owners within its boundaries, which may include delegation of authority and responsibility for administering the PACE Program to a qualified, third party administrator, which will further the goal of implementation the PACE Program on terms in a manner that minimizes the use of public funds or resources. SECTION 1. ELIGIBLE PROPERTIES. "Eligible Properties" include commercial, industrial, and multifamily residential properties with five or more dwelling units. Government, residential properties encompassing less than five units, and undeveloped property and property undergoing development at the time of the assessment are not Eligible Properties. The City PACE Program is a strictly voluntary program. While initially focused on the Pilot Project, City intends for financing under the PACE Program to eventually be available to all private -sector owners of Eligible Properties located within the City PACE Program. SECTION 2. QUALIFIED IMPROVEMENTS. PACE financing may be used to pay for permanent improvements intended to decrease water or energy consumption or demand, including a product, device, or interacting group of products or devices on the customer's side of the meter that use energy technology to generate electricity, provide thermal energy, or regulate temperature ("Qualified Improvements") to Eligible Properties. Under the PACE Act, products or devices that are not permanently fixed to real property are not considered to be Qualified Improvements. Typical examples of qualified improvements include: • HVAC upgrades; • High efficiency chillers, boilers, and furnaces; • High efficiency water heating systems; • Energy management systems and controls; • Renewable energy systems; Mechanical system modernization; High efficiency lighting upgrades; • Building enclosure/envelope improvements; • Water conservation systems; • Combustion and burner upgrades; -2-