2021-007 - Evidencing the City's Intent to Establish a PACE Program

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PACE OWNER CONTRACT THIS PROPERTY ASSESSED CLEAN ENERGY ("PACE") OWNER CONTRACT ( "Owner Contract") is made as of the day of by and between the City of Paris, Texas ( "Local Government"), and. ("Property Owner" )• RECITALS A. The Property Assessed Clean Energy Act ( "PACE Act"), Texas Local Government Code Chapter 399, authorizes the governing body of a local government to establish a program and designate a region within the local government's jurisdiction within which an authorized representative of the local government may enter into written contracts with the record owners of commercial, industrial, agricultural, and large multifamily residential (5 or more dwelling units) real property to impose assessments on the property to finance the cost of permanent improvements fixed to the property intended to decrease water or energy consumption or demand. B. Local Government has established a program under the PACE Act pursuant to a dated , adopted by the (the "PACE Program"), and has designated ( "Authorized Representative ") as the representative authorized to enter into the Assessment, Owner Contract and Lender Contract described herein, and has designated the entire territory within the -.... m„ �m of jurisdiction as a region ( "Region ") within which the Authorized Representative and the record owners of such real property may enter into written contracts to impose assessments to repay the financing by owners of qualified improvements on the owner's property pursuant to the PACE Program. C. Property Owner is the legal and record owner of the qualified "real property," as defined in Section 399.002 of the PACE Act, within the Region located at Texas (the "Property"). D. Pursuant to Application number , Property Owner has applied to Local Government to participate in the PACE Program by installing or modifying on the Property certain permanent improvements which are intended to decrease water or energy consumption or demand, and which are or will be fixed to the Property as "qualified improvements," as defined in Section 399.002 of the PACE Act (the "Qualified Improvements"). The installation or modification of such Qualified Improvements on the Property will be a "qualified project" as defined in Section 399.002 of the PACE Act (the "Project"). Property Owner has requested that Local Government enter into this Owner Contract pursuant to the PACE Act and the PACE Program and has requested Local Government to impose an assessment (the "Assessment ") on the Property as set forth in the Notice Of Contractual Assessment Lien Pursuant To Property Assessed Clean Energy Act to be filed in the in the Official Public Records of [Larimer County], Texas (the "Notice of Contractual Assessment Lien"), a copy of which is attached hereto as Exhibit A and made a part hereof, to repay the financing of such Qualified Improvements. The Property, Report.Ex.2.Mode1 Owner Contract (City of Paris TX) 4843-1515-0812 v2.docx 3614567