17 - Establishing City of Paris Texas PACE - Property Assessed Clean Energy Program

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VTATE OF TEXAS COUNTYOF RECITALS I. 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. Unless otherwise expressly provided herein, all terms used herein have the same meanings ascribed to them in the PACE Act. II ....... a mm ("Local Government') has established a program under the PACE Act pursuant to a CE Prot ram' and has designated adopted by the ("Authorized resentative" as the g '), 000 ( Representative) representative authorized to enter into and enforce the Assessment, Owner Contract and Lender Contract described herein, and has designated the entire territory within the 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 11 III. PACE Program. .....,., ("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 hereto and made ' Texas, and g more fully described in Exlnbrt A attached he a part hereof (the "Property"). IV Property Owner has applied to Local Government to participate in the PACE Program by installing or modifying on the Property certain permanent improvements described in Exhibit B attached hereto and made a part hereof, 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. Property Owner has entered into a written contract (the "Owner Contract") with Local Government pursuant to the PACE Act and the PACE