11 - Expansion of Property Assessed Clean Energy Program

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o Has at least three years' experience in business or industrial lending or commercial real estate lending (including multifamily lending), or has a lending officer that has at least three years' experience in business or industrial lending or commercial real estate lending; and o Can provide independent certification as to availability of funds; and All lenders must have the ability to carry out, either directly or through a servicer, the bookkeeping and customer service work necessary to manage the assessment accounts. Any lender can participate in the PACE program as long as it is a financially stable entity with the ability to carry out, either directly or through a servicer, the bookkeeping and customer service work necessary to manage the assessment accounts. The property owner, not the Local Government or the Authorized Representative, selects the lender. The Authorized Representative will not guarantee or imply that funding will automatically be provided from a third -party lender, imply or create any endorsement of, or responsibility for, any lender; or create any type of express or implied favoritism for any eligible lender. 9. Components of the PACE Program As required under Section 399.009 of the PACE Act, the following describes all aspects of the PACE Program: a. Map of Re,go,n, A map of the boundaries of the region included in the program is attached to this Report as Exhibit, 11. The region encompasses the Local Government limits. b. Form Contract with Owner. A form contract between the Local Government and the record owner of the Eligible Property is attached as Exhibit 2. It specifies the terms of the assessment under the PACE program and the financing to be provided by an Eligible Lender of the property owner's choosing. c. Form Contract with Lender. A form contract between the Local Government and the Eligible Lender chosen by a property owner is attached to this Report as Exhibit 3. It specifies the financing and servicing of the debt through assessments. Form Notice of Contractual Assessment Lien. A form Notice of Assessment Lien to be filed by the Local Government with the County Clerk is attached to this Report as Exhibit 4. d. Qualified Improvement. The following types of projects are qualified improvements that may be subject to contractual assessments under the PACE program: Projects that (a) involve the installation or modification of a permanent improvement fixed to privately owned commercial, 5