11 - Expansion of Property Assessed Clean Energy Program

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FORM PACE OWNER CONTRACT THIS PROPERTY ASSESSED CLEAN ENERGY ("PACE") OWNER CONTRACT including the attached exhibits ("Owner Contract") is made as of the day of -, ("Effective Date"), 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 privately owned commercial, industrial, 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 resolution dated _ , adopted by the City Council ("PACE Program"), and has designated Texas Property Assessed Clean Energy Authority, dba Texas PACE Authority as the representative of Local Government ("Authorized Representative") authorized to enter into the written contracts with the owners of such property and the providers of such financing described herein, and has designated the entire territory within the boundaries of the City of Paris, Texas as a region (the "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 owners' property pursuant to the PACE Program. C. Property Owner is/are the sole 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 ("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 real property records of Lamar, County, Texas (the "Notice of Contractual Assessment Lien"), to repay the financing of such Qualified Improvements. A copy of the Notice 1 v. 7 -AR -ONLY PACE Owner Contract