10 - Property Assessed Clean Energy Program

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Perform closing verification reviews and schedule assessment transaction closings when all requirements are met. Such closing verification must include: • The report conducted by a qualified independent third -party reviewer of water or energy baseline conditions and the projected water or energy savings attributable to the project; • Such financial information about the owner and the property as the lender chosen by the owner deems necessary to determine that the owner has demonstrated the financial ability to fulfill the financial obligations to be paid through assessments; and All other information required by the Services Provider. Coordinate and take part in assessment transaction closings. Execute contracts under the Program as authorized on behalf of Local Government. Arrange for recordation of a Notice of Contractual Assessment Lien for each approved project in the Official Public Records of the county where the project is located; The Notice must contain: • Amount of the assessment; • The legal description of the property; The name of the property owner; and • A reference to the statutory assessment lien provided under the PACE Act Require independent post -closing third -party verification (by engineer or consultant retained by Applicant) that each project was properly completed and is operating as intended; and Collect and retain administration fees collected by lenders from owners that receive PACE financing. Management and Re ortin Manage communications with lenders regarding assessment servicing, payment, and default; Upon notification by a lender of an owner's default in payment of an assessment and the lender's compliance with the requirements of the Lender Contract on collection after default, notify the Local Government to enforce the assessment lien in accordance with law and the agreements between the parties; Receive and store owner reports on energy and water savings; Maintain the form contracts and make technical and conforming updates as necessary so long as the changes are consistent with the resolution to establish the PACE program and the statute. At the request of property owners, prepare annual notices of assessment to be issued by Local Government to the owners, stating the total amount of the payments due on each PROFESSIONAL SERVICES AGREEMENT PAGE 9