Assessment and Financing Agreement for Project. The District and the party providing the financing (the “Capital Provider”) may enter into an Assessment and Financing Agreement with the owner of Participating Property (the “Assessment & Financing Agreement”). The Assessment & Financing Agreement shall clearly state the amount of the C-PACE Assessment to be levied against the Participating Property. The District and the Capital Provider shall disclose to the property owner the costs and risks associated with participating in the C-PACE program, including risks related to the failure of the property owner to pay the C-PACE Assessment provided for in the Assessment & Financing Agreement. The District and the Capital Provider shall disclose to the property owner the effective interest rate on the C-PACE Assessment, including program application and other fees and charges imposed by the District to administer the C-PACE Program, fees charged by the Treasurer for collection, as well as any fees charged by the Capital Provider, and the risks associated with variable interest rate financing, if applicable. The property owner must be informed that each New Energy Improvement, regardless of its useful life, will be bundled with other such improvements on the Participating Property for purposes of assessment and paid for over the assessment term.
Assessment and Financing Agreement for Project. The party providing the financing (the “Capital Provider”) may enter into an Assessment and Financing Agreement with the owner of Participating Property (the “Assessment & Financing Agreement”). The Assessment & Financing Agreement shall clearly state the amount of the Voluntary Energy Assessment to be levied against the Participating Property. OED and the Capital Provider shall disclose to the property owner the costs and risks associated with participating in the C-PACE District, including risks related to the failure of the property owner to pay the Voluntary Energy Assessment provided for in the Assessment & Financing Agreement. The Capital Provider shall disclose to the property owner the effective interest rate on the Voluntary Energy Assessment, including other fees and charges imposed by OED to administer the C-PACE District as well as any fees charged by the Capital Provider. The property owner must be informed that each Eligible Improvement, regardless of its useful life, may be bundled with other such improvements on the Participating Property for purposes of assessment and paid for over the assessment term.
Assessment and Financing Agreement for Project. The party providing the financing (the “Capital Provider”) may enter into an Assessment and Financing Agreement with the owner of the Qualifying Commercial Real Property (the “Assessment & Financing Agreement”). The Assessment & Financing Agreement shall clearly state the amount of the voluntary Benefit Assessment to be levied against the Qualifying Commercial Real Property. DESEU and the Capital Provider shall disclose to the property owner the costs and risks associated with participating in the C-PACE Program, including risks related to the failure of the property owner to pay the voluntary Benefit Assessment provided for in the Assessment & Financing Agreement. The Capital Provider shall disclose to the property owner the effective interest rate on the voluntary Benefit Assessment, including other fees and charges imposed by DESEU to administer the C-PACE Program as well as any fees charged by the Capital Provider or the County. The property owner must be informed that each Qualifying Energy Improvement, regardless of its useful life, may be bundled with other such improvements on the Qualifying Commercial Real Property for purposes of assessment and paid for over the assessment term.
