Common use of Establish C-PACE Assessments and Assessment Units Clause in Contracts

Establish C-PACE Assessments and Assessment Units. (1) With respect to each C-PACE Assessment placed on a parcel of Participating Property, the District shall determine the amount of the C-PACE Assessment and establish the appropriate special assessment units and specify the method of calculating the C-PACE Assessment for each Participating Property. The District’s Board of Directors shall approve the specifics of the applicable C- PACE Assessment including, without limitation, the amount of the C-PACE Assessment, term, interest rate and repayment dates, which approval shall be set out in an assessing resolution (a “Resolution”). In no event shall the amount of any C-PACE Assessment exceed the value of (a) the special benefit provided to the Participating Property, or (b) the Participating Property, as provided in C.R.S. § 32- 20-106(1). Costs incurred for any property not approved to participate may not be included in a certified assessment roll. (2) The District shall cause to be prepared and certified under the District’s corporate seal to the County Treasurer annually no later than December 1st of each year a District assessment roll for each Participating Property in a form determined by the District and acceptable to the County Treasurer. Such assessment roll shall specify for the Participating Property to which it pertains the amount of each installment of principal and interest (if the C-PACE Assessment is payable in installments), provided that each installment will become due on the date or dates that the Participating Property taxes are payable under C.R.S. Section 39-10- 104.5(2) (which states in part “property taxes may be paid in full or in two equal installments, the first such installment to be paid on or before the last day of February and the second installment to be paid no later than the fifteenth day of June.”), and C.R.S. 39-10-104.5(3)(b) (which states in part “if the full amount of the of taxes is paid in a single payment on or before the last day of April, then no delinquent interest shall accrue on any portion of the taxes.”), and the date on which the assessment is expected to be satisfied in full. Once the C-Pace Assessment roll for each participating property is certified to the County Treasurer, the Assessment installments become part of the property tax on each participating property and payment will be collected as required by C.R.S. 39-10-104.5(2) and C.R.S. 39-10- 104.5(3)(b).

Establish C-PACE Assessments and Assessment Units. (1) With respect to each C-PACE Assessment placed on a parcel of Participating Property, the District shall determine the amount of the C-PACE Assessment and establish the appropriate special assessment units and specify the method of calculating the C-PACE Assessment for each Participating Property. The District’s Board of Directors shall approve the specifics of the applicable C- C-PACE Assessment including, without limitation, the amount of the C-PACE Assessment, term, interest rate and repayment dates, which approval shall be set out in an assessing resolution (a “Resolution”). In no event shall the amount of any C-C- PACE Assessment exceed the value of of: (a) the special benefit provided to the Participating Property, or (b) the Participating Property, as provided in C.R.S. § 32- 32-20-106(1). Costs incurred for any property not approved to participate may not be included in a certified assessment roll. (2) The District shall cause to be prepared and certified under the District’s corporate seal to the County Treasurer annually no later than December 1st of each year a District assessment roll for each Participating Property in a form determined by the District and acceptable to the County Treasurer. Such assessment roll shall specify for the Participating Property to which it pertains the amount of each installment of principal and interest (if the C-PACE Assessment is payable in installments), provided that each installment will become due on the date or dates that the Participating Property taxes are payable under C.R.S. Section 39-10- 10-104.5(2) (which states in part “property taxes may be paid in full or in two equal installments, the first such installment to be paid on or before the last day of February and the second installment to be paid no later than the fifteenth day of June.”), and C.R.S. 39-10-104.5(3)(b) (which states in part “if the full amount of the of taxes is paid in a single payment on or before the last day of April, then no delinquent interest shall accrue on any portion of the taxes.”), and the date on which the assessment is expected to be satisfied in full. Once the C-Pace Assessment roll for each participating property is certified to the County Treasurer, the Assessment installments become part of the property tax on each participating property and payment will be collected as required by C.R.S. 39-10-104.5(2) and C.R.S. 39-10- 10-104.5(3)(b).

Establish C-PACE Assessments and Assessment Units. (1) With respect to each C-PACE Assessment placed on a parcel of Participating Property, the District shall determine the amount of the C-C- PACE Assessment and establish the appropriate special assessment units and specify the method of calculating the C-PACE Assessment for each Participating Property. The District’s Board of Directors shall approve the specifics of the applicable C- PACE Assessment including, without limitation, the amount of the C-PACE Assessment, term, interest rate and repayment dates, which approval shall be set out in an assessing resolution (a “Resolution”). In no event shall the amount of any C-PACE Assessment exceed the value of (a) the special benefit provided to the Participating Property, or (b) the Participating Property, as provided in C.R.S. § 32- 2032-20- 106(1). Costs incurred for any property not approved to participate may not be included in a certified assessment roll. (2) The District shall cause to be prepared and certified under the District’s corporate seal to the County Treasurer annually no later than December 1st of each year a District assessment roll for each Participating Property in a form determined by the District and acceptable to the County Treasurer. Such assessment roll shall specify for the Participating Property to which it pertains the amount of each installment of principal and interest (if the C-C- PACE Assessment is payable in installments), provided that each installment will become due on the date or dates that the Participating Property taxes are payable under C.R.S. Section 39-10- 10-104.5(2) (which states in part “property taxes may be paid in full or in two equal installments, the first such installment to be paid on or before the last day of February and the second installment to be paid no later than the fifteenth day of June.”), and C.R.S. 39-10-104.5(3)(b) (which states in part “if the full amount of the of taxes is paid in a single payment on or before the last day of April, then no delinquent interest shall accrue on any portion of the taxes.”), and the date on which the assessment is expected to be satisfied in full. Once the C-Pace Assessment roll for each participating property is certified to the County Treasurer, the Assessment installments become part of the property tax on each participating property and payment will be collected as required by C.R.S. 39-10-104.5(2) and C.R.S. 39-10- 10-104.5(3)(b).

Establish C-PACE Assessments and Assessment Units. (1) With respect to each C-PACE Assessment placed on a parcel of Participating Property, the District shall determine the amount of the C-PACE Assessment and establish the appropriate special assessment units and specify the method of calculating the C-PACE Assessment for each Participating Property. The District’s Board of Directors shall approve the specifics of the applicable C- C-PACE Assessment including, without limitation, the amount of the C-PACE Assessment, term, interest rate and repayment dates, which approval shall be set out in an assessing resolution (a “Resolution”). In no event shall the amount of any C-C- PACE Assessment exceed the value of of: (a) the special benefit provided to the Participating Property, or (b) the Participating Property, as provided in C.R.S. § 32- 32-20-106(1). Costs incurred for any property not approved to participate may not be included in a certified assessment roll. (2) The District shall cause to be prepared and certified under the District’s corporate seal to the County Treasurer annually no later than December 1st of each year a District assessment roll for each Participating Property in a form determined by the District and acceptable to the County Treasurer. Such assessment roll shall specify the annual C-PACE Assessment for the Participating Property to which it pertains provided that the amount of each installment of principal and interest (if the annual C-PACE Assessment is payable in installments), provided that each installment will become due on the date or dates that the Participating Property taxes are payable under C.R.S. Section 39-10- 10-104.5(2) (which states in part “property taxes may be paid in full or in two equal installments, the first such installment to be paid on or before the last day of February and the second installment to be paid no later than the fifteenth day of June.”), and C.R.S. 39-10-104.5(3)(b) (which states in part “if the full amount of the of taxes is paid in a single payment on or before the last day of April, then no delinquent interest shall accrue on any portion of the taxes.”), and the date on which the assessment is expected to be satisfied in full. Once the C-Pace PACE Assessment roll for each participating property Participating Property is certified to the County Treasurer, the annual C-PACE Assessment installments become part of shall be collected with the property tax on each participating property Participating Property and payment will be collected as required by C.R.S § 32-20-106(5), C.R.S. § 39-10-104.5(2) and C.R.S. § 39-10- 10-104.5(3)(b).

Establish C-PACE Assessments and Assessment Units. (1) With respect to each C-PACE Assessment placed on a parcel of Participating Property, the District shall determine the amount of the C-PACE Assessment and establish the appropriate special assessment units and specify the method of calculating the C-PACE Assessment for each Participating Property. The District’s Board of Directors shall approve the specifics of the applicable C- C-PACE Assessment including, without limitation, the amount of the C-PACE Assessment, term, interest rate and repayment dates, which approval shall be set out in an assessing resolution (a “Resolution”). In no event shall the amount of any C-PACE Assessment exceed the value of of: (a) the special benefit provided to the Participating Property, or (b) the Participating Property, as provided in C.R.S. § 32- 20-106(1). Costs incurred for any property not approved to participate may not be included in a certified assessment roll. (2) The District shall cause to be prepared and certified under the District’s corporate seal to the County Treasurer annually no later than December 1st of each year a District assessment roll for each Participating Property in a form determined by the District and acceptable to the County Treasurer. Such assessment roll shall specify the annual C-PACE Assessment for the Participating Property to which it pertains the amount of each installment of principal and interest (if the C-PACE Assessment is payable in installments),, provided that each installment installmentthe annual C-PACE Assessment will become due on the date or dates that the Participating Property taxes are payable under C.R.S. Section 39-10- 104.5(2) (which states in part “property taxes may be paid in full or in two equal installments, the first such installment to be paid on or before the last day of February and the second installment to be paid no later than the fifteenth day of June.”), and C.R.S. 39-10-104.5(3)(b) (which states in part “if the full amount of the of taxes is paid in a single payment on or before the last day of April, then no delinquent interest shall accrue on any portion of the taxestaxes .”), ”), and the date on which the assessment is expected to be satisfied in full. Once the C-Pace Assessment roll for each participating property propertyParticipating Property is certified to the County Treasurer, the annual C-PACE Assessment installments become part of ofshall be collected with the property tax on each participating property propertyParticipating Property and payment will be collected as required by C.R.S. § 32-20-106(5), C.R.S. § 39-10-104.5(2) )), and C.R.S. § 39-10- 10-104.5(3)(b).