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THIS INSTRUMENT WAS PREPARED BY: <br /> RETURN TO: <br /> (THE ABOVE SPACE FOR RECORDER'S USE ONLY) <br /> [INSERT NAME OF VILLAGE/CITY/COUNTY/TOWN],ILLINOIS <br /> PACE PROGRAM <br /> ASSESSMENT CONTRACT <br /> THIS ASSESSMENT CONTRACT(this"Contract"),dated as of the Effective Date(as <br /> defined below), is by and between the [INSERT NAME], Illinois, a [village/city/county/town] <br /> duly organized and validly existing under the Constitution and the laws of the State of Illinois <br /> (the"Governmental Unit"),and the person or persons as the titleholder or owner of the beneficial <br /> interest set forth on Exhibit A (the"Record Owner") in the property described on Exhibit A (the <br /> "Property"). <br /> RECITALS <br /> WHEREAS, the Governmental Unit has conducted the proceedings required by Section <br /> 15 of the Property Assessed Clean Energy Act, 50 ILCS 50/1 et seq. (the"Act"), and established <br /> a property assessed clean energy program (the "PACE Program") within the jurisdictional <br /> boundaries of the Governmental Unit(the"PACE Area")to allow the financing or refinancing of <br /> certain "energy projects"(as defined in the Act), funded through the sale of bonds, subject to the <br /> Act or alternatively,through the sale of bonds pursuant to subsection(d)of Section 825-65 of the <br /> Illinois Finance Authority Act, 20 ILCS 3501/801-1 et seq. (the "Authority Act") and the Act, <br /> which bonds will be secured through the levy of certain special assessments pursuant to <br /> "assessment contracts" (as defined in the Act) on property (as defined in the Act) benefitted by <br /> such energy projects; <br /> WHEREAS, the Act provides that a "record owner" (as defined in the Act) of property <br /> within the PACE Area may apply to the Governmental Unit or its "program administrator" (as <br /> defined in the Act)to facilitate access to capital to provide funding for an energy project and that <br /> the Governmental Unit may enter into an assessment contract with a record owner of property to <br /> finance or refinance one or more energy projects on the property, which assessment contract <br /> 4877-0143-2067.2 <br />