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d. The Governmental Unit hereby creates a PACE area for the Illinois Finance <br /> Authority PACE Program that shall be coterminous with the entire corporate limits of the <br /> Governmental Unit(the"PACE Area") for the benefit of a statewide, open market. <br /> e. The C-PACE Open Market Initiative has prepared the report of the Illinois <br /> Finance Authority PACE Program attached hereto as Exhibit A (as amended, <br /> supplemented, or modified from time to time by the PACE Area Administrator, the <br /> "Program Report")in conformity with the PACE Act, setting forth, inter alfa,the types of <br /> PACE Projects that may be financed or refinanced, or interim financed pursuant to this <br /> Ordinance. The Program Report is hereby incorporated by reference thereto and made a <br /> part hereof. The Governmental Unit hereby approves the Program Report. The Program <br /> Report shall be made available for public inspection by the Governmental Unit in a manner <br /> deemed prudent in its sole discretion and shall be posted and reasonably made available at <br /> all times by the Illinois Finance Authority PACE Program on the following website: <br /> www.IFApace.com. The PACE Area Administrator shall provide the Governmental Unit <br /> at least thirty (30) calendar days prior written notice of the effective date of any <br /> amendment, supplement, or modification of the Program Report. <br /> Section 4. No Public Hearing; Program Established. The Governmental <br /> Unit hereby finds that no public hearing shall be required in connection with the adoption or <br /> amendment of the Illinois Finance Authority PACE Program and hereby establishes the Illinois <br /> Finance Authority PACE Program in accordance with this Ordinance and the Program <br /> Report. <br /> Section 5. Assessment Contracts and Assignment Agreements. <br /> a. The Governmental Unit shall impose an assessment only pursuant to the terms <br /> of a recorded assessment contract with the record owner of the property to be assessed,the <br /> form of which shall be in substantially the form of Appendix A to the Program Report <br /> (each,an"Assessment Contract").The form of Assessment Contract enclosed as Appendix <br /> A to the Program Report is hereby approved by the Governmental Unit. <br /> b. The Governmental Unit shall assign Assessment Contracts pursuant to certain <br /> assignment agreements with the Authority as collateral for the financing or refinancing,or <br /> interim financing, of PACE Projects, the form of which shall be in substantially the form <br /> of Appendix B to the Program Report (each, an "Assignment Agreement"). The form of <br /> Assignment Agreement enclosed as Appendix B to the Program Report is hereby approved <br /> by the Governmental Unit. <br /> c. The City Manager,Deputy City Manager or any person duly appointed by the <br /> Governmental Unit to serve in such offices on an interim basis or otherwise authorized to <br /> act as provided by an ordinance or resolution of the Governmental Unit, acting singly <br /> (each, an "Authorized Officer"), is hereby authorized to execute and deliver Assessment <br /> Contracts with record owners meeting the requirements set forth in the PACE Act and the <br /> Program Report and execute and deliver related Assignment Agreements with the <br /> Authority, in each case with such changes, deletions, and insertions as shall be approved <br /> by an Authorized Officer and such other supporting documents and instruments as may be <br />