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Energy District that your project satisfies requirements of the Advanced Energy District Documents and <br />that the territory of the Advanced Energy District should be increased to permit the addition of the <br />territory which will be assessed to pay costs of your Authorized Improvements. Upon receipt of <br />approval of the Board of Directors of the Advanced Energy District, you will then execute and file an <br />application or Petition with Mayor and City Council of the participating political subdivision where the <br />additional territory to the Advanced Energy District is proposed to be added. Advanced Energy District <br />fmancial advisors, consultants or developers will have provided to you by that time the then currently <br />anticipated interest rates on special assessment revenue bonds or other obligations to be issued on behalf <br />of the Advanced Energy District to pay costs of your Authorized Improvements as well as the estimated <br />special assessments to be paid by you for the financing of your Authorized Improvements and <br />participation in the Commercial-Industrial Program. <br />Fifth: With your executing and filing a Petition with the Mayor and City Council of the participating <br />political subdivision where your Project will be located, you as the property owner have agreed to the <br />levy and collection of special assessments against your real property to be added to the Advanced <br />Energy District in accordance with the Petition and the Advanced Energy District Documents. Special <br />Assessments will be levied and collected in any year however only in accordance with the Petition and <br />only upon the sale of special assessment revenue bonds, the proceeds of which. will be used to pay the <br />costs of the Authorized Improvements. The timing for the sale of special assessment revenue bonds to <br />pay costs of Authorized Improvements under the Commercial-Industrial Program will depend on the <br />number of and size of Authorized Improvements and market conditions. <br />Sixth: After your filing of the Petition and your compliance with the Advanced Energy District <br />Documents, the Advanced Energy District and its financial advisors, consultants and developers will <br />advise you as an owner of Property in the District of the commencement of marketing of the special <br />assessment revenue bonds that will determine the actual interest rate(s) to be paid on special assessment <br />revenue bonds to pay costs of your Authorized Improvements. The Special Assessments that will be <br />payable by you annually as a property owner in the Advanced Energy District as part of the <br />Commercial-Industrial Program is calculated based upon (a) the cost of the Authorized Improvement, <br />(b) federal and state subsidies received by you as owner of the Authorized Improvement, (c) the interest <br />rates payable on the special assessment revenue bonds and (d) administrative charges levied by the <br />participating political subdivision to pay administrative costs. See: The "Services Plan." <br />No property owner participating in the Commercial-Industrial Program will be obligated to pay any <br />Special Assessments under the Commercial-Industrial Program unless the property owner first executes <br />an Assessment Schedule which will be prepared by the Advanced Energy District or its agents and staff <br />only after the pricing of special assessment revenue bonds for the Commercial-Industrial Program. The <br />Assessment Schedule will include a schedule of your annual or semiannual payments for participating in <br />the Commercial-Industrial Program. Unless you agree with and execute the Assessment Schedule, you <br />will not be responsible to pay Special Assessments under the Commercial-Industrial Program. If you <br />however execute the Assessment Schedule, you are agreeing to the levy and collection of Special <br />Assessments in accordance with the Advanced Energy District Documents. If you do not execute the <br />Assessment Schedule, you may be responsible to pay certain administrative costs of the Advanced <br />Energy District to remove the lien ofthe Special Assessments from your property. <br />Seventh: The proceeds of the sale of special assessment revenue bonds will be deposited with a qualified <br />trustee. Disbursement of proceeds from such sale from the trustee held construction fund to pay <br />Authorized Improvement costs will require the signature of an officer of the Advanced Energy District <br />.and the signature of an authorized officer of the applicable property owner. A qualified installer must <br />complete the installation of Authorized Improvements on your property. See "Authorized <br />Improvements; Qualified Installers" below. <br />A-3 <br />