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5. For purpose of levying an assessment, the board of directors of the District may combine levies for <br />public services and Authorized Improvements into one special assessment to be levied against each <br />specially benefited property in the Advanced Energy District. <br />III. Eligibility <br />In order to receive fmancing from the Advanced Energy District's Commercial-Industrial Program, a property <br />owner must meet the .following requirements: <br />a. The property to be improved with the Authorized Improvements (the "subject property") must be <br />located within one or more of the following municipal corporations (each as "participating <br />political subdivision"): City of Bedford, City Bedford Heights, City of Berea, City of Brooklyn, <br />City of Brook Park, City of Cleveland, City of Cleveland Heights, City of Euclid, City of <br />Fairview Park, City of Garfield Heights, City of Lakewood, City of Parma, City of Parma <br />Heights, City of Shaker Heights, City of South Euclid, City of University Heights, City of <br />Warrensville Heights <br />b. The subject property must be used for commercial or industrial purposes, which generally <br />includes all non-residential purposes. Amulti-family apartment building will qualify as a <br />commercial building. The aggregate size of each of the Authorized Improvements to be assessed <br />against parcels of real property to be added to the Advanced Energy District must be a minimum <br />of kw. <br />c. All owners of the fee simple title to the subject property must review, sign and approve the <br />Advanced Energy District Documents. Therefore, before submitting an initial application, please <br />ensure that all owners of the fee simple title to the subject property wish to participate in the <br />Advanced Energy District Commercial-Industrial Program on the terms set forth in Advanced <br />Energy District Documents. <br />d. The Advanced Energy District recommends that the subject property receive an "energy audit" <br />prior to participation in the Commercial-Industrial Program, but participation in the program will <br />not require fulfillment of any such energy audit. <br />e. The property owner(s) and/or the owners of the Authorized Improvements must apply for the <br />federal grant in lieu of tax credits under the American Recovery and Reinvestment Act of 2009. <br />The federal grant in lieu of tax credit is equal to 30% of the qualified basis of the Authorized <br />Improvements. Property owners must also apply for any available Ohio Energy Office grants. To <br />the extent required by the Advanced Energy District, the property owner must assign each of the <br />grants to the Advanced Energy District or its assigns in order to secure the payment of debt <br />service on special assessment revenue bonds or other obligations issued to finance the property <br />owner's Authorized Improvements. <br />f. The property owners(s) must agree to participate in surveys and program evaluations directed by <br />the Advanced Energy District. <br />g. The property owner(s) must not have declared bankruptcy in the past 7 years. <br />h. The property owners must be current in the payment of all obligations secured by the subject <br />property, including property taxes, assessments and mortgages, and there must have been no <br />notices of default filed on the subject property within the past 3 years (or since you took title to <br />A-6 <br />