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City of University Heights, Ohio or any other municipal corporation <br />which is or may become a participating political subdivision of the <br />Advanced Energy District under law. <br />b. The subject property must be used for commercial or industrial <br />purposes, which generally includes all non-residential purposes. A <br />multi -family apartment building will qualify as a commercial building. <br />The aggregate size of each of the Authorized Improvements to be <br />assessed against parcels of real property to be added to the Advanced <br />Energy District must result In energy improvement or efficiency gains <br />satisfactory to the Advanced Energy District <br />C. All owners of the fee simple title to the subject property must review, <br />sign and approve the Advanced Energy District Documents. Therefore, <br />before submitting an initial application, please ensure that all owners of <br />the fee simple title to the subject property wish to participate in the <br />Advanced Energy District Commercial -Industrial Program on the terms <br />set forth in Advanced Energy District Documents. <br />d. The Advanced Energy District recommends that the subject property <br />receive an "energy audit" prior to participation in the Commercial - <br />Industrial Program, but participation in the program will not require <br />fulfillment of any such energy audit. <br />e. The property owner(s) and/or the owners of the Authorized <br />Improvements must apply for the federal grant in lieu of tax credits <br />under the American Recovery and Reinvestment Act of 2009. The federal <br />grant in lieu of tax credit is equal to 30% of the qualified basis of the <br />Authorized Improvements. Property owners must also apply for any <br />available Ohio Energy Office grants. To the extent required by the <br />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 <br />the payment of debt service on special assessment revenue bonds or <br />other obligations issued to finance the property owners Authorized <br />Improvements. <br />The property owners(s) must agree to participate in surveys and <br />program evaluations directed by the Advanced Energy District. <br />g. The property owners) must not have declared bankruptcy in the past 7 <br />years. <br />h. The property owners must be current in the payment of all obligations <br />secured by the subject property, including property taxes, assessments <br />and mortgages, and there must have been no notices of default filed on <br />the subject property within the past 3 years (or since you took title to the <br />