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2024-102 Resolution
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2024-102 Resolution
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Last modified
11/22/2024 8:31:16 AM
Creation date
11/21/2024 10:28:51 AM
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North Olmsted Legislation
Legislation Number
2024-102
Legislation Date
11/19/2024
Year
2024
Legislation Title
NOPEC Commercial-Industrial Program
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below. You will be required to 60 out and complete a real property and company <br />information verification (onn provided to ecu be the participating political subdivision. <br />You will also receive a copy of the Advanced Energy District Documents, including this <br />Project Plan, when you receive the real property and company information verification <br />form. Upon submission of the real property and company information verification form, <br />the participating political subdivision will forward your form to the Advanced Energy <br />District for processing. <br />Third: Upon submission of the real property and company information verification form, <br />the Advanced Energy District will verify your eligibility to participate in the Commercial- <br />Industrial Program and if your property 7 <br />is eligible, the Advanced Energy District will begin <br />working with you and one or more consultants, engineers or qualified installers that you <br />may choose to assist you in planning the development of your Authorized Improvement <br />and an estimated project cost. During this period of time, representatives of the Advanced <br />Energy District will work with you and your consultants, engineers and qualified installers <br />to assess the technical and economic feasibility of the Authorized Improvement project you <br />are considering, including working with Advanced Energy District financial advisors, <br />consultants and developers who will be available to offer guidance regarding special <br />assessment revenue bond financing costs, including expected and maximum interests rates <br />and expected and maximum estimated special assessments which the Advanced Energy <br />District expects to be payable by you as property owner(s) in connection with your <br />participation in the Commercial-Industrial Program. The costs of these services provided <br />by the Advanced Energy District, its advisors and agents in assisting you as well as the <br />cost% of your consultants, engineers and qualified installers in determining the technical <br />and economic feasibility of Authorized Improvements on your property may be included <br />as part of the cost of your Authorized Improvements. The costs of Authorized <br />Improvements will be eligible to be financed by special assessments paid by )ou for up to <br />twenty-five years. <br />Fourth: Upon your determining to proceed with a particular Authorized Improvement <br />project design and plan, you must request and receive the approval of the Board of <br />Directors of the Advanced Energy District that your project satisfies requirements of the <br />Advanced Energy District Documents and that the territory of the Advanced Energy <br />District should be increased to permit the addition of the territory which will be assessed <br />to pay costs of your Authorized Improvements. Upon receipt of approval of the Board of <br />Directors of the Advanced Energy District, you will then execute and file an application or <br />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 <br />Energy District financial advisors, consultants or developers will have provided to you by <br />that time the then currently anticipated interest rates on special assessment revenue bonds <br />or other obligations to be issued to pay costs of your Authorized Improvements as well as <br />the estimated special assessments to be paid by you for the financing of your Authorized <br />Improvements and participation in the Commercial-Industrial Program. <br />P_fth: With your executing and filing a Petition with the Mayor and City Council of the <br />participating political subdivision where your Project will be located, you as the property <br />
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