HomeMy WebLinkAbout2018-016 Conservation Loan Agrmt-Bredikin
FINANCE NOTIFICATION FORM
The following City of Ashland customer has qualified for the Conservation Service
Charge Program. The measure(s) have been inspected and approved. Please
instate a service fee on the customer's utility bill.
Date 1/8/2018
Utility Account # _016898-000
Customer name Tatiana Bredikin
Site address 2355 Ranch Road
Customer phone number _541-488-1158
Map # 391 E23BB Tax lot # 556
Mailing address (if different) Same
Total cost of project $_17,393
Processing fee $ 50
Amount to be financed $ 7,500
Term 60 months
Payments $_125.00 /month
_Dan Cunningham C,. ~=-U
Conservation Staff Signature
I
YL City Recorder has filed by district.
District # Lien # -212-1
/Q_41, I L-~ e~? 111 I g
City Recorder Signature Date
City of Ashland
Conservation Service Charge Financing Program Agreement
A. Borrower(s) Name: Tatiana Bredikin
B: Borrower(s) Street 2355 Ranch Road
Address:
C. Energy Conservation Energy Efficient Heat Pump.
Measures to be Installed:
(see Paragraph C below)
77,777777777777
D. Amount Borrowed: $ 7,450
E. Amount of Monthly $ 125.00
Installment Payment:
(see Paragraph 2 below)
Energy conservation service charge financing agreement dated _1/11/2018
between the City of Ashland (the City) and the above-named Borrower(s).
Recitals:
A. City has conducted an energy analysis of Borrower's residence located at the address described
on Line B ("the residence") above.
B. The City has recommended certain energy saving measures as described on Line C above.
C. Borrower has (or will) install the energy conservation measures and desires to borrow from the
City in the amount specified on Line D above, for the purpose of purchasing and installing such
measures.
The City and Borrower agree as follows:
1. Representation of Ownership and Occupancy of Residence: Borrower (whenever required by the
context of this agreement, the singular shall include the plural) represents that Borrower is the
owner or contract purchaser of the residence, that Borrower currently resides, and will continue to
reside in the residence so long as the energy service charge remains unpaid, and that the residence
currently receives electrical service from the City of Ashland Department of Electric Utilities.
2. Promise to Pay by Borrower: Borrower promises to pay the City the sum specified on Line D above
(or such lesser amount as shall equal the amount paid by the City pursuant to Paragraph 3 plus a
$50.00 service charge) payable in monthly installments as specified on Line E above, with the first
installment due within 20 days after the date of the next monthly utility billing to the Borrower for
utility services to the residence.
2.1. The monthly installment shall be added to the Borrower's utility account for the residence. The
monthly payment will be shown as a separate line item on the Borrower's utility bill, and
remittance may be included with the regular monthly utility payment.
2.2. No interest shall be charged by the City unless Borrower is in default as described in Paragraph
7. In such case, interest shall be charged at the rate provided in Paragraph 8.3.
3. Payment by City: Subject to the terms of this agreement, the City shall pay the sum specified on
Line D above or the actual installed cost of the energy saving measures plus a $50.00 service charge
(whichever amount is less) to the Borrower upon the City's approval of the installation and the
City of Ashland
Conservation Service Charge Financing Program Agreement
9. Attorney Fees: If a legal action is commenced to enforce any of the provisions of this agreement,
including, without limitation, any arbitration, mediation, or action in any court, the prevailing party
shall be entitled to recover from the other party costs, disbursements, and attorney fees incurred
both at trial and on appeal.
BORROWER(S) CITY OF ASHLAND:
BY:
Administration-Conservation division
Date: Date:
TTT Approved by:
City p rtment Head
Printed Name of City Department Head