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Home My WebLink About2010-159 Conservation Agrmt - Brown A. BORROWER(S): C#l/lLlcJ /jR-vt...JN ADDRESS: ll.-oS- IV. /YI/:/;Al oS, B. ENERGY CONSERVATION MEASURES TO BE INSTALLED (see paragraph B below): ).IliA, Pv '" fJ C. AMOUNT BORROWED (see paragraph C below): $ / l3~ - 2. AMOUNT OF MONTHLY INSTALLMENT PAYMENT (see paragraph 2 below): $ 20S8 CITY OF ASHLAND - CONSERVATION DIVISION CONSERVATION SERVICE CHARGE FINANCING PROGRAM AGREEMENT Energy conservation service charge financing agreement dated City of Ashland (City) and the above-named Borrower(s). 9~.dlO between the Recitals: A. City has conducted an energy analysis of Borrower's residence located at the address described above in Box A ("the residence"). B. The City has recommended certain energy saving measures described above in Box B. C. Borrower has or will install the energy conservation measures and desires to borrow from the City the amount specified above in Box C for the purpose of purchasing and installing suph measures. City and Borrower agree as follows: 1. ReDresentaiion of Ownershlo and OccuDancv 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 Pav bv Borrower. BOrrower promises to pay City the sum specified above in Box C (or such lesser amount as shall equal the amount paid by City pursuant to paragraph 0 plus a $sq.oo service. charge) payable in monthly installments as specified above in Box 2, 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 monthty 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 City unless Borrower is in default as described in paragraph O. In such case, interest shall be charged at the rate provided in paragraph O. 3. Pavment bv Citv. Subject to the terms of this agreement, City shall pay the sum specified above in Box E: or the actual installed cost of the energy saving measures plus a $50.00 service charge, whichever amount is less, to the Borrower upon City's approval 01 the installation and the submission of the appropriate invoices. The invoices shall detail the equipment cost and the labor cost as separate items for each measure. 4. AssumDtion of ResDonsibilitv bv Borrower. THE CITY MAKES NO WARRANTY, EITHER EXPRESS OR IMPLIED, AS TO THE FITNESS OR MERCHANTABILITY OF THE ENERGY CONSERVATION MEASURES INSTALLED IN THE RESIDENCE, OR AS TO THE SUITABILITY THEREOF FOR ANY PARTICULAR PURPOSE, INCLUDING BUT NOT LIMITED TO THE ADEQUACY OR EFFECTIVENESS OF THE ENERGY CONSERVATION MEASURES. Borrower further understands and agrees that Borrower is solely responsible to purchase or install the energy conservation measures, provided however PAGE 1-CONSERVATION SERVICE FINANCING PROGRAM AGREEMENT "''''"'''''''0'''1 that no payments shall be made by the City unless the conservation measures so installed meet or exceed the City's Energy Smart Design specifications. The installation must comply with the applicable codes and standards and the Borrower must obtain the necessary permits. 5. Indemnification. Borrower agrees to defend, indemnify and save City, its officer, employees and agents harmless from any and all losses, claims, actions, costs, expenses, judgments, subrogations, or other damages resulting from injury to any person (including injury resulting in death,) or damage (including loss or destruction) to property, of whatsoever nature arising out of or incident to the performance of this agreement by Borrower (including but not limited to, Borrower's employees, agents, and others. designated by Borrower to perform work or services attendant to this agreement). Borrower shall not be held responsible for damages caused by the negligence of City. 6. Removal of Conservation Measures Prohibited. Energy conservation measures installed pursuant to this agreement shall not be removed from the residence at any time during their useful life, unless such measures cease to function and are irreparable or unless they are temporarily removed for purposes of repair. 7. Default. Time is of the essence under this agreement, and a default shall occur when Borrower: 7.1. Fails to pay any installment when due as provided in paragraph 0, 7.2. Moves from or fails to occupy the residence for a period of more than three consecutive months, transfers the utility account to another, purchases electricity lor the residence from another or sells or otherwise transfers the residence to any person, or . 7.3. Fails to abide by the terms of this agreement 8. Remedies. In the event a default occurs: 8.1. All principal shall become immediately due and collectible at the option of the City. 8.2. The City may also withhold payments for energy conservation measures, seek recovery of any loans made to Borrower, obtain specific performance of Borrower's obligations under this agreement, or seek other remedies available at law or in equity, including, without limitation, the right to terminate Borrower's or water or electric service to the residence, or any other residence owned or controlled by Borrower. 8.3. Any balance then remaining to be paid by Borrower to City shall bear interest atlhe rate of one percent per month beginning from the date of default. All remedies set forth above are cumulative and not mutually exclusive, and the City may simultaneously exercise anyone or all of them. 9. Altornev 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 SSN: CITY OF ASHLAND: Borrower SSN: ( CONTENT REVIEW (City Depl ead) FORM REVIEW: (City Attorney) Coding: (for City purposes only) PAGE 2-CONSERVATION SERVICE FINANCING PROGRAM AGREEMENT (,Io,m"..d'"",,,