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QQ <br />RENEW <br />FINANCIAL.,, <br />December 4, 2015 <br />Dear Participating CaliforniaFIRST Community: <br />1221 BROADWAY, 4TH FLOOR, OAKLAND, CA 94612 PHONE: 510-451-7900 <br />71.E -�Ll � ;; 1: 1 <br />You are receiving this letter as one of the many communities that participates in the <br />CaliforniaFIRST property assessed clean energy (PACE) program (the "CaliforniaFIRST <br />Program") of California Statewide Communities Development Authority ("CSCDA"). We are <br />writing to inform you that CSCDA has expanded the list of improvements that the <br />CaliforniaFIRST Program is authorized to finance in accordance with Chapter 29 of the Streets <br />and Highways Code (Sections 5898.10 et seq.), also known as "AB 811," and provide you with <br />the opportunity to request that the CaliforniaFIRST Program not effect financings with respect to <br />those newly added improvements. <br />When the CaliforniaFIRST Program was introduced in 2010, AB 811 provided public <br />agencies the authority to finance the installation of distributed generation renewable energy <br />sources and energy or water efficiency improvements that are permanently fixed to residential, <br />commercial, industrial, agricultural or other real property ("Authorized Improvements"). Since <br />2010, however, the California Legislature has amended AB 811 to expand the list of Authorized <br />Improvements to include the following: <br />seismic strengthening improvements that are permanently fixed to residential, <br />commercial, industrial, agricultural, or other real property, including, but not <br />limited to, the seismic strengthening of cripple walls and sill plate anchorage of <br />light, wood -framed buildings (collectively, "Seismic Improvements"); and <br />electric vehicle charging infrastructure that is permanently fixed to residential, <br />commercial, industrial, agricultural, or other real property ("Electric Vehicle <br />Charging Infrastructure," and together with Seismic Improvements and all other <br />improvements authorized by AB 811 from time to time in the future, "Additional <br />Authorized Improvements"). <br />CSCDA reserved the right under its resolutions confirming report, program reports, and <br />validations actions relating to the CaliforniaFIRST Program to make any changes to the matters <br />addressed by the CaliforniaFIRST Program reports, specifically including the list of the <br />Authorized Improvements, that it determines are appropriate. However, in order to add the <br />Additional Authorized Improvements to the list of Authorized Improvements, the Commission of <br />CSCDA has completed the following additional actions: <br />• Adopted Resolution No. 15R-59, entitled, "Resolution Declaring Intention to <br />Finance Installation of Seismic Strengthening Improvements, Electric Vehicle <br />Charging Infrastructure and Other Authorized Improvements and Other Related <br />Matters," on October 8, 2015; <br />• Held a duly noticed public hearing on November 19, 2015, for the purposes of <br />allowing interested persons to object to or inquire about the proposed program for <br />financing of Additional Authorized Improvements; and <br />renewfinancial.com <br />OT <br />You are receiving this letter as one of the many communities that participates in the <br />CaliforniaFIRST property assessed clean energy (PACE) program (the "CaliforniaFIRST <br />Program") of California Statewide Communities Development Authority ("CSCDA"). We are <br />writing to inform you that CSCDA has expanded the list of improvements that the <br />CaliforniaFIRST Program is authorized to finance in accordance with Chapter 29 of the Streets <br />and Highways Code (Sections 5898.10 et seq.), also known as "AB 811," and provide you with <br />the opportunity to request that the CaliforniaFIRST Program not effect financings with respect to <br />those newly added improvements. <br />When the CaliforniaFIRST Program was introduced in 2010, AB 811 provided public <br />agencies the authority to finance the installation of distributed generation renewable energy <br />sources and energy or water efficiency improvements that are permanently fixed to residential, <br />commercial, industrial, agricultural or other real property ("Authorized Improvements"). Since <br />2010, however, the California Legislature has amended AB 811 to expand the list of Authorized <br />Improvements to include the following: <br />seismic strengthening improvements that are permanently fixed to residential, <br />commercial, industrial, agricultural, or other real property, including, but not <br />limited to, the seismic strengthening of cripple walls and sill plate anchorage of <br />light, wood -framed buildings (collectively, "Seismic Improvements"); and <br />electric vehicle charging infrastructure that is permanently fixed to residential, <br />commercial, industrial, agricultural, or other real property ("Electric Vehicle <br />Charging Infrastructure," and together with Seismic Improvements and all other <br />improvements authorized by AB 811 from time to time in the future, "Additional <br />Authorized Improvements"). <br />CSCDA reserved the right under its resolutions confirming report, program reports, and <br />validations actions relating to the CaliforniaFIRST Program to make any changes to the matters <br />addressed by the CaliforniaFIRST Program reports, specifically including the list of the <br />Authorized Improvements, that it determines are appropriate. However, in order to add the <br />Additional Authorized Improvements to the list of Authorized Improvements, the Commission of <br />CSCDA has completed the following additional actions: <br />• Adopted Resolution No. 15R-59, entitled, "Resolution Declaring Intention to <br />Finance Installation of Seismic Strengthening Improvements, Electric Vehicle <br />Charging Infrastructure and Other Authorized Improvements and Other Related <br />Matters," on October 8, 2015; <br />• Held a duly noticed public hearing on November 19, 2015, for the purposes of <br />allowing interested persons to object to or inquire about the proposed program for <br />financing of Additional Authorized Improvements; and <br />renewfinancial.com <br />