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SECTION 1: T he City hereby approves and authorizes joining and participating in Show Me PACE and joining and participating in the Missouri Clean Energy District based on the following:Title and Definitions. 1. Title. This Ordinance shall be known and may be cited as "The City of University City, Missouri Property Assessed Clean Energy Ordinance." 2. Definitions. Except as specifically defined below, words and phrases used in this Ordinance shall have their customary meanings. Words and phrases defined in Section 67.2800.2 of the Missouri Revised Statutes, as amended, shall have their defined meanings when used in this Ordinance. As used in this Ordinance, the following words and phrases shall have the meanings indicated. a. "Show Me PACE" means the Show Me PACE District. b. "MCED" means the Missouri Clean Energy District. c. "Districts" means both the Show Me PACE and Missouri Clean Energy District. d. "PACE Assessment" means a special assessment made against qualifying property in consideration of PACE Funding. e. "PACE Funding" means funds provided to the owner(s) of Qualifying Property by the District for an e nergy efficiency or renewable energy improvement. f. "Qualifying Property" means real property located in the City of University City, Missouri that satisfies the criteria set forth in the PACE Act. B. Program Administration. U niversity City Property owners may independently select either Show Me PACE or MCED to serve as program administrator on a project by project basis. Both Districts shall each independently administer the functions of a PACE program for their projects within the City by: 1. providing property owners with an application to apply for PACE Funding; fi 2. developing standards for the approval of projects submitted by Qualifying Property owners; 3. reviewing applications and selecting qualified projects; 4. entering into Assessment Contracts with Qualifying Property owners; - 2 - 50589303.2