Financing Sustainable Energy Financing Sustainable Energy

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Lessons Learned• Develop a schedule for processing bondsand paymentsCoordination and flow among several partners• Up Front and Carrying CostsMost installers require minimum $1,000 deposit and sometimespre-payment for equipment• Periodic Review of Program TermsRemind participants of highlights or pre-financing obligations
Berkeley FIRST Summary of Closing andTransfer ProceduresCategory Actions Responsibility Max TimelineFunding RequestDocument Preparation 1 Property owner requests funding on-line Property Owner NA5 Property owner signs, notarizes and return FIRST documents RF 158 RF delivers documents to City & JH (by PDF) RFBond Closing 9Document Prepartion and Bond Issu 10 Recordation of Notice of Special Tax Lien City 2111 Issue, execution and authentication of Bond by City and FA City, Jones Hall & BNY 2112 Delivery of Bond executed by City and authenticated by FA Jones Hall 2113 Delivery of Bond Counsel Opinion Jones Hall 2116 Delivery of City Closing Certificate City and Jones Hall 2117 Delivery of Fiscal Agent Certificate FA and Jones Hall 2618 Deposit into Reserve Fund City 26Bond Purchase 19 Delivery of RF Closing Certificate RF 2720 Delivery of Request for Authorization to Withdraw Funds RF 2721 Delivery of Purchase Price via wire/check to City RF 2722 Prepare & submit FN024 for check Issuance City 32Check Delivery 23 Delivery of Check to Property Owner City 34
Page 1 and 2: Financing Sustainable EnergyCity of
Page 3 and 4: City Plans and Policies• General
Page 5 and 6: Berkeley Solar
Page 7 and 8: Berkeley FIRST Program(Financing In
Page 9 and 10: Framework for Sustainable EnergyFin
Page 11 and 12: Program DesignProperty owner contra
Page 13 and 14: Pilot Program Status• 2008 Initia
Page 15: Lessons Learned• Participant Comm
Page 19: Berkeley FIRST Program(Financing In

Financing Sustainable Energy Financing Sustainable Energy

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