Thanks and follow up

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P17 V16 P19 D3 V11

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John, Thank you for taking time to talk with me yesterday. I really appreciate your attention to PACE. They only additional thought I’ve had is that we want to eventually get FHFA comfortable with PACE. So far, they have not been willing to engage in a really discussion on how to get to an acceptable outcome that respects existing state law in combination with the reserve. If you felt there was a way to get to a real discussion, that would be great. In the absence of a demonstrated interest in a resolution, we’d like everyone to just stand down until we have more data to prove our case. Please let me know if there is anything I can do to help. Many thanks! Cisco --- Cisco DeVries CEO, Renewable Funding 500 12th Street, Suite 300 Oakland, CA 94607 (510) 451-7902 [email protected] www.renewfund.com Delivered-To: [email protected] Received: by 10.140.16.184 with SMTP id 53csp238615qgb; Wed, 14 May 2014 16:40:02 -0700 (PDT) X-Received: by 10.68.233.37 with SMTP id tt5mr8110281pbc.154.1400110801811; Wed, 14 May 2014 16:40:01 -0700 (PDT) Return-Path: <[email protected]> Received: from mail-pa0-f41.google.com (mail-pa0-f41.google.com [209.85.220.41]) by mx.google.com with ESMTPS id ko6si1690894pbc.442.2014.05.14.16.40.01 for <[email protected]> (version=TLSv1 cipher=ECDHE-RSA-RC4-SHA bits=128/128); Wed, 14 May 2014 16:40:01 -0700 (PDT) Received-SPF: pass (google.com: domain of [email protected] designates 209.85.220.41 as permitted sender) client-ip=209.85.220.41; Authentication-Results: mx.google.com; spf=pass (google.com: domain of [email protected] designates 209.85.220.41 as permitted sender) [email protected] Received: by mail-pa0-f41.google.com with SMTP id lj1so251040pab.0 for <[email protected]>; Wed, 14 May 2014 16:40:01 -0700 (PDT) X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=1e100.net; s=20130820; h=x-gm-message-state:from:content-type:subject:message-id:date:to :mime-version; bh=VHD+0Fa39QDGNMWmmfmwZvnlIocU5nwxLhx4t32NuRY=; b=DOuBkXjz230YKzSCKwSL8lSpQWvNdMK3qYb/Iq2gyyOSxMLm+ODfu2ZsZqbD5yarbs fm4XSlceE9AdpkuZKcuLliuSQKSQ1WQc8K+b3V+yrqFKOy+Hsh60LNJq4Ddn9IE6UA1N mx2waLX1zyw7zbIK+wkL/f0j4WU13eEj0zdOlkn17cd68J+550Ux1BoTRZTBCt/VhC/O D72HBWA9qrGUzEBcbW/BYsZfofSbMZA9nAiGmumYi8TSgRC7u2jRb4o+9/booHaZ7/vm f2n7cv615bbRLP9raImA6LW6r2UhsN7ywTM46+MmytSsEzrl1yXdouA2sl+CCITmoJLM 7AJA== X-Gm-Message-State: ALoCoQn4cQMWl5gY1iWKH9fhqPdJ7+YeWtGnTWvAkWfnh07fbfHP2JZXY9e59Mv/GeLA0MQ8f8nj X-Received: by 10.69.1.69 with SMTP id be5mr8013460pbd.126.1400110801292; Wed, 14 May 2014 16:40:01 -0700 (PDT) Return-Path: <[email protected]> Received: from rf-mac-cisco.oak.renewfund.com (74-93-4-42-SFBA.hfc.comcastbusiness.net. [74.93.4.42]) by mx.google.com with ESMTPSA id ko10sm5532357pbd.52.2014.05.14.16.39.59 for <[email protected]> (version=TLSv1 cipher=ECDHE-RSA-RC4-SHA bits=128/128); Wed, 14 May 2014 16:40:00 -0700 (PDT) From: Francisco DeVries <[email protected]> Content-Type: multipart/alternative; boundary="Apple-Mail=_8060F36E-4F06-4926-94AF-59BF7B783749" Subject: Thanks and follow up Message-Id: <[email protected]> Date: Wed, 14 May 2014 16:39:57 -0700 To: [email protected] Mime-Version: 1.0 (Mac OS X Mail 7.2 \(1874\)) X-Mailer: Apple Mail (2.1874) --Apple-Mail=_8060F36E-4F06-4926-94AF-59BF7B783749 Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset=windows-1252 John, Thank you for taking time to talk with me yesterday. I really = appreciate your attention to PACE. =20 They only additional thought I=92ve had is that we want to eventually = get FHFA comfortable with PACE. So far, they have not been willing to = engage in a really discussion on how to get to an acceptable outcome = that respects existing state law in combination with the reserve. If = you felt there was a way to get to a real discussion, that would be = great. In the absence of a demonstrated interest in a resolution, we=92d = like everyone to just stand down until we have more data to prove our = case. Please let me know if there is anything I can do to help. =20 Many thanks! Cisco --- Cisco DeVries CEO, Renewable Funding 500 12th Street, Suite 300 Oakland, CA 94607 (510) 451-7902 [email protected] www.renewfund.com --Apple-Mail=_8060F36E-4F06-4926-94AF-59BF7B783749 Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=windows-1252 <html><head><meta http-equiv=3D"Content-Type" content=3D"text/html = charset=3Dwindows-1252"></head><body style=3D"word-wrap: break-word; = -webkit-nbsp-mode: space; -webkit-line-break: = after-white-space;">John,<div><br></div><div>Thank you for taking time = to talk with me yesterday.  I really appreciate your attention to = PACE.  </div><div><br></div><div>They only additional thought I=92ve = had is that we want to eventually get FHFA comfortable with PACE. =  So far, they have not been willing to engage in a really = discussion on how to get to an acceptable outcome that respects existing = state law in combination with the reserve.  If you felt there was a = way to get to a real discussion, that would be great.  In the = absence of a demonstrated interest in a resolution, we=92d like everyone = to just stand down until we have more data to prove our = case.</div><div><br></div><div>Please let me know if there is anything I = can do to help.  </div><div><br></div><div>Many = thanks!</div><div><br></div><div>Cisco<br><div><div = apple-content-edited=3D"true"> <span class=3D"Apple-style-span" style=3D"border-collapse: separate; = color: rgb(0, 0, 0); font-family: Helvetica; font-style: normal; = font-variant: normal; font-weight: normal; letter-spacing: normal; = line-height: normal; orphans: 2; text-align: -webkit-auto; text-indent: = 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: = 0px; border-spacing: 0px; -webkit-text-decorations-in-effect: none; = -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; "><span = class=3D"Apple-style-span" style=3D"border-collapse: separate; color: = rgb(0, 0, 0); font-family: Helvetica; font-variant: normal; = letter-spacing: normal; line-height: normal; orphans: 2; text-align: = -webkit-auto; text-indent: 0px; text-transform: none; white-space: = normal; widows: 2; word-spacing: 0px; border-spacing: 0px; = -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: = auto; -webkit-text-stroke-width: 0px; "><div style=3D"word-wrap: = break-word; -webkit-nbsp-mode: space; -webkit-line-break: = after-white-space; "><span class=3D"Apple-style-span" = style=3D"border-collapse: separate; color: rgb(0, 0, 0); font-family: = Helvetica; font-variant: normal; letter-spacing: normal; line-height: = normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; = text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; = border-spacing: 0px; -webkit-text-decorations-in-effect: none; = -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; "><div = style=3D"word-wrap: break-word; -webkit-nbsp-mode: space; = -webkit-line-break: after-white-space; "><div style=3D"font-style: = normal; font-weight: normal; font-size: 12px; = ">---</div></div></span></div></span>Cisco DeVries<span = class=3D"Apple-style-span" style=3D"border-collapse: separate; color: = rgb(0, 0, 0); font-family: Helvetica; font-variant: normal; = letter-spacing: normal; line-height: normal; orphans: 2; text-align: = -webkit-auto; text-indent: 0px; text-transform: none; white-space: = normal; widows: 2; word-spacing: 0px; border-spacing: 0px; = -webkit-text-decorations-in-effect: none; -webkit-text-size-adjust: = auto; -webkit-text-stroke-width: 0px; "><div style=3D"word-wrap: = break-word; -webkit-nbsp-mode: space; -webkit-line-break: = after-white-space; "><span class=3D"Apple-style-span" = style=3D"border-collapse: separate; color: rgb(0, 0, 0); font-family: = Helvetica; font-variant: normal; letter-spacing: normal; line-height: = normal; orphans: 2; text-align: -webkit-auto; text-indent: 0px; = text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; = border-spacing: 0px; -webkit-text-decorations-in-effect: none; = -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px; "><div = style=3D"word-wrap: break-word; -webkit-nbsp-mode: space; = -webkit-line-break: after-white-space; "><div><div style=3D"font-style: = normal; font-weight: normal; font-size: 12px; ">CEO, Renewable = Funding</div><div style=3D"font-style: normal; font-weight: normal; = font-size: 12px; ">500 12th Street, Suite 300</div><div = style=3D"font-style: normal; font-weight: normal; font-size: 12px; = ">Oakland, CA 94607</div><div style=3D"font-style: normal; font-weight: = normal; font-size: 12px; ">(510) 451-7902</div><div style=3D"font-style: = normal; font-weight: normal; font-size: 12px; "><a = href=3D"mailto:[email protected]">[email protected]</a></div><div = style=3D"font-style: normal; font-weight: normal; font-size: 12px; "><a = href=3D"http://www.renewfund.com">www.renewfund.com</a></div></div><div = style=3D"font-style: normal; font-weight: normal; = "><br></div></div></span><br = class=3D"Apple-interchange-newline"></div></span><br = class=3D"Apple-interchange-newline"></span><br = class=3D"Apple-interchange-newline"><br = class=3D"Apple-interchange-newline"> </div> <br></div></div></body></html>= --Apple-Mail=_8060F36E-4F06-4926-94AF-59BF7B783749--