Property Assessed Clean Energy (PACE) Financing …

1 Property Assessed Clean Energy (PACE) Financing PROGRAM MANUAL Revision 10/15/2014 2 Contents Executive Summary .. 3 Authorization .. 3 General Program Information and Eligibility .. 5 Application and Program Process Flow .. 8 Mortgage Holder Consent .. 10 Insurance .. 10 City Approval .. 11 Recording of the Written Agreement .. 11 Education & Outreach Program .. 11 Participating Contractors .. 11 Change Orders .. 12 Buildings with Multiple Taxkeys .. 12 PACE on New Construction .. 12 Appendix A: Clean Energy Financing Ordinance .. 13 Appendix B: Eligible PACE Improvements and Expected Useful Life .. 17 Appendix C: PACE Financing Program Agreement (Tri-party Agreement) .. 27 3 Executive Summary The City of Milwaukee recognizes that stimulating the market for cost-effective Energy efficiency and water saving upgrades in commercial buildings as a public purpose, since these upgrades in properties located within the City increase Property values, protect the tax base, increase local economic activity, provide improved environmental benefits, and promote the general welfare of the people of the City of Milwaukee The Property Assessed Clean Energy (PACE) Financing Program creates a strong incentive for so

The Property Assessed Clean Energy (PACE) Financing Program creates a strong incentive for some commercial property owners to undertake energy efficiency upgrades in their buildings. Commercial property owners, whose tenants, by their lease terms, pay the energy bills, may not see

Tags:

  Property, Energy, Financing, Clean, Cape, Assessed, Property assessed clean energy

Information

Related search queries