Transcription of Property Assessed Clean Energy (PACE) Financing PROGRAM …
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Property Assessed Clean Energy (PACE) Financing PROGRAM …
Property Assessed Clean Energy (PACE) Financing PROGRAM MANUAL. Revision 10/4/2013. 1. Table of Contents Executive Summary .. 3. Authorization .. 3. General PROGRAM Information and Eligibility .. 5. Application and PROGRAM Process Flow .. 8. Lien Holder Consent .. 9. Insurance 10. City Approval .. 10. Recording of the Written Agreement .. 11. Education & Outreach PROGRAM .. 11. Participating Contractors .. 11. Change Orders .. 12. Buildings with Multiple Taxkeys .. 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 between City, Property Owner(s) and PACE lender).
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
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