Sec. 6-178

Citation: Sec. 6-178
Parent Document: Portland City Code ch. 6
Jurisdiction: Portland (municipal)
Original Source: https://www.portlandmaine.gov/asset/c5af4c63-b877-4ea8-9d29-8420cbad7717 ↗

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C-PACE Loans may be provided by any qualified Capital Provider
private lender participating in the C-PACE Program and a C-PACE
Agreement may contain any terms agreed to by the lender and the
property owner, as permitted by law, for the financing of Energy
Savings Improvements. Unless the City specifically designates
funding sources made available to it or appropriated by it for
the express purpose of its Commercial PACE Program and agrees to
provide financing for Energy Savings Improvements, the City will
not finance or fund any loan under the Commercial PACE Program,
and shall serve only as a program sponsor to facilitate loan
repayment by including the Commercial PACE Assessment on the
property tax bill for the property, and shall incur no liability
for the loan.
(Ord. No. 41-23/24, 10-16-2023) Sec. 6-197.5. Program Requirements and Administration.

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