City of South Portland, ME, Code of Ordinances ch. 5 (Buildings), Art. VII (Rental Registration)

Citation: City of South Portland, ME, Code of Ordinances ch. 5 (Buildings), Art. VII (Rental Registration)
Jurisdiction: South Portland (municipal)
Source: Official source
Original Source: https://southportland.gov/DocumentCenter/View/1421/Ch-05-Buildings ↗

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The City of South Portland, Maine has chosen to become a participating community in
the Maine Efficiency Trust’s “Property Assessed Clean Energy” (“PACE”) Program
pursuant to “An Act to Increase the Affordability of Clean Energy for Homeowners and
Businesses” (Public Law 2009, Chapter 591, as amended). That Act authorizes a
municipality that has adopted a PACE Ordinance to establish a PACE program so that
owners of qualifying property can access financing for energy saving improvements to
their properties located in the municipality, financed by funds awarded to the
Efficiency Maine Trust under the Federal Dept. of Energy “Energy Efficiency and
Conservation Block Grant” (EECBG) Program and by other funds available for this
purpose, and to enter into a contract with the Trust to administer functions of its
PACE program.

The City hereby establishes a PACE program allowing owners of qualifying property
located in the PACE district who so choose to access financing for energy saving
improvements to their property through PACE loans administered by the Trust or its
agent. PACE loan funds are available from the Trust in municipalities that: (1)
adopt a PACE Ordinance; (2) adopt and implement a local public outreach and education
plan; (3) enter into a PACE administration contract with the Trust to establish the
terms and conditions of the Trust’s administration of the City’s PACE program; and (4)
agree to assist and cooperate with the Trust in its administration of the City’s PACE
program.

This Ordinance shall be known as the Property Assessed Clean Energy (PACE) Ordinance
of the City.

Sec. 5 - 155. Purpose.