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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This Ordinance shall be known and may be cited as “The City of South Portland’s
Commercial Property Assessed Clean Energy (“C-PACE”) Ordinance” (this “Ordinance”).

Sec. 5 – 161-4. Definitions.

Except as specifically defined below, words and phrases used in this Ordinance shall
have their customary meanings. As used in this Ordinance, the following words and
phrases shall have the meanings indicated:

City. The City of South Portland.

Commercial PACE or C-PACE. Means Commercial Property Assessed Clean Energy.

Commercial PACE Agreement. An agreement that authorizes the creation of a
Commercial PACE Assessment on Qualifying Property and that is approved in writing by
all owners of the Qualifying Property at the time of the agreement and by the City
Council.

Commercial PACE Assessment. An assessment made against Qualifying Property to
finance an Energy Savings Improvement.

Commercial PACE District. The area within which the City establishes a
Commercial PACE Program hereunder, which is all that area within the City boundaries.

Commercial PACE Lien. A lien, secured against a Qualifying Property that is
created by a Commercial PACE Assessment.

Commercial PACE Loan. A loan, payable through a Commercial PACE Assessment and
secured by a C-PACE Lien, made to the owner(s) of a Qualifying Property pursuant to a
SOUTH PORTLAND CODE

Commercial PACE Program to fund Energy Savings Improvements.

Commercial PACE Program. A program established under this Ordinance pursuant
to the Commercial PACE Act under which commercial property owners can finance Energy
Savings Improvements on Qualifying Property.

Energy Savings Improvement. An improvement or series of improvements to
Qualifying Property that are new and permanently affixed to Qualifying Property and
that: