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 may from time to time amend this Ordinance to use any funding sources made
available to it or appropriated by it for the express purpose of its Commercial PACE
Program, and the City shall be responsible for administration of loans made from those
funding sources. The City may also repeal this Ordinance in the same manner as it was
adopted, provided, however, that such repeal shall not affect the validity of any
Commercial PACE Agreements entered into by the City prior to the effective date of
such repeal, or a Commercial PACE Loan or Commercial PACE Lien arising out of such
Agreements.

Sec. 5 – 161-7. Financing; private lenders; terms.

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.

PART IV
Program Administration; No Municipal Liability

Sec. 5 – 161-8. Program Requirements and Administration.
 SOUTH PORTLAND CODE