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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arrears at the time of foreclosure takes precedence over other mortgages or
liens; the remainder transfers with the property at resale.

(c)Unless otherwise agreed upon by the Capital Provider, all payments on a
Commercial PACE Assessment that become due after the date of transfer by
judicial or non-judicial sale or foreclosure must continue to be secured by a
lien on the property and are the responsibility of the transferee.

(d)Release of lien. The City will discharge a Commercial PACE Lien created under
the Commercial PACE Act and this Ordinance upon full payment of the amount
specified in the Commercial PACE Agreement. A discharge under this subsection
must be filed in the appropriate Registry of Deeds and must include reference
to the notice of Commercial PACE Agreement previously recorded pursuant to the
Commercial PACE Act and this Ordinance.

(e)No City Responsibility for Commercial PACE Assessment Payments. The City shall
not be obligated to make any Commercial PACE Assessment payment during any
period in which the City is deemed to be the owner of the Qualified Property by
virtue of the automatic foreclosure of a tax lien mortgage, pursuant to 36
M.R.S. § 943, as may be amended, provided that the City includes such a
provision in the Commercial PACE Agreement for that Qualified Property.

Sec. 5 – 161-10. Liability of municipal officials; liability of City.