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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Sec. 6-178

Citation
Sec. 6-178 (a)
Parent Document
Portland, ME Code of Ordinances ch. 6, art. VI, §§ 6-150–6-163
Jurisdiction
Portland (municipal)

Other Sections in This Document (920)

Full Text

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(a) Agreement Required. All commercial property owners
seeking financing for Energy Savings Improvements on Qualifying
Property pursuant to the Commercial PACE Program must enter into
a Commercial PACE Agreement, approved as to form and substance by
the City and the Trust, authorizing the creation of a Commercial
PACE Assessment and acknowledging the creation of a Commercial
PACE Lien. A notice of the Commercial PACE Agreement will be
filed in the Cumberland County Registry of Deeds, which filing
will create a lien until the amounts due under the agreement are
paid in full.