County Commissioners Clash Over Controversial C PACE Ordinance

In a recent government meeting, county commissioners engaged in a heated discussion regarding a proposed ordinance aimed at establishing a framework for Commercial Property Assessed Clean Energy (C-PACE) applications. The ordinance seeks to facilitate financing for energy efficiency and renewable energy improvements for commercial properties, but several commissioners expressed concerns about its timing and the adequacy of information provided.

Commissioner Chaparro voiced skepticism, stating that many questions remained unanswered, including details about program administrators, fees, and potential penalties. She emphasized the need for comprehensive information before moving forward, arguing that adopting the ordinance without clarity could be imprudent. Chaparro specifically questioned the role of Adelante Consulting, the proposed program administrator, and whether the county was unnecessarily tying itself to a single entity.

Commissioner Reynolds defended the ordinance, explaining that it merely establishes a framework for implementation and does not dictate specific fees or penalties. He noted that the details would be determined by the assessor's and treasurer's offices, which would ultimately manage the program. Reynolds highlighted the benefits of C-PACE, stating it would allow developers to finance green energy projects through property tax assessments, alleviating the burden of upfront costs.

The discussion also touched on the implications of the ordinance for property owners, particularly regarding the senior lien status of C-PACE loans, which could take precedence over existing bank loans. Several commissioners raised concerns about the potential risks to property owners, especially in cases of foreclosure, and the need for safeguards to protect constituents from predatory lending practices.

Commissioner Sanchez pointed out that the program is not limited to a single lender, as businesses would still have the option to seek financing from various institutions. However, the overarching sentiment among some commissioners was a desire for more transparency and assurance that the program would genuinely offer affordable financing options.

As the meeting concluded, the commissioners acknowledged the need for further discussion and information gathering before making a final decision on the ordinance. The debate underscored the complexities of implementing a program designed to promote sustainable energy practices while ensuring the financial security of local businesses and property owners.