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Commissioners schedule public hearing on PACE program after extended discussion of lender risk and property impact
Summary
The Board discussed a proposed PACE (Property Assessed Clean Energy) program, questioned default risk and lien priority, and agreed to hold a public hearing next week before final action. A PACE representative described a low national default rate and Michigan experience (87 projects; one full default in St. Clair County).
Barry County commissioners on March 18 heard an extended briefing and public discussion about establishing a local PACE (Property Assessed Clean Energy) program and agreed to hold a public hearing next week before considering final approval.
Eric (county staff) presented the draft resolution to establish a PACE program and said no immediate vote was required; a public hearing has been scheduled and the program could be considered for final approval afterward. A representative for the PACE administrator described national and Michigan experience, saying about…
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