Roswell council approves first reading of hotel-focused development finance program using CPACE mechanism
The City of Roswell on July 28 approved on first reading an ordinance establishing a CPACE-backed Roswell Development Finance Program focused on financing new hotel projects.
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The City of Roswell on July 28 approved on first reading an ordinance establishing the Roswell Development Finance Program, a financing tool that uses the state Commercial Property Assessed Conservation, Energy, and Resiliency Act (OCGA 36-62-17, or CPACE) and targets new hotel development in the city.
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