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Oklahoma County amends C-PACE guidelines to allow variable-rate financing
Summary
The Board approved a narrow change to county C-PACE guidelines permitting a variable-rate option for assessment contracts; staff said contracts will return to the board before use on any project.
At its Feb. 28, 2025 meeting, the Oklahoma County Board of Commissioners approved a minor amendment to the county's Commercial Property Assessed Clean Energy (C-PACE) program guidelines to permit a variable-rate financing option for assessment contracts.
The change, presented by Keith Coleman, was described as minimal and limited to a variable-rate schedule option while leaving the assessment contract language unchanged. "The changes within the guidelines are very, very minimal," Coleman said. He told the board that staff would return any assessment contracts using variable rates to the commissioners for consideration before the…
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