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Council approves PACE special assessment for 5520 Monroe St. boiler upgrades
Summary
Sylvania City Council unanimously approved a set of emergency measures enabling a PACE (Property Assessed Clean Energy) assessment for energy-efficiency work at 5520 Monroe Street, authorizing the Northwest Ohio Advanced Energy Improvement District to levy the assessment on the property tax bill.
Sylvania City Council on Feb. 17 approved measures to place a special assessment on the 5520 Monroe Street property to repay a PACE loan used for recent boiler replacements.
Dana Clark, case administrator for the Toledo Lucas County Port Authority, told the council the building at 5520 Monroe — which houses Premier Bank and Venture Visionary Partners — "has replaced the boilers and updated it. They were just due to be replaced," and that the…
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