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Vacaville council opts into county C-PACE financing to advance Home2Suites hotel
Summary
The City Council voted to opt Vacaville into the county commercial PACE program so a developer can access about $9 million in financing for a Home2Suites by Hilton project; city staff and the PACE administrator said the financing is strictly a funding mechanism and does not change land-use approvals.
On Jan. 28 the Vacaville City Council voted to opt the city into Solano County’s commercial Property Assessed Clean Energy (C-PACE) program so the Home2Suites by Hilton hotel project can pursue about $9,000,000 in energy-efficiency financing. The council approved the resolution by voice vote after staff and the PACE administrator answered council and public questions.
Council members and staff said the action is limited to authorizing the financing pathway; it does not change planning or permitting authority. Don Burris, director of economic development services, told the council: “We are bringing, this resolution forward to the council, for energy efficiency, projects and financing for the…
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