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Rutherford County steering committee backs intent to consider commercial C-PACE program; sends resolution to budget
Summary
Steering committee voted to send a resolution to budget recommending Rutherford County consider adopting the state's Commercial Property Assessed Clean Energy and Resilience (C-PACE) program, with TN PACE proposed as third‑party administrator. A public hearing and formal decision are planned next month.
The Rutherford County Steering Committee voted to send a resolution to county budget officials recommending the county consider adopting the state'authorized commercial Property Assessed Clean Energy and Resilience (C-PACE) program and to use TN PACE as a third-party administrator.
The resolution, described to the committee by county staff member Tim Beatty, would authorize the county to adopt a special assessment that gives qualifying C-PACE loans parity with tax liens and a priority position above first mortgages for participating commercial properties. After discussion, the committee voted by roll call to forward the resolution to the budget office with the committee's recommendation; the motion passed on a 7-0 roll call.
Why it matters: County staff said the program would allow commercial property owners and developers to finance renewable energy, energy-efficiency, water-conservation and resiliency projects by placing a special assessment on the…
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