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Garland council sets public hearing on commercial PACE finance program
Summary
The Garland City Council voted 8-1 on Sept. 16 to adopt a resolution of intent to establish a commercial Property Assessed Clean Energy (C-PACE) program and set a public hearing for Oct. 6 to consider final adoption and a professional services agreement with Lone Star PACE.
The Garland City Council voted 8-1 on Sept. 16 to adopt a resolution of intent to create a City of Garland commercial Property Assessed Clean Energy program (C-PACE) and to set a public hearing on Oct. 6.
"PACE stands for Property Assessed Clean Energy," Ayako Schuster, director of economic development, said in presenting the item. She told the council the Texas PACE Act was signed in 2013 and that Texas jurisdictions may establish C-PACE programs to provide private, long-term…
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