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Board hears presentation on commercial PACE financing; staff and county attorney asked to review ordinance template
Summary
A presenter described a property‑assessed clean energy (C‑PACE) style program administered by a 501(c)(3) statewide nonprofit that sponsors long‑term, property‑linked financing for energy and building improvements; the board asked staff and the county attorney to review the draft ordinance and documents before any public hearing.
Abby Johnson, representing a statewide nonprofit administrator of property‑assessed financing programs, briefed the Madison County Board of Supervisors on an economic development financing tool commonly called C‑PACE (commercial property‑assessed clean energy) that attaches voluntary repayment as a special assessment to a property to secure long‑term, fixed‑rate financing for building improvements.
Johnson described the program as a voluntary,…
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