Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Energy Financing topic
No spam. Unsubscribe anytime.
Commissioners approve PACE-style financing resolution after presentation by Texas PACE Authority representative
Summary
The court heard a presentation from a representative of the Texas PACE Authority describing a private, assessment-based financing program for energy and water-efficiency projects and approved a resolution and related administrative agreements to implement the program locally.
The Limestone County Commissioners Court heard a presentation from a Texas PACE Authority representative and moved to adopt a resolution to enable a county PACE-style financing program.
Tatum, identified on the record as representing the Texas PACE Authority, told the court the program "allows commercial property owners, industrial property owners to secure long long term financing for energy and water efficient improvements in their facilities," describing it as a private, assessment-based financing tool used by more than 100 cities and counties across the state. Tatum cited neighboring counties that have adopted similar programs as examples.
Court members discussed adopting the resolution and associated administrative and professional-service agreements to authorize the authority to administer the program. The record shows motions and seconds were made and the items were approved by voice vote; specific ordinance language, assessment details and implementation timelines were not recited in the public record excerpt.
The resolution and agreements recorded on the agenda are intended to establish county participation in the PACE program framework; the court did not provide detailed implementation dates or assessment mechanics during the meeting.
