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Council adopts CPACE financing program allowing voluntary energy/water efficiency projects
Summary
After a staff presentation and questions about administration and lender priority, the council adopted Resolution 24091 to establish a CPACE program for Coeur d’Alene, providing a voluntary mechanism for property owners to secure long‑term financing for energy and water improvements with a $500 application fee and a 1% service fee capped at $50,000 per project.
The City Council voted to adopt Resolution No. 24091, establishing a Commercial Property Assessed Clean Energy (CPACE) program for Coeur d’Alene under enabling state legislation (cited in the staff presentation as Idaho Code, Chapter 67, §38).
Staff described CPACE as a voluntary financing mechanism that allows private property owners to finance energy efficiency, renewable energy and water conservation improvements through a lender; the loan is repaid via a special assessment attached to the property tax bill. Staff said the city’s role is administrative: receive applications, confirm they meet statutory and program criteria, sign necessary city documents,…
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