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After extended debate, Kent County adopts intent to create countywide PACE program
Summary
The board approved a resolution of intent to create a countywide Property Assessed Clean Energy (PACE) program after staff and a PACE administrator described lender-consent rules, typical loan terms, eligible measures and the next steps for a public hearing; vote was 18–1.
The Kent County Board of Commissioners adopted a resolution of intent to establish a countywide Property Assessed Clean Energy (PACE) program after an extended presentation and commissioner Q&A.
John Wiley, senior counsel with the PACE administrator, explained how PACE works and answered commissioners’ questions. He said every PACE project in Michigan requires senior-lender consent before closing, and lenders may limit loan amounts and terms: “every project in Michigan has…
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