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Yamhill County moves to adopt C‑PACE program framework after presentations from MEDP and private lenders
Summary
Following presentations from CPACE Equity and the McMinnville Economic Development Partnership, commissioners gave consensus direction to staff to prepare the ordinance/resolution and implementing documents so the county can offer Commercial Property Assessed Clean Energy financing to commercial property owners; staff will notify utilities and return for formal adoption.
Don Schultz of PACE equity and Patty Herzog, executive director of the McMinnville Economic Development Partnership, briefed the Board on Commercial Property Assessed Clean Energy (C‑PACE) financing and urged the county to adopt a local program.
Schultz described C‑PACE as private capital repaid through a voluntary special assessment lien on commercial real property to finance energy‑efficiency, seismic retrofit, HVAC, water‑conservation and similar improvements. He said the capital is private and the county would not pledge taxpayer funds; the lien is attached to…
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