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Rexburg council adopts CPACE program, accepts multiple grants and approves zoning, budget and surplus items
Summary
At its Nov. 6 meeting the Rexburg City Council adopted a commercial property assessed clean energy (CPACE) program after a public hearing, accepted federal and state grants including a $2 million ITD award, approved zoning and permit items, and ratified several routine budget and administrative actions.
The Rexburg City Council approved several measures at its Nov. 6 meeting, including establishing a local CPACE financing program, accepting transportation and safety grants, approving multiple zoning actions and routine budget items.
CPACE adopted after public hearing: Council opened a public hearing on a Commercial Property Assessed Clean Energy (CPACE) program and then voted to adopt resolution 2024-15 (after a prior resolution setting the hearing). Shelby DuPont of Nuveen Green Capital, representing a CPACE capital provider, testified in favor, saying Nuveen is ready to work with local property owners and that the firm anticipates "over $12,000,000 in investment through this program by the end of the year." Council members asked clarifying questions about developer interest and…
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