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Gadsden County commissioners debate ordinance to let commercial property owners finance energy upgrades
Summary
At a March workshop the Gadsden County Board of County Commissioners discussed a proposed ordinance to establish a commercial property-assessed clean energy (CPACE) program that would let commercial and rental-property owners voluntarily finance energy-efficiency and wind-hardening upgrades through ad valorem assessments; commissioners asked for tax-collector input and noted state PACE litigation history.
Gadsden County Board of County Commissioners members discussed a proposed ordinance to authorize a commercial property-assessed clean energy (CPACE) program during a March workshop. The ordinance, presented by the clerk (Clerk), would allow commercial and multifamily rental property owners to voluntarily finance energy-efficiency, renewable-energy and wind-hardening improvements through ad valorem assessments.
"This is a commercial program and it's totally voluntary," said the presenter (Presenter), who told commissioners the multifamily portion would apply to rental properties, not owner-occupied homes. The presenter added that CPACE can lower financing costs for large projects, saying it can reduce borrowing costs "by 2 to…
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