Board directs staff to schedule public hearing on county CPACE program
The board voted 5–0 to direct staff to schedule a public hearing to adopt an ordinance implementing a county Commercial Property Assessed Clean Energy (CPACE) program; staff outlined a recommended 1% fee (capped at $75,000) and lien treatment similar to a local improvement district.
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Dan Johnson, director of Transportation and Development, and Laura Edmonds, economic development manager, returned to the board with a follow-up briefing on a proposed Commercial Property Assessed Clean Energy (CPACE) program. Staff said the board previously directed them to investigate CPACE and that the program would provide a financing mechanism to help owners of qualifying commercial real property pay for energy-efficiency and seismic rehabilitation improvements.
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