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Clackamas County adopts CPACE program in unanimous vote
Summary
The board on April 23 adopted an ordinance establishing a Commercial Property Assessed Clean Energy (CPACE) program, approving emergency adoption so it could pass without a second reading. County staff said private capital providers will fund projects; no county general funds are involved.
The Clackamas County Board of Commissioners adopted an ordinance on April 23 creating a Commercial Property Assessed Clean Energy program, known as CPACE, authorizing county staff to administer program processes required by state statute and to record related liens.
Dan Johnson, director of Transportation and Development, told the board the program is intended to be a financing tool in which private capital providers make loans to commercial property owners and the county ensures loan applications meet statutory…
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