Economic Development director outlines proposal for Lancaster ESID and PACE financing
Economic Development Director Stephanie Bosco presented a plan to create a Lancaster Economic Service Improvement District (ESID) and described how Property Assessed Clean Energy (PACE) financing could let downtown property owners access funds for property improvements; companion ordinances and a temporary resolution were listed on the Dec. 1 agenda.
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Economic Development Director Stephanie Bosco told the Finance Committee on Dec. 1 that city staff are pursuing creation of a Lancaster Economic Service Improvement District (ESID) and are examining how PACE financing could enable downtown property owners to fund building improvements. The presentation accompanied Temp Res #101-25 and companion Temp Ord #72-25 and #73-25, which are listed on the committee agenda.
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