Commissioners approve replacement PACE assessment for Roone project under 2024 state changes
Holly Houston of the Saint Paul Port Authority won board approval to remove a current PACE assessment and replace it with a new assessment starting in 2027; she said 2024 state law changes allow financing up to 30% of a property’s value and 30‑year terms and that the property owner will pay current assessments and taxes when the new loan closes.
The full story
The board approved a request from the Saint Paul Port Authority to remove an existing PACE (Property Assessed Clean Energy) assessment and replace it with a new PACE assessment under statutory changes enacted in 2024.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or