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Plymouth approves MN PACE joint powers agreement and project certification
Summary
The council adopted a joint powers agreement with the Saint Paul Port Authority to offer MN PACE financing locally and certified a special-assessment charge for a proposed energy-improvement project; staff and a Port Authority representative explained program mechanics and eligibility.
The Plymouth City Council voted to authorize a joint powers agreement with the Saint Paul Port Authority to administer the MN PACE (Commercial Property Assessed Clean Energy) program in Plymouth and to certify special‑assessment charges for a specific parcel.
Michael (city staff) introduced the item and Holly Houston, vice president of finance with the Saint Paul Port Authority, presented program details. Houston described MN PACE as a financing tool that allows property owners to make energy‑efficiency or renewable improvements and repay via a voluntary special assessment on the property tax bill, adding, "It can cover up to 100% of the eligible costs. It's secured and repaid through the special assessment." She outlined eligibility rules (commercial properties, not residential condos, energy audits required, loan term up to useful life but no more than 30 years) and answered council questions about staff workload and how PACE fits into the capital stack.
Councilor Spoonham moved to adopt a resolution designating the Port Authority to implement and administer the PACE financing and to impose special assessments as needed; the motion was seconded and adopted by voice vote.
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