The City hereby establishes a PACE program allowing property
owners to access financing for energy savings improvements to their
property through PACE loans administered by the Trust or its agent.
PACE loan funds are available from the Trust in municipalities that:
A.
Adopt a
PACE ordinance;
B.
Adopt and
implement a local public outreach and education plan;
C.
Enter into
a PACE administration contract with the Trust to establish the terms
and conditions of the Trust's administration of the municipality's
PACE program; and
D.
Agree to
assist and cooperate with the Trust in its administration of the municipality's
PACE program.
The City may, from time to time, amend this chapter to use any
other funding sources made available to it or appropriated by it for
the express purpose of its PACE program, and the City shall be responsible
for administration of loans made from those other funding sources.
