A.
PACE administration contract. Pursuant to 35-A M.R.S.A. § 10154(2)(A)(2)
and (B) of the state enabling legislation, the City may enter into
a PACE administration contract with the Trust to administer the functions
of the PACE program for the City. The PACE administration contract
with the Trust will establish the administration of the PACE program,
including, without limitation, that:
(1)
The Trust will enter into PACE agreements with owners of qualifying
property in the City's PACE district;
(2)
The Trust, or its agent, will create and record a notice of the PACE
agreement in the Cumberland County Registry of Deeds to create a PACE
mortgage;
[Amended at time of adoption of Code (see Ch. 1, General
Provisions, Art. II)]
(3)
The Trust, or its agent, will disburse the PACE loan to the property
owner;
(4)
The Trust, or its agent, will send assessment statements with payment
deadlines to the property owner;
(5)
The Trust, or its agent, will be responsible for collection of the
PACE assessments;
(6)
The Trust, or its agent, will record any lien, if needed, due to
nonpayment of the assessment; and
(7)
The City, the Trust, or the Trust's agent promptly shall record the
discharges of PACE mortgages upon full payment of the PACE loan.
B.
Adoption of education and outreach program. In conjunction with adopting
this PACE Ordinance, the City shall adopt and implement an education
and outreach program so that citizens of City are made aware of home
energy saving opportunities, including the opportunity to finance
energy savings improvements with a PACE loan.
C.
Assistance and cooperation. The City will assist and cooperate with
the Trust in its administration of the City's PACE program.
D.
Assessments not a tax. The PACE assessments do not constitute a municipal
tax but may be assessed and collected by the Trust in any manner determined
by the Trust and consistent with applicable law.
A.
Notwithstanding any other provision of law to the contrary, the municipal
officers and municipal officials of the City, including, without limitation,
the Tax Assessor and Tax Collector, are not personally liable to the
Trust or to any other person for claims, of whatever kind or nature,
under or related to PACE program, including, without limitation, claims
for or related to uncollected PACE assessments.
