[Ord. of 7-12-2010]
In order to access PACE loans for home energy savings improvements,
participating property owners must conform to the requirements of
the Home Energy Savings Program administered by the Trust or any successor
or corollary program adopted by the Trust for the purpose of administration
of PACE loan funds.
[Ord. of 7-12-2010]
If the Trust adopts standards, promulgates rules, or establishes
model documents subsequent to the City's adoption of this chapter
and those standards, rules or model documents substantially conflict
with this chapter, the City, should it desire to remain eligible to
participate with the Trust in this program, will be required to take
necessary steps to conform this chapter and its PACE Program to those
standards, rules, or model documents.
[Ord. of 7-12-2010]
PACE agreements entered into pursuant to this chapter shall
specify that all rights of participating property owners related to
carbon emissions reductions from energy-saving improvements are deemed
to be assigned by the property owner(s) to the Trust and are held
by the Trust for the purpose of quantifying, monetizing and/or marketing
aggregated carbon emission reductions in the State of Maine.
