For the purposes of this chapter:
"Eligible property"
means a privately owned commercial or industrial property located within the Municipality of Anchorage including new construction.
"Market value"
means the assessed value of the current tax year or the current or prospective market value as determined by an Alaska-certified appraiser, as further defined by the C-PACER Handbook.
"Owner contract"
means a document executed by the municipality and the record owner of an eligible property to impose an assessment to repay the financing of a qualified improvement project on that property.
"PACER"
means property assessed clean energy and resilience.
"Qualified improvements"
are those eligible improvements under this chapter that are fixed to new construction or existing privately owned commercial or industrial property and that (1) are energy improvement projects designed to reduce energy consumption or demand, energy costs, or emissions affecting local air quality, including a product, device, or interacting group of products or devices that use energy technology to generate electricity, provide thermal energy, or regulate temperature; or (2) improve building resilience; resilience improvement projects include projects for seismic improvements, stormwater management, flood mitigation and protection, fire hardening, fire or wind resistance, erosion management, snow load management, microgrids for energy storage and backup power generation, water or wastewater efficiency including reuse and energy recovery, electric vehicle charging stations, retrofitting that improves the envelope, structure, or systems of the building, and any other improvement project approved by a municipality as a resilience improvement project.
"Required review"
means an appropriate review of the energy, emissions, or resilience baseline conditions, the projected reduction in energy costs, energy consumption or demand, or emissions affecting local air quality, or an increase in resilience that is obtained from licensed engineers, qualified energy auditors, or other similarly certified or licensed professionals per the C-PACER Handbook.
"Third party administrator"
means a third party contracted by the municipality to provide certain professional services necessary to administer the PACER program.
(AO No. 2020-115, § 2, 11-4-2020; AO No. 2023-55, § 1, 5-9-2023)
A. 
The terms of the PACER program are set out in the program report which shall be available at the Community Development Department, City Hall, 632 W. 6th Avenue, Anchorage, Alaska and on the municipality's website, muni.org.
(AO No. 2020-115, § 2, 11-4-2020; AO No. 2021-114, § 5, 1-31-2022)
A. 
The municipality may impose fees to offset the costs of administering the PACER Program. The fees authorized under this subsection may be assessed as a:
1. 
Program application fee paid by the property owner applying to the program;
2. 
Component of the interest rate on the assessment in the owner contract; or
3. 
Combination of 1. and 2. of this subsection.
(AO No. 2020-115, § 2, 11-4-2020)
Any decision of the municipal manager, the municipal manager's designee, or third party administrator under this AMC chapter 12.75 may be reviewed by the office of administrative hearings in accordance with AMC chapter 3.60.
(AO No. 2020-115, § 2, 11-4-2020)