Agenda 10-07-2025; 8-h - Adoption of a Resolution of Intent for Orange County to Participate in the North Carolina Commercial Property Assessed Capital Expenditure (C-PACE) Program

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Section 3. The amount of any C‐PACE Financing and related C‐PACE Assessment repayment terms shall be pursuant to an agreement by and among the County, the Statewide Administrator, a “property owner” (as defined in the C‐PACE Act, a “Property Owner”) and Capital Provider (an “Assessment Agreement”) and a financing agreement between a Property Owner and a Capital Provider in which a Property Owner agrees to repay a Capital Provider for the C‐PACE Financing provided, including, but not limited to, any finance charges, fees, debt servicing, accrual of interest and penalties, and any terms relating to the treatment of prepayment and partial payment, and the billing, collection, and enforcement of the C‐PACE Financing. Section 4. The Orange County Tax Office shall, upon receipt from the Statewide Administrator of an approved project application for C‐PACE Financing within the jurisdictional boundaries of the County, execute an Assessment Agreement, a Notice of C‐PACE Assessment, and an Assignment of C‐PACE Lien. Section 5. The County shall be reimbursed by the Statewide Administrator for the actual and reasonable costs associated with the performance of the duties described in Section 4 hereof. Section 6. A public hearing on the C‐PACE Program will be held by Orange County on October 21, 2025 at 7pm at Southern Human Services, 2501 Homestead Road, Chapel Hill, NC 27514. Section 7. Nothing in this resolution shall be interpreted as authorizing the County to pledge, offer, or encumber its full faith and credit, and the County shall not pledge, offer, or encumber its full faith and credit in connection with any C‐PACE Financing. Section 8. Should any provision or provisions of this Resolution be declared invalid or unenforceable in any respect by final decree of any court of competent jurisdict ion, the invalidity or unenforceability of any such provisions shall not affect the remaining provisions of such Resolution. Section 9. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, hereby repealed. Section 10. This Resolution shall take effect upon its adoption. * * * * * * * ADOPTED this 7th day of October, 2025. I, _________________, Clerk for Orange County, North Carolina, DO HEREBY CERTIFY that the foregoing is a true and complete copy of a resolution adopted by Orange County, North Carolina at a regular meeting duly called and held on ______________. WITNESS my hand and the official seal of Orange County this ____ day of ___________, 20__. ___________________________________ Clerk to the Board, Orange County, NC 4