RES-2025-050-Adoption of a Resolution of Intent for Orange County to Participate in the North Carolina commercial property

Browse Search

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 jurisdiction , 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 All resolutions or parts thereof in conflict herewith are , to the extent of such conflict, hereby repealed .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 , 1 d �,�►re� 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 02,4 . 0 S . WITNESS my hand and the official seal of Orange County this �L day of QcA ab , 20.g5 Ulf Clerk to the Bodd , Orange County, NCiY,lpyc a 54 art �„��o