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24 <br /> III. C-PACE Program Guidelines <br /> These Program Guidelines are established as part of the C-PACE Toolkit, which includes <br /> information of the C-PACE Program, approval criteria, and forms necessary for property owners <br /> to obtain C-PACE financing. <br /> 1. Program Participation <br /> Counties and cities may join the voluntary, statewide C-PACE Program by taking the following <br /> actions (N.C.G.S. §160A-239.15). Forms of Resolution of Intent Template (Exhibit A) and form of <br /> Resolution to Participate in the North Carolina C-PACE Program Template (Exhibit 8) are <br /> provided by EDPNC. <br /> ❑ Adopt a Resolution of Intent that includes: <br /> (1) Authorization for the C-PACE Program to operate within its jurisdictional boundaries and <br /> for EDPNC to provide administrative services <br /> (2) A statement that the local government intends to: <br /> (1) authorize C-PACE financing <br /> (ii) authorize the imposition of C-PACE assessments on qualifying commercial properties <br /> benefitting from qualifying improvements to secure repayment of C-PACE financing <br /> (iii) assign the C-PACE lien to the capital provider providing C-PACE financing <br /> (iv) delegate billing, collection, and enforcement duties for the C-PACE assessment and <br /> C-PACE lien to capital providers <br /> (3) A statement that the amount of a C-PACE financing and related assessment repayment <br /> terms shall be pursuant to the related financing agreement <br /> (4) A statement identifying the local government department or employee that shall, upon <br /> receipt of an approved project application for C-PACE financing within its jurisdictional <br /> boundaries from the statewide administrator, execute documents related to the C-PACE <br /> assessment on behalf of the local government <br /> (5) A statement that the local government shall be reimbursed by the statewide administrator <br /> for the actual and reasonable costs associated with the performance of the duties described <br /> in (4) <br /> (6) A statement of the time and place for a public hearing on the proposed program <br /> ❑ Conduct a public hearing on the proposed C-PACE Program <br /> ❑ Adopt a Resolution to join the C-PACE Program after conducting a public hearing <br /> o If a city wishes to participate in the C-PACE Program, the Resolution shall be effective <br /> only with the concurrence of the governing body of the respective county (Template <br /> Form provided in Exhibit C) <br /> 2. Program Administration <br /> The Economic Development Partnership of North Carolina (EDPNC) is the statewide <br /> administrator of the North Carolina C-PACE Program, with support from the program sponsor, <br /> The North Carolina Department of Commerce. EDPNC will review Project Applications to confirm <br /> that they meet requirements of statute. After approving a Project Application, EDPNC will <br /> coordinate with the related participating local government for execution of the Assessment <br /> Agreement (Exhibit G), Notice of C-PACE Assessment and Lien (Exhibit H), and Assignment of <br /> C-PACE Lien and Assessment Agreement (Exhibit 1). The Assessment and Notice may be <br /> recorded by either EDPNC or the property owner and capital provider in the local government's <br /> county register of deeds. Annual reports regarding the C-PACE Program will be submitted by <br /> EDPNC to the North Carolina Department of Commerce annually. <br /> 4 <br />