Orange County NC Website
Browse       Search
9 <br /> C. Renewable energy measure.—A renewable energy resource as defined <br /> in G.S. 62-133.8. <br /> d. Water conservation measure.—An equipment,physical component, or <br /> program change implemented to decrease water consumption or <br /> demand or to address safe drinking water. <br /> 15 Statewide administrator. —The Economic Development Partnership of North <br /> Carolina. <br /> "& 160A-239.13. Statewide C-PACE Program—authorization. <br /> (a) The State authorizes a statewide C-PACE Program in which any local government <br /> may participate. <br /> (b) The program sponsor is hereby authorized under this Article to oversee the C-PACE <br /> Program. <br /> "& 160A-239.14. Statewide C-PACE Program— administration. <br /> La) In the administration of the C-PACE Program, the statewide administrator shall do <br /> the following: <br /> Prepare a C-PACE toolkit in consultation with stakeholders and local <br /> governments and subject to approval by the program sponsor prior to <br /> accepting applications for C-PACE financing, which shall include, at a <br /> minimum, all of the following: <br /> a. A form of assessment agreement to be used between a local <br /> government and property owner specifying the terms of the C-PACE <br /> assessment. <br /> b. A form of notice of C-PACE assessment that identifies the qualified <br /> commercial property subject to the C-PACE assessment and the <br /> property owner consenting to the C-PACE assessment. <br /> C. A form of assignment of the C-PACE lien from the local government <br /> to the capital provider that cross-references the registry book and page <br /> number of the notice C-PACE assessmentig ving rise to the lien. <br /> d. A form of consent to a C-PACE assessment by the holder of a <br /> mortgage, deed of trust, or other lien upon the qualifying commercial <br /> property_ <br /> e. A form of project application with checklist requirements and <br /> corresponding documentation that will be required by the statewide <br /> administrator to approve a project application. <br /> (22,) Impose fees to offset the actual and reasonable costs of administering the <br /> C-PACE Program, including: <br /> a. An application fee not to exceed seven hundred fifty dollars($750.00). <br /> b. A processing fee assessed to the property owner whose application for <br /> C-PACE financing is approved, which shall be one percent (1%) of <br /> the total amount financed but shall not be more than twenty-five <br /> thousand dollars ($25,000). <br /> Establish the process for reviewing and evaluating applications, which shall, <br /> at a minimum, require the followingtprovided or demonstrated: <br /> a. For an existing building: (i) where renewable energy, energy <br /> efficiency, or water conservation measures are proposed, an energy <br /> analysis by a licensed engineering firm or engineer or another <br /> qualified professional listed in the C-PACE toolkit stating that the <br /> proposed qualifying ing improvements will result in more efficient use or <br /> conservation of energy that meets or exceeds then-existing State and <br /> federal building codes and efficiency standards or conservation codes, <br /> more efficient use or conservation of water, the reduction of <br /> Senate Bill 802 Session Law 2024-44 Page 3 <br />