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6 <br /> Slide#7 <br /> For more details/questions on the C-PACE <br /> Program: <br /> Mr. Larry Price <br /> Director of Finance <br /> Economic Development Partnership of NC <br /> Amy Eckberg said Larry Price, the Director of Finance for the Economic Development <br /> Partnership of NC was in attendance. <br /> Commissioner Carter asked if there would be an impact to C-PACE given the uncertainty <br /> of state and federal funds. <br /> Larry Price said EDPNC is planning to run the program with existing resources and that <br /> they are petitioning for funding. <br /> Commissioner Fowler asked if there is an administration fee. <br /> Larry Price said for every project that closes, EDPNC will collect 1% of the loan value up <br /> to$25,000, and there are additional $750 and $500 application fees. He said that funding supports <br /> the C-PACE program at the state and county level. <br /> A motion was made by Commissioner Fowler, seconded by Vice-Chair Hamilton, to open <br /> the public hearing. <br /> VOTE: UNANIMOUS <br /> Jon Hartman-Brown, Economic Development Director for the Town of Carrboro, said the <br /> town supports the adoption of the C-PACE program. He said the tool aligns well with the shared <br /> goals climate action, economic development, and community resiliency. He said C-PACE <br /> empowers commercial property owners to invest in energy efficiency and renewable energy <br /> without upfront costs and burdening public budgets. He said it is a fiscally responsible way to <br /> advance climate commitments while supporting economic growth. He said the town is ready to <br /> collaborate on this program. <br /> A motion was made by Chair Bedford, seconded by Commissioner Fowler, to close the <br /> public hearing. <br /> VOTE: UNANIMOUS <br /> A motion was made by Commissioner Fowler, seconded by Commissioner McKee, to <br /> approve the resolution to adopt the C-PACE program in Orange County. <br /> VOTE: UNANIMOUS <br />