Title
Introduction of Incorporated County of Los Alamos Ordinance No. 738 An Ordinance Enacting an Improvement Special Assessment Program Within Los Alamos County; Designating the County Manager or Designee to Administer the Program and Execute Necessary Documents to Enable Special Assessment Financing Within Los Alamos County; Approving the Program Guidebook and Related Documents Required to Implement the Program; and Providing for Other Matters Properly Relating Thereto (Referred to as the Commercial Property Assessed Clean Energy [C-PACE] Program)
Recommended Action
I introduce, without prejudice, Incorporated County of Los Alamos Ordinance No. 738; An Ordinance Enacting an Improvement Special Assessment Program Within Los Alamos County (Referred to as the Commercial Property Assessed Clean Energy (C-PACE) Program) and ask staff to assure that it is published as provided in the County Charter.
Utilities Manager's Recommendation
The Utilities Manager recommends that the Council introduce Ordinance No. 738.
Board, Commission or Committee Recommendation
The Board of Public Utilities approved this request at their regular meeting on December 4, 2024, and the Environmental Sustainability Board approved this request at their regular meeting on December 19, 2024, and both boards recommend that Council introduce and subsequently adopt Ordinance No. 738.
Body
The Commercial Property Assessed Clean Energy (C-PACE) Program is a financing structure enabled by state statute and local ordinance that provides eligible property owners with access to long-term fixed-rate financing for a range of energy efficiency, renewable energy, water efficiency, and resiliency improvements. The program allows local governments to secure the financing via a special improvement assessment on the improved property. New Mexico first enacted C-PACE legislation in 2009, later followed by the Improvement Special Assessment Act enacted in 2023 via House Bill 228, which authorized counties...
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