Title
Adoption 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 move that Council adopt 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).
I further move that, upon passage, the Ordinance be published in summary form.
Utilities Manager's Recommendation
The Utilities Manager recommends that the Council adopt 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 recommends that Council 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 to impose, administer and disburse special assessments to encourage the development of certain property improvements (also called C-PACE financing). Eligible prope...
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