2026-01-26-minutes-public-works-study-session

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KITTITAS COUNTY DEPARTMENT OF PUBLIC WORKS PUBLIC WORKS — BOARD OF COUNTY COMMISSIONERS STUDY SESSION STAFF REPORT STUDY SESSION DATE: January 26, 2026 TOPIC: Commercial Property Assessed Clean Energy and Resiliency (C-PACER) Program ACTION REQUESTED: Direct staff prepare enabling documents for C- PACER program. LEAD STAFF: Josh Fredrickson RECOMMENDATION: Direct staff to prepare enabling documents for consideration of the C-PACER program. BRIEFING SUMMARY: • Commercial Property Assessed Clean Energy and Resiliency (C-PACER) Program is a financing mechanism authorized by RCW 36.165 • C-PACER Program allows owners of eligible commercial properties to seek long- term financing from private capital providers • Loan agreement is between a private lender and the property owner, recorded at the County • County ordinance adoption would need to authorize C-PACER program within the County BACKGROUND: In 2020 Washington State Legislature approved RCW 36.165, adopting the Commercial Property Assessed Clean Energy and Resiliency (C-PACER) Program. The C-PACER Program is a financing tool for long-term funding for qualified improvements. This is a loan agreement between a private lender and the property owner. This program is an opt - in program for Counties to consider. To establish the.Program, the County would need to adopt an ordinance that would implement the program. DISCUSSION: Commercial Property Assessed Clean Energy and Resiliency (C-PACER) Program is a financing tool which enables building owners to pay for improvements. The debt does not appear as an obligation on the building owner's balance sheet, and the repayment obligation stays with the property rather than an owner whenever the building is sold. Private lenders fund improvements, including new and existing commercial, industrial,