Laserfiche WebLink
non-profit, and multi -family buildings that improve the property. Financing is secured by <br />placing a lien on the property for the term of the debt, which can be 15-25 years. These <br />documents would be recorded with the County. As part of the process a fee can be <br />established to address County staff time and resources, to make the program cost -neutral. <br />If a C-PACER program is adopted, the County responsibilities include designating an <br />office or individual to review C-PACER applications according to a Program Application <br />Checklist and signing and recording the assessment agreement and associated forms. All <br />other responsibilities are performed by the Property owner and finance provider. <br />A development has inquired about including this program in the County. This would then <br />be part of their development financing. For Counties which opt -in to the C-PACER <br />Program, typical project steps would include the following: <br />- Property Owner develops a qualified C-PACER project <br />- Property owner identifies Capital Provider <br />- Property Owner completes application materials and submits documents to the <br />Program Administrator, typically the County <br />- Application reviewed <br />- Finalization of funding between the property owner and private financing <br />FISCAL IMPACT: <br />Unknown financial impact <br />ATTACHMENTS: <br />Exhibit 1: RCW 36.165 Commercial Property Assessed Clean Energy and Resiliency (C- <br />PACER) Program. <br />