Title
Ordinance establishing a Commercial Property Assessed Clean Energy (C-PACE) Program in Lake County.
Staff Summary
* In 2019, the Energy & Environment Committee passed a resolution declaring the County's intent to establish a Property Assessed Clean Energy (PACE) program in Lake County. An RFP was developed in early 2020 for the selection of a program administrator for Lake County's program.
* After delays due to the COVID-19 pandemic, The Illinois Energy Conservation Authority (IECA) was selected as the program administrator and throughout 2021 the program materials have been drafted.
* The ordinance establishes the program, creates the PACE area to finance the acquisition, construction, installation, or modification of energy projects, and designates IECA as the County's program administrator.
* Subsequent to the passage of the Ordinance, County staff will work with IECA to publicize the program and begin accepting applications.
Body
ORDINANCE
WHEREAS, the County of Lake, Illinois (the "County"), is a duly organized and existing unit of local government created and existing under the provisions of the laws of the State of Illinois (the "State"), and is now operating under the provisions of the Counties Code of the State of Illinois, as amended (the "Counties Code"), and is authorized pursuant to the Property Assessed Clean Energy Act of the State of Illinois, as amended (the "PACE Act"), to establish a property assessed clean energy program, the same being the "Lake County C-PACE Program" (the "PACE Program"), create a PACE area (as defined in the PACE Act) and finance and/or refinance energy projects (as defined in the PACE Act), and may, under the power granted by the Counties Code, as supplemented by the Local Government Debt Reform Act of the State of Illinois, as amended (the "Debt Reform Act"), and the other Omnibus Bond Acts, as amended, exercise certain powers and perform certain functions pertaining to its government and affairs, including,...
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