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C-PACE stakeholder outreach session - Shared screen with speaker view
dan_clarkson
43:24
Just clarifying that the Program anticipates provisions for re-financing either projects that are already underway when the Program is approved or that have been recently completed (3-year provision), as long as all other eligibility requirements are met?
Melissa Tatro, Hermanson
44:14
Can you elaborate on WHO can be a third party verifier in the initial application process?
Ben Roush (FSi Engineers)
45:04
The model statute doesn't seem to say that technical review should be third party, which would allow folks to self certify their own projects--is that the intent, or is technical review by a third party only like the majority of PACE states?
Court Olson
46:41
Yes, a third party is required by law.
Louis Jean Dunn
47:49
Will you have Loans or can you have bonds?
Sara Dawkins
49:04
Can the building owner also act as the contractor?
Louis Jean Dunn
50:04
In CA and many other locations the PACE issuer can issue a bond versus a loan
Court Olson
50:05
There is nothing in the law that would prohibit the building owner from being their own contractior.
Michael Yaki - Petros PACE Finance
50:39
No bonds. Direct financing only between the capital provider and the property owner
Zions Equipment Finance - Pat Doud
51:45
What will be the fee structure? PropertyFit in OR has a .25% annual fee which seems excessive.
Christine Bunch, (she/her) City of Seattle
52:48
Build awareness through existing program resources such as utility programs, Dept of Commerce and city programs. Also, promote program through HVAC distributors and contractor networks.
Bali Kumar (PACE Loan Group)
53:20
Have you looked into starting the process to get HUD to approve PACE financing in Washington state? The first step (which takes forever) is to get a letter from the state AG's office that confirms their understanding of PACE as a property tax lien.
Bali Kumar (PACE Loan Group)
54:06
not residential
Bali Kumar (PACE Loan Group)
54:10
multifam
Jennifer Meisner
54:31
This program can also be promoted though historic preservation advocacy organizations including the Washington Trust for Historic Preservation and Historic Seattle.
Bali Kumar (PACE Loan Group)
54:36
bali@paceloangroup.com - shoot me a note - happy to discuss further
Morgan Torres, King County
54:53
Links to public sites: Kingcounty.gov/PACE
Morgan Torres, King County
55:08
https://publicinput.com/C-PACER
Court Olson
55:31
Also, the program can be promoted for seismic upgrade work to improve resilience and safety of a building.
Louis Jean Dunn
55:47
Does the PACE lien appear on the property tax bill? Does King County collect the PACE payments?
Bali Kumar (PACE Loan Group)
56:10
they mentioned direct payment earlier, not on-bill
J Todd Scott
56:16
Thanks Court, the seismic upgrade might be one of the best opportunities for many buildings.
Liz VanDenBerg - BOMA Spokane
58:17
Thank you Rachel and Morgan!!
Michael Bergstrom (UMC)
58:35
Are their cost-effective metrics for resiliency measures?