C-PACE Assessment definition

C-PACE Assessment means a local improvement assessment, in accordance with chapter 56 of Title 40 of the Revised Statutes, imposed by a participating municipality on a property, with the consent of the owner of the property, 2and determined based upon either the existing use of a property or the contemplated use of unimproved property upon completion of new construction,2 as a means of securing financing provided pursuant to section 9 of P.L. , c. (C ) (pending before the Legislature as this bill) to finance a C-PACE project at the property, payments in respect of which assessment are collected by the participating municipality and remitted to the entity that provided the financing or its designee.
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C-PACE Assessment means a local improvement assessment, in
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C-PACE Assessment means the C-PACE assessment authorized by the Act, and as further defined at C.R.S. § 32-20-103(14).
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Examples of C-PACE Assessment in a sentence

  • The fee shall reflect the reasonable and actual cost of the billing, collecting, and remitting of the annual amounts due for the C-PACE assessment.

  • A local C-PACE program ordinance adopted by a county shall establish a program for the benefit of municipalities located within the county, but participating municipalities shall remain responsible for the process of levying, billing, collecting, remitting, and enforcing the C-PACE assessment.

  • Financing for the implementation of C-PACE projects, including the refinancing of an investment in an existing improvement that qualifies as a C-PACE project, provided the existing improvement was completed no more than three years prior to the submission of an application to the Garden State C-PACE program or local C-PACE program for the financing, shall be made available to property owners in exchange for a C-PACE assessment on the property.

  • A participating municipality may charge the property owner an annual fee for the billing, collecting, and remitting of the C-PACE assessment.

  • The Garden State C-PACE program shall consist of the development of uniform assessment documents and program guidelines for the financing of C-PACE projects to be undertaken by property owners as local improvements and the provision by ordinance, subject to the approval of the authority, for a C-PACE assessment to be imposed on properties within the municipality, if the owner of a property requests the C-PACE assessment in order to undertake and finance a C-PACE project.

  • C-PACE projects on an individual property subject to the same C-PACE assessment agreement collectively shall constitute a separate local improvement and shall be assessed separately to the property owner benefitted thereby.

  • In addition to prescribing criteria for qualifying a C-PACE project for a C-PACE assessment pursuant to subsection b.

  • QUESTION: Can you impose a CPACE assessment on tax-exempt property (owned by government or nonprofit entities)ANSWER: YES.


More Definitions of C-PACE Assessment

C-PACE Assessment means the aggregate amount of all Annual Assessments, which Annual Assessments shall be levied by the County as municipal contractual assessments pursuant to 19 O.S. § 460.5.
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C-PACE Assessment means a voluntary, special assessment levied against a Property, at a Borrower’s request, to cover the debt service and recurring fees of a C-PACE Loan benefitting the Property.
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C-PACE Assessment means a voluntary, special assessment in the C-PACE Loan Amount, levied against a Property at a Borrower’s request, to cover the debt service and recurring fees of a C- PACE Loan.
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C-PACE Assessment means a Commercial PACE Assessment authorized by the C-PACE Act for repayment of the financed amounts for Energy Savings Improvements.
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C-PACE Assessment means the C-PACE assessment authorized by the Act, as further defined at § 32-20-103(14).
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C-PACE Assessment means the voluntary non-ad9valorem assessment placed on a property owner's tax10bill as a result of financing obtained pursuant to the11C-PACE Financing Agreement.12
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Related to C-PACE Assessment

  • conformity assessment body means a body that performs conformity assessment activities including calibration, testing, certification and inspection;

  • Risk assessment means a programme to determine any risk associated with any hazard at a construction site, in order to identify the steps needed to be taken to remove, reduce or control such hazard;

  • Data Protection Impact Assessment means an assessment by the Controller of the impact of the envisaged processing on the protection of Personal Data;