PACE Assessment definition

PACE Assessment means a special assessment made against qualifying property in consideration of PACE Funding.

PACE Assessment or "assessment" means the special assessment placed on a

PACE Assessment means the special assessment placed on a PACE property in

Examples of PACE Assessment in a sentence

• The sum of all debt secured by the subject property, the new PACE Assessment and all involuntary liens as described herein must not exceed the subject property’s market value.

• Bond Counsel shall prepare the Issuance Certificate for the applicable PACE Bonds to be secured by the applicable PACE Assessment Contract(s) in substantially the form on file with the Authority.

• Essentially, if there is no PACE Assessment, the market value of the PV system at each 5-year interval would be the value indicated by the income approach, and any adjustments made by the appraiser.

• First, this paper compares the “estimated” value of a hypothetical PV system, looking at one owned outright, financed through a conventional mortgage and financed though a Property Assessed Clean Energy (PACE) Assessment.

• Upon closing, the PACE Assessment Memorandum will be recorded and the property will be subject to a Special Assessment.

More Definitions of PACE Assessment

PACE Assessment means an assessment made against qualifying property to repay a PACE loan.

PACE Assessment means a voluntary contractual assessment, voluntary special tax, or special tax, as described in subdivisions (a), (b), and (c) of Section 26054 of the Public Resources Code.

PACE Assessment means a given annual PACE Assessment levied as an Assessment pursuant to Section 13-3205(7) of the Act.

PACE Assessment means the non-ad valorem assessment securing repayment of financing offered to a property owner for a qualifying improvement.

PACE Assessment or "assessment" means the special assessment placed on a PACE property owner's property tax or other special assessment bill, to be collected by RIIB on behalf of the PACE municipality in which that PACE property is located and remitted to the RIIB or lender that has financed that PACE project. The PACE assessment shall be owed by the current owner of the related PACE property as of the time each PACE assessment comes due. In the event of a transfer of ownership, all PACE assessments coming due after the date of the transfer, by foreclosure or otherwise, shall be owed by the transferee.

PACE Assessment means the non-ad valorem assessment placed on a property owner’s tax bill as a result of financing obtained pursuant to the PACE Financing Agreement.

PACE Assessment or "assessment" means the special assessment placed on a PACE property owner's property tax or other special assessment xxxx, to be collected by the PACE municipality in which that PACE property is located and remitted to the RIIB or lender that has financed that PACE project. The PACE assessment shall be owed by the current owner of the related PACE property as of the time each PACE assessment comes due. In the event of a transfer of ownership, all PACE assessments coming due after the date of the transfer, by foreclosure or otherwise, shall be owed by the transferee.