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DESCRIPTION:Under Illinois law\, cities\, villages\, and incorporated towns
  (each a “Municipality”) may establish Commercial Property Assessed Clean 
 Energy (“C-PACE”) programs and create related ‘PACE areas’ in order to off
 er for-profit and non-profit owners of commercial\, industrial\, and multi
 -family (of 5 or more units) properties long-term\, fixed-rate financing o
 r refinancing for up to 100% of the costs of their respective alternative 
 energy\, energy efficiency\, renewable energy\, resiliency\, and water use
  improvement projects (each an “Energy Project”).  As a conduit issuer\, t
 he Illinois Finance Authority in its role as the Climate Bank of the State
  is focused on standardizing the structure of the C-PACE market to facilit
 ate more efficient access to non-recourse capital and lower financing cost
 s for participating Municipalities in Illinois.  Pursuant to its Strategic
  State Support Model\, the Authority avails a model local ordinance and fo
 rm assessment contract to Municipalities seeking to create ‘PACE areas’ in
  their communities.  Municipalities then permissively assign such assessme
 nt contracts to the Authority as a body politic and corporate created unde
 r the laws of the State in order to utilize its turnkey solution for fundi
 ng Energy Projects. \nSpeaker: Brad Fletcher\, Vice President\, Illinois F
 inance Authority\nSpeaker Bio\nThere is no cost to attend for IGFOA member
 s. \n\n \n\n\n\n\n\n
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SUMMARY:Free Virtual Roundtable: Introduction to C-PACE for Municipalities
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