Laserfiche WebLink
A. Introduction <br /> Through the Property Assessed Clean Energy Program ("PACE OF MN") the <br /> Saint Paul Port Authority (the "Port Authority"), working with Bremer Bank (the <br /> "Lender") helps to provide financing for the installation of energy efficiency <br /> improvements and renewable energy sources that are permanently fixed to eligible <br /> properties ("Improvements") located within the State of Minnesota. Property owners <br /> will repay PACE OF MN through an assessment levied against their property which is <br /> payable over years in semi-annual installments on property tax bills. The <br /> program is only for eligible properties. <br /> B. Project Scoping <br /> Eligible property owners can obtain an onsite survey by hiring a Home Energy <br /> Rating System ("HERS") rater, or equivalent. By participating in PACE OF MN, property <br /> owners are making a financial investment; this decision should be made based on both <br /> the efficiency and the cost effectiveness of the improvements. Conducting an energy <br /> audit will help property owners assess water conservation, energy efficiency, and <br /> renewable energy opportunities for their property. <br /> An onsite energy audit is required to participate in PACE OF MN. For more <br /> information, go to www.sppa.com. Conducting an energy audit will help property <br /> owners assess energy efficiency and renewable energy opportunities for their property. <br /> Costs incurred to conduct onsite audits or surveys may be included in your application <br /> for PACE OF MN Financing. <br /> Property owners will work directly with contractors to determine the scope of their <br /> project. As the project is defined, the property owner obtains a contractor's bid or <br /> determines the cost of the equipment if self-installing. <br /> C. Program Application <br /> Interested property owners can visit the PACE OF MN website (www.sppa.com)1 <br /> to complete a PACE OF MN application form (the "Application"). The Port Authority <br /> can also provide an Application by mail, e-mail or fax upon request. <br /> D. Title Check <br /> The Port Authority will verify property ownership by performing a title check. <br /> Applicants are responsible for the costs of the title check as follows: <br /> 1) Financing requests less than $5000: $100 <br /> 2) Financing requests $5000 to $49,999: $150 <br /> 3) Financing requests $50,000 to $199,999: $200 <br /> 4) Financing requests greater than $200,000: $250 <br /> Can we be more specific with this link? <br /> 1 <br /> 9835459v6 <br />