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Sherburne Joins Clean Energy Program <br />Sherburne County is excited to announce a partnership with the St. Paul Port Authority to <br />administer the Property Assessed Clean Energy Program (PACE). PACE allows property <br />owners to borrow money from newly established municipal financing districts to finance energy <br />retrofits (efficiency and renewable energy measures). The property owners then repay the loan <br />through an annual special assessment on their property tax bill. Interested property owners <br />evaluate measures that achieve energy savings and receive 100% financing which is repaid over <br />time up to 20 years. <br />PACE is a financing tool used to assist commercial and industrial businesses (including agri- <br />business) and multifamily housing properties with improvements that substantially increase <br />energy efficiency. PACE allows businesses to make these fixture improvements without the up- <br />front capital outlay. Costs for the improvements are paid back through a special assessment on <br />their taxes. The increase in property taxes is offset by the decrease in energy costs so that the <br />business sees no change in the bottom line. Dan Weber (contact person for Sherburne County <br />Economic Development) said: "Sherburne County is interested in providing opportunities for <br />our businesses to remain competitive in today's economy. This is one tool that can assist in <br />reaching that objective." <br />Sherburne County is committed to helping businesses from all sectors find the resources they <br />need to thrive. Interested businesses should contact Princeton Community Development <br />Director, Carie Fuhrman, 763 -389 -2040 or Zimmerman City Administrator, Randy Piasecki, <br />763i -856 -4666 ext. 24 or visit www.co.sherburne.mn.us. <br />The Sherburne County Board of Commissioners approved this partnership with the St. Paul Port <br />Authority at their meeting on May 6, 2014. <br />32 <br />