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HomeMy WebLinkAboutItem V-PACE WI Support LetterApril 24, 2017 Mark L. Harris 112 Otter St P.O. Box 2808 Oshkosh, WI 54901 Subject: Wisconsin PACE Commission (www.pacewi.org) Dear Mr. Harris, The Oshkosh Sustainability Advisory Board seeks to enable property owners use Property Assessed Clean Energy (PACE) to finance qualified improvements in our jurisdiction. Pursuant to Wisconsin Statue 66.0627(8), PACE authorizes local governments to partner with private sector lenders to provide financing to property owners for qualified energy efficiency, water conservation and renewable energy- related building improvements. PACE offers businesses an attractive finance solution that is otherwise unavailable in the market. We would appreciate that the County Board of Supervisors consider the merits of PACE financing and make available this economic development tool to County property and business owners. Fortunately for Wisconsin counties and municipalities, there is already a Wisconsin PACE Commission that offers a solution to make PACE available to counties, cities and property owners statewide. The Wisconsin PACE Commission offers businesses in participating counties access to an open-market PACE program in which no County budget allocation is required. We encourage Winnebago County to join the Wisconsin PACE Commission (PACE Wisconsin). To learn more about PACE Wisconsin and the process to become a member county, see the enclosure and contact: Andy Phillips at von Briesen & Roper, S.C., Jon Hochkammer at the Wisconsin Counties Association or Jason Stringer at WECC. For more information about PACE Wisconsin visit www.pacewi.org. Thank you for considering this important economic development opportunity. We look forward to supporting your effort to bring the Wisconsin PACE Commission to Winnebago County. Sincerely, Margy Davey