Item:
Title
Adopt a Resolution Declaring Intent of Durham County to Participate in the Commercial Property Assessed Capital Expenditure (C-PACE) Program and Announcing a Public Hearing on May 26, 2026
Body
Date of BOCC Meeting: May 11, 2026
Request for Board Action:
Agenda Text
The Board is requested to adopt a resolution declaring intent of Durham County to participate in the Commercial Property Assessed Capital Expenditure (C-PACE) Program and to announce a public hearing on this topic on May 26, 2026, at 7:00 P.M.
This program will allow commercial and non-profit entities to access financing for energy efficiency, renewable energy, and resilience projects on their properties. These types of projects often have longer payback periods that are difficult to justify on a building that might be sold before the return on investment is achieved. Because C-PACE financing is tied to a lien on the property, it can be passed along to the next owner, thus reducing the risk to the original owner who is making the investment. This financing can be an incentive for commercial, agricultural, industrial, and multifamily property owners to reduce greenhouse gas emissions, install renewable energy systems, and improve their property to increase resilience to disasters.
Joining the statewide CPACE program does not expose a local government to any financial or legal liability (N.C.G.S. §160A-239.16 (a)). Private capital providers and the statewide administrator, EDPNC, will assist interested commercial property owners to apply for C-PACE financing. Local governments that join the C_PACE Program will be reimbursed for actual and reasonable costs associated with executing documents related to C-PACE assessments up to $500 per project. Except for executing documents necessary for a C_PACE financed project, there is no other administrative involvement by the local government. Joining the C_PACE Program is a voluntary 3-step process, with support of EDPNC:
1. Adopt a Resolution of Intent
2. Hold a public hearing
3. Adopt a final Resolution to join the C-PACE Program
Alignment with Strategic Plan: This request aligns with Durham County Strategic Goals: Sustainable Infrastructure & Environment and Empowered Community.
Resource Persons: Tobin L. Freid, Sustainability Manager; Matthew Filter, Economic Development Manager; Peri Manns, Deputy Director Engineering & Environmental Services
County Manager’s Recommendation: The County Manager recommends that the Board adopt a resolution declaring intent of Durham County to participate in the Commercial Property Assessed Capital Expenditure (C-PACE) Program and to announce a public hearing on this topic on May 26, 2026, at 7:00 P.M.
Signature
County Manager: ____________________________