Ann Arbor OKs Clean Energy Bonds
The Ann Arbor city council has approved the issuance of bonds that will assist owners of commercial property in making improvements designed to help save energy under the city’s property assessed clean energy (PACE) program. The vote was taken at the council’s Feb. 19, 2013 meeting, having been postponed by the council on Feb. 4, 2013.
The initial decision to postpone stemmed from the fact that the item had not been added to the agenda until the day of the Feb. 4 meeting.
The sale of up to $1 million in bonds will support energy improvements to be undertaken by five property owners. In broad strokes, the PACE program is enabled by state legislation – the Property Assessed Clean … [Full Story]