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File #: 220223    Version: 0
Type: Ordinance Status: Passed
File created: 6/1/2022 In control: COMMON COUNCIL
On agenda: Final action: 6/21/2022
Effective date: 7/12/2022    
Title: An ordinance relating to clean energy financing.
Sponsors: ALD. DIMITRIJEVIC, ALD. MURPHY
Indexes: ENERGY RESOURCES
Attachments: 1. Equity Impact Statement, 2. 2021 Wisconsin Act 175, 3. Hearing Notice List, 4. CAO Approval, 5. Notice published 7/11/22

Number

220223

Version

ORIGINAL

Reference

 

Sponsor

ALD. DIMITRIJEVIC AND MURPHY

Title

An ordinance relating to clean energy financing.

Sections

304-26.5-2-k                     am

Analysis

This ordinance expands the list of project types which are eligible for Property Assessed Clean Energy (PACE) financing.   

 

The Mayor and Common Council of the City of Milwaukee do ordain as follows:

 

Part 1. Section 304-26.5-2-k of the code is amended to read:

 

304-26.5  Clean Energy Financing.

 

2. DEFINITIONS.

 

k. "PACE loan" means a loan made by a PACE lender to a borrower under this section for brownfield >>revitalization<< [[remediation]], electric >>vehicle<< [[car]] infrastructure, energy-efficiency measures, >>energy reliability improvements,<< renewable energy projects, >>resiliency improvements, storm water control measures,<< water service line replacement and water efficiency improvements made to a commercial property. 

 

LRB

APPROVED AS TO FORM

 

 

____________________________

Legislative Reference Bureau

Date:  ______________________

 

 

 

Attorney

IT IS OUR OPINION THAT THE ORDINANCE

IS LEGAL AND ENFORCEABLE

 

 

____________________________

Office of the City Attorney

Date:  ______________________

Requester

 

Drafter

LRB177432-1

Kathleen Brengosz

May 31, 2022