Delphos kicks off Energy District with city project

Businesses, government, healthcare, and educational facilities in Delphos have access to Property Assessed Clean Energy (PACE) financing now that the city is an Energy District, the Delphos Herald reports. Safety Service Director Shane Coleman “signed the paperwork for an $8,000 loan . . . for an energy-efficient lighting project at the water treatment plant,” kicking off the Energy District, according to the article. The district is sponsored by “the Toledo-Lucas County Port Authority through its Betterbuildings Northwest Ohio [BBNWO]”; financing will come from the BBNWO’s PACE program. Eligible projects include upgrades to energy efficiency for lighting, HVAC, and refrigeration, among others. For more, read the full article.

Energy Efficiency, Financial Incentives, Project Finance, State Updates

Bexley says CRA could fund Mayfield Place remediation and remodel

Bexley City Council is considering a Community Reinvestment Area (CRA) agreement that “would enable a private developer to environmentally remediate and remodel an apartment complex” in southwest Bexley, according to Mayor Ben Kessler, ThisWeek Community News reports. Ordinance 12-19, if approved, would allow “for a 100 percent, 15-year tax abatement on the new improvements” to Mayfield Place, according to the article. The legislation states that the developer “would undertake environmental remediation of contaminated soil at the Mayfield Place in accordance with the Ohio Environmental Protection Agency’s Voluntary Action Plan.” Council member Richard Sharp noted the city would not abate current taxes, but “future improvement and value.” For more, read the full article.

Economic Development, Environmental, Financial Incentives, Project Finance

Brecksville considers TIF for mixed-use project

The City of Brecksville is considering a TIF agreement to help finance the mixed-use Valor Acres development project proposed for the former U.S. Department of Veterans Affairs Brecksville hospital site, Cleveland.com reports. The 103-acre Valor Acres “may include stores, restaurants, apartments, hotels, hospitals, manufacturing plants, offices and-or laboratories,” according to the article. New property taxes generated from the development would fund infrastructure improvements; Mayor Jerry Hruby said in an email to Cleveland.com, “[w]e believe (a TIF) is the best option to develop the (Valor Acres) property and the area infrastructure.” Brecksville-Broadview Heights schools would not lose any existing property taxes under the TIF. For more, read the full article.

Economic Development, Financial Incentives, Project Finance, State Updates

Medina looking to create ESID to enable PACE financing

An Energy Special Improvement District (ESID) could be up and running in Medina by the summer, allowing businesses to use Property Assessed Clean Energy (PACE) financing, The Gazette reports. Medina Economic Development Director Kimberly Marshall and Medina County Economic Development Corp. Executive Director Bethany Dentler have been working on creating an ESID board “that would oversee projects funded through a PACE lender,” according to the article. Marshall “said she’s been approached by a couple of businesses interested in PACE financing,” and Dentler said PACE financing is “gaining popularity in the state of Ohio. . . . We want to use this tool.” For more, read the full article.

Economic Development, Project Finance, State Updates

Historic Dayton Arcade revitalization project is underway

With this week’s financial closings, the historic Dayton Arcade revitalization project is underway. For more, read the full article

Economic Development, Financial Incentives, Project Finance, Renewable Energy

Approval from city “sets stage” for Dayton Arcade’s financial close

The Dayton City Commission unanimously approved seven ordinances and two resolutions for the Dayton Arcade redevelopment, “setting the stage for the project’s much anticipated financial close,” the Dayton Business Journal reports. The commission approved authorizing the city manager to enter into Community Reinvestment Area (CRA) tax abatement agreements with Dayton Rotunda Commerical LLC and South Arcade Commerical LLC, “providing real property tax incentives to the project in accordance with the city’s agreement with Dayton Public Schools,” according to the article. Additionally, the commission approved “the petition and supplemental plan for special energy improvement projects” and authorized the city manager to execute an $11 million loan agreement with CityWide Development Corp. Bricker & Eckler LLP served as counsel to the City of Dayton for this important redevelopment project. For more, read the full article

Economic Development, Financial Incentives, Project Finance

Painesville energy improvements funded by NOPEC grants

Three separate grants from the Northeast Ohio Public Energy Council will enable Painesville Township to “begin multiple energy conservation improvements” in government buildings, The News-Herald reports. The grants, for approximately $50,000 each, “have been scheduled yearly from 2018 to 2020,” according to the article. Painesville will make improvements to its fire stations including replacement of HVAC systems with more efficient models and insulating ceilings in the bays. The Township Hall’s indoor lighting will be replaced with LED bulbs to lower energy usage. For more, read the full article.

Energy Efficiency, Project Finance, State Updates

Bricker attorney Caleb Bell to moderate C-PACE discussion at PACENation Summit

On April 4, 2019, Bricker & Eckler attorney Caleb Bell will moderate a PACENation Summit panel discussion entitled, “C-PACE Project From Start to Finish.” Participants will dig into the details of a C-PACE project from multiple angles: origination, administration, financing and more. For additional information, visit the event page.

Economic Development, Energy Efficiency, Project Finance

Solon will use $89K NOPEC grant for municipal facility upgrades

The city of Solon received a 2019 Energized Community Grant from Northeast Ohio Public Energy Council (NOPEC) for “nearly $89,000,” which it will use to “assist with municipal efficiency upgrades,” Cleveland.com reports. That money “will be added to the roughly $92,000 Energized Community Grant awarded by NOPEC late last year,” the article reports. City Finance Director Matt Rubino said Solon anticipates applying the combined $181,000 toward “new LED lighting and various equipment upgrades like heating, ventilation and air conditioning (HVAC) and other building systems.” For more, read the full article.

Energy Efficiency, Project Finance, State Updates

NOPEC grant will fund energy upgrades for Madison Township facilities

Madison Township will use part of a Northeast Ohio Public Energy Council (NOPEC) grant to purchase and install energy efficient replacement windows in the Bill Stanton Community Park banquet hall, The News-Herald reports. The township received a $47,362 NOPEC Energized Community grant for 2019, and “has a $31,000 carryover from the same program last year,” according to the article. Money from the grant will also be used to install “a new heating, ventilation and air conditioning unit for the township Administration Building.” For more, read the full article.

 

Energy Efficiency, Project Finance
  • 1
  • 2
  • 3
  • 4