Title
Amending Bill No. 190412, entitled "An Ordinance approving City participation in the Commonwealth's Property Assessed Clean Energy Program, all under certain terms and conditions," to modify the C-PACE program in conformity with Commonwealth legislation and to make other conforming changes, all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Section 3 of Bill No. 190412 (adopted September 14, 2019) is hereby amended as follows (matter added by amendment is in bold; matter deleted by amendment is in strikeout):
Section 3. Pursuant to the terms of the C-PACE Program, only qualified projects, meaning clean energy projects, resiliency improvement projects, indoor air quality projects, water conservation projects, or alternative energy systems (including those alternative energy systems that are affixed to the land or a building) requiring installation or modification of a permanent improvement to multi-family housing with five or more units (owned by an individual, partnership, limited liability corporation, corporation, or nonprofit), mixed-use property with no fewer than five residential units, agricultural, commercial or industrial real property shall be eligible for the program.
SECTION 2. Sections 7 and 8 of Bill No. 190412 (adopted September 14, 2019) is hereby amended as follows (matter added by amendment is in bold; matter deleted by amendment is in strikeout):
Section 7. Such assessments are secured by a first and prior lien against the real qualifying commercial property on which the assessment is imposed from the date on which the notice of the contractual assessment is recorded and until the assessment, interest, or penalty is satisfied. Such lien shall have the same priority status as a City tax or claim; shall run with the land; notwithstanding any other provision of law, shall not be accelerated or extinguished until fully repaid; and may be enforced in the same manner as deli...
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