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An ordinance approving standardized forms, agreements, and other documents to be utilized by the Metropolitan Trustee in administering the C-PACER Program.
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WHEREAS, pursuant to Tenn. Code Ann. 68-205-101, et seq., the Metropolitan Government has adopted Ordinance No. BL2022-_____, amending the Metropolitan Code of Laws to add Chapter 5.22 (the "Chapter") to establish a Commercial Property Assessed Clean Energy and Resilience Program (the "Program") within Davidson County; and,
WHEREAS, pursuant to the Chapter, the Office of the Metropolitan Trustee (the "Trustee") serves as administrator of the Program and is charged with developing, and when required, executing on behalf of the Metropolitan Government, such forms, agreements, and other documents necessary to carry out the purposes and intent of the Program; and,
WHEREAS, the Trustee, in consultation with the Metropolitan Department of Law, has developed standardized forms, agreements, and other documents, attached hereto in their proposed forms as Collective Exhibit A, to be used in administering the Program; and,
WHEREAS, for each approved application for the Program, the Trustee will need to make routine changes, insertions, deletions, amendments, supplements and updates to the standardized forms, agreements, and documents-including, without limitation, the "Assessment Agreement" (Collective Exhibit A-3) and "Notice of Assessment Interest and C-PACER Lien" (Collective Exhibit A-4) that levy the C-PACER special assessment and lien-to reflect the particular characteristics of each C-PACER transaction such as the amount financed and time period of the C-PACER loan; and,
WHEREAS, from time to time, the Trustee may need to develop and adopt such additional forms and documents to aid in the administration of the Program.
NOW, THEREFORE, BE IT ENACTED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. That the Metropolitan Council hereby approves the use of the...
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