Source: https://ecode360.com/32834353
Timestamp: 2018-08-18 12:22:48
Document Index: 359529981

Matched Legal Cases: ['§ 97', '§ 97', '§ 97', '§ 97', '§ 97', '§ 97', '§ 97', '§ 97', '§ 1411', '§ 97', '§ 97', '§ 97', '§ 97', '§ 97', '§ 97']

City of Glens Falls, NY Energy Systems, Renewable
Ch 97 Art I Energize NY Benefit Financing Program
§ 97-1 Legislative findings, intent and purpose, authority.
§ 97-3 Establishment of Energize NY Benefit Financing Program.
§ 97-4 Procedures for eligibility.
§ 97-5 Application criteria.
§ 97-6 Opt-in; Energize NY Finance Agreement.
§ 97-7 Energy audit; renewable energy system feasibility study.
§ 97-8 Terms and conditions of repayment.
§ 97-9 Verification and report.
Chapter 97: Energy Systems, Renewable
Chapter 97 : Energy Systems, Renewable
[Adopted 8-8-2017 by L.L. No. 5-2017]
It is the policy of both the City of Glens Falls and the State of New York to achieve energy efficiency and renewable energy goals, reduce greenhouse gas emissions, mitigate the effect of global climate change, and advance a clean energy economy. The City of Glens Falls finds that it can fulfill this policy by providing properly assessed clean energy financing to property owners for the installation of renewable energy systems and energy efficiency measures. This article establishes a program that will allow the Energy Improvement Corporation ("EIC"), a local development corporation, acting on behalf of the City of Glens Falls, pursuant to the Municipal Agreement to be entered into between the City of Glens Falls and EIC pursuant to Article 5-G of the New York General Municipal Law (the "Municipal Agreement"), to make funds available to qualified property owners that will be repaid by such property owners through charges on the real properties benefited by such funds, thereby fulfilling the purposes of this article and fulfilling an important public purpose.
[Amended 3-13-2018 by L.L. No. 1-2018]
The City of Glens Falls is authorized to implement the Energize NY Benefit Financing Program pursuant to the Municipal Home Rule Law and Article 5-L of the New York General Municipal Law.
This article shall be known and may be cited as the "Energize NY Benefit Financing Program Law of the City of Glens Falls."
The Energy Improvement Corporation, a local development corporation, duly organized under § 1411 of the Not-For-Profit Corporation Law, authorized hereby on behalf of the City of Glens Falls to implement the Energize NY Benefit Financing Program by providing funds to qualified property owners (as defined in this article) and providing for repayment of such funds from monies collected by the City of Glens Falls collecting officer as a charge to be levied on the real property and collected in the same manner and same form as the City of Glens Falls taxes.
An owner of residential or commercial real property located within the boundaries of the City of Glens Falls that is determined to be eligible to participate in the Energize NY Benefit Financing Program under the procedures for eligibility set forth under this article.
An Energize NY Benefit Financing Program is hereby established by the City of Glens Falls, whereby EIC, acting on its behalf, pursuant to the Municipal Agreement, may provide funds to qualified property owners in accordance with the procedures set forth under this article, to finance the acquisition, construction and installation of renewable energy systems and energy efficiency improvements and the verification of the installation of such systems and improvements.
For funds provided to a qualified property owner which is a commercial entity, not-for-profit organization or entity other than an individual, EIC shall have the authority to impose requirements on the maximum amount of funds to be provided, which may consider factors, including, but not limited to, the property value, projected savings, project cost, and existing indebtedness secured by such property.
For financing made to a qualified property owner who is an individual, the funds provided shall not exceed the lesser of:
Any property owner in the City of Glens Falls may submit an application to EIC on such forms as have been prepared by EIC and made available to property owners on the website of EIC and at the City of Glens Falls offices.
Every application submitted by a property owner shall be reviewed by EIC acting on behalf of the City of Glens Falls, which shall make a positive or negative determination on such application based upon the criteria for making a financing enumerated in § 97-5 of this article. EIC may also request further information from the property owner where necessary to aid in its determination.
If a positive determination on an application is made by EIC acting on behalf of the City of Glens Falls, the property owner shall be deemed a qualified property owner and shall be eligible to participate in the Energize NY Benefit Financing Program in accordance with the procedure set forth under § 97-6 of this article; provided, that in no case shall a property owner that has received funds from another municipal corporation for the acquisition, construction and installation of energy efficiency improvements and/or renewable energy systems be deemed a qualified property owner.
Upon the submission of an application, EIC, acting on behalf of the City of Glens Falls, shall make a positive or negative determination on such application based upon the following criteria for the making of a financing:
The property owner may not be in bankruptcy and the property may not constitute property subject to any pending bankruptcy proceeding.[1]
Editor's Note: Original Subsection B, which provided that energy efficient improvements and energy efficient systems would generate an estimated annual cost savings greater than the annual charge payments, was repealed 3-13-2018 by L.L. No. 1-2018. This law also provided for the renumbering of subsequent subsections.
The amount financed under the Energize NY Benefit Financing Program shall be repaid over a term not to exceed the weighted average of the useful life of renewable energy systems and energy efficiency improvements to be installed on the property as determined by EIC.
Such additional criteria, not inconsistent with the criteria set forth above, as the City of Glens Falls, or EIC acting on its behalf, may set from time to time.
A qualified property owner may participate in the Energize NY Benefit Financing Program through the execution of an Energize NY Finance Agreement made by and between the qualified property owner and EIC, acting on behalf of the City of Glens Falls (the "Energize NY Finance Agreement").
Upon execution of the Energize NY Finance Agreement, the qualified property owner shall be eligible to receive funds from EIC acting on behalf of the City of Glens Falls, for the acquisition, construction, and installation of qualifying renewable energy systems and energy efficiency improvements; provided the requirements of § 97-7 of this article have been met.
The Energize NY Finance Agreement shall include the terms and conditions of repayment set forth under § 97-8 of this article.
No funds shall be made available for energy efficiency improvements unless determined to be appropriate through an energy audit as defined in § 97-2.
No funds shall be made available for a renewable energy system unless determined to be feasible through a renewable energy system feasibility study as defined in § 97-2.
The cost of such energy audit and/or renewable energy system feasibility study shall be done solely by the property owner but may be included in the financed amount if the work is approved.
The Energize NY Finance Agreement between the qualified property owner and EIC, acting on behalf of the City of Glens Falls, shall set forth the terms and conditions of repayment in accordance with the following:
The principal amount of the funds paid to the qualified property owner hereunder, together with the interest thereon, shall be paid by the property owner as a charge on his or her City of Glens Falls tax bill and shall be levied and collected at the same time and in the same manner as City of Glens Falls property taxes, provided that such charge shall be separately listed on the tax bill. The City of Glens Falls shall make payment to EIC or its designee in the amount of all such separately listed charges within 30 days of the date the payment is due to be made to the City of Glens Falls.
The term of such repayment shall be determined at the time the Energize NY Finance agreement is executed by the property owner and EIC, provided that in no case shall the term exceed the weighted average of the useful life of the systems and improvements as determined by EIC acting on behalf of the City of Glens Falls.
The rate of interest for the charge shall be fixed by EIC acting on behalf of the City of Glens Falls at the time the Energize NY Finance agreement is executed by the property owner and EIC.
EIC shall be responsible for verifying and reporting to the City of Glens Falls on the installation and performance of renewable energy systems and energy efficiency improvements financed by such Program.
The City of Glens Falls shall verify and report on the installation and performance of renewable energy systems and energy efficiency improvements financed by the Energize NY Benefit Financing Program in such form and manner as the Authority may establish.