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To amend ch. 11 of the City Code by adding therein a new art. VIII (?? 11-190-11-197) to establish a commercial property assessed clean energy program in accordance with Va. Code ? 15.2-958.3, for the purpose of facilitating the development of clean energy projects.
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THE CITY OF RICHMOND HEREBY ORDAINS:
? 1. That Chapter 11 of the Code of the City of Richmond (2015) be and hereby is amended and reordained by adding therein a new article number VIII, consisting of sections numbered 11-190 through 11-197, as follows:
ARTICLE VIII
COMMERCIAL PROPERTY ASSESSED CLEAN ENERGY FINANCING PROGRAM
Sec. 11-190. Commercial Property Assessed Clean Energy Financing Program; established; purpose.
(a) There is hereby established the Commercial Property Assessed Clean Energy Financing Program in accordance with Code of Virginia, ?15.2-958.3. Pursuant to this article, the City may authorize contracts to provide loans for the initial acquisition and installation of clean energy improvements with free and willing property owners of both existing properties and new construction. In addition, private lending institutions shall be provided the opportunity to participate in such contracts.
(b) The purpose of the program for which this article provides is to promote the renovation and construction of commercial, non-profit and multi-family buildings and structures by incorporating renewable energy production and distribution facilities, energy usage efficiency improvements, or water usage efficiency improvements. The City finds that this will promote the general health and welfare of the community. Water usage efficiency improvements, in particular, benefit the public water supply and wastewater treatment services provided by the City.
(c) In establishing the program for which this article provides, the City finds that the city of Richmond has numerous older buildings with many years of remaining life, and that the renovation, retrofit, or rehabil...
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