UNION TOWNSHIP, Ohio — The board of directors for the Union Township, Ohio Energy Special Improvement District will hold a virtual meeting at 1 p.m. Monday, Nov. 16, according to a notice posted by the township.
The agenda includes attending to the district’s board member roster, reviewing the district’s financial statements, reviewing compliance items, discussing future marketing and outreach opportunities, and considering a district credit card fee policy, the notice said. The board may also take up any other business that properly comes before it.
Residents who want to attend the virtual meeting can request access by contacting Chris Jones at [email protected], according to the notice.
The Union Township, Ohio Energy Special Improvement District, Inc. is a nonprofit corporation organized under Ohio Revised Code Chapter 1710, which allows townships and other political subdivisions to form special improvement districts to carry out financing programs for property owners. Union Township lists the energy district among its economic development tools on its website, alongside Community Reinvestment Areas, tax increment financing and Joint Economic Development Districts.
The district administers Property Assessed Clean Energy, or PACE, financing within the township. PACE allows a property owner to pay for energy efficiency or renewable energy upgrades — such as new roofing, windows, lighting or solar installations — through a special assessment added to the property’s tax bill rather than through a conventional loan, according to the township and OhioPACE, a statewide PACE program administrator. Because the assessment is tied to the property rather than to the individual owner, it can transfer to a new buyer if the property is sold, and repayment terms can run as long as 30 years.
OhioPACE, which lists Jones among its contacts for PACE financing statewide, helps manage the application and compliance process for participating special improvement districts such as Union Township’s, connecting property owners with private lenders and contractors for qualifying projects.
The information contained in this story was obtained from Union Township.