Northfield mulls joining energy improvement district

NORTHFIELD – The village may join the Akron-Summit County Energy Special Improvement District, and if it does, commercial, industrial and institutional properties would be eligible to take advantage of an energy efficiency revolving loan fund.

Chris Burnham, president of the Development Finance Authority (DFA) of Summit County, and Jason Dodson of the Roetzel & Andress law firm outlined the financing program at Village Council’s Jan. 11 meeting.

According to Burnham, the revolving loan fund is a Property Assessed Clean Energy (PACE) loan program managed by the DFA.

Before a community can seek financing, it must create or be part of an Energy Special Improvement District, or ESID. And the Development Finance Authority – in collaboration with Summit County – is the administrator of the Akron-Summit County ESID, which has about 21 member communities.

Property owners in ESID communities can voluntarily assess property to pay for the cost of energy efficiency improvements. The mechanism levies a semiannual special assessment tax against a property, thus not creating debt for the end user.


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