In accordance with Tenn. Code Ann. § 68-205-105, the Economic Development Growth Engine (EDGE), on behalf of the City of Memphis, will hold a public hearing on June 15, 2022 at 2:30 p.m. at the Memphis Area Association of Realtors (6393 Poplar Avenue, Memphis, TN 38119.)
The public hearing will be about the establishment of the City of Memphis commercial property assessed clean energy and resiliency (C-PACER” program proposed to be administered by EDGE with support by the Memphis and Shelby County Division of Planning and Development (DPD). If the Program is approved by the City Council, then property owners can obtain special financing for certain qualified projects that are intended to: a) decrease energy consumption or demand through the use of efficiency technologies, products, or activities that reduce or support the reduction of energy consumption; b) support the production of clean, renewable energy, including through the use of a product, device, or interacting group of products or devices on the customer’s side of the meter that generates electricity, provides thermal energy, or regulates temperature; c) decrease water consumption or demand and address safe drinking water through the use of efficiency technologies, products, or activities that reduce or support the reduction of water consumption; d) allow for the reduction or elimination of lead from water that may be used for drinking or cooking; e) increase water or waste water resilience, including through storm retrofits, flood mitigation, and stormwater management, or wind resistance, energy storage, microgrids, and other resilience projects approved by the local government; or f) increase seismic resilience of new or existing buildings by making improvements necessary to comply with seismic provisions of the locally adopted technical building codes.
Associated program documents can be found below.