Dated October 14, 2015.
Houston City Council unanimously passed "Resolution of Intent" to create a PACE program. Councilman Christie and Mayor Parker shared their positive comments.
Councilman Christie "Incentivize energy conservation - incentivize water conservation. There is [required projected energy savings] ... enough to pay for the loans. This is a win-win situation."
Mayor Parker: "The City has to create it. There are no city dollars involved. We create the platform and the private sector does its work."
A PACE hearing is scheduled forWednesday, October 21st.
Councilman Christie first points out that this program gives the private sector opportunity "carrots" without using tax dollars "sticks".