NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN pursuant to N.C. Gen. Stat. §158-7.1 that the Mills River Town Council will hold a public hearing on October 23, 2025, at 6:30 P.M. to consider participation in the commercial property assessed capital expenditure (C-PACE) program.

The C-PACE Act authorizes the North Carolina Department of Commerce (the “Program Sponsor”) to oversee the C-PACE Program and requires the Economic Development Partnership of North Carolina, Inc., a North Carolina nonprofit corporation (the “Statewide Administrator”), to administer the C-PACE Program and, in support thereof, provide certain administrative services described in N.C. Gen. Stat. § 160A-239.14.

The C-PACE Act and C-PACE Program permit willing owners of commercial, industrial, or agricultural real property, or residential real property with five or more dwelling units located in the jurisdictional boundaries of participating local governments (“Qualifying Commercial Property”) to obtain direct financing (“C-PACE Financing”) from a “capital provider” (as further defined in N.C. Gen. Stat. § 160A-239.12(1), “Capital Provider”) for “qualifying improvements” (as further defined in N.C. Gen. Stat. § 160A-239.12(14), “Qualifying Improvements”) approved by the Program Sponsor, including energy efficiency measures, resiliency measures, renewable energy measures, and water conservation measures.

Patty Brown,
CMC, NCCMC
Town Clerk

10/08