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PACE financing is a tool that allows property owners to finance the costs of energy efficiency and renewable energy improvements through special assessments on their real property tax bills. Benefits can include:

Investment with zero up-front cash required from the property owner

• Special assessments are used to secure financing to fund improvements without requiring the property owner to take on debt
• Long-term, fixed-rate financing at favorable rates are generally available
• Energy savings resulting from improvements often fully offset the special assessment

The City of Middletown’s Energy Special Improvement District a special improvement district organized under Ohio Revised Code Chapter 1710.  The ESID is governed by a Board of Trustees of a nonprofit corporation. The board meets as needed to review and approve all Middletown PACE projects.

Current Board Members as of 2/2/21:

• Susan Cohen (Member Appointee) Administrative Services Director City of Middletown
• Ashley Combs (Member Appointee) Planning Director City of Middletown
• Matt Eisenbraun (Member Appointee) Assistant Economic Development Director City of Middletown
• Chris Xeil Lyons (City of Middletown Municipal Executive or Designee) Economic Development Director City of Middletown
• City Council Representative, vacant