§ 127-1-2. Purpose and Authority.  


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  • Pursuant to the authority granted in Virginia Code § 15.2-958.3, as amended, any Virginia locality may enact an ordinance authorizing contracts to provide loans for the initial acquisition and installation of eligible clean energy improvements with free and willing property owners of both existing properties and new construction. Such loans may be secured by the placement of a voluntary special assessment lien against the property. After due consideration, the Board of Supervisors hereby determines that a commercial property assessed clean energy financing program will facilitate and encourage the renovation of existing buildings and foster the construction of new buildings with energy or water efficient features or renewable energy facilities, improving the general welfare of, and promoting economic growth in, the County. (14-19-127.)