§ 63-1. Legislative findings; intent and purpose; authority.  


Latest version.
  • A. 
    It is the policy of both the Town of New Castle and the State of New York to achieve energy efficiency and renewable energy improvements, reduce greenhouse gas emissions, mitigate the effect of global climate change, and advance a clean energy economy. The Town of New Castle finds that it can fulfill this policy by providing property assessed clean energy financing to qualified property owners (as defined below) for the installation of renewable energy systems and energy efficiency measures. This local law establishes a program that will allow the Energy Improvement Corporation (as defined below, "EIC"), a local development corporation, acting on behalf of the Town of New Castle, pursuant to a municipal agreement (the "municipal agreement") to be entered into between the Town of New Castle and EIC, to make funds available to qualified property owners that will be repaid through charges on the real properties benefited by such funds, thereby fulfilling the purposes of this local law and accomplishing an important public purpose. This local law provides a method of implementing the public policies expressed by, and exercising the authority provided by, Article 5-L of the General Municipal Law (as defined below, the "Enabling Act").
    B. 
    The Town of New Castle is authorized to execute, deliver and perform the municipal agreement and otherwise to implement this Energize NY OPEN C-PACE Financing Program pursuant to the Constitution and laws of New York, including particularly Article IX of the Constitution, Section 10 of the Municipal Home Rule Law, the Enabling Act and this local law.
    C. 
    This local law, which is adopted pursuant to Section 10 of the Municipal Home Rule Law and the Enabling Act shall be known and may be cited as the "Energize NY Open C-PACE Local Law."