Sec. 29.55.115. Notice to mortgage holder required for participation.
Before a municipality may enter into a written contract with a record owner of property to impose an assessment to repay the financing of an energy or resilience improvement project under AS 29.55.100, the property owner shall (1) give each holder of a mortgage lien on the property at least 30 days’ written notice of […]
Sec. 29.55.120. Review required.
The record owner of property on which an assessment is imposed under AS 29.55.105 shall obtain (1) for each proposed energy or resilience improvement project, (A) a review of the energy, emissions, or resilience baseline conditions, as appropriate; and (B) the projected reduction in energy costs, energy consumption or demand, or emissions affecting local air […]
Sec. 29.55.125. Direct acquisition by owner.
The proposed arrangements for financing an energy or resilience improvement project may authorize the property owner to (1) purchase directly the related equipment and materials for the energy or resilience improvement project; and (2) contract directly, including through lease, a power purchase agreement, or other service contract, for the energy or resilience improvement project.
Sec. 29.55.130. Recording of notice of assessment.
(a) A municipality that authorizes financing through assessments under AS 29.55.105 shall file written notice of each assessment in the property records of the recording district in which the property is located. (b) The notice under (a) of this section must contain (1) the amount of the assessment; (2) the legal description of the property; […]
Sec. 29.55.135. Lien.
(a) Assessments under AS 29.55.105 and any interest or penalties on the assessments are liens on the property assessed and are prior and paramount to all liens except municipal tax liens and special assessments. Assessment liens may be enforced as provided in AS 29.45.320 – 29.45.470 for enforcement of property tax liens. (b) Assessment liens […]
Sec. 29.55.140. Bonds or notes.
(a) A municipality may issue bonds or notes to finance energy and resilience improvement projects subject to assessment under AS 29.55.105. (b) Bonds or notes issued under this section may not be general obligations of the municipality. The bonds or notes must be secured by one or more of the following, as provided by the […]