Ordinance 33-22
To: Members of Dublin City Council
From: Dana L. McDaniel, City Manager
Date: August 16, 2022
Initiated By: Jennifer Klus, Economic Development Director
Kirby Dearth, Economic Development Administrator
Re: Removing PACE-Related Special Assessments from Bridge Park Block D
Background
The City of Dublin remains focused on fostering an economic environment that encourages
investment in development and redevelopment alike, to ensure Dublin remains competitive in the
market. One tool that is leveraged in communities throughout the country is the use of the
Property Assessed Clean Energy (PACE) financing program. PACE serves as an accessible and
effective method to finance energy-efficient and sustainable building improvements through
special assessments placed on a property owner’s real estate tax bill. Due to the extended terms
associated with PACE financing, property owners can undertake comprehensive projects that have
a meaningful impact on energy consumption, creating a significant positive impact on their bottom
lines.
On February 25, 2019, Dublin City Council passed Ordinance No. 04-19, establishing PACE
financing assessments of $31,221,830.28 to the property owners of Bridge Park Block D. The
scope of work included equipping the new building construction with LED lighting, high-efficiency
HVAC systems, building automation controls, and high-efficiency roof, building, windows, and
doors building materials. Since the project received funding, the construction has been completed
and the property owner prepaid all amounts outstanding associated with the special assessment.
Therefore, Dublin City Council will need to pass Ordinance 33 -22 removing the previously
established special assessments on the property. The City has no financial obligations with the
establishment of a Special Improvement District for this project. The City simply serves as a pass-
through entity for the project financing.
Recommendation
Staff recommends Council approval of Ordinance 33 -22 on August 22, 2022. Please contact Kirby
Dearth with any questions.
Office of the City Manager
5555 Perimeter Drive • Dublin, OH 43017
Phone: 614.410.4400 Memo
Removing PACE Related Special Assessments from Bridge Park Block D
August 16, 2022
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