An Energize NY Open C-PACE Financing Program is hereby established
by the Municipality, whereby EIC, acting on its behalf pursuant to
the Municipal Agreement, may arrange for the provision of funds by
Financing Parties to Qualified Property Owners in accordance with
the Enabling Act and the procedures set forth under this chapter to
finance the acquisition, construction, reconstruction, and installation
of Qualified Projects and Eligible Costs and Financing Charges approved
by EIC and by the Financing Party under the Finance Agreement. EIC,
on behalf of the Municipality, and with the consent of the Benefited
Property Owner, will record a Benefit Assessment Lien on the Benefited
Property in the Secured Amount (the "Benefit Assessment Lien") on
the land records for the Municipality. Such recording shall be exempt
from any charge, mortgage recording tax or other fee in the same manner
as if recorded by the Municipality.
