Members of Ada’s village council granted Mayor David Retter the authority to start forming an Energy Special Improvement District so that the village, Ohio Northern University, local businesses and apartment complexes can apply for low-interest loans for energy conservation projects.
Ada council will hold a special committee meeting at 6:30 p.m., Tuesday, March 29, on the ONU campus, according to Angela Polachek of the village.
The meeting takes place in Room 113 of the Mathile Center for Natural Sciences, just off West Lincoln Avenue.
Teresa Smith of the Toledo-Lucas County Port Authority will talk about Property Assessed Clean Energy financing (PACE). Under this program PACE can finance energy saving projects from $25,000 to $9 million. It offers 15-year loans at rates between 4.5% and 5.5%
