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Energy Improvement District No. 1
The Energy Improvement District No. 1 was passed on October 15, 2013 by Ordinance 5624. PACE is a creative financing mechanism that allows property owners to borrow money for weatherization, energy efficiency, renewable energy or water conservation improvements to their property. The security of tying the repayment of loans to property tax assessments combined with low default rates allow PACE to offer very low and extremely attractive interest rates for these improvement loans. PACE is a completely voluntary program that enables private investment for the purpose of energy savings.
PACE enabling legislation was passed by the Arkansas Legislature in the 2013 session and signed by the Governor in April 2013. That legislation allows Cities, Counties or the State to create Energy Improvement Districts within the State of Arkansas. The Arkansas Legislature noted that Energy Improvement Districts would benefit Arkansas by:
- Creating jobs and stimulating the economy
- Generating significant economic development
- Protecting citizens from the rising cost of electricity and non-renewable fuels
- Providing citizens with options for financing improvements that are otherwise not available
- Providing a positive cash flow on energy improvements
- Increasing the value of real property
- Improving the state's air quality and conserving natural resources
- Promoting energy independence and security for the nation and state
Peter Nierengarten, 575-8272
If the Mayor appoints a designee he/she shall serve at the pleasure of the Mayor. Terms of all other members shall be two (2) years. In making its Board appointments, the City Council shall give due consideration to candidates with connections to or relations with local utility companies, lending or bonding institutions and the advanced energy industry. City Council appointed members shall be subject to the term limit provisions of Section 33.329(B).
Energy Improvement District No. 1 shall be governed by a Board of Directors consisting of seven (7) members. One member shall be the Mayor or the Mayor’s designee. The remaining six (6) members shall be qualified electors of the District chosen by the Fayetteville City Council
- One Member shall be the Mayor or the Mayor's designee
- Six citizens-at-large
Vacancies on the Board are filled by appointment from the governing body of the City.
A weekly meetings list is prepared by the City Clerk’s office which is distributed to the press and posted on the City’s web site: www.accessfayetteville.org
Regular meetings are held the second Monday of the month at 5:30 p.m. in Room 326 of the City Administration Building.
City of Fayetteville Appointees
|Alderman||Sarah Marsh||113 West Mountain, Fayetteville, AR 72701||(479) 287-4054||01/01/14 thru Indefinite|
|Chair||Julie Trivitt||1346 South River Meadows Drive, Fayetteville, AR 72701||(479) 200-2075||01/01/2014 thru 12/31/2015|
|Vice Chair||Jim Halsell||230 West Cleburn Street, Fayetteville, AR 72701||(479) 521-1986||01/01/2014 thru 12/31/2015|
|Corey Runnells||2712 North Loxley Avenue, Fayetteville, AR 72703||(479) 601-4299||01/01/2014 thru 12/31/2015|
|Don Bennett||1231 West Deane Street, Fayetteville, AR 72703||(479) 966-0572||01/01/2014 thru 12/31/2014|
|Michael Phipps||2720 Country Club Drive, Fayetteville, AR 72701||(479) 521-8903||01/01/2014 thru 12/31/2014|
|Stanley D. Green||1831 Rockwood Trail, Fayetteville, AR 72701||(479) 443-0641||01/01/2014 thru 12/31/2014|