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From YouTube: Punta Gorda City Council 04-19-17 Part 4.1
Description
Description
A
Transferring
the
energy
savings
and
the
weather
resiliency
to
the
new
homeowner
as
well,
so
it
can
go
either
way,
negotiate
it
paid
off
or
or
or
transferred
over,
and
then.
The
final
point
that
you
had
raised
was
the
useful
life
of
the
product
and,
of
course,
that's
very
important
to
us
again
consumer
protections
being
a
kind
of
paramount's
of
the
program.
We
are
not
going
to
issue
a
25-year
term
for
an
air
conditioner.
A
Sir,
this
is
that
would
fall
under
a
commercial
pace,
and
that
is
something
that
we
offer.
So
the
answer
is
yes,
that
is
a
somewhat
unique
animal,
but
it
has
been
done.
In
fact,
the
renew
who
I
know
the
document
turn
for
renew
financial
has
had
a
decent
out
of
experience
on
that.
We've
had
experience
of
that
in
California
and
some
other
places,
but
the
short
answer
is
yes:
Nancy.
D
B
A
Charlotte
I
would
say
is,
is
essentially
an
open
platform.
There
are
four
providers
who
offer
the
pace
financing
currently
in
the
state
of
Florida
the
way
Charlotte
that
is,
they
open
it
up
to
allow
all
the
war
providers
to
operate.
Of
course,
it
might
seem
opposite
of
logical,
but
you
know
there
are
competitors,
but
at
the
same
time
we
encourage
competition,
because
this
is
a
relatively
new
type
of
financing.
We
want
as
much
transparency
as
much
competition
as
humanly
possible.
Then.
D
B
A
A
No,
absolutely
look,
then
this
is
Florida
right.
I
mean
this
is
the
the
contractor
kind
of
scam
cat
role
of
the
world,
and
you
know,
keeping
these
contractors
accountable
is
essential
to
our
program.
We've
written
kind
of
a
set
of
consumer
we've
participated
in
writing.
A
set
of
consumer
protection
guidelines
called
pace.
Nation
actually
got
its
second
iteration
out
in
pace
nation
2,
point
0,
but
within
that
and
within
our
internal
compliance
procedures
we
have
countless
procedures
that
actually
keep
these
accountant
or
contractors
accountable.
A
A
handful
or
just
one
example,
is
you
know,
we're
actually
not
paying
the
contractor
until
the
project
is
completed,
its
signed
off
by
the
homeowner
saying
yes,
you
know
we're
happy
with
this
and
so
on.
So
that
way,
they're
not
taking
the
deposit
and
running
as
we've
seen
in
other
areas,
we've
actually
got
about
14
other.
You
know
very
specific
procedures
that
we
engage
in
to
keep
the
contractors
accountable
for
the
work
that
they're
doing
I
have.
C
B
A
Is
absolutely
as
part
of
those
pace,
nation
guidelines,
those
consumer
protection
guidelines?
There
is
a
maximum
amount
with
the
loan
to
equity,
how
much
equity
they
have
in
the
house
versus
how
much
will
loan
them.
It's
either
15
or
20
percent.
There's
also
a
maximum
amount
of
how
much
they're
a
total
assessment
is
for
the
house.
A
A
E
A
A
good
question
I
can
tell
you
that
the
interest
rates
are
between
somewhere
between
six
and
eight
percent.
If
the
you
know
the
given
interest
rates
today,
are
you
know
maybe
three
or
four
somewhere
in
there
is
a
spread,
but
I
actually
don't
honestly
know,
but
I
can
get
you
that
information
and
and
just
to
take
that
one
step
further
I
understand
that
six
to
eight
percent
sounds
higher
than
the
cheapest
money
available
on
the
street
today,
and
that
is
accurate.