Property assessed payments for energy retrofits

The latter, in the case of property tax sale or foreclosure, would result in the increased value being used to cover the mortgage, including the small priority lien (relative to the mortgage) arising from one or more years’ outstanding LIC payment for the energy improvements.74 t h e. p o t e n t i a l. o f. a n. l i c - t y p e. m e c h a n i s m 197 As well, any increase in property value from t [...] There is a dynamic tension between a municipality’s need for the province to articulate specific uses or interpretations of a piece of legislation and the province recognizing broad municipal powers to give municipalities the capacity to use legislated authority to address the municipalities’ needs. [...] This feature would reduce the risk of default, and would enable a lower interest rate to be charged by both the financing entity to the municipality (if the municipality issues a debenture) as well as by the municipality itself in its financing of the LIC for the owner. [...] B e y o n d. t h e. e n a B l i n g. r e g u l at i o n 2319 P r o g r a m. F i n a n C i n g. P r o v i d e s. m u n i C i Pa l i t y w i t h. C a Pa b i l i t y. t o. s e l l. l i C s. t o. a. t h i r d. Pa rt y Having the capacity to sell relatively small LIC financing amounts to banks would enable an exchange of services between the municipalities (in an LIC collection role) and the banks (in