Except the words and phrases specifically defined below or in Neb. Rev. Stat. §13-3203, as amended, words and phrases used in this Article shall have their customary meanings. As used in this Chapter, the following words and phrases shall have the following meanings:
District
. The City of Grand Island PACE District, created pursuant to this Chapter, as authorized by Neb. Rev. Stat. §§13-3203 and 13-3204(3), which boundaries shall be the corporate boundaries of the City and its extraterritorial jurisdiction.
District Administrator
. The GI-PACE committee consisting of the Planning Director, Building Department Director, Public Works Director, Utilities Director and City Attorney, or the designee of each, or a third-party administrator selected by the City. The committee shall appoint a designee for signatures.
Energy Project
. The installation or modification of an energy efficiency improvement or the acquisition, installation, or improvement of a renewable energy system. Energy Projects shall be limited to projects having an estimated cost of $250,000 or more.
PACE Financing
. Funds provided to the owner(s) of qualified property by a third-party lender, pursuant to the Act and this Chapter, for an energy efficiency improvement or renewable energy system(s).
Qualifying Property
. Commercial property, including multifamily residential property having more than four (4) dwelling units, and industrial property located in the District.