(A) The Program Administrator shall review each petition and all associated materials supplied therewith to determine if the petition complies with this subchapter and all other applicable rules and regulations of the Commonwealth and the county.
(B) If the petition complies, the Program administrator shall provide for the preparation of a project financing agreement related to the financing of the costs of the energy project. The project financing agreement shall have the customary and reasonable terms and conditions, including but not limited to, the imposition of a program assessment for a period of no more than 30 years. The Program Administrator shall submit a form of the project financing agreement, a recommendation as to approval, the application and all supporting documentation for final approval by the Fiscal Court.
(C) If approved by the Fiscal Court, the Program Administrator shall file a notice of assessment in the real property records of the county as required by KRS 65.207, which shall include the following:
(1) The amount of the assessment;
(2) The legal description of the real property;
(3) The name of each owner of record of the real property; and
(4) A reference to the statutory assessment lien provided under this section.
(Ord. 950.89, passed 7-14-20)