Applying for MinnPACE Financing/Special Assessment

This application must be completed and reviewed by the applicant(s) to constitute a full and complete agreement. This includes the Petition for Special Assessment and all required attachments.

The Property Assessed Clean Energy Program (“MinnPACE'”), administered by the Port Authority of the City of Saint Paul (the “Port Authority”) provides a financing mechanism for the installation of energy efficiency and conservation improvements that are permanently fixed to eligible properties (“Improvements”). The undersigned applicant(s) hereby submit(s) the following application for financing and petition for special assessments in accordance to Minnesota Statutes Section 216C.435 and 216C436, Chapter 429, and MinnPACE. 

Eligibility Requirements

Before proceeding, please be sure that you meet all of the eligibility requirements. 

• • The applicant(s) is/are the legal owner(s) of the Property described in the Application (the “Property”)
  • The Property Owner is current on all mortgage(s) and all lenders have signed the Lender Acknowledgement Form
  • The Property Owner is not in bankruptcy, nor is the Property considered an asset in any bankruptcy filings
  • There are no federal or state income tax liens, judgment liens, or similar involuntary liens on the Property
  • Applicant(s) can be verified as being in “Good Standing” with the Minnesota Office of the Secretary of State.
  • Improvement costs are reasonable for the scope of the proposed Improvements and in relation to Property
  • Requested Financing Amount does not exceed the lesser of 30 percent of the assessed market value or the actual cost of installing the Improvements, including the cost of necessary equipment, materials, and labor; the cost of an energy audit or renewable energy feasibility study; and the cost or verification of installation, less the value of expected rebates
  • Finance terms do not exceed the weighted average of the useful life of the Improvements
  • Applicant(s) has/have obtained an energy audit or renewable energy feasibility study for the Property and will attach to this application

lender acknowledgeMENT form

If there is a mortgage tied to the property that is being assessed, you will need to complete the Lender Acknowledgement Form. It must be completed, notarized, and uploaded to the application. Please use this link to download the form: Lender-Acknowledgement Fillable

Petition for Special Assessment

In order to proceed with the special assessment, you will need to attach a notarized copy of the Petition for Special Assessment form. Please use this link to download the form: Petition for Special Assessment 

MinnPACE Credit + Assessment Application

Property Owner Name (Business/Entity/Individual)(Required)

DBA (if applicable)

Funding Source(Required)

Funding will come from the TrillionBTU Loan Program (Saint Paul Port Authority)Funding is coming from a source other than the TrillionBTU Loan ProgramI have not yet selected a funding source

Finance/Assessment Amount(Required)

Finance/Assessment Term (Years)(Required)

Ownership Structure(Required)

CorporationGovernment EntityLimited Liability CorporationNonprofit OrganizationPartnershipSole ProprietorshipTrustOther

Property Type(Required)

AgricultureCommercialDistribution/WarehousingEducation/InstitutionGovernmentHealthcareHospitalityManufacturing/IndustrialMixed-UseMulti-FamilyNonprofitOfficeRecreationReligousOther

Property Address(Required)

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code

Are there buildings associated with this investment?(Required)

CHOOSE ONEYesNo

Building Square Footage(Required)

Parcel ID Numbers(Required)

Parcel 1

Parcel 2

Parcel 3

Parcel 4

Parcel 5

 

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Primary Borrower Contact Information(Required)

First Last

Email Address(Required)

Phone Number

Primary Borrower Address(Required)

Address Listed AboveDifferent Address than Above

Address(Required)

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code

Additional Borrowers(Required)

Yes, I need to add another borrower to this application.No, there are no additional borrowers to add this application.

Additional Borrower(Required)

First Name

Last Name

Address

City

Email

Phone

 

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Use the + button to enter all borrowers tied to this application.

Outstanding Mortgage(Required)

Yes, there is a mortgage loan tied to this propertyNo, there is not a mortgage tied to this property

Single Mortgage Verification(Required)

Yes, there is only one mortgage associated with this property.There are multiple mortgage lenders associated with this property.

Mortgage Lender(Required)

Outstanding Balance(Required)

Additional Mortgage Lenders(Required)

Mortgage Lender

Outstanding Balance

 

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Project Stage(Required)

New ConstructionRehab/RedevelopmentRefinancingRetrofit

Is Xcel Your Utility Provider?(Required)

YesNo

Xcel Account Number(Required)

Utility Provider(Required)

Contractor Information(Required)

Contractor Name

Contractor Email

Contractor Phone

 

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Energy Efficiency + Renewable Energy Investments (select all that apply)

Building Envelope

Chiller(s)

Compressed Air

Cooling Tower(s)

Emergency Management System(s)

Geothermal Energy

Heat Recovery

HVAC

Lighting

Melting Furnace

Refrigeration

Roof

Solar Energy

Other

Useful Life of Energy Improvements

Will this project allow you to retain jobs?(Required)

Yes

No

I don't know

Approximately how many jobs?

Energy Audit(Required)

Drop files here or Select files

Max. file size: 128 MB, Max. files: 4.

Construction Contracts + Bids(Required)

Drop files here or Select files

Max. file size: 128 MB, Max. files: 20.

Mortgage Lender Acknowledgement Form(Required)

Max. file size: 128 MB.

Mortgage Statement(Required)

Max. file size: 128 MB.

Please select one.(Required)

Owner Occupied Property

Non-Owner Occupied Property

Current Tax Statement for Property Being Improved(Required)

Drop files here or Select files

Max. file size: 128 MB.

Tax Returns from the Past Two Years (from all borrowers)(Required)

Drop files here or Select files

Max. file size: 128 MB.

Current Year Financial Statement for Borrowing Entity(Required)

Drop files here or Select files

Max. file size: 128 MB.

Debt Schedule of Subject Property (all debt, mortgage & subordinated debt)

Drop files here or Select files

Max. file size: 128 MB.

Please include if this information is not found in the tax returns.

Debt Schedule for Operating Entity (all debt)

Drop files here or Select files

Max. file size: 128 MB.

Please include if this information is not found in the tax returns.

Entity Documents from Borrower (articles, operating agreement, etc.)(Required)

Drop files here or Select files

Max. file size: 128 MB.

Rent Roll of Subject Property(Required)

Max. file size: 128 MB.

Petition for Special Assessment(Required)

Max. file size: 128 MB.

Driver's Licenses(Required)

Drop files here or Select files

Max. file size: 128 MB, Max. files: 10.

We require a driver's license from each signer.

Declarations: By signing this application, the undersigned hereby declares, under penalty or perjury under the laws of the State of Minnesota, all of the following: (select checkmark to verify).(Required)

1. I am/we are the current owner of record of the Property described herein (the “Property.”)

2. The Property is not currently involved in a bankruptcy proceeding.

3. I/we are current on any mortgage(s) or other loan(s) secured by the Property.

4. I/we and the Property meet the Eligibility Requirements listed on page one.

5. I/we waive any and all procedural and substantive objections to the installation of the Improvements and the special assessments, including but not limited to any public or other hearings or hearing requirements and any claim that the assessment exceeds the benefit to the Property. I/we waive any appeal rights otherwise available pursuant to M.S.A. § 429.081.

6. That (i) the information provided in, or in connection with, this Application is true and correct as of the date set forth opposite my/our signature(s) on this Application and (ii) that I/we understand that any intentional or negligent misrepresentation(s) of the information contained in this Application, or provided in connection with this Application, may result in civil liability and/or criminal penalties including, but not limited to fine or imprisonment or both and liability for monetary damages to the Port Authority of the City of Saint Paul (“Port Authority”), any lender providing financing for the Improvements described herein, their agents, successors and assigns, insurers and any other person who may suffer any loss due to reliance upon any misrepresentation which I/we have made in this Application.

7. I/we agree that the selection of any product(s), equipment and measures referenced in this Application (the “Improvements,”), the selection of any manufacturer(s), dealer(s), supplier(s), contractor(s), and installer(s), and the decision regarding the purchase, installation and ownership/maintenance of the Improvements is/are my/our sole responsibility and that I/we have not relied upon any representations or recommendations of the Port Authority, its agents, representatives, assignees, or employees, in making such selection or decision, and that my manufacturer, dealer, supplier, contractor or installer of the Improvements is not an agent, employee, assignee or representative of the Port Authority.

8. I/we agree that any review and approval of the Improvements by a City, County, State, or governmental department is granted only in its capacity of administering and enforcing existing relevant codes. Any such approval is only as to compliance with the codes and does not create a special duty to the Owner nor establish a warranty of quality of materials and workmanship.

9. I/we understand that the Port Authority makes no warranty, whether expressed or implied, with respect to the choice, use or application of the Improvements, including without limitation, the implied warranties of merchantability and fitness for any particular purpose, use or application of the Improvements.

10. I/we agree that the Port Authority has no liability whatsoever concerning (i) the quality or safety of any Improvements, including their fitness for any purpose, (ii) the estimated energy savings produced by or performance of the Improvements, (iii) the workmanship of any third parties, (iv) the installation or use of the improvement including, but not limited to, any effect on indoor pollutants; or (v) any other matter with respect to MinnPACE/Port Authority.

Consent(Required)

I certifythat the information contained in this form has been carefully reviewed and that it is true and correct in all respects. I understand that this information will be shared with MinnPACE, a division of the Port Authority, and its Successors for the purpose of obtaining credit. It is true and correct in every detail and fairly shows my financial condition at this time. MinnPACE and its Successors are authorized to check my credit and employment history or any other information provided.

Signature(Required)

Date

MM slash DD slash YYYY

Comments

This field is for validation purposes and should be left unchanged.

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