Policy-ParticipationPACE-012218 - Laserfiche WebLink

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® (b) assign the PACE betterment assessments and the related liens to MassDevelopment, which MassDevelopment may in turn assign to the providers of the financing of the improvements (each a "capital provider"), as collateral for and the source of repayment of such financings; • (c) bill the owners of the benefitted properties for the installment payments necessary to repay the PACE betterment assessments, in the amounts determined by MassDevelopment; and (d) enforce, to the extent required by such agreement, such PACE betterment assessments; such agreement to be in such form as the Town Manager may approve as being in the best interest of the Town. FrITI&REW-My" MI, The Treasurer/Collector of the Town or such other Town agency as may be designated in such agreement is authorized to levy and record such PACE betterment assessments on behalf of the Town without further authorization by the Board of Selectmen or Board of Assessors. Notwithstanding any other provision of law to the contrary, officers and officials of the Municipality, including, without limitation, municipal tax assessors and tax collectors, are not personally liable to MassDevelopment or to any other person for claims, of whatever kind or nature, Linder or related to PACE Massachusetts, including, without limitation, claims for or related to uncollected PACE betterment assessments. Other than fulfillment of obligations specified in a PACE Administration Agreement, the Town has no liability to the owner of the benefitted property or to any capital provider for or related to improvements financed under PACE Massachusetts. Adopted: January 22, 2018