San Diego, CA (PRWEB) September 17, 2013
A California Superior Court Judge has affirmed the State-wide Judicial Validation of Property Assessed Clean Energy (PACE) provider Figtree Energy Financing, an action that will expedite PACE adoption and job creation in municipalities across the state. Figtree is the first and only commercial PACE provider in California to have earned this status.
“This reinforces Figtree and CEDA’s status as providers of a sound, legally-vetted PACE financing model that cities and counties across the state can adopt with confidence,” exclaimed California Association of Local Economic Development (CALED) CEO Gurbax Sahota.
“This action not only affords cities and their legal counsel a high degree of confidence in the operational integrity of Figtree, it streamlines the city approvals process, saving countless hours of precious staff-time in vetting Figtree’s financing structure,” explained Sahota. “State-wide Judicial Validation expedites the ability of elected officials to get down to the business of unlocking the job-creating, property-improving benefits of FIGTREE in their communities.” Read more.