NJPACE presented to the Somerset Energy Advisory Council.
Met with Freeholders Peter Palmer and Patrick Scaglione, Economic Development Officer John Maddocks, and Mike Kerwin, Somerset County Business Partnership (SCBP).
Selected Investment Somerset projects where NJPACE may be a relevant private-sector investment strategy:
| 32 | RB | Encourage public and private sector entities to use Portfolio Manager and similar accounting systems to benchmark and measure energy savings resulting from the implementation of improvements and renewable energy | Michael Burke, Chairman,Energy Subcommittee, SCBP | $275,000 (Low) | Portfolio Manager is an interactive energy management tool that allows you to track an assess energy and water consumption across your entire portfolio of buildings in a secure online environment. It is used to identify opportunities for energy efficiency… | http://www.energystar.gov/buildings/facility-owners-and-managers/existing-buildings/use-portfolio-manager | ||
| 33 | RU | Rustic Mall Redevelopment Area | Gary Garwacke, Administrator, Borough of Manville | Manville | $750,000 | PACE can be used for new projects as well as retrofits, to finance the “added costs” of building more the standard levels of efficiency, renewables, resiliency, and self-sufficiency into the project | ||
| 38 | RU | Renaissance Redevelopment Area | John Maddocks, VP, Economic Development, SCBP | Franklin Township | ||||
| 39 | RU | West End Ave. Redevelopment Area | John Maddocks, VP, Economic Development, SCBP | Somerville | ||||
| 42 | RU | 500 Willow Rd Development | Gene Strupinsky, Business Advocate, Hillsborough | Hillsborough | 20 acre redevelopment parcel | |||
| 43 | RU | Columbia Lumber Site Redevelopment | Gene Strupinsky, Business Advocate, Hillsborough | Hillsborough | Redevelopment of the DOT-owned Columbia Lumber Site at Route 206 and Camplain Road post Route construction | |||
| 44 | RU | Central Jersey Airport Commercial Development | Gene Strupinsky, Business Advocate, Hillsborough | Hillsborough | Pursue commercial business park development around the Central Jersey Airport | |||
| 62 | RU | Build a pilot “Eco-Industrial Park” | Michael Burke, Chairman,Energy Subcommittee, SCBP | $500K-$1 million (medium) | An eco-industrial park (EIP) is an industrial park in which businesses cooperate with each other and with the local community in an attempt te reduce waste and pollution, efficiently share resources (such as information, materials, energy, etc.) | Up to 30% of construction costs could be financed through PACE. Our President has experience with the design and development of EIPs | ||
| 63 | RU | Create an “Energy Opportunity Zone” for piloting comprehensive energy system improvements | Michael Burke, Chairman,Energy Subcommittee, SCBP | $750,000 (medium) | An Energy Opportunity Zone is a parcel-specific geographic area desginated by local governments and approved by the state where ordinances and resolutions were passed granting waivers, abatements, or exemptions from specific state and local taxes in exchange… | |||
| 184 | WS | Raritan Millstone Water Treatment Plant Flood Protection Improvements | Suzanne Chiavari, VP, Engineering, New Jersey American Water | Bound Brook | Construction to be bid 2014 | Plant is located at the confluence of the Raritan and Millstone River and is one of two major water supply and treatment facilities serving over 200,000 | When the amending legislation passes, flood protection and other resiliency measures will be eligible for PACE financing | |
| 192 | Offer public buildings and/or partner with private owners to pilo and trial programs for new energy technology and efficinecy systems | Michael Burke, Chairman,Energy Subcommittee, SCBP | $500,000 (medium) | Establish program and standards (LEED). Identify financing options and incentives for participation. Select sites, enter into implementation agreements with private and public sector owners, documents and share results (energy and cost savings, payback) | PACE is probably the best financing option for many of these types of projects |