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FINANCIAL_SERVICESAPPROVED

Wasatch County Awards Financial Services Contract to Petros Pace Finance Titling Trust (January 2024)

Wasatch County entered an agreement with Petros PACE Finance Titling Trust to assign a C-PACE assessment lien for up to $45 million in financing energy efficiency improvements at the Marriott Autograph Hotel Assessment Area, maturing within 30 years at up to 12% interest. The County has no repayment liability; the lender is responsible for enforcement and collection.

Document date · January 17, 2024

Issuing agencyWasatch CountyVendorPetros Pace Finance Titling Trust

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $45,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Interest rate not exceeding 12% per annum, maturity on or prior to 30 years following the Effective Date (anticipated 2024-12 to 2054-12)
Renewal date
2054-12-31
Renewal
Agreement and assessment lien may be amended as needed for loan adjustments; final financing terms not to exceed set parameters. Thirty-year maturity, with potential for reduction if prepaid.
Document type
Minutes
Source document
wasatch_county_council_minutes_january_17_2024.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Wasatch County?

Petros Pace Finance Titling Trust was awarded this financial services contract by Wasatch County, as recorded on January 17, 2024. The contract value is Not to exceed $45,000,000.

How much is the Petros Pace Finance Titling Trust contract with Wasatch County worth?

The Petros Pace Finance Titling Trust contract with Wasatch County is valued at Not to exceed $45,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in wasatch_county_council_minutes_january_17_2024.pdf (Minutes), dated January 17, 2024 from Wasatch County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Petros Pace Finance Titling Trust hold?

Petros Pace Finance Titling Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Petros Pace Finance Titling Trust's profile

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Explore Wasatch County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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