Program administration.
Memphis Code of Ordinances § 9-108-4
in effectSec. 9-108-4. - Program administration.
1. Pursuant to the C-PACER Act, the local government designates the economic development growth engine industrial development board of the City of Memphis and the County of Shelby, Tennessee ("EDGE") as the program administrator. If EDGE is no longer the program administrator for any reason, then the local government will either assume the role of public administrator or designate a new third-party entity to serve as public administrator. The program administrator shall review and approve the program applications submitted in accordance with the program guidebook, collect any fees, execute the documents required by the program guidebook to enable C-PACER financing, and record the documents requested by the record owner and capital provider.
2. The program administrator is authorized to impose fees to offset the actual and reasonable costs of administering the program. The fees may be assessed as part of the program application, to be paid by the record owner requesting to participate in the program. Service fees of approved applications must be calculated as one percent of the total amount financed, not to exceed $50,000.00. Service fees retained by a capital provider acting as the designated program administrator must be placed into a reserve account and utilized for costs related to the billing, collection, and enforcement of the special assessment and lien. If the local government does not select a capital provider as its designated program administrator, then the funds must be placed into an account designated by the program administrator.
(Ord. No. 5832, § 1, 8-23-2023)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/code_of_ordinances?nodeId=TIT9HESA_CH9-108COPRASCLENRECEPR_S9-108-4PRADFetched: 10/28/2026