In this subtitle, the following terms have the meanings indicated. “Administrator” means the contractor selected under <cite data-path="|28|§30-3">§ 30-3 {“Program administration”} of this subtitle</cite> to administer the PACE Loan Program for the City. “Clean energy lender” means a private lender who provides a clean energy loan to a commercial property owner under this subtitle. “Clean energy loan” means a non-accelerating loan made under this subtitle by a clean energy lender to the owner of a commercial property. “Commercial property” has the meaning stated in the Enabling Law. “Commercial property” includes any industrial, multi-family residential (more than 4 dwelling units), non-profit, institutional, or agricultural property that meets the eligibility requirements of this subtitle. “Enabling Law” means the State’s Local Government Article, Title 1, Subtitle 11 {“Clean Energy Loan Programs”}. “Energy efficient project” means the installation of new or replacement fixtures, products, devices, equipment, systems, materials, or measures that:increase a commercial property’s energy or water efficiency; decrease a commercial property’s energy or water consumption; or reduce a commercial property’s utility costs. “Energy improvement” means an energy efficiency project or renewable energy project that qualifies under this subtitle. “Finance Director” means the Director of the City Department of Finance or that Director’s designee. “Financing agreement” means an agreement between a property owner and a clean energy lender that provides for the terms and conditions of a clean energy loan. “PACE Loan Program” or “Program” means the Property Assessed Clean Energy Loan Program established under this subtitle. “Property owner” means the owner of a new or existing commercial property located in the City. “Renewable energy project” means the installation of new or replacement renewable energy technologies, devices, or systems that generate electric or thermal energy with a nameplate capacity authorized by the Enabling Law. “Renewable energy projects” includes projects that generate thermal or electrical energy by using natural resources such as solar, wind, biomass, landfill gas, municipal solid waste, marine or hydrokinetic, or geothermal resources. “Surcharge” means the repayment obligation of a clean energy loan, including principal, interest, and administrative costs, collected from a property owner through the City’s property tax billing system. Ord. 16-533 Ord. 22-125