TO: Mayor and Commissioners
FROM: Dale Sugerman, Asst. City Manager/Acting Director of ESD
THROUGH: Chief Neal de Jesus, Interim City Manager
DATE: May 2, 2017
Title
RESOLUTION NO. 19-17 CREATING AN ADDITIONAL PROPERTY ASSESSMENT CLEAN ENERGY (PACE) PROGRAM WITHIN THE CITY AND JOINING THE GREEN CORRIDOR PROPERTY ASSESSMENT CLEAN ENERGY (PACE) DISTRICT AS A NON-VOTING MEMBER; AUTHORIZING THE EXECUTION OF A NON-EXCLUSIVE MEMBERSHIP AGREEMENT WITH THE GREEN CORRIDOR PROPERTY ASSESSMENT CLEAN ENERGY (PACE) DISTRICT
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Recommended Action:
Recommendation
Motion to Approve Resolution No. 19-17 creating an additional Property Assessed Clean Energy (PACE) Program within the City and joining the Green Corridor Property Assessment Clean Energy (PACE) District as a non-voting member; authorizing the execution of a non-exclusive membership agreement with the Green Corridor Property Assessment Clean Energy (PACE) District.
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Background:
The Property Assessed Clean Energy (PACE) program in Delray Beach has been relatively dormant since inception in 2012. In order to adapt to changing market conditions and help ensure the program's success the City needs to: 1) adopt an ordinance that establishes guidelines for multiple, non-exclusive PACE programs providing PACE funding within the City and provides additional consumer protections for our residents; 2) Join the Second Amended Interlocal Agreement with Florida Green Finance Authority (the “Authority”), implemented through the RenewPACE qualifying improvements program, by adopting a resolution which provides that the original 2012 membership agreement is still in effect; and 3) Join the Interlocal Agreement that forms the Green Corridor PACE District, currently administered by Ygrene Energy Fund, Florida LLC., by entering into a membership agreement with the Green Corridor District.
Property Assessed Clean Energy (PACE) was authorized by the Florida Legislature in 2010 though Section 163.08 F.S., in an effort to im...
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