TO: Mayor and Commissioners
FROM: Caryn Gardner-Young, Assistant City Manager
THROUGH: Chief Neal de Jesus, Interim City Manager
DATE: July 18, 2017
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RESOLUTION NO. 49-17 AUTHORIZING THE EXECUTION OF A NON-EXCLUSIVE INTERLOCAL AGREEMENT WITH THE FLORIDA PACE FUNDING AGENCY TO ADVANCE A PROPERTY ASSESSED CLEAN ENERGY PROGRAM ("PACE")
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Recommended Action:
Recommendation
Motion to Approve Resolution No. 49-17 authorizing the execution of a non-exclusive Interlocal local agreement with the Florida PACE Funding Agency.
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Background:
On May 4, 2017, the City of Delray Beach City Commission ("City") adopted a Property Assessed Clean Energy ordinance that promoted a multi-provider PACE program model and instituted certain disclosure requirements and protections for Delray Beach residents. Concurrently, the City Commission adopted resolutions that made the City party to the Florida Green Corridor Interlocal Agreement and reaffirmed our participation in the PACE program run by Renew Financial. At the conclusion of the discussion of this item, the Mayor requested that staff bring forward agreements to be members or subscribers to the other two large PACE provider districts in Florida as soon as possible.
Resolution No. 49-17 accepts and makes Delray Beach party to the Interlocal for the Florida PACE Funding Agency. The Florida PACE Funding Agency was created in June 2011 through an interlocal agreement between Flagler County and the City of Kissimmee, in accordance with Section 163.01, Florida Statues, to facilitate the statewide implementation, planning, funding, marketing and management of PACE financing for residential and commercial property-owning constituents. Florida PACE Funding Agency, the interlocal district with the funding authority, works through Alliance NRG, as the Third-Party Administrator which markets and manages the program.
Florida PACE Funding Agency currently operates in 16 Florida co...
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