HomeMy Public PortalAbout2018-29 Approving property assessed clean enrgy PACE programs with the Florida Resiliency and Energy DistrictRESOLUTION NO. 2018-29
A RESOLUTION OF THE VILLAGE COUNCIL OF THE
VILLAGE OF KEY BISCAYNE, FLORIDA, APPROVING
PROPERTY ASSESSED CLEAN ENERGY (PACE)
PROGRAMS WITH THE FLORIDA GREEN FINANCE
AUTHORITY, THE FLORIDA RESILIENCY AND
ENERGY DISTRICT, AND THE FLORIDA PACE
FUNDING AGENCY; PROVIDING FOR
AUTHORIZATION; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, Section 163.08, Florida Statutes (the "Supplemental Act"), authorizes
counties, municipalities and certain separate local government entities to establish and administer
financing programs, commonly known as Property Assessed Clean Energy (PACE) Programs
("PACE Programs"), in order to provide the up -front financing for energy conservation and
efficiency, renewable energy and wind resistance improvements ("Qualifying Improvements"),
and repay such funding through voluntary special assessments, sometimes referred to as non -ad
valorem assessments, levied upon the improved property pursuant to financing agreements
between the property owner and the local government; and
WHEREAS, on April 22, 2014, the Village of Key Biscayne ("Village") Council
adopted Resolution No. 2014-13 authorizing the creation of a PACE Program and agreeing to
join the Green Corridor Property Assessment Clean Energy (PACE) District; and
WHEREAS, the Florida Green Finance Authority, the Florida Resiliency and Energy
District, and the Florida PACE Funding Agency (collectively, the "Agencies") are currently
three (3) separate legal entities and units of local government within the State of Florida which
were established by separate interlocal agreements for the express purpose of providing PACE
Programs in scalable and uniform platforms to facilitate the financing of Qualifying
Improvements throughout Florida; and
WHEREAS, the Agencies would like to offer their PACE Programs within the Village;
and
WHEREAS, the Village Council finds that this Resolution is in the best interest and
welfare of the residents of the Village.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF
THE VILLAGE OF KEY BISCAYNE, FLORIDA, AS FOLLOWS:
Section 1. Recitals. Each of the above -stated recitals are hereby adopted, confirmed,
and incorporated herein.
Section 2. Approval. 1'he Village approves the Agencies to operate PACE Programs
within the Village.
Section 3. Authorization. The Village Manager is hereby authorized to negotiate
and enter into agreements with (a) the Florida Green Finance Authority, (b) Florida PACE
Funding Agency, and (c) the Florida Resiliency Energy District, subject to approval by the
Village Attorney as to form, content, and legal sufficiency.
Section 4. Effective Date. That this Resolution shall be effective immediately upon
adoption.
PASSED and ADOPTED this 25th day of June, 2018.
ATT
JE IFER ' DINA MC
LLAGE CLERK
APPROVED AS TO FORM AND LEGAL SUF
VILLAGE ATTORNEY
MAYRA PENA L
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