HomeMy Public PortalAboutRES-CC-2018-31RESOLUTION 31-2018
A Resolution Concerning the Authorization of the Governor's Office of
Energy Development (OED) to Conduct the Commercial Property
Assessed Clean Energy District (Utah C-PACE District), within Moab as
the Governing Body ("Governing Body")
RECITALS
A. Utah Code Ann. § 11-42a (2017) (the "Statute") establishes the
GOVERNOR'S OFFICE OF ENERGY DEVELOPMENT (OED), an independent
body corporate and politic of the State of Utah and establishes the Utah C-
PACE District and provides for the creation of new energy improvement
financing, which the District has named "C-PACE" or Commercial Property
Assessed Clean Energy.
B. Pursuant to Section 11-42a-106 of the Utah Code, OED may only
"establish and administer" the C-PACE District in the Governing Body if the
Governing Body authorizes it do so by resolution.
C. The Governing Body wishes to authorize OED to administer projects
through the C-PACE District in the Governing Body.
D. OED and Governing Body have agreed on the terms of the C-PACE
Governing Body Participation Agreement in the form attached hereto (the
"Participation Agreement").
E.. Reducing energy waste through efficiency and conservation plus the
adoption of cleaner technologies like renewable energy and electric vehicles
are all keys to mitigating carbon pollution. C-PACE financing was created to
better connect property owners, managers and tenants nationally with
funding opportunities for onsite energy projects and can help advance energy
goals locally in Moab.
THEREFORE, THE GOVERNING BODY RESOLVES:
The Governor's Office of Energy Development shall be authorized to conduct
the C-PACE District in the Governing Body in accordance with the
Participation Agreement.
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The Governing Body hereby: (a) adopts the above recitations as findings of the
Governing Body ; (b) authorizes the Governing Body Attorney, in consultation
with the Chair, to make such changes as may be needed to the Participation
Agreement in order to correct any nonmaterial errors or language that do not
materially increase the obligations of the Governing Body; (c) authorizes the
Chair to execute the Participation Agreement following review and approval
by the Governing Body Attorney; and (d) authorizes the Chair, Vice Chair, or
designee to execute any and all other necessary letters, orders, or documents
as may be required to facilitate the successful implementation of the C-PACE
District in the Governing Body.
Budget Impacts: None
ADOPTED on this leday of 2018.
SIGNATURE: ayor
ATTE T: ; ! ! �.>,.. City Recorder
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