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County Attorney's Report 12. 2.

BCC Regular Meeting

Action

Meeting Date:	07/23/2015
Issue: Property Assessed Clean Energy (PACE) Financing Programs - Florida PACE Funding Agency
From:	Alison Rogers
Department:	County Attorney's Office
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Property Assessed Clean Energy Financing Programs.

That the Board authorize the Chairman to execute the following documents implementing a Property Assessed Clean Energy (PACE) financing program administered by the Florida PACE Funding Agency:

A. Non-Exclusive Interlocal Subscription Agreement Relating to the Funding and Financing of Qualifying Improvements by the Florida PACE Funding Agency; and

B. Resolution authorizing the Florida PACE Funding Agency program.

BACKGROUND:

On March 5, 2015, the Board directed staff to develop the documents required to implement financing programs with providers of PACE financing.

As directed by the Board, the documents for the Florida PACE Funding Agency have been modified to restrict PACE funding to commercial properties.

BUDGETARY IMPACT:

N/A

LEGAL CONSIDERATIONS/SIGN-OFF:

Legal concerns with the PACE program (e.g., impairment of contract) are discussed in the emails included in the supporting documentation and will be addressed by the County Attorney prior to or at the Board meeting.

PERSONNEL:

N/A

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

N/A

Attachments
Interlocal Agreement
Resolution
Florida PACE Charter
March 6, 2015 Email