17-1422 Creating PACE and Joining the Green Corridor Property Assessed Clean Energy DistrictRESOLUTION NO. 17-1422
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF LONGWOOD, FLORIDA, CREATING A
PROPERTY ASSESSED CLEAN ENERGY PROGRAM AND
JOINING THE GREEN CORRIDOR PROPERTY
ASSESSED CLEAN ENERGY (PACE) DISTRICT IN
ACCORDANCE WITH SECTION 163.08, FLORIDA
STATUTES; APPROVING A MEMBERSHIP AGREEMENT
AND ITS INCORPORATED INTERLOCAL AGREEMENT
PURSUANT TO SECTION 163.01, FLORIDA STATUTES;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, in 2010, the Florida Legislature adopted HB 7179 (Section 163.08,
F.S.)(the `Bill'), which allows local governments to create Property Assessed Clean Energy
(PACE) programs in order to provide the upfront financing for energy conservation and
efficiency (i.e. energy -efficient heating, cooling, or ventilation systems), renewable energy (i.e.
solar panels), wind resistance (i.e. impact resistant windows) and other improvements that are
not inconsistent with state law (the "Qualifying Improvements"); and
WHEREAS, PACE programs not only assist residents and business owners in reducing
their carbon footprint and energy costs, but also stimulate the local economy by the creation of
needed construction jobs; and
WHEREAS, the Bill authorizes local governments that create PACE programs to enter
into a partnership in order to provide more affordable financing for the installation of the
Qualifying Improvements; and —
WHEREAS, the City Commission hereby desires to create a PACE program pursuant to
Section 163.08, Florida Statutes, for the purpose of providing upfront financing to property
owners for Qualifying Improvements; and
WHEREAS, given the wide spread energy and economic benefits of PACE programs,
the City Commission desires to join the Green Corridor PACE District in order to provide the
upfront financing to property owners for Qualifying Improvements and to enter into an interlocal
agreement with the Green Corridor PACE District for the purpose of financing such
improvements; and
WHEREAS, the City Commission finds that this Resolution is in the best interest and
welfare of the residents of the City of Longwood
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF LONGWOOD, FLORIDA, AS FOLLOWS:
Section 1. Recitals. The above recitals are true and correct and are incorporated
herein by this reference.
Resolution No. 17-1422
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Section 2. Creation of non-exclusive PACE Program/Approval of Agreement.
The City Commission hereby creates a PACE Program pursuant to Section 163.08, Florida and
approves the Membership Agreement (as defined herein), for the purpose of providing upfront
financing to property owners within the City for Qualifying Improvements. The City
Commission hereby approves the Membership Agreement between the Green Corridor Clean
Energy Property Assessed (PACE) District ("Green Corridor District") and the City of
Longwood attached hereto (the "Membership Agreement"), which in part provides for the City
of Longwood's consent to join as a non -voting member of the Green Corridor District pursuant
to the terms and conditions of the Membership Agreement and the Interlocal Agreement, as
defined within said Membership Agreement. The Mayor and City Clerk are hereby authorized to
execute the Interlocal Agreement on behalf of the City of Longwood.
Section 3.
adoption.
Effective Date.
This Resolution shall take effect immediately upon
PASSED and ADOPTED this 201 day of FEBRUARY, 2017.
Att st-
i
Michele Lon , C ity Clerk
CITY OF LONGWOOD, FLORIDA
AosOu 2,ayor
Approved as to form and legality for the use and reliance of the City of Longwood, Florida, only.
`- 1
Darnel W. La e Ci Attorney
Resolution No. 17-1422
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