17-1420 Creating PACE and Joining the Florida Green Finance Authority's Property Assessed Clean Energy ProgramRESOLUTION NO. 17-1420
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF LONGWOOD, FLORIDA, CREATING A
PROPERTY ASSESSED CLEAN ENERGY PROGRAM AND
JOINING THE FLORIDA GREEN FINANCE
AUTHORITY'S PROPERTY ASSESSED CLEAN ENERGY
(PACE) PROGRAM IN ACCORDANCE WITH SECTION
163.08, FLORIDA STATUTES; APPROVING A PARTY
MEMBERSHIP AGREEMENT AND ITS INCORPORATED
INTERLOCAL AGREEMENT, AS AMENDED, PURSUANT
TO SECTION 163.01, FLORIDA STATUTES; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, in 2010, the Florida Legislature adopted HB 7179 which created Section
163.08, F.S., 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, Section 163.08, F.S. 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 Florida Green Finance Authority PACE Program in
order to provide the upfront financing to property owners for Qualifying Improvements and to
enter into an interlocal agreement with the Florida Green Finance Authority 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:
Resolution No. 17-1420
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Section 1. Recitals. The above recitals are true and correct and are incorporated
herein by this reference.
Section 2. Creation of non-exclusive PACE Program/Approval of Party
Membership Agreement. The City Commission hereby creates a PACE Program pursuant to
Section 163.08, Florida and approves the Parry 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 Parry Membership Agreement
between the Florida Green Finance Authority (the "Authority") and the City of Longwood
attached hereto (the "Party Membership Agreement"), which in part provides for the City of
Longwood's consent to join as a member of the Authority pursuant to the terms and conditions
of the Party Membership Agreement and the Interlocal Agreement, as defined within said Party
Membership Agreement. The Mayor and City Clerk are hereby authorized to execute the Party
Membership Agreement on behalf of the City of Longwood.
Section 3. Effective Date. This Resolution shall take effect immediately upon
adoption.
PASSED and ADOPTED this 20' day of FEBRUARY, 2017.
ITT A
•7l`Mayor
Approved as to form and legality for the use and reliance of the City of Longwood, Florida, only.
Daniel W. Langley ney
Resolution No. 17-1420
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