24-1682 Authorizing a Commercial Property Assessed Clean Energy (C-PACE) Program RESOLUTION NO. 24-1682
A RESOLUTION OF THE CITY OF LONGWOOD, FLORIDA, AUTHORIZING A
COMMERCIAL PROPERTY ASSESSED CLEAN ENERGY(C-PACE) PROGRAM WITHIN
THE CORPORATE LIMITS OF THE CITY; APPROVING AN AGREEMENT WITH THE
FLORIDA RESILIENCY AND ENERGY DISTRICT; UTILIZING VOLUNTARY NON-AD
VALOREM ASSESSMENTS TO FINANCE QUALIFING IMPROVEMENTS;
AUTHORIZING THE CITY MANAGER OR DESIGNEE TO EXECUTE SAID
AGREEMENT;AND PROVIDING FOR IMPLEMENTING ADMINISTRATIVE ACTIONS,
SCRIVENER'S ERRORS, CONFLICTS, SEVERABILITY, AND EFFECTIVE DATE.
WHEREAS, pursuant to the Florida PACE Act, codified in Section 163.08 through Section
163.087, Florida Statutes (the "PACE Act"), commercial property owners may voluntarily finance
improvements to real property related to waste systems, resiliency, flood and water damage
mitigation, energy conservation and efficiency, renewable energy and water conservation
efficiency improvements ("Qualifying Improvements") and repay such financing through
voluntary special assessments, sometimes referred to as non-ad valorem assessments ("Special
Assessments"); and
WHEREAS, the Florida Resiliency and Energy District ("District") is a separate legal entity
and unit of local government within the State of Florida which was established by interlocal
agreement for the express purpose of providing a platform to facilitate the financing of Qualifying
Improvements throughout Florida; and
WHEREAS,the upfront costs of Qualifying Improvements impede installation and existing
financing options may be insufficient for commercial property owners to access cost-effective
financing for Qualifying Improvements due to requirements associated with traditional debt or
equity financing options; and
WHEREAS, the District has created a financing, levy and collection process to implement
its C-PACE program to assist commercial property owners who desire to improve their real
property with Qualifying Improvements; and
WHEREAS, pursuant to the PACE Act, the District may only offer its C-PACE program for
commercial properties located within the jurisdiction of the CITY if the CITY has authorized the
District to do so; and
WHEREAS, the CITY Commission deems it to be in the best interest of its residents to
authorize the District's C-PACE program and to facilitate the financing of Qualifying
Improvements to commercial properties located within the CITY in accordance with Section
163.082, Florida Statutes.
Resolution No.24-1682
Page 1 of 3
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN/VILLAGE/CITY
COUNCIL/COMMISSION, AS FOLLOWS:
SECTION 1. LEGISLATIVE FINDINGS AND INTENT. The CITY Commission hereby
adopts and incorporates into this Resolution the CITY staff report and agenda memorandum
relating to this Resolution. The forgoing recitals are incorporated in this Resolution as if fully set
forth herein and are approved and adopted. The CITY Commission has complied with all
requirements and procedures of Florida law in processing and noticing this Resolution.
SECTION 2. PERMITTING OF PACE PROGRAM. The CITY Commission hereby
authorizes the District to offer its C-PACE program in accordance with Section 163.082, Florida
Statutes and the PACE Act, to eligible commercial property owners within the boundaries of the
CITY. This Resolution does not authorize any "residential property" as defined by Section 163.08,
Florida Statutes to use the C-PACE program or any other PACE program.
SECTION 3. APPROVAL OF AGREEMENTS; AUTHORIZATION TO EXECUTE. The
CITY Commission approves the Agreement attached hereto and incorporated herein as Exhibit
"A" and authorizes the Mayor to execute the Agreement.
SECTION 4. IMPLEMENTING ADMINISTRATIVE ACTIONS. The City Manager is hereby
authorized and directed to take such actions as he may deem necessary and appropriate in order
to implement the provisions of this Resolution. The City Manager may, as deemed appropriate,
necessary and convenient, delegate the powers of implementation as herein set forth to such
employees as deemed effectual and prudent.
SECTION 5. SCRIVENER'S ERRORS. Typographical errors and other matters of a
similar nature that do not affect the intent of this Resolution, as determined by the City Clerk and
City Attorney, may be corrected.
SECTION 6. CONFLICTS. All Resolutions or parts of Resolutions in conflict with any of
the provisions of this Resolution are hereby repealed.
SECTION 7. SEVERABILITY. If any Section or portion of a Section of this
Resolution proves to be invalid, unlawful, or unconstitutional, it shall not be held to invalidate or
impair the validity, force, or effect of any other Section or part of this Resolution.
SECTION 8. EFFECTIVE DATE. This Resolution shall become effective immediately
upon its passage and adoption.
Resolution No.24-1682
Page 2 of 3
PASSED and ADOPTED this 2nd day of December, 2024.
CITY COMMISSION
CITY OF LONGWOOD FLORIDA
M TTHEW MCMILLAN, MAYOR
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a t N
' ATTE
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-ea L , CRM, CITY CLERK
7.
• A. Approved as to form and legality for the use and reliance of the City of Longwood, Florida, only.
DANIEL W. LAOy#:1ATTORNEY
Resolution No.24-1682
Page 3 of 3
This instrument was prepared by or under the supervision o (and after recording should be returned to):
Ryan Bartkus
Florida Resiliency and Energy District
c/o Florida Development Finance Corporation
156 Tuskawilla Road,Suite 2340
Winter Springs,Florida 32708
(SPACE reserved for Clerk of Court)
LIMITED PURPOSE PARTY MEMBERSHIP AGREEMENT BETWEEN THE
FLORIDA RESILIENCY AND ENERGY DISTRICT AND
CITY OF LONGWOOD
This Limited Purpose Party Membership Agreement (the "Agreement") is entered
into this el. day of be ciurAtte , 2024 by and between the FLORIDA
RESILIENCY AND ENERGY DISTRICT ("FRED"), a public body corporate and
politic created as a separate legal entity pursuant to Section 163.01(7), Florida Statutes,
and the City of Longwood, a Florida municipal corporation ("CITY") (collectively, the
"Parties")for the purpose ofproviding a Commercial Property Assessed Clean Energy("C-
PACE")program within the legal boundaries of the CITY.
WITNESSETH
WHEREAS,pursuant to the Florida PACE Act, codified in Section 163.08 through
Section 163.087, Florida Statutes (the "PACE Act"), property owners may voluntarily
fmance improvements related to waste systems, resiliency, energy efficiency and
conservation, renewable energy and water conservation efficiency improvements
("Qualifying Improvements") with the assistance of local governments, through the
execution of financing agreements and the related imposition of voluntary,non-ad valorem
special assessments; and
WHEREAS, an Interlocal Agreement, dated September 6, 2016, as amended and
supplemented from time to time (the "Interlocal Agreement") was initially entered into
between the Town of Lake Clarke Shores and the City of Fernandina Beach (each a
"Founding Member") and subsequent parties thereto (the "Public Agencies") and, in the
limited capacity described therein, the Florida Development Finance Corporation ("FDFC"
and together with the Public Agencies, the "Parties"), for the purpose of facilitating the
financing of Qualifying Improvements for properties located within FRED's aggregate legal
boundaries via the levy and collection of voluntary non-ad valorem special assessments on
improved property; and
WHEREAS, in accordance with Section 163.082, Florida Statutes, the CITY finds
that the financing of Qualifying Improvements for commercial property through the FRED
C-PACE Program provides a special benefit to participating real property within its legal
boundaries; and
WHEREAS, the Parties to this Agreement desire to supplement the Interlocal
Agreement to include CITY as a Limited Member, as such term is defmed in the Interlocal
Agreement, on the date last signed below.
NOW,THEREFORE,in consideration of the above recitals,terms and conditions,
promises and covenants hereinafter set forth, the Parties agree as follows:
SECTION 1. DEFINITIONS. Any capitalized terms used in this
Agreement, but not otherwise defmed herein, shall have the meaning specified for such
term in the Interlocal Agreement.
SECTION 2. PURPOSE. The purpose of this Agreement is to facilitate the
financing of Qualifying Improvements to commercial properties through a C-PACE
program under Section 163.082, Florida Statutes, in accordance with the PACE Act and
provide an efficient process for real property owners within the legal boundaries of the
CITY to access the C-PACE program and authorize FRED to administer the C-PACE
program within such legal boundaries. This Agreement does not authorize any "residential
property" as defmed by Section 163.08, Florida Statutes to use the C-PACE program, and
FRED agrees not to offer the C-PACE program to residential property or the owners
thereof.
SECTION 3. RIGHTS OF PARTIES. FRED, together with its member
Parties and CITY, with the intent to be bound thereto, hereby agree that the CITY shall
become a Party to the Interlocal Agreement together with only those rights and obligations
of Parties to the Interlocal Agreement as are necessary to fulfill the purposes described in
this Agreement, including access to financing and processing of non-ad valorem special
assessments by FRED, within the legal boundaries of the CITY, as more specifically
described below, and in accordance with federal, state, and local laws, rules, regulations,
ordinances, and all operational program standards of the CITY.
SECTION 4. INCORPORATION OF RECITALS AND LEVY OF
SPECIAL ASSESSMENTS. The Parties hereby acknowledge and agree with each recital
to this Agreement and incorporate such findings herein as their own. The non-ad valorem
special assessments arising from a property owner's voluntary participation in the C-PACE
program shall be levied by FRED on properties within the legal boundaries of the CITY
and the receipt and distribution of any non-ad valorem special assessments imposed by
FRED are purely ministerial acts.
SECTION 5. QUALIFYING IMPROVEMENTS. FRED may provide
access to financing for Qualifying Improvements to real property within the legal
boundaries of the CITY that has a commercial use, in accordance with the PACE Act and
the terms of the Interlocal Agreement.
SECTION 6. FINANCING AGREEMENT. Before extending any
fmancing or subjecting any participating real property within the legal boundaries of the
CITY to the non-ad valorem special assessment authorized therein, FRED and FDFC,
through their designees, shall, on a non-exclusive basis pursuant to the PACE Act and this
Agreement, enter into a financing agreement (the "Financing Agreement") with property
owner(s)within the legal boundaries of the CITY who qualify for financing through FRED.
The Financing Agreement shall include a thorough explanation of the PACE financing
process and specify at what point in the process the special assessment will be added to the
real property's owner's property tax bills and shall contain any other terms and conditions
as may be required by the PACE Act. The Parties hereto acknowledge and agree that the
CITY shall have no obligations under any such Financing Agreements.
SECTION 7. BOUNDARIES OF THE PACE PROGRAM. For the
limited purposes of administering the C-PACE program and imposing non-ad valorem
special assessments as described in this Agreement, the legal boundaries of FRED shall
include the legal boundaries of the CITY,which legal boundaries may be limited,expanded
to reflect annexation, or more specifically designated from time to time by the CITY by
providing written notice to FRED. Upon execution of this Agreement and written request
thereafter, the CITY agrees to provide FRED the current legal description of the legal
boundaries (if available) of the CITY.
SECTION 8. ELIGIBLE PROPERTIES. Within the legal boundaries of
the CITY, commercial real property may be eligible for participation in the C-PACE
program within the limits otherwise prescribed in the PACE Act.
SECTION 9. SURVIVAL OF SPECIAL ASSESSMENTS. During the
term of this Agreement, FRED may levy voluntary non-ad valorem special assessments on
participating properties within the legal boundaries of CITY to help secure the financing of
costs of Qualifying Improvements constructed or acquired on such properties based on the
finding of special benefit by the CITY. Those properties receiving financing for Qualifying
Improvements shall be assessed by FRED until such time as the fmancing for such Qualified
Improvement is repaid in full, in accordance with the PACE Act and other applicable law.
Notwithstanding termination of this Agreement or notice of a change in the legal boundaries
of the CITY as provided for herein, those properties that have received financing for
Qualifying Improvements shall continue to be a part of FRED, until such time that all
outstanding debt has been satisfied.
SECTION 10. TERM. This Agreement shall remain in full force and effect
from the date of its execution by both Parties and shall expire on September 30, 2029,
unless terminated earlier as provided herein. Any Party may terminate this Agreement for
convenience upon thirty (30) days' prior written notice ("Termination Notice") in
accordance with the terms of the Interlocal Agreement. Beginning on September 30, 2029
or the date FRED receives a Termination Notice from the CITY, whichever date is earlier
(the"Termination Date"),FRED shall not approve any new applications affecting property
within the legal boundaries of the CITY referenced in the Termination Notice.
Notwithstanding termination of this Agreement, however, property owners whose
applications were received prior to the Termination Date, and who received funding
through the C-PACE program, shall continue to be a part of FRED, for the sole purpose of
FRED imposing assessments for the repayment of such property's outstanding debt, until
such time that all outstanding debt has been satisfied.
SECTION 11. CONSENT. This Agreement, together with the resolution by
the governing board of the CITY approving this Agreement, shall be considered the
Parties' continued consent to authorize FRED to administer the C-PACE program within
the legal boundaries of the CITY, required by the PACE Act.
SECTION 12. COORDINATOR. The CITY Manager's Office within the
CITY shall serve as the CITY's primary point of contact and coordinator. The CITY will
advise FRED of any changes to the CITY's own primary contact and coordinator within
30 days of such changes.
SECTION 13. LIMITED OBLIGATIONS.Neither FRED nor FDFC is
authorized to issue bonds, or any other form of debt, on behalf of the CITY without a
separate interlocal agreement or other authority provided by State law. To the extent that
FRED or FDFC issues C-PACE-related bonds under its own authority in connection with
this Agreement, the security for such bonds may be secured by non-ad valorem special
assessments imposed by FRED on participating properties within the legal boundaries of
the CITY. The issuance of such bonds shall not directly or indirectly or contingently
obligate the CITY to levy or to pledge any form of taxation whatever, or to levy ad valorem
taxes on any property within their territorial limits to pay the bonds, and the bonds shall not
constitute a lien upon any property owned by the CITY. For any such bonds, the bond
disclosure document, if any, shall include references to the fact that the CITY is not an
obligated party, and also adequately disclose material attendant risks with C-PACE
programs.
In no event shall the CITY be liable for or obligated to pay or perform any debts,
liabilities, conditions or obligations arising as a result of any fmancing agreement, any
special assessment, any qualifying improvements, any act or omission of any property
owner or its/their agents, or any act or omission of FRED or its officers, directors,
employees and agents (including its Third-Party Administrator). CITY shall have no
monetary, appropriation or budgetary obligations under this Agreement, the PACE
Program, the Interlocal Agreement or any authorizing resolution or ordinance. Neither the
FRED nor any holder of any debt obligation issued by FRED shall ever have the right to
compel the exercise of the ad valorem taxing power of the CITY or taxation in any form
of property therein to pay any amount due under any financing agreements or any special
assessment.
SECTION 14. LIABILITY, INDEMNIFICATION AND SOVEREIGN
IMMUNITY.
(A) The CITY and FRED are and shall be subject to Sections 768.28 and
163.01(9)(c), Florida Statutes, and any other provisions of Florida law governing sovereign
immunity.Pursuant to Section 163.01(5)(0),Florida Statutes,and this covenant of the parties
hereto,the local governments who are either or both the founders or members of FRED shall
not be held jointly liable for the torts of the officers or employees of the FRED, or any other
tort attributable to FRED, and that FRED alone shall be liable for any torts attributable to it
or for torts of its officers, employees or agents, and then only to the extent of the waiver of
sovereign immunity or limitation of liability as specified in Section 768.28, Florida Statutes.
CITY and FRED acknowledge and agree that FRED shall have all of the applicable privileges
and immunities from liability and exemptions from laws, ordinances,rules and common law
which apply to the municipalities and counties of the State. The CITY is completely
independent of FRED. To the extent provided by law, FRED shall indemnify, defend and
hold harmless the CITY from any and all damages, claims, and liability arising from the
negligence or intentional misconduct of FRED relating to operation of the C-PACE program.
Nothing in this Agreement is intended to inure to the benefit of any third-party for the purpose
of allowing any claim, which would otherwise be barred under the doctrine of sovereign
immunity or by operation of law.
(B) Neither the CITY, nor the local governments who are either or both the
founders or members of the Agency, nor any subsequently joining or participating local
government as members of FRED shall in any manner be obligated to pay any debts, obli-
gations or liabilities arising as a result of any actions of FRED, the governing board of
FRED or any other agents, employees, officers or officials of FRED, except to the extent
otherwise mutually and expressly agreed upon, and neither FRED, the governing board of
FRED or any other agents, employees, officers or officials of FRED have any authority or
power to otherwise obligate either the CITY, the local governments who are either or both
the founders or members of FRED, nor any subsequently subscribing or participating local
government in the business of FRED in any manner.
(C) All of the privileges and immunities from liability and exemptions from laws,
ordinances and rules which apply to the activity of officials, officers, agents or employees of
the parties shall apply to the officials, officers, agents or employees thereof when performing
their respective functions and duties under the provisions of this Agreement.
(D) In no event shall the CITY be liable for or obligated to pay or perform any
debts, liabilities, conditions or obligations arising as a result of any Financing Agreement,
Financing Documents, Special Assessment, Qualifying Improvements or any act or
omission of any property owner or its/their agents. CITY shall have no monetary,
appropriation or budgetary obligations under this Agreement or any authorizing resolution.
SECTION 15. AGREEMENTS WITH TAX COLLECTOR AND
PROPERTY APPRAISER. This Agreement shall be subject to the express condition
precedent that FRED enter into separate agreement(s) with the tax collector and the
property appraiser(if requested)having jurisdiction over the legal boundaries of the CITY,
which shall provide for the collection of any non-ad valorem special assessments imposed
by FRED within the legal boundaries of the CITY.. FRED shall be solely responsible for
professionally coordinating all interface with the tax collector and property appraiser, and
minimize to the greatest extent reasonably possible the time, effort and attention of these
public officials to accomplish the public purposes and direction of this Agreement. FRED
shall ensure and be responsible for compliance with all laws, rules and regulations in the
imposition and collection of any special assessments levied upon property owned by
participating property owners who have entered into a financing agreement. CITY shall
have no obligations relating to the imposition and collection of special assessments levied
upon property owned by participating property owners who have entered into a fmancing
agreement.
SECTION 16. AGENTS OF FRED. FRED shall ensure that its agents,
administrators, subcontractors, successors and assigns are, at all times, in compliance with
the terms of this Agreement and applicable CITY, state and federal laws.
SECTION 17. NOTICES. Any notices to be given hereunder shall be in
writing and shall be deemed to have been given if sent by hand delivery, recognized
overnight courier (such as Federal Express), or by written certified U.S. mail, with return
receipt requested, or by electronic mail, addressed to the Party for whom it is intended, at
the place specified. For the present, the Parties designate the following as the respective
places for notice purposes:
If to FRED:
The Florida Resiliency and Energy District
c/o Florida Development Finance Corporation
156 Tuskawilla Road, Suite 2340
Winter Springs, FL 32708
info@fdfcbonds.com
and Issuer's Counsel with Nelson Mullins Riley & Scarborough LLP
Joseph Stanton,Esq.
Nelson Mullins Riley & Scarborough LLP
390 North Orange Avenue, Suite 1400
Orlando, FL 32801-4961
407.839.4200 (t)
j stanton@nelsonmullins.com
If to the City of Longwood:
City of Longwood
Attn: City Manager
175 West Warren Avenue
Longwood, Florida 32750
SECTION 18. AMENDMENTS. No modification, amendment or alteration
in the terms or conditions contained herein shall be effective unless contained in a written
document prepared with the same or similar formality as this agreement and executed by
the CITY and FRED or other delegated authority authorized to execute same on their
behalf. FRED and CITY agrees that the previous Limited Purpose Party Membership
Agreement dated February 20, 2017 between the parties has been terminated and is no
longer in effect.
SECTION 19. JOINT EFFORT.The preparation of this Agreement has been
a joint effort of the Parties hereto and the resulting document shall not, solely as a matter
of judicial construction, be construed more severely against one of the Parties than the
other.
SECTION 20. ASSIGNMENT. The respective obligations of the Parties set
forth in this Agreement shall not be assigned, in whole or in part, without the written
consent of the other Party hereto.
SECTION 21. THIRD PARTY BENEFICIARIES. None of the Parties
intend to directly or substantially benefit a third party by this Agreement. Therefore, the
Parties acknowledge that there are no third-party beneficiaries to this Agreement and that
no third party shall be entitled to assert a right or claim against either of them based upon
this Agreement;provided,however,that counsel to the Parties may rely on this Agreement
for purposes of providing any legal opinions required by the issuance of debt to finance
the Qualifying Improvements.
SECTION 22. RECORDS. The Parties shall each maintain their own
respective records and documents associated with this Agreement in accordance with the
requirements for records retention set forth in Chapter 119, Florida Statutes.
SECTION 23. RECORDING. This Limited Purpose Party Membership
Agreement shall be filed by FRED with the Clerk of the Circuit Court in the Public Records
of Seminole County and recorded in the public records of Seminole County,as an amendment
to the Interlocal Agreement, in accordance with Section 163.01(11),Florida Statutes.
SECTION 24. SEVERABILITY. In the event a portion of this Agreement
is found to be unenforceable by a court of competent jurisdiction,that part shall be deemed
severed from this Agreement and the remaining provisions of this Agreement shall remain
in full force and effect.
SECTION 25. EFFECTIVE DATE. This Agreement shall become effective
upon the execution by both Parties hereto.
SECTION 26. LAW,JURISDICTION,AND VENUE.This Agreement shall
be interpreted and construed in accordance with and governed by the laws of the state of
Florida. The Parties agree that the exclusive venue for any lawsuit arising from,related to, or
in connection with this Agreement shall be in the state courts of the Eighteenth Judicial Circuit
in and for Seminole County, Florida, the United States District Court for the Middle District
of Florida or United States Bankruptcy Court for the Middle District of Florida,as appropriate.
SECTION 27. NON-EXCLUSIVE. The C-PACE Program,this Agreement and the
Interlocal Agreement are non-exclusive for the CITY, meaning the CITY specifically
reserves the right to join any other entity providing a similar program under Section 163.08,
Florida Statutes, or create its own program under Section 163.08, Florida Statutes.
[SIGNATURE PAGES FOLLOW]
IN WITNESS WHEREOF, this Agreement has been executed by and on behalf
of the CITY by its Mayor, its seal affixed hereto, as attested by its City Clerk as of the
at4, day of beta,,nnear 12024.
City of Longwood
/ I I
By:
Matthew McMillan
APPROVED AS TO FORM:
By: ✓ — ,
Daniel La►: - , , ,: torney
ATTEST:
13y:
is e e n , lerk
[SIGNATURE PAGE TO LIMITED PURPOSE PARTY MEMBERSHIP AGREEMENT]
ITNESS: FLORID SILIENCY AND ENERGY DISTRICT
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1\3\rk\Q,Nk._ k4 LAL_c s
Print Name
Address: 156 Tuskawilla Road, Suite 2340
Winter Springs,Florida 32708
WITNESS:
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Print Name
Address: 156 Tuskawilla Road, Suite 2340
Winter Springs, Florida 32708
STA l'E of FLORIDA
COUNTY OF Ste;Hole,
The foregoing instrument was acknowledged before me by means of$4 physical presence
or ] online notarization, this l??`' day of f Jvve..�e/ , 2024, by
kt1 erl'kis , per, tt...c T,.w / of the Florida
Resiliency and Energy District, who is personally known to me/has produced
as identification.
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Printed/Typed Name. e.-a-1c,,
1 Notary Public State of Florida I
1 ` Christopher Bryan I
1111 My Commission HH 291043 1 Notary Public—State of Florida
Expires 7/21/2026 1
Commission Number: 2 4//6-(3
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,ONGWOOD W `
Florida Agenda Item 12C
To: The Honorable Mayor and City Commissioners
From: Clint Gioielli, City Manager
Date: December 2, 2024
Subject: Read by title only and adopt Resolution No. 24-1682, authorizing the adoption
of an agreement with Florida Resiliency and Energy District (FRED)
establishing a Commercial Property Clean Energy (C-PACE) Program in the City
of Longwood.
Introduction:
This agenda item recommends the City Commission read by title only and adopt Resolution
No.24-1682 authorizing a non-exclusive interlocal agreement with Florida Resiliency and Energy
District (FRED). This agreement will establish a city program for the financing of improvements
on commercial properties for energy conservation and efficiency, renewable energy upgrades,
wind resistance enhancements, septic system needs and flood mitigation.
Background/Discussion:
Since 2001, the City has used the uniform method of collecting non-ad valorem taxes used to
collect assessments for wastewater upgrades, street paving projects and neighborhood
improvements. In 2016 Resolution No. 15-1386 was adopted which allows the City to also
authorize the collection of assessments for certain qualifying improvements as established by
the Florida PACE Act.
On October 7, 2024 the City Commission voted to terminate four PACE Program agreements so
that the programs would not longer be offered to residential property owners. During the
commission meeting the Commission requested staff to return with a commercial only PACE
Program agreement recognizing the voluntary program may be helpful as a financing option to
commercial property owners who require necessary improvements without other financial
resources.
Budget Impact:
There is no anticipated impact on the budget.
Recommendation:
The City Manager recommends approval of Resolution No.24-1682 authorizing a non-exclusive
interlocal agreement with Florida Resiliency and Energy District (FRED). This agreement will
establish a city program for the financing of improvements on commercial properties for
,ONGWOOD
Florida Agenda Item 12C
energy conservation and efficiency, renewable energy upgrades, wind resistance
enhancements, septic system needs and flood mitigation.
REQUESTED MOTION/ACTION:
I move to approve Resolution No. 24-1682 as presented.
Prepared By:
Clint Gioielli, City Manager
Reviewed By:
Clint Gioielli, City Manager
Attachments:
1. Resolution No. 24-1682
2. Interlocal Agreement FRED C-PACE