Agenda Item Name:
Title
Renewal of Property Assessed Clean Energy Interlocal Agreements
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Presenter:
Heather Langford, Sustainability Manager 352-264-6908
Sean McLendon, Strategic Initiatives Manager 352-548-3765
Description:
Renewal of Property Assessed Clean Energy Interlocal Agreements with an ability to pay provision.
Recommended Action:
Recommended Action
Approve the renewal of all existing PACE interlocal agreements with the same terms as the current agreements, with the addition of an "Ability to Pay" provision and for a term of five years and authorize the Chair to sign the interlocal agreements after the PACE programs have signed. The "Ability to Pay" provision will be added to each proposed agreement and read as follows:
"Ability to Pay for Residential PACE Assessments
Before final approval on a financing agreement on residential property, the third-party administrator must reasonably determine that the property owner has an ability to pay the estimated annual assessment. As part of this determination, a property owner's income may be confirmed using information gathered from reputable third-parties that provide reasonably reliable evidence of the property owner's household income. Income may not be confirmed solely from a property owner's statement."
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Prior Board Motions:
December 8, 2015 Regular Board Meeting Agreements with Property Assessed Clean Energy Providers Commissioner Byerly moved to implement the PACE Program for Commercial Properties. The motion carried 5-0. Commissioner Byerly moved to implement the PACE Program for Residential Properties. The motion carried 3-2 with Commissioners Chestnut and Pinkoson voting "Nay". Commissioner Byerly moved the following:
1.A. Approve and authorize the Chair to sign the Third Party Administered Interlocal Agreements, Resolution and other supporting documents to enact a Property Assessed Clean Energy Tuesday, December 8, 2015 - 9:00 A.M. & 5:00 P.M. program in Alachua County for resi...
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