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WHEREAS each of the Agencies contracts with a third-party charged with administering <br /> their PACE Program. Specifically,the third party administrator for Florida Green Finance Authority <br /> is Renew Financial Group, LLC; the third party administrator for The Green Corridor Property <br /> Assessment Clean Energy (PACE) District is Ygrene Energy Fund Florida, LLC; the third party <br /> administrator for Florida Resiliency and Energy District is Florida Development and Finance <br /> Corporation; and the third party administrator for Florida PACE Funding Agency is Counterpointe <br /> Energy Solutions (FL) LLC (collectively, the "Administrators"); and <br /> WHEREAS,the Agencies have already created the financing, levy and collection process to <br /> implement PACE Programs through local government partners without cost to or assumption of <br /> liability by, or demand upon the credit of the City of Sunny Isles Beach; and <br /> WHEREAS, the Administrators have agreed to indemnify the City for acts during the <br /> administration of each of the respective PACE Programs; and <br /> WHEREAS, the City Commission deems it to be in the best interest and welfare of the <br /> resident of the City of Sunny Isles Beach. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br /> CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> Section 1. Incorporation of Recitals. The foregoing recital paragraphs are hereby ratified <br /> and confirmed as being true and the same are hereby made part of this Resolution. <br /> Section 2. Approval of Agreements and Authorization to Execute. The City <br /> Commission approves the following agreements: <br /> (1) The Florida Green Finance Authority and Renew Financial Group is attached hereto <br /> and incorporated herein as Exhibit "A". <br /> (2) The Green Corridor Property Assessment Clean Energy(PACE)District and Ygrene <br /> Energy Fund Florida is attached hereto and incorporated herein as Exhibit "B". <br /> (3) The Florida Resiliency and Energy District (FRED) and Florida Development and <br /> Finance Corporation is attached hereto and incorporated herein as Exhibit"C". <br /> (4) The Florida PACE Funding Agency and Counterpointe Energy Solutions is attached <br /> hereto and incorporated herein as Exhibit"D". <br /> Section 3. Authorization of City Manager and City Attorney. The City Manager and the <br /> City Attorney are hereby authorized to do all things necessary to execute agreements between the <br /> Florida Green Finance Authority and Renew Financial Group,the Green Corridor Pace District and <br /> Ygrene Energy Fund Florida, the Florida Resiliency and Energy District and Florida Development <br /> and Finance Corporation, and Florida Pace Funding Agency and Counterpointe Energy Solutions. <br /> Page 12 <br />