Reso 2022-3348 - Laserfiche WebLink

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RESOLUTION NO. 2022 - A RESOLUTION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, APPROVING AN INTERLOCAL AGREEMENT WITH THE FLORIDA PACE FUNDING AGENCY, AND AN INDEMNIFICATION AGREEMENT WITH ITS THIRD -PARTY ADMINISTRATOR, NORTH BRIDGE ESG, LLC.; AUTHORIZING THE CITY MANAGER AND CITYATTORNEYTO DO ALL THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Section 163.08, Florida Statutes (the "Supplemental Act"), authorizes counties, municipalities and certain separate local government entities to establish and administer financing programs pursuant to which owners of real property may obtain funding for energy conservation and efficiency, renewable energy and wind resistance improvements (as referred to therein, the "Qualifying Improvements"), and repay such funding through voluntary special assessments, sometimes referred to as non -ad valorem assessments ("Special Assessments"), levied upon the improved property pursuant to financing agreements between the owner thereof and the local government (the "Financing Agreements"); and WHEREAS, the Florida PACE Funding Agency ("FPFA") is one such separate unit of local government within the State of Florida which was established forthe express purpose of providing uniform platform to facilitate the financing of Qualifying Improvements throughout the State of Florida; and WHEREAS, pursuant to the Supplemental Act or as otherwise provided by law, local governments may enter into a partnership with other local governments for the purpose of providing and financing Qualifying Improvements, and a Qualifying Improvement Program may be administered by a third party for-profit entity or a not for profit organization on behalf of or at the discretion of the local government; and WHEREAS, the installation of Qualifying Improvements may increase energy efficiency and improve the wind resistance of existing structures within the City of Sunny Isles Beach ("City") thereby reducing the burdens from fossil fuel energy production and contributing to the local economy by cost savings to property owners, enhancing property values and increasing job opportunities; and WHEREAS, the upfront costs of Qualifying Improvements impede installation and existing financing options may be insufficient for property owners to access cost-effective financing for energy-saving or wind -resistance property improvements due to requirements associated with traditional debt or equity financing options; and WHEREAS, pursuant to the aforementioned Supplemental Act, on November 15, 2018, the City adopted Ordinance No. 2018-533, establishing a Property Assessed Clean Energy Program in the City ("PACE Program"), which is codified in Chapter 251 of the City's Code of Ordinances ("Code"); and @BCL@780B01D9.doc Page 1 of 3 711