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WHEREAS, FPFA wishes to operate within the City pursuant to the City's PACE Program, and <br />utilizes North Bridge ESG, LLC, as a third -party administrator for their PACE Program <br />("Administrator"); and <br />WHEREAS, the FPFA has 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; and <br />WHEREAS, the Administrator has agreed to indemnify the City for acts during the <br />administration of the PACE Programs for which it is a party; and <br />WHEREAS, the City Commission deems it to be in the best interest and welfare of the <br />residents of the City to enter into an interlocal agreement with FPFA, and an indemnification <br />agreement with its third -party administrator North Bridge ESG, LLC, both of which are attached <br />hereto as Exhibit "A". <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY <br />ISLES BEACH, FLORIDA, AS FOLLOWS: <br />Section 1. Incorporation of Recitals. The foregoing recital paragraphs are hereby ratified and <br />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 Commission <br />hereby approves the Interlocal Agreement with The Florida PACE Funding Agency and the <br />Indemnification Agreement with its third party administrator, North Bridge ESG, LLC, both of which <br />are attached hereto as Exhibit "A". <br />Section 3. Authorization of City Manager and City Attorney. The City Manager and the City <br />Attorney are hereby authorized to do all things necessary to execute agreements. <br />Section 4. Effective Date. This Resolution shall become effective immediately upon its <br />passage and adoption. <br />PASSED AND ADOPTED this 191h day of May 2022. <br />Dana Robin Goldman, Mayor <br />@BCL@780B01D9.doc Page 2 of 3 712 <br />