Ordinance 2022-586 - Laserfiche WebLink

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based upon an affidavit or attestation by the Property owner of the owner's total annual gross income. Fair market value shall be that value determined by the Miami -Dade County Property Appraiser, or by a credentialed commercial property appraiser or licensed realtor, or by an automated valuation service or model from a reputable third -party source; or (2) Mortgage Holder Consent or Escrow: PACE Local Governments shall verify that each prior mortgage or financing instrument holder has consented to any proposed Financing Agreement and PACE Assessment, or that the prior mortgage or financing instrument holder or loan servicer has consented to escrow sufficient funds to ensure payment of the annual assessment with each year's tax bill; or (3) Insurance or Energy Savings: PACE Local Governments shall verify that the total cost of the PACE Assessment is equal to or less than the projected savings to the property owner based upon the projected energy savings in a written statement from a Certified Energy Auditor, certified by the Association of Energy Engineers, the Residential Energy Services Network, or the Building Performance Institute, or the projected insurance savings in a written statement from the property owner's insurer. (4) Contractor Pricing: Within six months of entering into an Interlocal agreement, PACE Local Governments shall have in place pricing rules and enforcement mechanisms to ensure property owners are protected from excessive or unjustified prices and charges. (5) Estimated Energy or Insurance Savings Disclosure: PACE Local Governments shall include in the "Code of Conduct" (referenced below) and in contractor training the requirement that contractors inform Eligible Participants of the following: (a) Estimate of energy savings, insurance cost savings (if applicable) and return on investment, including the range of efficiency options (if applicable) using industry best practices; (b) Available rebates or incentives associated with Qualifying Improvements; (c) If energy improvements are undertaken: i. The benefits of installing energy efficiency improvements before renewable energv to reduce costs overall: ii. The benefits of a full Energy Audit of their property, names of energy audit professionals qualified through the Residential Energy Services Network, Building Performance Institute, Association of Energy Engineers, or other comparable program, and any available incentive programs; and iii. Costs of the Energy Audit are eligible for financing as part of the assessment. (6) Notice to Property Owner: Prior to or contemporaneously with entering into a PACE Financing Agreement, PACE Local Governments shall provide the property owner with a separate written notice disclosing the following items: (a) The total amount of the debt, including interest; (b) The maximum annual PACE Assessment and payment term that does not exceed the useful life of the improvements; (c) For energy efficiency and renewable energy Qualifying Improvements, tThe estimated savings from the Qualifying Improvements, including a statement @BCL@B80CDC07.docx Page 9 of 13 65