Ordinance 2018-533 - Laserfiche WebLink

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data collection and maintenance-procedures and systems within one-year of the effective date of its PACE Interlocal in order to comply. The City of Sunny Isles Beach reserves the right to publish reports on program progress and results and PACE Local Government compliance. (c) PACE Local Governments will respond to requests from the PACE Program • Coordinator for information related to the Program in a timely manner and shall provide sufficient documentation as requested by the PACE Program Coordinator to ensure that the requirements of this Article and the State statutes are being met. (d) The PACE Local Government shall retain sufficient books and records demonstrating compliance with the Agreement and State and City requirements for a minimum period of seven years from the initial date of each non-ad valorem assessment and shall allow City representatives access to such books and records upon request. (21) Amendments. City reserves the right to amend this ordinance to revise Program standards. (b)Additional Program standards for residential properties: In addition to requirements set forth in Section 163.08, Florida Statutes, PACE Local Governments that finance PACE Qualifying Improvements on residential properties within the City of Sunny Isles Beach shall, at a minimum, comply with at least one of the following additional standards for projects affecting residential properties with four residential units or fewer: (1) Financing limits: PACE Local Governments shall ensure that the total amount of any annual property taxes and assessments do not exceed five percent of the Property's fair market value, determined at the time financing is approved and ensure that the total amount of annual PACE Assessments do not exceed four percent of the total annual gross income of the Property owner in the prior calendar or fiscal year, 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 Page 12 of 17