Ordinance 2018-533 - Laserfiche WebLink

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(f) The installation and operation of Qualifying Improvements not only benefits the affected properties for which the improvements are made, but also provides a public benefit by assisting in fulfilling the goals of the State's and County's energy and hurricane mitigation policies. (g) The voluntary participation in the PACE Program by property owners will provide an alternative financing option to finance the costs to provide and install Qualifying Improvements to property located within the City of Sunny Isles Beach. § 251-2. Definitions. The following words, terms and phrases when used in this Chapter shall have the meanings ascribed to them in this chapter, except where the context clearly indicated a different meaning: (a) City Commission shall mean the City of Sunny Isles Beach Commissioners. (b) Eligible Participant shall mean any residential or non-residential Property owner who voluntarily participates in the PACE Program and satisfies the eligibility requirements set forth in Section 251-8 of this Chapter. (c) PACE Act shall mean Section 163.08, Florida Statutes. (d) PACE Assessment shall mean the non-ad valorem assessment placed on a property owner's tax bill as a result of financing obtained pursuant to the PACE Financing Agreement. (e) PACE Financing Agreement shall mean the agreement entered into between the Eligible Participant and the PACE Local Government specifying the Qualifying Improvements to be installed at the Property and the terms and conditions for financing those improvements through non-ad valorem assessments levied on the Property. (f) PACE Interlocal shall mean an agreement entered into between City of Sunny Isles Beach and a PACE Local Government authorizing the PACE Local Government to administer a PACE Program within the City of Sunny Isles Beach. (g) PACE Local Government shall mean a separate legal entity, other than a county or municipality, created pursuant to Section 163.01(7), Florida Statutes, and/ or its designated PACE Program administrator as applicable. (h) PACE Program or Program shall mean the Property Assessed Clean Energy program authorized by this Article within the boundaries of the City of Sunny Isles Beach. (i) PACE Program Coordinator shall mean the City staff liaison between the PACE Local Government and the City as delegated by the City Administrator. (j) Property means a residential or non-residential property, as determined by the most current version of the Florida Building Code, and/or the building or facility that is part of the property, as applicable, located within the jurisdictional boundaries of the City of Sunny Isles Beach. Page 3 of 17