Subject:
Title
Interlocal Agreement with the Florida PACE Funding Agency for the funding and financing of qualifying improvements to non-residential properties under the non-residential Property Assessed Clean Energy program.
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Recommended Action:
Recommended Action
Approval and execution by the County Administrator of the Interlocal Agreement with the Florida PACE Funding Agency (Agency) for the operations of a non-residential Property Assessed Clean Energy (PACE) program within the County.
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Strategic Plan:
Practice Superior Environmental Stewardship
3.1 Implement green technologies and practices where practical
Deliver First Class Services to the Public and Our Customers5.1 Maximize partner relationships and public outreach
5.2 Be responsible stewards of the public’s resources
5.3 Ensure effective and efficient delivery of county services and support
Summary:
Approval of the interlocal agreement with the Florida PACE Funding Agency would allow their PACE Administrators to operate a non-residential PACE program within the County’s jurisdiction, with the understanding that the Agency/PACE Administrator is not an agent of the County and cannot create debt obligations against the County.
PACE Programs have been developed to allow a property owner to voluntarily finance Qualifying Improvements through a non-ad valorem assessment implemented and managed by a PACE Local Government and repaid through collection on the annual property tax bill. Qualifying Improvements under the non-residential PACE program includes certain improvements to real properties for energy conservation and efficiency, renewable energy improvements, or wind resistance improvements.
Background/Explanation:
Sections §§163.01 and 163.08, Florida Statutes, allow for the creation of separate legal entities to act as a local government for the purposes of providing PACE Program funding sources to property owners who wish to utilize the program to install, finance, and repay the costs of Qualifying Improvements to their properties.
On December 12, 2017, the Board of County Commissioners approved an ordinance with uniform consumer protections, guidelines, and limitations for a non-residential PACE program. The interlocal agreement would allow for the PACE Agency/Administrator to implement a program throughout the County for interested commercial property owners.
Fiscal Impact:
N/A
Delegated Authority:
Authority for the County Administrator to sign this Interlocal Agreement is granted under Pinellas County Code Section 2-62 (a)(1).
Staff Member Responsible:
Mike Meidel, Director of Economic Development
Don Crowell, Chief Assistant County Attorney
Partners:
N/A
Attachments:
Interlocal Agreement - Redline
Interlocal Agreement - Final