Res No. 50-17RESOLUTION NO. 50-17
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
DELRAY BEACK FLORIDA, EXPRESSING THE CITY'S SUPPORT AND
INTENTION TO JOIN WITH THE PARTIES TO THE INTERLOCAL
AGREEMENT CREATING THE FLORIDA RESILIENCY AND ENERGY
DISTRICT ("FRED") PROPERTY ASSESSED CLEAN ENERGY ("PACE")
PROGRAM WITHIN THE CITY BOUNDARIES; PROVIDING
INTERESTED PROPERTY OWNERS WITH THE OPPORTUNITY TO
FINANCE ENERGY EFFICIENCY, RENEWABLE ENERGY AND WIND
RESISTANCE IMPROVEMENTS ON THEIR PROPERTY BY
REPAYMENT THROUGH NON -AD VALOREM ASSESSMENTS ON
THEIR PROPERTY TAX BILL; AUTHORIZING APPROVAL OF THE
LIMITED PURPOSE PARTY MEMBERSHIP AGREEMENT WITH FRED
AND APPROVING THE AUTHORITY FOR ADMINISTRATION BY
RENOVATE AMERICA AS THE THIRD PARTY ADMINISTRATOR IN
THE CITY OF DELRAY BEACH ; PROVIDING AN EFFECTIVE DATE;
AND FOR OTHER PURPOSES.
WHEREAS, home and business energy consumption accounts for a large portion of the
overall usage of energy in a community; and
WHEREAS, there is a vast quantity of existing structures with many years of remaining life
before replacement, and these structures are not as energy efficient as today's standards, nor do
many existing buildings have renewable energy systems installed to provide some or all of their
electric energy needs and many buildings are in need of improvements to protect them against
damage from storm events; and
WHEREAS, installing energy efficiency, renewable energy and wind resistance
improvements on existing structures can provide significant progress towards increased energy
conservation and protection of properties in the City of Delray Beach and statewide; and
WHEREAS, the upfront costs of these improvements are a hurdle to installing them and
existing financing options may be insufficient for property owners to access cost-effective financing
for energy-saving or wind -resistance property improvements due to requirements associated with
traditional debt or equity financing options; and
WHEREAS, the expected life of energy efficiency, renewable energy or wind resistance
projects may require a longer term payback period than offered by traditional financing, which may
necessitate alternative options to fund installation of the improvements; and
WHEREAS, local governments within Florida and nationally have either formed, or are
contemplating the formation of, programs to provide alternative financing options allowing a
property owner to voluntarily finance energy efficiency and renewable energy improvements
through payment of non -ad valorem assessments; and
WHEREAS, the State of Florida has declared it the public policy of the State to develop
energy management programs aimed at promoting energy conservation and protecting properties
from wind damage; and
WHEREAS, the financing provided to these participating property owners will be repaid
though non -ad valorem assessments and only those property owners who request to participate will
be levied the assessments; and
WHEREAS, the benefits of these energy financing programs include improved air quality,
lowered fossil fuels use, creating energy independence and security, promoting the creation of jobs
and economic development by stimulating "green industries" and saving citizens money by reducing
energy consumption; and
WHEREAS, Section 163.08, F.S. authorizes local governments in Florida to either form
individually, or in partnership with other local governments, programs to allow property owners to
voluntarily finance energy efficiency, renewable energy or wind resistance improvements; and
WHEREAS, the Florida Resiliency and Energy District ("FRED" or "the District") is a
separate legal entity of local governments pursuant to Section 163.01(7), Florida Statutes, to offer
Qualifying Improvements as evidenced by an original Interlocal Agreement dated September 6,
2016, as amended by the Second Amended and Restated Interlocal, recorded in the public records
for Palm Beach County on May 11, 2017 at ORB 29077/ Page 1780; and
WHEREAS, a proposed Limited Purpose PartyMembexship Agreement (the Agreement)
with FRED is attached as Exhibit "A"; and
WHEREAS, the District program will provide significant benefits including property owner
cost savings, enhancing property values, economic development and job opportunities and the City
of Delray Beach believes that it is in the best interests of the health, safety and welfare of its citizens
to participate in the program; and
WHEREAS, the City Commission desires to join the Agreement to implement FRED's
program through its third party administrator, Renovate America, and to offer it within the City of
Delray Beach.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DELRAY BEACK FLORIDA, AS FOLLOWS:
Section 1. The above declarations are true and accurate, and are incorporated herein.
Section 2. The City Commission of the City of Delray Beach, a political subdivision of the
State of Florida, hereby authorizes participation in the Florida Resiliency and Energy District
(FRED) to implement the FRED PACE program within the City boundaries through FRED's
third party administrator, Renovate America.
Section 3. The City Commission hereby directs the City Clerk do all things necessary to
become a member of the FRED program and authorizes the Mayor of the City of Delray Beach to
execute the Limited Purpose Parry Membership Agreement on behalf of the City.
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Section 4. The City Commission hereby authorizes membership in the membership
agreement and to offer the FRED PACE program within the City of Delray Beach as implemented
by its third parry Administrator, Renovate America, subject also to the requirements set forth in
City of Delray Beach Ordinance No. 13-17, as such may be amended from time to time.
Section 5. This Resolution shall take effect immediately upon adoption.
PASSED and ADOPTED this 181h day of July, 2017.
Cary Glickstein, Mayor
Attest:
Katerri Johnson, CMC, City Clerk
(Seal)
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