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RESOLUTION DIRECTING THE MAYOR OR MAYOR�S DESIGNEE TO MONITOR AND TRACK THE SUCCESSES AND FAILURES OF PROPERTY ASSESSMENT CLEAN ENERGY (PACE) PROGRAMS IN FLORIDA

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WHEREAS, the citizens of Miami-Dade County may wish to improve energy efficiency, install energy improvements or retrofits, and improve water conservation for commercial and residential properties; and
WHEREAS, a Property Assessment Clean Energy (PACE) financing program is a financing structure by which commercial or residential property owners may voluntarily opt into a special assessment district to receive a loan to finance energy improvements and retrofits, where those loans are repaid through an annual assessment on the property owner�s property tax bill; and
WHEREAS, on April 30, 2010, the Florida Legislature created Florida Statute 163.08 which (1) authorizes local governments, such as Miami-Dade County, to levy non-ad valorem assessments to fund qualifying energy conservation and efficiency, renewable energy and wind resistance improvements to real property; (2) authorizes property owners to apply for funding and voluntarily enter into financing agreements with local governments to finance a qualifying improvement; and (3) authorizes local governments to collect moneys, with specific collection requirements, for such purposes through non-ad valorem assessments; and
WHEREAS, a Miami-Dade County Property Assessment Clean Energy (PACE) program in could accelerate and add to Miami-Dade County�s ongoing efforts to implement energy conservation initiatives and provide a boost to the local construction industry and the growth of �green� jobs; and
WHEREAS, in 2012, the Board of County Commissioners passed Resolution No. R-932-12 which directed the Mayor to prepare a report that included recommendations related to the implementation of a Property Assessment Clean Energy (PACE) program; and
WHEREAS, the Mayor issued that report on November 13, 2013 and it is attached to this Resolution and incorporated herein; and
WHEREAS, the Mayor�s November 13, 2013 report recommends that the County monitor and track the successes and failures of newly implemented Property Assessment Clean Energy (PACE) programs in Florida;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF MIAMI-DADE COUNTY, FLORIDA, that the Mayor or designee is hereby directed to monitor and track the successes and failures of newly implemented Property Assessment Clean Energy (PACE) programs in Florida and submit a report to this Board within 6 months of the effective date of this Resolution.