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2022-055
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Last modified
5/22/2023 2:10:23 PM
Creation date
10/4/2022 12:34:45 PM
Metadata
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Template:
Resolutions
Resolution Number
2022-055
Approved Date
09/13/2022
Agenda Item Number
13.A.
Resolution Type
Permitting the Commercial Property Assessed Clean Energy
("C-PACE") Program
Entity Name
C-Pace Program
Subject
Permitting the Commercial Property Assessed Clean Energy Program for
Certus at Vero Beach 5380 US Highway 1; 32391400005000000005.0
Approving Agreement with the Florida Green Finance Authority
And Providing for Scrivener's Error, Conflicts, Severability & Effective Date
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A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />RESOLUTION 2022- 055 <br />A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, (THE "COUNTY") <br />PERMITTING THE COMMERCIAL PROPERTY ASSESSED CLEAN <br />ENERGY ("C -PACE") PROGRAM WITHIN THE COUNTY FOR SPECIFIC <br />PROPERTY REFERENCED BY 5380 US HIGHWAY 1, CERTUS AT VERO <br />BEACH; APPROVING AN AGREEMENT WITH THE FLORIDA GREEN FINANCE <br />AUTHORITY; AUTHORIZING THE CHAIR TO EXECUTE SAID <br />AGREEMENT; AND PROVIDING FOR, SCRIVENER'S ERRORS, <br />CONFLICTS, SEVERABILITY, AND AN EFFECTIVE DATE. <br />WHEREAS, Section 163.08, Florida Statutes (the "Supplemental Act"), <br />authorizes counties, municipalities and certain separate local government entities <br />to establish and administer financing programs (sometimes referred to as "PACE" <br />or "PACE financing") pursuant to which owners of real property may obtain funding <br />for energy conservation and efficiency, renewable energy and wind resistance <br />improvements (as referred to therein, the "Qualifying Improvements"), and repay <br />such funding through voluntary special assessments, sometimes referred to as <br />non -ad valorem assessments ("Special Assessments"), levied upon the improved <br />property pursuant to financing agreements between the property owner thereof <br />and a local government (the "Financing Agreements"); and <br />WHEREAS, the Florida Green Finance Authority (the "Authority"), a legal <br />entity and unit of local government within the State of Florida, which was <br />established by a separate interlocal agreement for the express purpose of <br />providing a scalable platform to facilitate the financing of Qualifying Improvements <br />throughout Florida; and <br />WHEREAS, pursuant to the Supplemental Act or as otherwise provided by <br />law, local governments may enter into agreements with other local governments <br />for the purpose of providing and financing Qualifying Improvements; and <br />WHEREAS, the County has expressed its desire to authorize C -PACE <br />financing to the commercial properties located at 5380 US Highway 1, Vero Beach, <br />FL 32967; Parcel Number 32391400005000000005.0; and <br />
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