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HomeMy WebLinkAboutLegislation (Version 1) 06.12.14City of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 14-00299 Final Action Date: A RESOLUTION OF THE MIAMI CITY COMMISSION AMENDING THE GREEN CORRIDOR PACE DISTRICT TO EXPAND ELIGIBILITY FOR FINANCING OF QUALIFYING IMPROVEMENTS TO SINGLE FAMILY AND DUPLEX RESIDENTIAL PROPERTIES. WHEREAS, the City of Miami ("City") recognizes the importance of encouraging the expansion of renewable energy sources in order to diversify the State of Florida's energy supplies, to reduce the dependence on foreign oil, and to mitigate the effects of climate change; and WHEREAS, the Florida Legislature passed House Bill 7179 in 2010, which created Florida's Property Assessment Clean Energy ("PACE") Program; and WHEREAS, the City would like to encourage the increased use of renewable energy sources by its residents, but recognizes the most significant impediment to the purchase of products producing energy from renewable sources is the expense of said purchase; and WHEREAS, pursuant to Resolution No. 12-0167, adopted April 12, 2012, the City entered into an Interlocal Agreement with the Town of Cutler Bay, Village of Palmetto Bay, Village of Pinecrest, City of South Miami, and Village of Miami Shores ("Agreement") establishing the Green Corridor PACE District; and WHEREAS, the purpose of the Agreement is to provide financing for participating properties for qualifying improvements as provided in Section 163.08, Florida Statutes; and WHEREAS, said Resolution No. 12-0167, limited eligibility for financing of qualifying improvements to nonresidential properties; and WHEREAS, the City Commission desires to expand eligibility for financing of qualifying improvements to single family and duplex residential properties; and WHEREAS, the City Commission finds that this Resolution is in the best interest and welfare of the residents of the City; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF MIAMI: Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by reference and incorporated as fully set forth in this Resolution. Section 2. The Green Corridor PACE District is amended to expand eligibility for financing of qualifying improvements to single family and duplex residential properties. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{1} City of Miami Page 1 of 2 File Id: 14-00299 (version: 1) Printed On: 4/15/2014 File Number: 14-00299 APPROVED AS TO FORM AND CORRECTNESS: VICTORIA MEENDEZ CITY ATTORNEY Footnotes: {1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission. City of Miami Page 2 of 2 File Id: 14-00299 (Version: 1) Printed On: 4/15/2014