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HomeMy WebLinkAboutLegislationCity of Miami Legislation Resolution City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 15-01636 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 PROPERTIES WITHIN THE CITY OF MIAMI. WHEREAS, the City of Miami ('City") continues to recognize 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, in 2010, the Florida Legislature adopted House Bill 7179, codified as Section 163.08, Florida Statutes, 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, Resolution No. 12-0167, limited eligibility for financing of qualifying improvements to nonresidential properties; and WHEREAS, pursuant to Resolution No. 14-0239, adopted June 26, 2014, the City expanded eligibility for financing of qualifying improvements, through a pilot program, to single family and duplex residential properties in Commission Districts 2 and 4; and WHEREAS, pursuant to Resolution No. 15-0542, adopted December 10, 2015, the City expanded eligibility for financing of qualifying improvements to properties located in historic districts; and WHEREAS, the C.ity's Sea Level Rise Committee has declared its support for expanding eligibility for financing of qualifying improvements to commercial and residential properties located throughout the City; and WHEREAS, the City Commission desires to expand eligibility for financing of qualifying improvements to commercial and residential properties located throughout the City; and WHEREAS, in lieu of a sunset provision at this time, the City Commission would like a report on the efficacy of the program in one (1) year; and City of Miami Page 1 of 2 Fite Id: 15-01636 (Version: 1) Printed On: 12/21/2015 Elie Number; 15-01636 WHEREAS, the City Commission finds that expanding eligibility for financing of qualifying improvements to commercial and residential properties located throughout the City 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 if fully set forth in this Resolution. Section 2. The Green Corridor PACE District is amended to expand eligibility for financing of qualifying improvements to commercial and residential properties located throughout the City. Section 3. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.{1} ROVED AS TO FORM AND CORRECTNESS: TORIA 11CNDEZ CITY ATTORNEY X Footnotes: {1} If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) 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: 15-01636 (Version: 1) Printed Orr.:12/21/2015