REPORT TO THE CITY COUNCIL
December 3, 2015
FROM: JENNIFER CLARK, Director
Development and Resource Management
THROUGH: DANIEL ZACK, Assistant Director
Development and Resource Management
BY: JOSE R GONZALEZ, Energy Program Administrator
Sustainable Fresno Division, Development and Resource Management
SUBJECT
Title
***RESOLUTION - Consenting to the inclusion of properties within the City of Fresno (the "City") In the California Municipal Finance Authority ("CMFA") Property Assessed Clean Energy ("PACE") Program: (CMFA PACE Program); authorizing the CMFA to accept applications from property owners, conduct contractual assessment proceedings and levy contractual assessments within the City of Fresno; and authorizing related actions
Body
RECOMMENDATION
It is recommended that the City Council adopt a resolution related to the City's participation in the California Municipal Finance Authority ("CMFA") Property Assessed Clean Energy ("PACE") Program:
1) Authorizing the CMFA to accept applications from property owners, conduct contractual assessment proceedings and levy contractual assessments within the City and authorizing related actions; and
2) Authorizing the Mayor or City Manager, or designee thereof, to execute all documents and take any actions necessary and appropriate to carry out the intent of this resolution.
EXECUTIVE SUMMARY
Staff has determined that participation in this program is a cost effective means of offering property owners the opportunity to make energy and water efficiency retrofits to their property and create new local jobs. Property owners will repay the financing as a charge on their property tax bill over a period of years.
The proposed Resolution authorizes the CMFA to accept applications from owners of property within the City for municipal financing of authorized improvements through the CMFA Program. It also authorizes the CMFA to conduct assessment proceedings and levy asses...
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