REPORT TO THE CITY COUNCIL
February 8, 2018
FROM: JENNIFER CLARK, Director
Development and Resource Management
THROUGH: KELLI FURTADO, Assistant Director
Development and Resource Management
BY: JOSE R GONZALEZ, Division Manager
Sustainability Division
SUBJECT
Title
Actions pertaining to the California Statewide Communities Development Authority Open Property Assessed Clean Energy Program Resolution:
1. RESOLUTION -Authorizing California Statewide Communities Development Authority to accept applications from property owners, conduct contractual assessment proceedings and levy contractual assessments within the City of Fresno and authorizing related actions, and
2. Authorizing the City Manager, or designee, to execute documents on behalf of the City of Fresno
Body
RECOMMENDATIONS
Staff recommends the Council approve the California Statewide Communities Development Authority (CSCDA) Open Property Assessed Clean Energy (PACE) Program Resolution and authorize the City Manager, or designee, to execute documents on behalf of the City of Fresno (City).
EXECUTIVE SUMMARY
The Development and Resource Management (DARM) Department's Sustainability Division staff recommends that participation in the CSCDA Open PACE Program is a means of offering property owners the opportunity to make energy and water efficiency retrofits to their property and create new local jobs. Property owners that participate in the Open PACE Program will repay the financed amount needed for energy and water efficiency upgrades as a charge on their property tax bill over a period of years. The Open PACE Program utilizes third-party administrators pre-qualified and vetted by the CSCDA which minimizes the administrative burden for the City and offers additional consumer choice and competition for the residents and businesses within Fresno.
The proposed Resolution authorizes the CSCDA to accept applications from owners of property within Fresno for municipal financing of ...
Click here for full text