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R24-276 RESOLUTION NO. R24-276 2 3 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON 4 BEACH, FLORIDA, APPROVING THE FLORIDA GREEN FINANCE 5 AUTHORITY ACKNOWLEDGEMENT AND AGREEMENT FORM TO 6 CONFIRM RECEIPT OF THE PROPERTY ASSESSED CLEAN ENERGY 7 PROGRAM NOTICE OF COMPLIANCE AND ADDENDUM TO THE 8 SECOND AMENDED AND RESTATED INTERLOCAL AGREEMENT; AND 9 FOR ALL OTHER PURPOSES. 10 11 WHEREAS, the City of Boynton Beach and the Florida Green Finance Authority 12 ("Authority") entered into an Interlocal Agreement dated October 17, 2016, approved by 13 Resolution No. R16-132 allowed the Authority to operate the Property Assessed Clean Energy 14 ("PACE") Program within the City. The program also operates under Ordinance No. 16-017, which 15 creates minimum standards for establishing PACE programs within the City; and 16 WHEREAS, on September 19, 2024, the City of Boynton Beach was notified by the 17 Authority of legislative changes to the PACE Act under Senate Bill 770, codified in Chapter 2024- 18 273, effective July 1, 2024. Since the Agreement was entered into before July 1, 2024, the 19 Agreement shall continue without additional action; however, the Authority is required to provide 20 a Notice of Compliance and Addendum to the Second Amended and Restated Interlocal 21 Agreement forming the Florida Green Finance Authority on July 1, 2024. To continue operating 22 the PACE Program within the City, the Authority requires that the City sign and execute the 23 Acknowledgement and Agreement form; and 24 WHEREAS, signing the document will confirm that the City agrees that the Florida Green 25 Finance Authority complies with the agreement provisions and the requirements of Senate Bill 26 770, allowing the PACE Program to continue operations within the City pursuant to sections 27 163.08 and 163.081-07, Florida Statutes, without any further action. PACE provides financing 28 opportunities for homeowners to implement energy-efficient and hurricane-resistant home 29 improvements to improve safety, value, and energy efficiency with flexible payment options. This 30 program is essential to helping build the community's sustainability and resilience to extreme 31 weather events; and 32 WHEREAS, the City Commission, upon the recommendation of staff, has deemed it in the 33 best interests of the city's citizens and residents to approve the Florida Green Finance Authority 34 Acknowledgement and Agreement form to confirm receipt of the Property Assessed Clean Energy 35 Program Notice of Compliance and Addendum to the Second Amended and Restated Interlocal 36 Agreement. 37 38 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOYNTON 39 BEACH, FLORIDA, THAT: 40 SECTION 1. The foregoing "Whereas" clauses are hereby ratified and confirmed as 41 being true and correct and are hereby made a specific part of this Resolution upon adoption. 42 SECTION 2. The City Commission of the City of Boynton Beach, Florida, does hereby 43 approve the Florida Green Finance Authority Acknowledgement and Agreement to confirm 44 receipt of the Property Assessed Clean Energy Program Notice of Compliance and Addendum to 45 the Second Amended and Restated Interlocal Agreement in form and substance similar to that 46 attached as "Exhibit A." 47 SECTION 3. The City Commission of the City of Boynton Beach, Florida, hereby 48 authorizes the Mayor to execute the Acknowledgement and Agreement. The Mayor is further 49 authorized to execute any ancillary documents necessary to accomplish this Resolution's purpose. 50 SECTION 4. The City Clerk shall retain the fully executed Acknowledgement and 51 Agreement as a public record of the City. A copy of the fully executed Acknowledgement and 52 Agreement shall be provided to Alannah Irwin to forward to the Authority. 53 SECTION 5. This Resolution shall take effect in accordance with law. 54 55 56 57 [signatures on the following page] 58 59 PASSED AND ADOPTED this /9 day of 1U(JY'ember 2024. 60 CITY OF BOYNTON BEACH, FLORIDA 61 YES NO 62 Mayor-Ty Penserga �/ 63 64 Vice Mayor-Aimee Kelley 65 66 Commissioner-Angela Cruz 67 68 Commissioner-Woodrow L. Hay 69 t/ 70 Commissioner-Thomas Turkin 71 cc 72 VOTE 73 A T: 74 .--- 75 75 f 06 _`/ ''1 P" i r 10 76 Mayle- i- Jesus, MP A, MC T '- -- 77 City Cl- Mayb 79 � --00TONB`y% QORATf• .Fy �� APPROVED AS TO FORM: 880 (Corporate Seal) S�O:c�°� ': 'y'i • (!a .) ! ��l2te 83 ' .� 1 Shawna G. Lamb k84 1'". •....... FLO9" City Attorney FLORIDA OA GREEN Finance Authority Acknowledgement and Agreement Dear Florida Green Finance Authority, This Acknowledgement and Agreement is to confirm that the City of Boynton Beach is in receipt of your correspondence dated September 19, 2024 regarding Senate Bill 770, codified at Chapter 2024-273, Laws of Florida, and effective July 1, 2024. We hereby confirm our agreement that the Florida Green Finance Authority is in compliance with what the agreement provides and the requirements of Senate Bill 770 and can continue to operate its PACE program within the City pursuant to Sections 163.08 and 163.081-087, Florida Statutes (Florida's amended PACE Act) without any further action. Signature: 7---- Date: $7702H- Title: 3.�,a,,sv ,- TON B 1\1 i��,��()RAT.*** "%Y 1, e 0'c> •'y Iii 11--: �� P-(0 i F 1 L��R