|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - June 20, 2017|
Agenda Item #54
Property Assessed Clean Energy (PACE) Program for Manatee County
Contact and/or Presenter Information
Jan Brewer, Director, Financial Management, x 3726
Motion for staff to bring back implementing documents to allow the Property Assessed Clean Energy (PACE) Program to operate in the unincorporated areas of Manatee County. Procurement methodology and minimum standards established by Hillsborough County will be used and Manatee County will facilitate “piggyback” procurement.
Florida Statute 168.03(2)(a)
Property Assessed Clean Energy (PACE) provides financing for property owners to make qualifying improvements to their businesses or homes. Improvements may be made in the form of energy efficiency, renewable energy, and/or wind resistance.
Property owners voluntarily opt into a non-ad valorem assessment program to finance these improvements. Repayments of these improvements are paid annually through the property tax bill. The value of the improvement and the obligation to repay the annual assessment lies within the property so if the property changes ownership the obligation stays with the property.
Florida Statute 163.08 authorizes local governments to create PACE Programs and provides the overall framework within which to administer the program. Under this statute, the county may (1) establish a self-funded and/or self-administered PACE Program or (2) enter into an agreement with one or more local governments for the purpose of providing and financing qualifying improvements. In addition, the County may elect to use a third-party PACE Program provider for the administration of the program. Third party providers provide multiple services such as determination of loan eligibility, loan application processing, underwriting, and contractor selection.
Based upon review by our Financial Advisers, Public Resources Advisory Group (PRAG), it is recommended that Manatee County follow the second option of entering into an agreement with one or more local governments for the purpose of providing and financing qualifying improvements. It is recommended to enter into an agreement with existing PACE providers within the State and access a third-party provider to administer the program. After further review, PRAG has recommended we use Hillsborough County’s existing procurement method established for PACE within their community.
Hillsborough County issued an Invitation for Bid (IFB) and established minimum criteria which must be met in order for a PACE program to operate within their county. Program requirements which were used but were not limited to:
By selecting this model, Manatee would quickly be able to allow PACE providers to begin working within our County. The model by Hillsborough County would provide for existing selected providers to work in Manatee County. Current providers are
Hillsborough County procurement method does not prevent future PACE providers from applying to work within Manatee County. Instead, it establishes the minimum criteria that must be met before the Board will enter into an agreement for bringing a new PACE program within our County.
By electing to use the Hillsborough model, the next steps would involve three items. First, a Resolution will be drafted to be brought back before the Board which enables PACE to be enacted within unincorporated Manatee County. Second, staff would need to begin working with the existing providers selected by Hillsborough County to establish agreements. Last, a process for evaluation of criteria for any future PACE providers wishing to work within unincorporated Manatee County.
Staff will begin to create the enacting Resolution, Agreements, and future selection procedure, which will be brought back before the Board for approval.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs