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HomeMy WebLinkAboutReso 151-17 Authorizing Approval of Property Assessed Clean Energy Programs RESOLUTION NO. 151 — 17 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN AUTHORIZING APPROVAL OF PROPERTY ASSESSED CLEAN ENERGY PROGRAMS WHEREAS, City of Dublin (City) is committed to development of renewable energy generation and energy and water efficiency improvements, reduction of greenhouse gases, and protection of the environment; and WHEREAS, in Chapter 29 of the Improvement Bond Act of 1911, being Division 7 of the California Streets and Highways Code (Chapter 29) the Legislature has authorized cities and counties to assist property owners in financing the cost of installing energy and water efficiency improvements (Improvements) through a voluntary contractual assessment program; and WHEREAS, property assessed clean energy (PACE) programs offer an innovative mechanism for financing voluntary energy efficiency, renewable energy improvements and seismic upgrades on residential and commercial properties; and WHEREAS, the City wishes to provide innovative solutions to its property owners to achieve energy and water efficiency and independence; and WHEREAS, City Council has to date consented to the inclusion of properties within the City of Dublin in five PACE Programs offered to commercial and residential property owners; and WHEREAS, creating a competitive PACE marketplace provides a variety of options for home and business owners to finance improvement projects based on finance terms, conditions of approval, and eligible measures offered by the different programs; and WHEREAS, it is the intent of the City to streamline the process of PACE Program approvals. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Dublin does hereby: 1) Authorize the City Manager to accept and allow new PACE Programs in the City of Dublin and execute any agreements related thereto; and 2) Make these authorizations effective as of the date of this Resolution until rescinded by the City Council. PASSED, APPROVED AND ADOPTED this 5th day of December, 2017, by the following vote: AYES: Councilmembers Biddle, Goel, Gupta, Hernandez and Mayor Haubert NOES: ABSENT: ABSTAIN: Reso No. 151-17, Adopted 12/5/2017, Item No. 4.3 Page 1 of 2 copyl Mayor ATTEST: a/i/ez, City Clerk Reso No. 151-17, Adopted 12/5/2017, Item No. 4.3 Page 2 of 2