17 - Establishing City of Paris Texas PACE - Property Assessed Clean Energy Program

Home Browse Search

WHEREAS, the City Council will designate the City Manager as the initial authorized representative ("Authorized Representative") for the Program; and WHEREAS, the City Manager, in consultation with the City Attorney, may delegate the administration of the Program to a qualified, non-profit organization that can administer the program at no cost to the City; and WHEREAS, Transaction fees paid by the parties obtaining PACE loans and charitable grants are sufficient revenue streams to support the non-profit organization, and will enable the program to be administered without use of City resources, will assure the objectives of impartiality and confidentiality of owner information, and will be convenient and advantageous to City; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF CITY THAT: SECTION 1. Recitals. The findings set out in the preamble to this resolution are hereby in all things approved, and are incorporated into this resolution for all purposes. SECTION 2. Establishment of Program. The City of Paris hereby adopts this Resolution Establishing the City of Paris PACE Program and finds that financing qualified projects through contractual assessments pursuant to the PACE Act is a valid public purpose and is convenient and advantageous to City and its citizens. The program will be called "City of Paris, Texas Property Assessed Clean Energy, Program" and is herein called the "Program." SECTION 3. Contractual Assessments. The City of Paris will, at the property owner's request, impose contractual assessments on the property to repay PACE financing for qualified energy and water conserving projects available to owners of privately owned commercial, industrial, and large multifamily property. SECTION 4. Qualified Projects. The following types of projects are qualified projects for PACE financing that may be subject to such contractual assessments: Projects that (a) involve the installation or modification of a permanent improvement fixed to privately owned commercial, industrial, or agricultural real property or residential real property with five (5) or more dwelling units, and (b) are intended to decrease energy or water consumption or demand, including a product, device, or interacting group of products or devices on the customer's side of the meter that uses energy technology to generate electricity, provide thermal energy, or regulate temperature. An assessment may not be imposed to repay the financing of facilities for undeveloped lots or lots undergoing development at the time of the assessment or the purchase or installation of products or devices not permanently fixed to real property. SECTION 5. Region. The boundaries of the entire geographic area within City's jurisdiction are included in the boundaries of the region where PACE financing and assessments can occur. -2-