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Phase 1— Establishing the framework for a local PACE Program <br />Phase 1 includes four primary statutory requirements for a local county or municipality to <br />establish the framework for a PACE program within its jurisdiction. The Texas statute code <br />requires a report to be published for the public and posted on the municipality's website. This <br />report outlines the primary facets of the local program, application process, financing guidelines, <br />and other big -picture and administrative items pertinent to running a PACE program. Next, the <br />statute requires two resolutions to be adopted by the local county or municipality, including a <br />resolution of intent to create a PACE program, and a resolution to establish the PACE program. <br />After the resolution of intent is adopted, the statute requires the governmental body to hold a <br />public hearing on the proposed program and report. After the public hearing, the governmental <br />body passes the second resolution, the resolution to establish the PACE Program. <br />1. Public PACE Report (Required by Section 399.009) <br />— Report by local government describing the PACE program once structure has <br />been decided. This report must be made available for public inspection on the <br />local government's website and at the office of designated official. <br />2. Resolution of Intent to Create PACE Program (Required by Section 399.008(a) (1)) <br />— Include finding that projects will serve a valid purpose, local government intends <br />to make contractual assessments to repay financings, description of project and <br />map boundaries, reference to the Public PACE Report, statement of the time and <br />place for a public hearing. <br />3. Public Hearing (Required by Section 399.008(a)(2)) <br />— Public may comment on proposed program and report. <br />4. Resolution to Establish Program (Required by Section 399.008(a)(3)) <br />— This resolution should include each item in the Public PACE Report <br />required by statute, or it may incorporate the Report by reference; this <br />resolution should also include a description of each aspect of the program <br />that may be amended only after another public hearing is held. <br />STATUS OF ISSUE: At the last City Council meeting, Council accepted a revised PACE program <br />report and approved a resolution of intent to adopt a program expanded beyond the initial Paris <br />Lakes pilot program adopted in March, 2021. The final step is conducting a public hearing on the <br />expanded program and adopting a resolution to establish said program. Once Council has passed <br />the resolution, the program will move forward administratively. <br />RECOMMENDATION: Conduct public hearing and pass and adopt the resolution establishing <br />an expanded PACE Program for the City of Paris, Texas. <br />