10 - Property Assessed Clean Energy Program

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Item No. 10 Memorandum TO: Mayor, Mayor Pro -Tem & City Council Grayson Path, City Manager FROM: Stephanie H. Harris, City Attorney SUBJECT: APPROVAL OF PROFESSIONAL SERVICES AGREEMENT WITH THE TEXAS PACE AUTHORITY TO ADMINISTER THE CITY'S PROPERTY ASSESSED CLEAN ENERGY (PACE) PROGRAM DATE: August 23, 2021 BACKGROUND: Over the last three meetings, Council has established a Property Assessed Clean Energy (PACE) program which is available to any qualifying developer within the city limits. Administering that program can be burdensome to local governments; consequently organizations such as the Texas PACE Authority offer their services, at no cost to the local government, to administer such programs. The Texas PACE Authority is a non-profit agency that offers such services to local governments. STATUS OF ISSUE: Administration desires to enter into the accompanying professional services agreement with the Texas PACE Authority. The Texas PACE Authority has been very helpful in assisting me with setting up the program to this point. Again, these services will be funded by fees charged to applicants for the program and are at no cost to the city. RECOMMENDATION: Approve the Professional Services Agreement between the City of Paris, Texas and the Texas Property Assessed Clean Energy Authority and authorize the City Manager to execute same.