Title:
Title
Inclusion of Properties within the City of Sacramento's Jurisdiction in the California Enterprise Development and Authority Property Assessed Clean Energy Program (Figtree)
End
FileID
File ID: 2019-00031
Location
Location: Citywide
Recommendation:
Recommendation
Adopt a Resolution: 1) approving the City of Sacramento as an Associate Member in the California Enterprise Development and Authority joint powers authority (CEDA); 2) authorizing the City to join CEDA's Figtree Property Assessed Clean Energy (PACE) Program; 3) authorizing CEDA to accept applications from property owners, conduct contractual assessment proceedings, and levy contractual assessments on properties within the City's jurisdiction for the voluntary Figtree PACE Program; and 4) authorizing related actions.
Contact: Jenna Hahn, Sustainability Analyst (916) 808-5016; Jennifer Venema, Sustainability Manager, (916) 808-1859, Department of Public Works
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Resolution
3-Exhibit A - Associate Membership Agreement
4-Exhibit B - Resolution of Intention to be adopted by CEDA
5-Exhibit C - Indemnification Agreement
6-Exhibit D - Original Joint Powers Agreement
7-Exhibit E - Member List of CEDA
Description/Analysis
Issue Detail: The proposed actions would authorize a new Property Assessed Clean Energy (PACE) program, Figtree PACE, to finance improvements on existing properties in Sacramento. PACE programs offer an alternative means to finance energy, water, and seismic improvements that are permanently affixed to existing properties. Eligible improvements may vary by PACE program, but generally include improvements for energy and water efficiency, distributed generation renewable energy facilities such as solar photovoltaics, and vehicle charging. These improvements contribute to achieving the City's climate and energy reduction targets. Property owners participate by entering into a voluntary contract which allows for ...
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