HomeMy WebLinkAbout026-2015RESOLUTION NO. 26-2015
CONSENTING TO INCLUSION OF PROPERTIES WITHIN THE TOWN'S
JURISDICTION IN THE CALIFORNIA HOME FINANCE AUTHORITY,
PROGRAM TO FINANCE RENEWABLE ENERGY GENERATION, ENERGY AND
WATER EFFICIENCY IMPROVEMENTS AND ELECTRIC VEHICLE CHARGING
INFRASTRUCTURE AND APPROVING ASSOCIATE MEMBERSHIP IN THE
JOINT EXERCISE OF POWERS AUTHORITY RELATED THERETO
WHEREAS, the California Home Finance Authority ("Authority") is a joint exercise of
powers authority established pursuant to Chapter 5 of Division 7, Title 1 of the
Government. Code of the State of California (Section 6500 and following) (the "Act") and
the Joint Power Agreement entered into on July 1, 1993, as amended from time to time (the
"Authority JPA"); and
WHEREAS, the Authority is in the process of amending the Authority JPA to formally
change its name to the Golden State Finance Authority; and
WHEREAS, the Authority has established a property -assessed clean energy ("PACE")
Program (the "Authority PACE Program") to provide for the financing of renewable
energy generation, energy and water efficiency improvements and electric vehicle charging
infrastructure (the "Improvements") pursuant to Chapter 29 of the Improvement Bond Act
of 1911, being Division 7 of the 'California Streets and Highways Code ("Chapter 29")
within counties and cities throughout the State of California that elect to participate in such
program; and
WHEREAS, Town of Danville (the " Town") 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, the Legislature has authorized cities and counties to assist
property owners in financing the cost of installing Improvements through a voluntary
contractual assessment program; and
WHEREAS, installation of such Improvements by property owners within the
jurisdictional boundaries of the counties and cities that are participating in the Authority
PACE Program would promote the purposes cited above; and
WHEREAS, the Town wishes to provide innovative solutions to its property owners to
achieve energy and water efficiency, and in doing so cooperate with the Authority in order
to efficiently and economically assist property owners within the Town in financing such
Improvements; and
WHEREAS, the Authority has established the Authority PACE Program, which is such a
voluntary contractual assessment program, as permitted by the Act, the Authority JPA,
originally made and entered into July 1, 1993, as amended to date, and the Town, desires to
become an Associate Member of the JPA by execution of the JPA Agreement, a copy of
which is attached as Exhibit "A" hereto, to participate in the programs of the JPA and to
assist property owners within the jurisdiction of the Town in financing the cost of installing
Improvements; and
WHEREAS, the Town will not be responsible for the conduct of any assessment
proceedings; the levy and collection of assessments or any required remedial action in the
case of delinquencies in the payment of any assessments or the issuance, sale or
administration of any bonds issued in connection with the Authority PACE Program; now,
therefore, be it
RESOLVED that:
1. This Town Council finds and declares that properties in the Town's
incorporated area will be benefited by the availability of the Authority PACE Program to
finance the installation of the Improvements.
2. This Town Council consents to inclusion in the Authority PACE Program of
all of the properties in the jurisdictional boundaries of the Town and to the Improvements,
upon the request by and voluntary agreement of owners of such properties, in compliance
with the laws, rules and regulations applicable to such program; and to the assumption of
jurisdiction thereover by the Authority for the purposes thereof.
3. The consent of this Town Council constitutes assent to the assumption of
jurisdiction by Authority for all purposes of the Authority PACE Program and authorizes
Authority, upon satisfaction of the conditions imposed in this resolution, to take each and
every step required for or suitable for financing the Improvements, including the levying,
collecting and enforcement of the contractual assessments to finance the Improvements and
the issuance and enforcement of bonds to represent such contractual assessments.
4. This Town Council hereby approves joining the JPA as an Associate Member
and authorizes the execution by appropriate Town officials of any necessary documents to
effectuate such membership.
5. Town staff is authorized and directed to coordinate with Authority staff to
facilitate operation of the Authority PACE Program within the Town, and report back
periodically to this Town Council on the success of such program.
PAGE 2 OF RESOLUTION NO. 26-2015
6. This Resolution shall take effect immediately upon its adoption. The City
Clerk is directed to send a certified copy of this Resolution to the Secretary of the
Authority.
APPROVED. by the Danville Town Council at a regular meeting on March 17, 2015 by the
following vote:
AYES: Doyle, Stepper, Arnerich, Morgan, Storer
NOES:
ABSTAINED:
ABSENT:
y.1
3�t�L
MAYOR
APPROVED AS TO FORM: ATTEST:
CITY ATTORNEY CITY CLERK
PAGE 3 OF RESOLUTION NO. 26-2015