HomeMy WebLinkAboutCC RES 17-26RESOLUTION NO. 17-26
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN
CONSENTING TO INCLUSION OF PROPERTIES WITHIN THE CITY'S
JURISDICTION IN THE GOLDEN STATE FINANCE AUTHORITY PACE
PROGRAM TO FINANCE RENEWABLE ENERGY GENERATION, ENERGY
AND WATER EFFICIENCY IMPROVEMENTS, ELECTRIC VEHICLE
CHARGING INFRASTRUCTURE, AND OTHER AUTHORIZED
IMPROVEMENTS
WHEREAS, the Golden State 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 has amended the Authority JPA to formally change its name
from California Home Finance Authority to Golden State Finance Authority; and
WHEREAS, 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, electric vehicle charging infrastructure,
and such other improvements as may be authorized by law from time to time (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, the City of Tustin (the "City") 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 City wishes to provide innovative solutions to its property owners to
achieve energy and water efficiency, and in doing so cooperate with Authority in order to
efficiently and economically assist property owners within the territory of the City in financing
such Improvements; and
WHEREAS, Authority has established the Authority PACE Program, which is such a
voluntary contractual assessment program, as permitted by the Act and the Authority JPA
originally made and entered into July 1, 1993, as amended to date; the City is an Associate
Member of the JPA and desires to participate in the Authority PACE Program and to assist
property owners within the territory of the City in financing the cost of installing Improvements;
and
Resolution 17-26
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WHEREAS, the City 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 City Council finds and declares that properties in the City's territory will be benefited by
the availability of the Authority PACE Program to finance the installation of the Improvements.
2. This City Council consents to inclusion in the Authority PACE Program of all of the properties
in the territory within the City 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 there over by Authority for the
purposes thereof.
3. The consent of this City 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; provided, however, that the City shall assist in the
levying, collecting and enforcement of the contractual assessments and the issuance and
enforcement of bonds to finance the Improvements.
4. City staff is authorized and directed to coordinate with Authority staff to facilitate operation of
the Authority PACE Program within the City, and report back periodically to this City Council on
the success of such program.
5. This Resolution shall take effect immediately upon its adoption. The Clerk is directed to send
a certified copy of this resolution to the Secretary of the Authority.
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Tustin held on the 6'h day of June 2017.
ATTEST:
r 2
ERICA N. RABE,
City Clerk
- q&�O�
DR. A LAN BERNSTEIN,
Mayor
Resolution 17-26
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
I, Erica N. Rabe, City Clerk and ex -officio Clerk of the City Council of the City of Tustin,
California, do hereby certify that the whole number of the members of the City Council is five;
that the above and foregoing Resolution No. 17-26 was duly and regularly passed and adopted
at a regular meeting of the City Council held on the 6th day of June, 2017 by the following vote:
COUNCILMEMBER AYES: Bernstein, Murray, Gomez, Clark (4-)
COUNCILMEMBER NOES: (0
COUNCILMEMBER ABSTAINED: (0 )
COUNCILMEMBER ABSENT: Pinkett ( 1 )
&7
ERICA N. RABE,
City Clerk
Resolution 17-26
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