12 - Laserfiche WebLink

RESOLUTION OF THE CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY DECLARING INTENTION TO FINANCE INSTALLATION OF DISTRIBUTED GENERATION RENEWABLE ENERGY SOURCES, ENERGY EFFICIENCY, SEISMIC RETROFITS, ELECTRIC VEHICLE CHARING INFRASTRUCTURE, AND WATER EFFICIENCY IMPROVEMENTS IN THE CITY OF PLEASANTON WHEREAS, the California Enterprise Development Authority ("CEDA") is a joint powers authority authorized and existing pursuant to Joint Powers Act (Government Code Section 6500 et seq.) and that certain Joint Exercise of Powers Agreement (the "Nrement") dated as of June 1, 2006, by and among the cities of Eureka, Lancaster and Selma; and WHEREAS, CEDA is authorized under the Agreemen a d Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California and in accordantVwith Chapter 29 of Part 3 of Division 7 of the Streets & Highways Code o..(the State OWdriromia ("Chapter 29") to authorize assessments to finance the installation ofclistributed gen rotation renewable energy sources, energy efficiency, seismic retrofits, electric valid! charging infrastructure, nd water efficiency improvements that are permarntty:,, fixe :to real pr y "Authorized Improvements"); and WHEREAS, CEDA has obtained authoczzation from::the Cit of':l Ie anton (the "City")to enter into contractual assessments for:the,financlno-;of th from 'of Authorized Improvements in the City; and :`' "":: „ WHEREAS, CEDA desires to dectO ittatentio`"=to establish a Figtree PACE program ("Figtree PACE") in the Cit z, -ursuant to IA , CEDA, subject8to certain conditions set forth herein, would enter into contractua :assessments tofnance t e installation of Authorized Improvements in the City. ' ;; .`,:. ___ NOW, THERE ORE, BE IT 7.ESOL ED�:Y THE BOARD OF DIRECTORS OF THE CALIFORNIA ENTERPRISE;.DEVELO', ENT AUTHORITY, AS FOLLOWS: A& See°tion 1. Findings.' �TFie:Board of Directors hereby finds and determines the followin, :+..�W ;.. _._:. (a3);._ty ,e;ab _ ove 'recitals are true and correct and are incorporated herein by this -; '- ;2--,reference. (b) Energy and water conservation efforts, including the promotion of Authorized Improvements to residential, commercial, industrial, or other real property, are nece to address the issue of global climate change and the reduction of greenhouse gas emissions in the City. (c) The upfront cost of making residential, commercial, industrial, or other real property more energy and water efficient, along with the fact that most commercial loans for that purpose are due on the sale of the property, prevents many property owners from installing Authorized Improvements.