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California Municipal Finance Authority (CMFA) Open PACE CMFA Open PACE is an umbrella for Energy Efficient Equity, BlueFlame PACE Services, OnPACE Energy Solutions, Petros PACE Administrator, Twain Community Partners II, and Structured Finance Associates. It launched in 2015 and operates under AB 811. It is sponsored by the California Municipal Finance Authority (CMFA). It vets and prequalifies PACE financing providers for residential and commercial property owners. Any additional PACE program administrators that are qualified under Open PACE after the adoption of the CMFA Open PACE resolution by the City will be automatically authorized to operate within Pleasanton. Several East Bay cities including Fremont, Berkeley, San Ramon, and Walnut Creek have joined CMFA Open PACE. To participate, Council will need to adopt a resolution to join the JPA and to authorize CMFA to administer PACE within Pleasanton. CMFA membership is limited in scope to the CMFA Open PACE program only. CMFA Open Pace member highlights include: • Energy Efficient Equity (E3): Joined CMFA Open PACE in 2015 and serves residential property owners. E3 offers the full spectrum of energy efficiency, renewable energy, and water conservation upgrades. • BlueFlame PACE Services: Offers a commercial PACE program. • OnPACE Energy Solutions: Offers a commercial PACE program. ' • Petros PACE Administrator: Offers a commercial PACE program. • Twain Community Partners II: Offers a commercial PACE program. • Structured Finance Associates: Founded in 2010 to provide financing solutions to commercial property owners. It joined CMFA Open PACE in 2015. Ygrene PACE Program The Ygrene PACE Program serves residential and commercial projects. In California, over 246 cities and counties have adopted the program since its launch in 2013, including Danville, Lafayette, San Ramon, Fremont, Hayward, and Oakland. Two Council resolutions are required to allow Ygrene PACE to operate in Pleasanton. The first resolution would consent to the inclusion of properties within the City's incorporated area in Golden State Finance Authority (GSFA) Community Facilities District (CFD) as authorized under SB 555. The second resolution would make all properties in Pleasanton eligible to participate in GSFA's contractual assessment program for PACE authorized under AB 811, which is similar to the other PACE programs being presented for Council consideration. As with the other programs, Council approval of the Ygrene program is limited to making the PACE financing option available to individual Pleasanton property owners who voluntarily decide to use it. Figtree PACE Program The Figtree PACE program focuses on commercial, industrial, and multifamily properties but has recently launched a single-family residential service. Since its launch in 2011, multiple cities and counties in California have adopted the program, including Dublin, Hayward, Oakland, Union City, Fremont, and Walnut Creek. Associate membership in the California Enterprise Development Authority (CEDA) is required to join Figtree PACE. Pleasanton is currently not a member of CEDA. Council will need to Page6of7