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RESOLUTION OF THE CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY <br /> DECLARING INTENTION TO FINANCE INSTALLATION OF DISTRIBUTED <br /> GENERATION RENEWABLE ENERGY SOURCES, ENERGY EFFICIENCY, SEISMIC <br /> RETROFITS, ELECTRIC VEHICLE CHARING INFRASTRUCTURE, AND WATER <br /> EFFICIENCY IMPROVEMENTS IN THE CITY OF PLEASANTON <br /> WHEREAS, the California Enterprise Development Authority ("CEDA") is a joint powers <br /> authority authorized and existing pursuant to Joint Powers Act (Government Code Section 6500 <br /> et seq.) and that certain Joint Exercise of Powers Agreement (the "4 r eement") dated as of <br /> June 1, 2006, by and among the cities of Eureka, Lancaster and: ma; and <br /> WHEREAS, CEDA is authorized under the Agreement'= ©,-Chap er 5 of Division 7 of <br /> Title 1 of the Government Code of the State of California and in actio. d ice with Chapter 29 of <br /> Part 3 of Division 7 of the Streets & Highways Code Atthe State of C-a t ornia ("Chapter 29") to <br /> authorize assessments to finance the installation of s ributed genera,ton rene b e energy ' <br /> sources, energy efficiency, seismic retrofits, electric veh"Ce.charging infra ctt and water <br /> efficiencyimprovements that are >, '- ,3: " <br /> p perma�ei� �s;_:ixe•�=� o. real prope� ( Authorized <br /> Improvements"); and <br /> „.„ <br /> WHEREAS, CEDA has obtained:authori ,-fon fro frcaithe City-'o P;_.-:-santon (the "City") to <br /> enter into contractual assessments for =f'nancingc,„,._`_rinstallation o!Authorized <br /> Improvements in the City; and =x_:: <br /> • <br /> WHEREAS, CEDA •-p}_sires to deca;e its14,_pntion-to stablish a Figtree PACE program <br /> ("Figtree PACE") in the Cik': _ -rs-`ant to whit. CEDA, subje, 'o certain conditions set forth <br /> herein, would enter into con rat ua ,_s essme es toNceLthe installation of Authorized <br /> Improvements in the City. IV <br /> NOW, THE . e;E, BE IT ®E-=SOLV D .. THE BOARD OF DIRECTORS OF THE <br /> CALIFORNIA ENTE'._'Rl 'EVELO u!ENT AUTHORITY, AS FOLLOWS: <br /> 44.11on 1. Fin 9 gs.,Th =o'oard of'irectors hereby finds and determines the <br /> follow.., '`xh <br /> •g' <br /> e e itals are true and correct and are incorporated herein by this <br /> `-`re eren <br /> t_>f <br /> (b) Energy .1L7 water conservation efforts, including the promotion of Authorized <br /> Impro .ents to residential, commercial, industrial, or other real property, are <br /> necessary to address the issue of global climate change and the reduction of <br /> greenhouse gas emissions in the City. <br /> (c) The upfront cost of making residential, commercial, industrial, or other real <br /> property more energy and water efficient, along with the fact that most <br /> commercial loans for that purpose are due on the sale of the property, prevents <br /> many property owners from installing Authorized Improvements. <br />ements as set <br /> forth in the Program Report. <br /> SECTION 9. Foreclosure. The City Council hereby acknowledges that the Law <br /> permits foreclosure in the event that there is a default in the payment of assessments due on-a <br /> property. The City Council hereby designates CEDA as its representative to proceed with <br /> collection and foreclosure of the liens on the defaulting properties within the District, including <br /> accelerated foreclosure pursuant to the Program Report. <br />DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: <br />nd collection of special taxes or any required remedial action in the case of <br /> delinquencies in the payment of any special taxes in connection with the District. <br />