Agenda

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Consent-General Government # 10.

Board of Supervisors

County Administrator

Meeting Date:	05/07/2013
Brief Title: Commercial PACE
From:	Dirk Brazil, Assistant County Administrator
Staff Contact:	Cindy Tuttle, Manager, Natural Resources, County Administrator's Office, x8061

Subject

Adopt an ordinance levying a special tax solely within and relating to the County of Yolo Community Facilities District No. 2013-1 (Clean Energy). (No general fund impact) (Brazil/Tuttle)

Recommended Action

Adopt a proposed ordinace (Ordinance 1) levying a special tax solely within and relating to the County of Yolo Community Facilities District No. 2013-1 (Clean Energy).

Strategic Plan Goal(s)

Advance innovation
Champion job creation and economic opportunities
Collaborate to maximize success
Protect open space and the environment

Reason for Recommended Action/Background

On April 23, 2013, the Board of Supervisors unanimously approved the introduction of the draft ordinance by title only and waived the first reading of the proposed ordinance Levying Special Tax Solely Within and Relating to the County of Yolo Community Facilities District No. 2013-1 (Clean Energy). This draft ordinance is a part of the necessary steps to establish a program and a Community Facilities District (CFD) to finance or refinance the acquisition, installation and improvement of energy efficiency, water conservation and renewable energy improvements (Clean Energy Improvements) to or on real property, including homes and commercial buildings. This CFD is authorized under the Mello-Roos Community Facilities Act of 1982 as amended by Senate Bill No. 555 (SB 555). This type of program is often referred to as “Property Assessed Clean Energy” (PACE) financing. PACE financing is completely voluntary: only property owners that choose to seek financing through the CFD for energy- and water-related improvements to their property and unanimously vote to annex their property into the CFD will be subject to this program. No property will be annexed into the CFD or subject to any part of this program without the express willing unanimous consent of the property owner(s).

Other Agency Involvement

County Counsel and the Auditor Controllers office have contributed to the program development. Staff from the cities of Woodland, West Sacramento, Winters and Davis have been actively participating in the discussions with Ygrene for creation of the CFD.

Fiscal Impact

Fiscal Impact (Expenditure)
No Fiscal Impact
Total cost of recommended action:		$
Amount budgeted for expenditure:		$
Additional expenditure authority needed:		$
On-going commitment (annual cost):	$

Source of Funds for this Expenditure

Explanation (Expenditure and/or Revenue)

Further explanation as needed:

There is no fiscal impact to the eneral fund. Costs associated with the formation and implementation of this program are funded by reimbursements from Ygrene Energy Fund California, LLC (Ygrene).

Attachments
Att. A. Ordinance No. 1427

Form Review

Inbox	Reviewed By	Date
Phil Pogledich	Beth Gabor	04/29/2013 01:12 PM
Financial Services	hnewens	04/30/2013 10:34 AM
County Counsel	Hope Welton	04/30/2013 12:13 PM
Form Started By: ctuttle		Started On: 04/04/2013 01:10 PM
Final Approval Date: 04/30/2013