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CC - CONSENT ITEM: Adoption of a Resolution Authorizing the California Statewide Communities Development Authority to Offer Property Assessed Clean Energy Financing to the Property Owner at 12402 Washington Place.
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Meeting Date: January 27, 2025
Contact Person/Dept: Elaine Warner/Office of Economic and Cultural Development
Phone Number: (310) 253-5777
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Attachments: Yes [X] No []
Public Notification: (E-Mail) Meetings and Agendas - City Council (01/22/2025); Dan Levin, Property Owner (01/08/2025) James Hamill, Managing Director of the California Statewide Communities Development Authority (01/08/2025)
Department Approval: Jesse Mays, Assistant City Manager (01/07/2025)
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RECOMMENDATION
Staff recommends the City Council adopt a Resolution to authorize the California Statewide Communities Development Authority (CSCDA) to offer their Property Assessed Clean Energy ("Open PACE") program financing to the current property owner of 12402 Washington Place (Participating Property).
BACKGROUND
CSCDA, the largest joint powers authority in California, was founded and sponsored by the League of California Cities and the California State Association of Counties. CSCDA has implemented Property Assessed Clean Energy ("PACE") under the provisions of Chapter 29 of Division 7 of the Streets & Highways Code ("Chapter 29") on behalf of its member counties and cities. Chapter 29 authorizes a legislative body to designate an area within which a public agency (including a joint powers authority like CSCDA) and property owners may enter into voluntary contractual assessments to finance and refinance the installation on real property of distributed generation renewable energy, energy efficiency, water efficiency and seismic strengthening improvements, electric vehicle charging infrastructure and such other improvements,...
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