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CC - Adoption of a Resolution Authorizing the California Statewide Communities Development Authority to Offer Property Assessed Clean Energy Financing to Southern California Hospital.
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Meeting Date: June 10, 2019
Contact Person/Dept: Joe Susca/Public Works
Phone Number: (310) 253-5636
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [] Attachments: [X]
Commission Action Required: Yes [] No [X] Date:
Public Notification: (E-Mail) Meetings and Agendas - City Council (06/05/19); William Lockyer, representing Southern California Hospital (05/15/19); Minh Le, County of Los Angeles PACE program (06/05/19); James Hamill, Managing Director of the California Statewide Communities Development Authority (06/05/19)
Department Approval: Charles D. Herbertson, Director of Public Works/City Engineer (05/30/19)
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RECOMMENDATION
Staff recommends the City Council adopt a Resolution to join the California Statewide Communities Development Authority (CSCDA) and authorize the CSCDA to offer their Property Assessed Clean Energy ("Open PACE") program to Southern California Hospital.
BACKGROUND
In July 2008, California passed Assembly Bill 811 - the Contractual Assessments: Energy Efficiency Improvements Act. AB 811 explicitly authorized local governments to provide up to 20 year loans, repaid through property tax assessments, for the purpose of implementing energy efficiency, water saving and self-generation systems (such as rooftop solar panels) on private property. Later, seismic retrofits were added to the program (a.k.a. Property Assessed Clean Energy or "PACE" program.)
Approximately 90% of Culver City housing units were built prior to 1978, which is when contemporary energy efficiency standards were initially established. Many of these older homes lack insulation, well-sealed windows and doo...
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