HomeMy WebLinkAboutCity Councilmember Item - Councilmember Delgleize - RequestCITY OF HUNTINGTON BEACH
City Council Interoffice Communication
To: Honorable Mayor and City Council Mem
From: Barbara Delgleize, City Council Member
Date: November 16, 2015
Subject: CITY COUNCIL MEMBER ITEM FOR THE NOVEMBER 16,2015,
CITY COUNCIL MEETING — PROPERTY ASSESSED CLEAN
ENERGY FINANCING OPTIONS
STATEMENT OF ISSUE:
At the March 16, 2015, City Council Meeting, staff brought forward an item to increase
the options for residents to participate in Property Assessed Clean Energy (PACE)
financing programs Since 2014, residents of the City have been able to enter into
PACE financing through only the Home Energy Renovation Opportunity (HERO)
program and, to date, 177 projects have been completed at over $3 5 million
I previously asked for this item to continued based on the real estate industry's concern
with this financing mechanism in regard to first lien position, and subsequently the
Council did not move forward with increased resident options However, my concerns
have since been addressed by the industry and I believe now that our residents and
business owners deserve more choice than just one program vendor
RECOMMENDED ACTION:
Direct the City Manager to bring back a Request for Council Action to expand the choice
of PACE program options to include California First, YGrene, and Figtree
xc Fred Wilson, City Manager
Ken Domer, Assistant City Manager
Joan Flynn, City Clerk
Michael Gates, City Attorney