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-'401004000"' Resolution No, 1 5-l 57
REsiLuTioN OF THE BOARD OF SEPELVISOl'''S OF li HE COLN Y OF .1.UTTE, CALIFORNIA,
CONSENTING TO INCLUSION OF PROl-ERTIES WITHIN THE COUNTY'S UNINCOR l'ORATED
AREA IN HIE CALIFORNIA 110ME FINANCE AUTHORITY (doing liusiness as GOLDEN STATE
FINANCE AUTHORITY) Pl,. 'HGRAM TO FINANCE RENEWABLE ENERGY GENERATION,
ENERGY AND WATER EFFICIENCY IMPROVEMENTS AND ELECTRIC VEHICLE CHARGING
INF'ASTRUCTURE CONTINGENT ON CERTAIN PROGRAM REQUIREMENTS
WHEI'I.EAS, the California Home Finance Authority ("Authority") (doing business as Golden State
Finance Authority) is a joint exercise of powers authority established pursuant to Chapter 5 of Division 7, "title
1 of the Government Code of the State of California (Section 6500 and following) (the "Act") and the Joint
Power Agreement entered into on July 1, 1993, as amended from time to time (the "Authority JPA"); and
WHEREAS, the Authority has established a property-assessed clean energy ("PACE") program (the
"Authority PACE Program") to provide for the financing of renewable energy generation, energy and water
efficiency improvements and electric vehicle charging infrastructure (the "Improvements") pursuant to Chapter
29 of the Improvement Bond Act of 1911, being Division 7 of the California Streets and Highways Code
("Chapter 29") within counties and cities throughout the State of California that elect to participate in such
program; and
WHEREAS, the County of Butte (the "County") is committed to development of renewable energy
generation and energy and water efficiency improvements, reduction of greenhouse gases, and protection of the
environment; and
WHEREAS, in Chapter 29, the Legislature has authorized cities and counties to assist property owners
in financing the cost of installing Improvements through a voluntary contractual assessment program; and
WL1,EREAS, installation of such Improvements by property owners within the jurisdictional boundaries
of the counties and cities that are participating in the Authority PACE Program would promote the purposes
cited above; and
WHEREAS, the County wishes to provide innovative solutions to its property owners to achieve energy
and water efficiency, and in doing so cooperate with Authority in order to efficiently and economically assist
property owners within the unincorporated area of the County in financing such Improvements; and
WHEREAS, Authority has established the Authority PACE Program, which is a voluntary contractual
assessment program, as permitted by the Act, the Authority JPA, originally made and entered into July 1, 1993,
as amended to date, and the County is an Associate Member of the JPA, and desires to participate in the
programs of the JPA and to assist property owners within the unincorporated area of the County in financing the
cost of installing Improvements; and
WHEREAS, the County will not be responsible for the conduct of any assessment proceedings; or the
issuance, sale or administration of any bonds issued in connection with the Authority PACE Program.
NOW, THEREFORE,BE IT RESOLVED THAT:
1. This Board of Supervisors finds and declares that properties in the County's unincorporated area
will be benefited by the availability of the Authority PACE Program to finance the installation of the
Improvements.
2. This Board of Supervisors consents to inclusion in the Authority PACE Program of all of the
properties in the unincorporated area within the County and to the Improvements, upon the request by and
voluntary agreement of owners of such properties, in compliance with the laws, rules and regulations applicable
to such program; and to the assumption of jurisdiction thereover by Authority for the purposes thereof
contingent upon the Authority PACE Program meeting the following requirements:
a. The Authority PACE Program be an enrolled participant in the PACE Loss Reserve Program
established by the California Alternative Energy and Advanced Transportation Financing
Authority (CAEATFA) and
b. The Authority PACE Program provides disclosure to PACE participants that participation in the
Residential PACE Program may trigger acceleration of existing obligations due under an existing
agreement or security instrument and that the participant may be required to prepay the
contractual PACE assessment upon the sale or refinance of the property.
3. The consent of this Board of Supervisors constitutes assent to the assumption of jurisdiction by
Authority for all purposes of the Authority PACE Program and authorizes Authority, upon satisfaction of the
conditions imposed in this resolution, to take each and every step required for or suitable for financing the
Improvements, and the issuance and enforcement of bonds to represent such contractual assessments. County
will not be responsible for the conduct of any proceedings required to be taken under Chapter 29; the levy or
collection of assessments or any required remedial action in the case of delinquencies in such assessment
payments; or the issuance, sale or administration of any bonds issued in connection with the Authority PACE
program.
4. County staff is authorized and directed to coordinate with Authority staff to facilitate operation
of the Authority PACE Program within the County and report back periodically to this Board of Supervisors on
the success of such program.
5. This Resolution shall take effect immediately upon its adoption. The Clerk of the Board of
Supervisors is directed to send a certified copy of this resolution to the Secretary of the Authority.
PASSED AND ADOPTED by the Butte County Board of Supervisors this 27th day of October, 2015, by the
following vote,to wit:
AYES: Supervisors Connelly, Wahl, Kirk, Lambert and Chair Teeter
NOES: None
ABSENT: None
ABSTAIN: None
DOUG TEETER, Chair
Butte County Board of Supervisors
ate,
By:
Paul Hahn, if
Clerk of the Boa ,"bfSupervisors