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November 2011 PACE Interlocal Agreement
The Village Council approved the PACE District inter local agreement last month.
The Florida Legislature approved a process in 2010, whereby local governments could create special taxing districts for homeowners to be able to finance energy efficiency retrofits and renewable energy improvements, such as solar panels and solar water heaters, through a property assessed clean energy lien on residences or on commercial property.
Since then, Pinecrest has been working closely with Cutler Bay, Palmetto Bay, South Miami, and Coral Gables to design a “Green” corridor, which will be the first such taxing district in Miami-Dade County and which will bring the green economy to South Dade. There are many other such initiatives beginning throughout the State of Florida. This is a completely voluntary program, which will not impact any other homeowner in Pinecrest who does not choose to use this financing or want to make home improvements. And, it is only one of many different financing options a homeowner could use, but allows our community to provide this additional financing option to our residents.
The Town of Cutler Bay has taken the lead, issued a RFP, negotiated and finalized a contract with a corporation from California to provide the services. They are now entering into interlocal agreements with neighboring municipalities. Residents of the participating cities will have an opportunity to have their homes evaluated for efficiency and determine the energy efficiency improvements, including solar panels, that may be added to their homes and financed by a property assessed lien. Again, this is a completely voluntary program and has no impact whatsoever on the rest of the Village, or its taxes.
We will soon have more information on the web site about the program.