Item Coversheet
City of Independence
AGENDA ITEM COVER SHEET
BILL NO. 17-781Res.No:          6252

Agenda Title:

17-781 - A resolution enabling the City of Independence, Missouri, to join “Show Me PACE” pursuant to state statute, and stating the terms under which the city will conduct activities as a member of such district.
Recommendations:

Staff recommends approval.
Executive Summary:

PACE allows private property owners to finance energy efficiency and renewable energy improvements on their buildings through an additional assessment on their property tax bill, rather than bearing the cost upfront. Missouri legislation enables the creation of a Clean Energy Development Board, which can issue bonds for the financing of energy efficiency (such as more insulation, better windows and improved HVAC systems) and renewable energy (such as geothermal heat pumps, wind and solar systems) improvements to property, and repay project costs over a period up to 20 years through a special assessment on their property taxes. Independence may, by Resolution, join one or more PACE districts.

 

This Resolution enables Independence to join the Show Me PACE district.


Department:          City Manager's OfficeContact Person:          Mark Randall


REVIEWERS:
DepartmentAction
City Managers OfficeApproved
City Clerk DepartmentApproved
Finance DepartmentApproved
Finance DepartmentApproved
Law DepartmentApproved
City Managers OfficeApproved
City Clerk DepartmentApproved

Council Action:          Council Action:          Accepted

ATTACHMENTS:
DescriptionType
ResolutionResolution
Exhibit AExhibit