Loading...
Res No 149-12-13706RESOLUTION NO. 1 49 -1 .13706 A Resolution authorizing the City Manager to execute the amended and restated Interlocal Agreement between the City of South Miami, the Town of Cutler Bay, Village of Palmetto Bay, Village of Pinecrest, Miami Shores Village, the City of Coral Gables and the City of Miami, relating to the Green Corridor Property Assessment Clean Energy (PACE) District. WHEREAS, the City of South Miami adopted Resolution No. 24 -10 -13058 dated January 26, 2010 supporting the Green Corridor District legislation, which is a PACE program; and WHEREAS, the City of South Miami adopted Resolution No. 145 -11 -13459 dated September 6, 2011 in which the City Commission entered into an agreement with other municipalities in order to provide for the upfront financing for qualifying improvements as provided for in Section 163.08, Florida Statutes, and WHEREAS, the City Commission finds that this resolution is in the best interest and welfare of the residents of the City. WHEREAS, Dr. Philip Stoddard is appointed to the governing board of the district until the 4- year term expires or the City Commission chooses to make another appointment. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA THAT: Section l: The City Manager is hereby authorized to execute the amended and restated version of the Interlocal Agreement between the City of South Miami, the Town of Cutler Bay, Village of Palmetto Bay, Village of Pinecrest, Miami Shores Village, the City of Coral Gables and the City of Miami, relating to the Green Corridor Property Assessment Clean Energy (PACE) District. Dr. Philip Stoddard is appointed to the governing board of the district until the 4 -year term expires or the City Commission chooses to make another appointment. The amended Interlocal Agreement is attached. Section 2: This resolution shall be effective immediately after the adoption hereof. PASSED AND ADOPTED this24th, day of July , 2012. ATTEST: READ LANG OVED AS TO FORM ATTORNEY APPROVED: Commission Vote: Mayor Stoddard: Vice Mayor Liebman: Commissioner Harris: Commissioner Newman: Commissioner Welsh: 5 -0 Yea Yea Yea Yea Yea CITY OF SOUTH MIAMI OFFICE OF THE CITY MANAGER INTER - OFFICE MEMORANDUM TO: The Honorable Mayor & Members of the City Commission FROM: Hector Mirabile, Ph.D., City Manager y V A Moor. DATE: July 24, 2012 Agenda Item No.: SUBJECT: A resolution authorizing the City Manager to execute the amended and restated Interlocal Agreement between the City of South Miami, the Town of Cutler Bay, Village of Palmetto Bay, Village of Pinecrest, Miami Shores Village the City of Coral Gables and the City of Miami, relating to the Green Corridor Property Assessment Clean Energy (PACE) District. BACKGROUND: The City of South Miami adopted Resolution No. 24 -10 -13058 dated January 26, 2010 supporting the Green Corridor District legislation, which is a PACE program. The City of South Miami adopted Resolution No. 145 -1 1 -13459 dated September 6, 2011 in which the City Commission entered into an agreement with other municipalities in order to provide for the upfront financing for qualifying improvements as provided for in Section 163.08, Florida Statutes. The City Commission finds that this resolution is in the best interest and welfare of the residents of the City. ATTACHMENTS: Final amended and restated version of the Interlocal Agreement Memo — Summary of Changes of Interlocal Agreement Interlocal Agreement with Track Changes Resolution No. 24-10-13058 Resolution No. 145-11-13459 AMENDED AND RESTATED INTERLOCAL AGREEMENT BETWEEN THE TOWN OF CUTLER BAY, VILLAGE OF PALMETTO BAY, VILLAGE OF PINECREST, CITY OF SOUTH MIAMI, MIAMI SHORES VILLAGE, CITY OF CORAL GABLES & CITY OF MIAMI This Amended and Restated Interlocal Agreement (the "Interlocal Agreement ") is entered into between the Town of Cutler Bay, Florida, a Florida municipal corporation; Village of Palmetto Bay, Florida, a Florida municipal corporation; Village of Pinecrest, a Florida municipal corporation; City of South Miami, a Florida municipal corporation; Miami Shores Village, a Florida municipal corporation; City of Coral Gables, a Florida municipal corporation, and the City of Miami, a Florida municipal corporation (Collectively, the "Parties "). RECITALS WHEREAS, Section 163.01, Florida Statutes, the "Florida Interlocal Cooperation Act of 1969," authorizes local government units to enter into interlocal agreements for the mutual benefit of governmental units; and WHEREAS, Section 163.01 (7), Florida Statutes, allows for the creation of a "separate legal entity" constituted pursuant to the terms of the interlocal agreement to carry out the purposes of the interlocal agreement for the mutual benefit of the governmental units; and WHEREAS, the Parties desire to enter into an interlocal agreement creating a separate legal entity entitled the Green Corridor Property Assessment Clean Energy (PACE) District, hereinafter referred to as the "District;" and WHEREAS, Section 166.021, Florida Statutes, authorizes the Parties to exercise any power for municipal purposes, except when expressly prohibited by law; and WHEREAS, Section 163.08, Florida Statutes, provides that a "local government," defined as a county, municipality, a dependent special district as defined in Section 189.403, Florida Statutes, or a separate legal entity created pursuant to Section 163.01(7), Florida Statutes may finance energy related "qualifying improvements" through voluntary assessments; and WHEREAS, Section 163.08, Florida Statutes, provides that improved property that has been retrofitted with energy - related qualifying improvements receives the special benefit of alleviating the property's burden from energy consumption and assists in the fulfillment of the state's energy and hurricane mitigation policies; and 1 WHEREAS, Section 163.08(5), Florida Statutes, provides that local governments may enter into a partnership with one or more local governments for the purpose of providing and financing qualifying improvements; and WHEREAS, the Parties to this Interlocal Agreement have expressed a desire to enter into this Interlocal Agreement in order to authorize the establishment of the District as a means of implementing and financing a qualifying improvements program within the District; and WHEREAS, the Parties have determined that it is necessary and appropriate to create the District and to clarify various obligations for future cooperation between the Parties related to the financing of qualifying improvements within the District; and WHEREAS, the Parties agree and understand that each member of the District will have complete control over the administration, governance, and implementation of their own PACE program, which includes, but is not limited to, the ability to review and approve program documents, marketing strategies, and determining eligible property types and improvements; and WHEREAS, the Parties have determined that it shall serve the public interest to enter into this Interlocal Agreement to make the most efficient use of their powers by enabling them to cooperate on a basis of mutual advantage to provide for the financing of qualifying improvements within the District. NOW, THEREFORE, in consideration of the terms and conditions, promises and covenants hereinafter set forth, the Parties agree as follows: Section 1. Recitals Incorporated. The above recitals are true and correct and incorporated herein. Section 2. Purpose. The purpose of this Interlocal Agreement is to consent to and authorize the creation of the District, pursuant to Section 163:08, Florida Statutes in order to facilitate the financing of qualifying improvements for property owners within the District. The District shall be a separate legal entity, pursuant to Section 163.01(7), Florida Statutes, Section 3. Qualifying Improvements. The District shall allow the financing of qualifying improvements as defined in Section 163.08, Florida Statutes. Section 4. Enabling Ordinance or Resolution. The Parties to this Interlocal Agreement agree to approve and keep in effect such resolutions and ordinances as may be necessary to approve, create and maintain the District. Said ordinances and resolutions shall include all of the provisions as provided for in Sections 163.01 and 163.08, Florida Statutes, for the creation of a partnership between local governments as a separate legal entity. The District shall be created upon the execution of this Interlocal Agreement by the Parties hereto and the adoption of an ordinance or resolution of support by the Parties establishing the District. Additional local governments may join in and enter into this Interlocal Agreement by approval of two- 2 thirds of the members of the Board (as defined in Section 6 below), execution of this Interlocal Agreement and adoption of an ordinance or resolution of support establishing the District. Section 5. District Boundaries. The boundaries of the District shall be the legal boundaries of the local governments that are Parties to this Interlocal Agreement. As contemplated in this Interlocal Agreement, the District will levy voluntary assessments on the benefitted properties within the boundaries of the District to help finance the costs of qualifying improvements for those individual properties. Upon petition by the landowners of individual properties desiring to be benefited, those properties receiving financing for qualifying improvements shall be assessed from time to time, in accordance with the applicable law. Notwithstanding a Parties termination of participation within this Interlocal Agreement, those properties that have received financing for qualifying improvements shall continue to be a part of the District, until such time that all outstanding debt has been satisfied. Section 6. Governing Board of the District. The District shall be governed by a governing board (the "Board, ") which shall be comprised of property owners or elected officials within the jurisdictional boundaries of the Parties to this Interlocal Agreement and one at large property owner from within the District. The maximum number of members of the Board serving at any given time shall be no more than seven (7) and the minimum number of members shall be not less than three (3). Notwithstanding the foregoing, the maximum number of members on the Board may be increased by a two - third majority vote of the Board. The initial Board shall serve for an initial four (4) year term and shall consist of one (1) representative appointed by each Party from within their jurisdictional boundaries. The initial at large member of the Board shall be appointed by a majority vote of the Board. All subsequent renewal terms shall be for four (4) years. Following the initial Board appointments, the Parties to this Interlocal Agreement shall nominate appointees to be elected to the Board by current sitting Board members. In the event a Board member is no longer eligible to serve on the Board, that Party to this Interlocal Agreement shall appoint a replacement to fulfill the remaining term of that member. The Board's administrative duties shall include all duties necessary for the conduct of the Board's business and the exercise of the powers of the District as provided in Section 11. Section 7. Decisions of the Board. Decisions of the Board shall be made by majority vote of the Board. The Board may adopt rules of procedure. In the absence of the adoption of such rules of procedure, the fundamental parliamentary procedures of Roberts Rules of Order shall apply. Section 8. District Staff and Attorney. The Town Manager of Cutler Bay shall serve as the staff to the District. In addition, the Town Attorney for Cutler Bay shall serve as the counsel to the District. To the extent not paid by the Third Party Administrator of the District (the "TPA "), all of the District's staff and attorney expenses shall be borne by the Town of Cutler Bay. After the District has been operating for two years, the Board may choose to hire different District staff and /or Attorney. If the Board chooses to hire different District staff and /or Attorney, the Town of Cutler Bay will no 9 longer pay for the staff and /or attorney expenses to the extent they are not paid by the TPA. Section 9. Financing Agreement. The Parties agree that the District shall enter into a financing agreement, pursuant to Section 163.08(8), Florida Statutes, with property owner(s) who obtain financing through the District. Section 10. Procurement. The Parties agree and understand that the initial procurement for the TPA for the District was performed by the Town of Cutler Bay in accordance with its adopted competitive procurement procedures (Request for Proposal 10 -05). The Parties further agree and understand that the Town of Cutler Bay has selected Ygrene Energy Fund, Florida, LLC (the "Ygrene ") as the initial TPA. The Town of Cutler Bay, on the behalf of the District, has entered into an Agreement between the Town of Cutler Bay and Ygrene, dated August 16, 2011, which was assigned to the District. Section 11. Powers of the District. The District shall exercise any or all of the powers granted under Sections 163.01 and 163.08, Florida Statutes, as may be amended from time to time, which include, without limitation, the following: a. To finance qualifying improvements within the District boundaries; b. In its own name to make and enter into contracts; C. To employ agencies, employees, or consultants; d. To acquire, construct, manage, maintain, or operate buildings, works, or improvements; e. To acquire, hold, or dispose of property; f. To incur debts, liabilities, or obligations which do not constitute the debts, liabilities, or obligations of any of the Parties to this Interlocal Agreement; g. To adopt resolutions and policies prescribing the powers, duties, and functions of the officers of the District, the conduct of the business of the District, and the maintenance of records and documents of the District; h: To maintain an office at such place or places as it may designate within the District or within the boundaries of a Party to this Interlocal Agreement; To cooperate with or contract with other governmental agencies as may be necessary, convenient, incidental, or proper in connection with any of the powers, duties, or purposes authorized by Section 163.08, Florida Statutes, and to accept funding from local and state agencies; 0 j. To exercise all powers necessary, convenient, incidental, or proper in connection with any of the powers, duties, or purposes authorized in Section 163.08, Florida Statutes; and k. To apply for, request, receive and accept gifts, grants, or assistance funds from any lawful source to support any activity authorized under this Agreement. Section 12. Quarterly Reports. A quarterly report of the District shall be completed in accordance with generally accepted Government Auditing Standards by an independent certified public accountant. At a minimum, the quarterly report shall include a balance sheet, statement of revenues, expenditures and changes in fund equity and combining statements prepared in accordance with generally accepted accounting principles. All records such as, but not limited to, construction, financial, correspondence, instructions, memoranda, bid estimate sheets, proposal documentation, back charge documentation, canceled checks, reports and other related records produced and maintained by the District, its employees and consultants shall be deemed public records, and shall be made available for audit, review or copying by a Party to this Interlocal Agreement upon reasonable notice. Section 13, Term, This Interlocal Agreement shall remain in full force and effect from the date of its execution; provided, however, that any Party may terminate its involvement in the District and its participation in this Interlocal Agreement upon ten (10) days' written notice to the other Parties. Should a Party terminate its participation in this Interlocal Agreement, be dissolved, abolished, or otherwise cease to exist, the District and this Interlocal Agreement shall continue until such time as all remaining Parties agree to terminate. Section 14. Consent. This Interlocal Agreement and any required resolution or ordinance of an individual Party shall be considered the Parties' consent to the creation of the District as required by Sections 163.01 and 163.08, Florida Statutes. Section 15. Liability. The Parties hereto shall each be individually and separately liable and responsible for the actions of its own officers, agents and employees in the performance of their respective obligations under this Interlocal Agreement. Except as specified herein, the Parties shall each individually defend any action or proceeding brought against their respective agency pursuant to this' Interlocal Agreement and shall be individually responsible for all of their respective costs, attorneys' fees, expenses and liabilities incurred as a result of any such claims, demands, suits, actions, damages and causes of action, including the investigation or the defense thereof, and from and against any orders, judgments or decrees which may be entered as a result thereof. The Parties shall each individually maintain throughout the term of this Interlocal Agreement any and all applicable insurance coverage required by Florida law for governmental entities. Nothing in this Agreement shall be construed to affect in any way the Parties' rights, privileges, and immunities, including the monetary limitations of liability set forth therein, under the doctrine of ".sovereign immunity" and as set forth in Section 768.28 of the Florida Statutes. 5 Section 16. Indemnification, The Parties agree that the TPA for the District shall always indemnify and hold harmless the Parties and the District. The Parties understand and acknowledge that the indemnification provisions included in Section 11 "Indemnification" of the Agreement between the Town of Cutler Bay and Ygrene, dated August 16, 2011, which will be assigned to the District, extend to all of the members of the District. Section 17. Notices. Any notices to be given hereunder shall be in writing and shall be deemed to have been given if sent by hand delivery, recognized overnight courier (such as Federal Express), or it must be given by written certified U.S. mail, with return receipt requested, addressed to the Party for whom it is intended, at the place specified. For the present, the Parties designate the following as the respective places for notice purposes: If to Cutler Bay: Town Manager Town of Cutler Bay 10720 Caribbean Boulevard, Suite 105 Town of Cutler Bay, Florida 33189 With a Copy to: Weiss Serota Helfman Pastoriza Cole & Boniske, P.L. 2525 Ponce de Leon Boulevard Suite 700 Coral Gables, Florida 33134 Section 18. Amendments. It is further agreed that no modification, amendment or alteration in the terms or conditions herein shall be effective unless contained in a written document executed by the Parties hereto and the District. r. Ll Section 19. Filing. It is agreed that this Interlocal Agreement shall be filed with the Clerk of the Circuit Court of Miami -Dade County, as required by Section 163.01(l 1), Florida Statutes. Section 20. Joint Effort. The preparation of this Interlocal Agreement has been a joint effort of the Parties hereto and the resulting document shall not, solely as a matter of judicial construction, be construed more severely against one of the Parties than the other. Section 21. Merger. This Interlocal Agreement incorporates and includes all prior negotiations, correspondence, agreements or understandings applicable to the matters contained herein; and the Parties agree that there are no commitments, agreements or understandings concerning the subject matter of this Interlocal Agreement that are not contained in this document. Accordingly, the Parties agree that no deviation from the terms hereof shall be. predicated upon any prior representations or agreements whether oral or written It is further agreed that no change, amendment, alteration or modification in the terms and conditions contained herein shall be effective unless contained in a written document executed with the same formality and of equal dignity herewith by all Parties to this Interlocal Agreement. Section 22. Assignment. The respective obligations of the Parties set forth in this Interlocal Agreement shall not be assigned, in whole or in part, without the written consent of the other Parties hereto. Section 23. Records. The Parties shall each maintain their own respective records and documents associated with this Interlocal Agreement in accordance with the requirements for records retention set forth in Chapter 119, Florida Statutes, Section 24. Governing Law and Venue. This Interlocal Agreement shall be governed, construed and controlled according to the laws of the State of Florida. Venue for any claim, objection or dispute arising out of the terms of this Interlocal Agreement shall be proper exclusively in Miami -Dade County, Florida. Section 25. Severability. In the event a portion of this Interlocal Agreement is found by a court of competent jurisdiction to be invalid, the remaining provisions shall continue to be effective. Section 26. Third Party Beneficiaries. This Interlocal Agreement is solely for the benefit of the Parties and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in the Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the Parties any right, remedy, or claims under or by reason of this Interlocal Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the Parties. 7 Section 27. Effective Date. This Interlocal Agreement shall become effective upon the execution by the Parties hereto and recordation in the public records of the applicable county. [Remainder of page intentionally left blank.] IN WITNESS WHEREOF, the Parties hereto have made and executed this Interlocal Agreement on this 3 i day of U"�Ai y , 2012. ATTEST: BY: cul ft r 01 ��4 JiNCORPORATED 2005 Town Clerk (Affix Town Seal) R Approved by Town Attorney as to form and legal sufficiency ATTEST: TOWN OF CUTLER BAY, a municipal corporation of the State of Florida BY: wcam- Q _ cac�009� Town Manager Town Attorney CITY OF SOUTH MIAMI, a municipal corporation of the State of Florida (Affix Town Seal) Approved by City Attorney as to form and legal sufficiency 0 Memo To: Steven Alexander, Town Manager From: Chad S. Friedman, Town Attorney Date: July 18, 2012 Re: Amended & Restated Interlocal Agreement Relating to Green Corridor Property Assessed Clean Energy (PACE) District (the "District ") I. Introduction. During the approval process for the initial Interlocal Agreement, which established the District, several municipalities raised concerns that municipalities within the District would be required to: (1) execute financing agreements; and (2) levy the non ad valorem special assessments. When discussing this concern with the municipalities involved, the Town of Cutler Bay staff committed to proposing a legislative amendment to Section 163.08, Florida Statutes, which would eliminate this concern. Following through with this commitment, the Town's lobbyist filed an amendment to House Bill 7117 (the "HB 7117 "), 'which would allow for the District, instead of the municipalities within the District, to execute the financing agreements and levy the non ad valorem special assessments. Fortunately, the Florida Legislature passed HB 7117 on the last day of the legislative session and the Governor allowed for the bill to go into law on April 14, 2012. It was this change in the law that was the impetus for the changes to the Interlocal Agreement. After it was decided that a change in the Interlocal Agreement was necessary, we decided to review the Agreement in its entirety in order to provide further clarifications within the Agreement. You have asked us to provide a summary of the amendments made to the Interlocal Agreement. Per your request, below is a summary of the relevant changes. II. Summary of Changes. A. Financing_ Agreements and Special Assessments. As a result of the change in state law, the Interlocal Agreement was amended to reflect that the District will me. sign the financing agreements and levy the special assessments instead of the municipalities involved. Also, other changes were made throughout the Interlocal Agreement to make the Agreement consistent with these changes. B. Board Appointments & Addition of Other Municipalities. The individuals eligible to serve on the District Board has been expanded to include any property owner or elected official. In addition, it was clarified that the District Board can be expanded beyond seven people upon a two -third vote of the Board. Furthermore, a two third vote is necessary to add an additional municipality to the District. Finally, to provide flexibility, the at large member may be appointed by the Board at anytime instead of at the first meeting. C. Third Party Administrator. The Interlocal Agreement was updated to clarify that the Town had selected Ygrene as the Third Party Administrator through a public procurement process. D. District Staff & Attorney. It was clarified that if the District decides not to utilize the Town Manager and Town Attorney after the initial 2 years, that the Town would not pay for the costs and expenses of the new staff and attorney. E. District Liability. The Interlocal Agreement was further clarified that the municipalities would not be responsible for the liabilities of the District. In addition, it was clarified that entering into this Interlocal Agreement did not waive sovereign immunity. F. Indemnification. Although clearly stated in the Third Party Administrator agreement, the Interlocal Agreement was amended to acknowledge that the Third Party Administrator's indemnification of the District also extended to the member municipalities. It was also expressly provided that the Third Party Administrator regardless of who it is shall always indemnify the District and the municipalities within. G. Third Party Beneficiaries & Recordation. It was clarified that there are no third party beneficiaries to the Interlocal Agreement and that the Agreement will be effective upon recordation. III. Conclusion. If you have any questions or concerns about these changes please feel free to contact 2 AMENDED AND RESTATED INTERLOCAL AGREEMENT BETWEEN THE TOWN OF CUTLER BAY, VILLAGE OF PALMETTO BAY VILLAGE OF F- WRtDA; PINECREST CITY OF SOUTH MIAMI MIAMI SHORES VILLAGE CITY OF CORAL GABLES & CITY OF MIAMI This Amended and Restated Interlocal Agreement (the "Interlocal Agreement ") is entered into between the Town of Cutler Bay, Florida, a Florida municipal corporation; Village of Palmetto, hereinafter referred to-as- "cutler Bays ;" 0 , Florida, a Florida municipal corporation; Village of Pinecrest, a, hereinafteF referred +4G-as the " ' + ," tal Florida municipal corporation; City of South Miami, a Florida municipal corporation: Miami Shores Village, a Florida municipal corporation; City of Coral Gables a Florida municipal corporation and hereinafterreferred to as the City of Miami a Florida municipal corporation (Collectively, !!Q ;" 0 the • - „ - - .. DiStFiGt, hereinafter referred te as the "Distfirat—." RECITALS WHEREAS, Section 163.01, Florida Statutes, the "Florida Interlocal Cooperation Act of 1969," authorizes local government units to enter into interlocal agreements for the mutual benefit of governmental units; and WHEREAS, Section 163.01 (7), Florida Statutes, allows for the creation of a "separate legal entity" constituted pursuant to the terms of the interlocal agreement to carry out the purposes of the interlocal agreement for the mutual benefit of the governmental units; and WHEREAS, the PartiesGutler Bay, Git-c and 6+ty G desire to enter into an interlocal agreement creating for-establishment-of_the-DimstFiGt ass a separate legal entity entitled (Sellestively; the Green Corridor Property Assessment Clean Energy (PACE District hereinafter referred to as the "District "" " ; and 1 Formatted: Body Text WHEREAS, Section 166.021, Florida Statutes, authorizes the PartinG�y, City S and City G to exercise any power for municipal purposes, except when expressly prohibited by law; and WHEREAS, Section 163.08, Florida Statutes, provides that a "local government," defined as a county, municipality,-of a dependent special district as defined in Section 189.403, Florida — Statutes, or a separate legal entity created pursuant to Section 163.01(7), Florida Statutes may finance energy related "qualifying improvements" through voluntary assessments; and WHEREAS, Section 163.08, Florida Statutes, provides that improved property that has been retrofitted with energy - related qualifying improvements receives the special benefit of alleviating the property's burden from energy consumption and assists in the fulfillment of the state's energy and hurricane mitigation policies; and WHEREAS, Section 163.08(5), Florida Statutes, provides that local governments may enter into a partnership with one or more local governments for the purpose of providing and financing qualifying improvements; and WHEREAS, the Parties to this Interlocal Agreement have expressed a desire to enter into this Interlocal Agreement in order to authorize the establishment of the District as a means of implementing and financing a qualifying improvements program for energy-GGnsepiation within the District; and WHEREAS, the Parties" have determined that it is necessary and appropriate to create the District and to clarify various obligations for future cooperation between the PartiesSutler —Bay, y—G related to the financing of qualifying improvements within the District; and WHEREAS, the Parties agree and understand that each member of the District will have complete control over the administration governance, and implementation of their own PACE program, which includes, but is not limited to, the ability to review and approve program documents, marketing strategies, and determining eligible property types and improvements: and WHEREAS, the. Parties ler—H have determined that it shall serve the public interest to enter into this Interlocal Agreement to make the most efficient use of their powers by enabling them to cooperate on a basis of mutual advantage to provide for the financing of qualifying improvements within the District. NOW, THEREFORE, in consideration of the terms and conditions, promises and covenants hereinafter set forth, the Parties agree as follows: Section 1. Recitals Incorporated. The above recitals are true and correct and incorporated herein. 2 ee s :e. •• Section 2, Purpose. The purpose of this Interlocal Agreement is to consent to and authorize the creation of the District, pursuant to Section 163.08, Florida Statutes in order to facilitate the financing of qualifying improvements for property owners within the District. The District shall be a separate legal entity, pursuant to Section 163.01,0,; Florida Statutes. Section 3. Qualifying Improvements. The District shall allow the financing of qualifying improvements as defined in Section 163.08, Florida Statutes. Section 4. Enabling Ordinance or Resolution. The Parties to this Interlocal Agreement agree to approve and keep in effect such resolutions and ordinances as may be necessary to approve, create and maintain the District. Said ordinances and resolutions shall include all of the provisions as provided for in Sections 163.01 and 163.08, Florida Statutes, for the creation of a partnership between local governments as a separate legal entity. The District shall be created upon the execution of this Interlocal Agreement by the Parties hereto and the adoption of an ordinance or resolution of support by the Parties establishing the District. Additional local governments may join in and enter into this Interlocal Agreement by approval of two - thirds of the members of the Board (as defined in Section 6 below), execution of this Interlocal Agreement and adoption of an ordinance or resolution of support establishing the District. Section 5. District Boundaries. The boundaries of the District shall be the legal boundaries of the local governments that are Parties to this Interlocal Agreement. As contemplated in this Interlocal Agreement, the District will 1 governments in levying voluntary assessments on the benefitted properties within the boundaries of the District to help finance the costs of qualifying improvements for those individual properties. Upon petition by the landowners of individual properties desiring to be benefited, those properties receiving financing for qualifying improvements shall be assessed from time to time, in accordance with the applicable law. Notwithstanding a Partieslesal- government's termination of participation within this Interlocal Agreement, those properties that have received financing for qualifying improvements shall continue to be a part of the District, until such time that all outstanding debt has been satisfied. Section 6. Governing Board of the District. The District shall be governed by a governing board of the DiStFiGt (the 'Board, ") which shall be comprised of property owners orsurrent elected officials within the iurisdictional boundaries of the Parties to this Interlocal Agreement and one at large property owner from within the Districtme -mber. The maximum number of members of the Board serving at any given time shall be no more than seven (7) and the minimum number of members shall be not less than three (3). Notwithstanding the foregoing, the maximum number of members on the Board may be increased by a two -third majority vote of the Board. The initial Board which -shall serve for an initial four (4) year term and shall consist of one (1) representative(&) appointed by each Party from within their jurisdictional boundaries6utler- -J3a�, ene-(1)-representative(- rep . The initial at large member of the Board shall be appointed by a majority vote of the Board - -at -its first- regular4y- scheduled- rneettr4g. All 3 .. mglm subsequent renewal terms shall be for four (4) years. Following the initial Board appointments, the Parties to this Interlocal Agreement shall nominate appointees to be elected to the Board by current sitting Board members. In the event a Board member is no longer L eligible to serve on the Boardlo,�s his "eFeleeted seat, that Party to this Interlocal Agreement shall appoint a replacement- elested-effisial to fulfill the remaining term of that member. The Board's administrative duties shall include all duties necessary for the conduct of the Board's business and the exercise of the powers of the District as provided. in Section 11. Section 7. Decisions of the Board. Decisions of the Board shall be made by majority vote of the Board. The Board may adopt rules of procedure. In the absence of the adoption of such rules of procedure, the fundamental parliamentary procedures of Roberts Rules of Order shall apply. Section 8, District Staff and Attorney. The Town Manager of Cutler Bay shall serve as the staff to the District. In addition, the Town Attorney for Cutler Bay shall serve as the counsel to the District. To the extent not paid by the Third Party Administrator of the District (the "TPA "), all of the District's staff and attorney expenses shall be borne by the Town of Cutler Manager of tler Bay, ae -thefr utherized -agen t for purposes of signing any agreem . After the District has been operating for two years, the Board may choose to hire different District staff and /or Attorney. If the Board chooses to hire different District staff and /or Attorney, the Town of Cutler Bay will no longer pay for the staff and /or attorney expenses to the extent they are not paid by the TPA. Section 9. Financing Agreement.Au#WiZed-QffiGia-L The Parties agree thatta each -ide the District shallr° ^ ° ^ + „° o ^4, . ",rQ ie aut-#erized -to enter into a financing agreement, pursuant to Section 163.08(8), Florida Statutes, with property owner(s) who obtain financing through the District. Section 10, Procurement. The Parties agree and understand that the initial procurement for the TPA for the District wasa Third--- I?art-y-- Admkiis�vill --be performed by the Town of Cutler Bay in accordance with its adopted competitive procurement procedures (Request for Proposal 10 -05). The Parties further agree and understand that —.l the Town of Cutler Bay has selected Y rg ene Energy Fund, Florida, LLC (the "Ygrene" ) as the initial TPA. The Town of Cutler Bay, on the behalf of the District, has enteredselesting -the Third Pa inistrator �TD�T,.- A`,, �wn -wiN enter into an Agreement between the Town of Cutler Bax and Ygrene, dated August 16, 2011ag;eerneni wwith -the TPA, which waswill -h ubseuepMy assigned to the District. Section 11. Powers of the District. The District shall exercise any or all of the powers granted under Sections 163.01 and 163.08, Florida Statutes, as may be amended from time to time, which include, without limitation, the following: a. To finance qualifying improvements within the District boundaries; n MN b. In its own name to make and enter into contracts; C. To employ agencies, employees, or consultants; d. To acquire, construct, manage, maintain, or operate buildings, works, or improvements; e. To acquire, hold, or dispose of property; f. To incur debts, liabilities, or obligations which do not constitute the debts, liabilities, or obligations of any of the Parties to this Interlocal Agreement; g. To adopt resolutions and policies prescribing the powers, duties, and functions of the officers of the District, the conduct of the business of the District, and the maintenance of records and documents of the District; h. To maintain an office at such place or places as it may designate within the District or within the boundaries of a Party to this Interlocal Agreement; L To cooperate with or contract with other governmental agencies as may be necessary, convenient, incidental, or proper in connection with any of the powers, duties, or purposes authorized by Section 163.08, Florida Statutes, and to accept funding from local and state agencies; j. To exercise all powers necessary, convenient, incidental, or proper in connection with any of the powers, duties, or purposes authorized in Section 163.08, Florida Statutes; and k. To apply for, request, receive and accept gifts, grants, or assistance funds from any lawful source to support any activity authorized under this Agreement. Section 12. Quarterly Reports. A quarterly report of the District shall be completed in accordance with generally accepted Government Auditing Standards by an independent certified public accountant. At a minimum, the quarterly report shall include a balance sheet, statement of revenues, expenditures and changes in fund equity and combining statements prepared in accordance with generally accepted accounting principles. All records such as, but not limited to, construction, financial, correspondence, instructions, memoranda, bid estimate sheets, proposal documentation, back charge documentation, canceled checks, reports and other related records produced and maintained by the District, its employees and consultants shall be deemed public records, and shall be made available for audit, review or copying by a Party to this Interlocal Agreement upon reasonable notice. Section 13. Term. This Interlocal Agreement shall remain in full force and effect from the date of its execution; provided, however, that any Party may terminate its involvement in the District and its participation in this Interlocal Agreement upon ten (10) days' written notice to the other Parties. Should a Party terminate its participation in this 5 5e a.. memm ........ .............. . ......... _....._.......... Interlocal Agreement, be dissolved, abolished, or otherwise cease to exist, the District and this Interlocal Agreement shall continue until such time as all remaining Parties agree to terminate. Section 14. Consent. This Interlocal Agreement and any required resolution or ordinance of an individual Party shall be considered the Parties' consent to the creation of the District as required by Sections 163.01 and 163.08, Florida Statutes. Section 15. Liability. The Parties hereto shall each be individually and separately liable and responsible for the actions of its own officers, agents and employees in the performance of their respective obligations under this Interlocal Agreement. Except as specified herein, the Parties shall each individually defend any action or proceeding brought against their respective agency pursuant to this Interlocal Agreement and shall be individually responsible for all of their respective costs, attorneys' fees, expenses and liabilities incurred as a result of any such claims, demands, suits, actions, damages and causes of action, including the investigation or the defense thereof, and from and against any orders, judgments or decrees which may be entered as a result thereof. e- District m rata fen all the-defense thefeG f Qi3d fr-6rr} �aaga e6Ie -w c T be entered as a Fesellt - thereof. The Parties shall each individually maintain throughout the term of this Interlocal Agreement any and all applicable insurance coverage required by Florida law for governmental entities. Nothing in this Agreement shall be construed to affect in any way the Parties' rights, privileges, and immunities, including the monetary limitations of liability set forth therein, under the doctrine of "sovereign immunity" and as set forth in Section 768.28 of the Florida Statutes. understand and acknowledge that the indemnification provisions included in Section 11 "Indemnification" of the Agreement between the Town of Cutler Bay and Ygrene, dated August 16, 2011, which will be assigned to the District, extend to all of the members of the District. Section- 16.Section 17,._._ „.. Notices. Any notices to be given hereunder shall be in writing and shall be deemed to have been given if sent by hand delivery, recognized overnight courier (such as Federal Express), or it must be given by written certified U.S. mail, with return receipt requested, addressed to the Party for whom it is intended, at the place specified. For the present, the Parties designate the following as the respective places for notice purposes: If to Cutler Bay: Town Manager Town of Cutler Bay 10720 Caribbean Boulevard, Suite 105 Town of Cutler Bay, Florida 33189 6 With a Copy to: Weiss Serota Helfman Pastoriza Cole & Boniske, P.L. 2525 Ponce de Leon Boulevard Suite 700 Coral Gables, Florida 33134 Section 1843. Amendments. It is further agreed that no modification, amendment or alteration in the terms or conditions herein shall be effective unless contained in a written document executed by the Parties hereto and the District. f Section 194-4. Filing. It is agreed that this Interlocal Agreement shall be filed with the Clerk of the Circuit Court of Miami -Dade County, as required by Section 163.01 (11), Florida Statutes. Section 2045. Joint Effort. The preparation of this Interlocal Agreement has been a joint effort of the Parties hereto and the resulting document shall not, solely as a matter of judicial construction, be construed more severely against one of the Parties than the other. Section 2146. Merger. This Interlocal Agreement incorporates and includes all prior negotiations, correspondence, agreements or understandings applicable to the 7 i lN60GS41�95l933- 1�a804A -7 -096 if to City B: i-if to City G; Section 1843. Amendments. It is further agreed that no modification, amendment or alteration in the terms or conditions herein shall be effective unless contained in a written document executed by the Parties hereto and the District. f Section 194-4. Filing. It is agreed that this Interlocal Agreement shall be filed with the Clerk of the Circuit Court of Miami -Dade County, as required by Section 163.01 (11), Florida Statutes. Section 2045. Joint Effort. The preparation of this Interlocal Agreement has been a joint effort of the Parties hereto and the resulting document shall not, solely as a matter of judicial construction, be construed more severely against one of the Parties than the other. Section 2146. Merger. This Interlocal Agreement incorporates and includes all prior negotiations, correspondence, agreements or understandings applicable to the 7 i lN60GS41�95l933- 1�a804A -7 -096 matters contained herein; and the Parties agree that there are no commitments, agreements or understandings concerning the subject matter of this Interlocal Agreement that are not contained in this document. Accordingly, the Parties agree that no deviation from the terms hereof shall be predicated upon any prior representations or agreements whether oral or written It is further agreed that no change, amendment, alteration or modification in the terms and conditions contained herein shall be effective unless contained in a written document executed with the same formality and of equal dignity herewith by all Parties to this Interlocal Agreement. Section 224-7. Assignment. The respective obligations of the Parties set forth in this Interlocal Agreement shall not be assigned, in whole or in part, without the written consent of the other Parties hereto. Section 2348. Records. The Parties shall each maintain their own respective records and documents associated with this Interlocal Agreement in accordance with the requirements for records retention set forth in Chapter 119, Florida Statutes. Section 244-9. Governing Law and Venue. This Interlocal Agreement shall be governed, construed and controlled according to the laws of the State of Florida. Venue for any claim, objection or dispute arising out of the terms of this Interlocal Agreement shall be proper exclusively in Miami -Dade County, Florida. Section 252-0. Severability. In the event a portion of this Interlocal Agreement is found by a court of competent jurisdiction to be invalid, the remaining provisions shall continue to be effective. Section 26, Third Party Beneficiaries. This Interlocal Agreement is solely for the4 benefit of the Parties and no right or cause of action shall accrue upon or by reason, to or for the benefit of any third party not a formal party to this Agreement. Nothing in the Agreement expressed or implied is intended or shall be construed to confer upon any person or corporation other than the Parties any right, remedy, or claims under or by reason of this Interlocal Agreement or any of the provisions or conditions of this Agreement; and all of the provisions, representations, covenants, and conditions contained in this Agreement shall inure to the sole benefit of and shall be binding upon the Parties2l. EffectNe- -Date- and - Joinder -by- District— phis4nterloc- akAgreement shall beGemie-effe e,,.unnn the exam Linn by }ho Du�ioW hereto I} is agreed hat upon r� s t. `r� °9'z'" the f armatoon- ef4he- Distrin}�.e- ect,the District shall }hereafter iein-thii c. In }erinr.nl Anreemen} and that the DiStF*Gt shall thereafter nterlesai Agreerx►ent as i# it were an e, 1PzJyerete,-------- - - - - -- - - - - - - - - - - - - - - - - - Section 27. Effective Date. This Interlocal Agreement shall become effective upon the execution by the Parties hereto and recordation in the public records of the applicable county. 9 [Remainder of page intentionally left blank.] E IN WITNESS WHEREOF, the Parties hereto have made and executed this Interlocal Agreement on this day of N120122044. ATTEST: BY: Town Clerk (Affix Town Sea]) Approved by Town Attorney as to form and legal sufficiency TOWN OF CUTLER BAY, a municipal corporation of the State of Florida BY: 10 Town Manager Town Attorney RESOLUTION NO. 244043058 A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, SUPPORTING THE PROPOSED GREEN CORRIDOR LEGISLATION; TRANSMITTING THIS RESOLUTION TO CERTAIN PUBLIC OFFICIALS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of South. Miami finds climate change to be one of the most serious issues facing our planet today; and WHEREAS, the City Commission continues to be deeply concerned about the adverse effects of climate change and the future health and well -being of not only our planet, but our community as well;-and WHEREAS, the City Commission is similarly concerned with the continued dependence of the United States and the State of Florida on conventional energy sources, whose use has been scientifically proven to contribute significantly to the threat of climate change;- and WHEREAS, the City Commission recognizes the importance of encouraging the expansion of the use of renewable energy sources in order to diversify the state's energy supplies, reduce dependence on foreign oil, and mitigate the effects of climate change; and WHEREAS, the City would like -to encourage the increased use, of renewable energy sources by its residents, but one of the most significant impediments to the purchase by home owners of products that produce energy from renewable sources, and solar panels in particular, is the upfront cost associated with those devices; and WHEREAS, the City supports the ereation'of a voluntary special assessment program that provides a local governing entity or entities the authority to finance the installation of renewable energy sources that are permanently fixed to real property, thereby eliminating the primary impediment to the purchase of devices that produce renewable energy; and WHEREAS, the City further supports the creation of special assessment districts to be named Green Corridors that care consist of a single municipality or several municipalities, a single county or several counties, or any other combination thereof; and WHEREAS, these Green Corridors would be able to utilize the special assessment process to facilitate the financing and installation of renewable energy sources to be permanently attached to previously developed, private lots or parcels; and WHEREAS, the City Commission supports the proposed legislation that would create the Green Corridor program, attached hereto as Exhibit "A "; and Pg. 2 of Res. No. 244043058 WHEREAS, the Mayor and City Commission believe that it is in the best interest of the health safety, and welfare of residents of the City for the state of Florida to create a Green Corridor program. NO'076', THEREFORE, BE IT RE' SOLVIED BY TI-MI MA'J'OR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, AS FOLLOWS* Sects 9,0.citals.• The above recitals are true and correct and are incorporated herein: by this reference. Section 2, Suport. The Mayor and City Commission hereby support legislation that would create a special assessment program which would assist in the financing of renewable energy producing devices in substantially the form attached hereto as Exhibit "A" Section 33. TransnuttaL That the City Cleric is hereby directed to transmit electronic copies of this Resolution to the Governor of the State of Florida, the President of the Florida Senate, the Speaker of the Florida House of Representatives, any Members of the Florida House of Representatives or Florida Senate intrflducing legislation in accordance with the terms of this Resolution, and the Mayors and Members of the governing bodies of the municipalities within Miami -Dade County, Section 4. Effective Date. This resolution shall take effect immediately upon adoption. PASSED and ADOPTED this 261" day of January, 2010. ATTES'T': ' CITY CLE APPROVED: COMMISSION VOTE: 5 -0 APPROVED O FORM: Mayor Feliu: Yea Vice Mayor Beasley: Yea Commissioner Newman.: Yea ATTORNEY Commissioner Sellars: Yea Commissioner Palmer.: Yea 2 Exhibit "A" Amendment to SB Insert at Line Section 1. Section 171.01, Florida Statutes, is amended to read: 170.01 Authority for providing improvements and levying and collecting special assessments against property benefited. -- (4) The Legislature of the State of Florida recognizes the importance of encouraging the expansion of the use of renewable energy sources in order to diversify the state's energy supplies, reduce dependence on foreign oil, and mitigate the effects of climate change. The Legislature declares that a public purpose will be served by a special assessment program that provides a local governing entity or entities the authority to finance the installation of renewable energy sources that are permanently_ fixed to real property. (a) As used in this subsection, the term: I. "Green Corridor" means a special assessment district composed of a single municipality or several municipalities, a single county or several counties, or any other combination thereof that is created to facilitate the financing: and installation of renewable energy sources. 2. "Green Corridor Council" means the governing body of a Green Corridor that mu levy and collect special assessments against property benefited by the installation of renewable energy sources to the property of the individually affected property owners. (b) LEGISLATIVE INTENT. - -It is the intent of this act to encourage the creation of special assessment districts to be named Green Corridors that can consist of a single municipality or several municipalities, a side county or several counties, or any other combination thereof. A Green Corridor utilizes, the special assessment process to facilitate the financing and installation of renewable energy sources to be permanently attached to previously developed, private lots or parcels. The Green Corridor program is to be used in conjunction with the programs described in part III of chapter 377; Florida Statues, entitled, "Renewable Energy and Green Government Programs" 0 A Green Corridor may be created pursuant to section 4(a), subiect to the approval, b a majority vote of the governing body each participating public entity, of an interlocal agreement that sets forth the terms and conditions of the Green Corridor and the selection of a Green Corridor Council to oversee the creation and operation of the Green Corridor. (d) Individual property owners residing within public entities that have chosen to participate in the Green Corridor may voluntarily opt to participate in the Green Corridor. Individual property owners can not be compelled to participate in the Green Corridor program. ' Words striAen are deletions, words underline . are additions. (e) The Green Corridor Council, subject to the voluntary approval of the individually affected property owners, may levy and collect special assessments against property benefited by the installation of renewable energy sources to the property of the individually affected property owners, for the purpose of reducing the he dependence of the benefited propeqy on non - renewable energy sources increasing the benefited property's value and reducing the carbon emissions from the use of those non - renewable energy sources which adversely impact the climate. TITLE AMENDMENT Insert at ; amending s. 170.01 F.S. to create Green Corridors and provide for the imposition of special assessments on homeowners that voluntarily approve of the addition of renewable energy sources to their property; RESOLUTION 145-11-13459 A Resolution adopting an Interlocal Agreement between the City and other municipalities relating to the Green Corridor Property Assessment Clean Energy (PACE) District; authorizing the City Manager to take any and all steps documents to carry resolution. WHEREAS, the City 10 -13058 dated January District legislation, wl necessary to execute the necessary out the intent and purpose of this of.South Miami adopted Resolution No. 24- 26, 2010 supporting the Green Corridor zich is a PACE program; and WHEREAS, the City Commission desires to enter into an agreement with other municipalities in order to provide for the upfront financing for qualifying improvements as provided for in Section 163.08, Florida Statutes, and WHEREAS, the City Commission finds that this resolution is in the best interest and welfare of the residents of the City. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND THE CITY OF SOUTH MIAMI, FLORIDA, AS FOLLOWS: Section 1. Recitals. The above recitals are true and correct and are incorporated herein by this reference. Section 2. Adoption of Interlocal Agreement, The City Commission hereby approves the Interlocal Agreement between the City of South Miami and other municipalities, in substantially the form attached hereto as Exhibit "A," relating to the Green Corridor PACE District. Section 3. Authorization. The City Manager is hereby authorized to take any and all steps necessary to execute the necessary documents to carry out the intent and purpose of this Resolution. Section 4. Effective Date. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this Eth , day of Sap± Pmhpr , 20111 Page 1 of 2 Res. No. 145-11-13459 ATTEST: APPROVED, COMMISSION VOTE: 5 -0 Mayor Stoddard: yea Vice Mayor Newman: Yea Commissioner Beasley: Yea Commissioner Palmer: Yea Commissioner Harris: Yea Page 2 of 2 INTERLOCAL AGREEMENT BETWEEN THE TOWN OF CUTLER BAY, FLORIDA, AND This Interlocal Agreement is entered into. between the Town of Cutler Bay, Florida, a Florida municipal corporation, hereinafter referred to as "Cutler Bay;" and cTrw, ��� `� ` Florida, a 'Florida' municipal corporation, hereinafter referred to as the "City B; " referred to as the "City C;"" and Florida, a Florida -municipal corporation, hereinafter :and the Green Corridor Property Assessment Clean' Energy (PACE) District, hereinafter referred to as the "District. RECITALS WHEREAS, Section 163.01,.Fiorida Statutes, the "Florida Interlocal Cooperation Act of 1969," authorizes local government units.to enter into interlocal agreements for. the mutual benefit of governmental units; and WHEREAS, Section 163.01 (7), Florida Statutes,. allows for. the creation of a "separate legal entity" constituted pursuant to =the terms of the interlocal agreement to carry out the purposes of the - interlocal agreement for the mutual benefit of the governmental units; and WHEREAS, Cutler Bay, City B, and City C desire to enter into an interlocal agreement for establishment of the District as a separate legal entity (Collectively, the "Parties "); and WHEREAS, Section 166.021,. Florida Statutes; authorizes Cutler Bay, City B and City C to exercise any power for municipal purposes, except when • expressly prohibited by law; and WHEREAS, Section 163.08, Florida Statutes, provides that a "local government," defined as a county, municipality or a dependent special district as defined in Section 189.403, Florida Statutes, may finance energy related "qualifying improvements" through voluntary assessments; and 1 G: \CB \Ordinances Resolutions\COMPLETBOrd Res Exhibits\Resolutions\201 1\1 1-35 PACE Inlerlocalv1.DOC WHEREAS, Section 163.08,. Florida. Statutes, provides that improved property that has been retrofitted with energy - related qualifying improvements receives the special benefit of alleviating the property's burden from energy consumption and assists in the fulfillment of the state's energy and hurricane mitigation policies: and WHEREAS, Section 163:08(5), Florida Statutes, provides that local governments may enter into a partnership with one or more local governments for the purpose of providing.and financing qualifying improvements; and WHEREAS, the Parties to this Interlocal Agreement have expressed a desire to enter into this Interlocal Agreement in order to authorize the establishment of the District as a means of implementing and financing a qualifying improvements program for energy conservation and efficiency improvements within the District; and WHEREAS, Cutler Bay, City B and City C have determined that it is necessary and appropriate to create the District and to clarify various obligations for future cooperation between Cutler Ray, City B and City C related to the financing of qualifying improvements within the District; and WHEREAS, Cutler Bay; City B and City C have determined that it shall serve the public interest to enter into this Interlocal Agreement to make the most efficient .use of their powers by enabling them to cooperate on a basis of mutual advantage to provide for the financing of qualifying improvements within the District. NOW, THEREFORE, in consideration of the-terms and conditions, promises and covenants hereinafter set forth, the Parties agree as follows: Section 1. Recitals Incorporated. . The above recitals are true and correct and incorporated herein. Section 2.. Purpose. The purpose of this Interlocal Agreement is to consent to and authorize the creation of the District, pursuant to Section 163.08, Florida Statutes in order to facilitate the financing of qualifying improvements for property owners within the District. The District shall be a separate legal entity, pursuant to Section 163.01, Florida Statutes. Section 3. Qualifying Improvements. The District shall allow the financing of qualifying improvements as defined in Section 163.08, Florida Statutes, Section 4. Enabling Ordinance or Resolution. The Parties to this Interlocal Agreement agree to approve.and keep in effect such resolutions and' ordinances as may be necessary to approve, create and maintain the District. ` Said ordinances and resolutions shall include all of the provisions as provided for in Sections 163.01 and 163.08, Florida Statutes, for the creation of a partnership between local governments as a separate" legal` entity. The District shall be created' upon the execution of this Interlocal Agreement by the Parties hereto and the adoption of an ordinance %or resolution of support by the Parties establishing the District. Additional local governments may join in and enter into this Interlocal Agreement by approval of the 2 GAMOrdinances Resolutions\COMPLETMOrd Res Exhfbits\ResoIufons\201 1 11 1 -35 PACE InterlocaM-DOC Board (as defined in Section '6 below), execution of this Interlocal Agreement and adoption of an ordinance or resolution of support establishing the District. Section 5. District Boundaries. The boundaries of the District shall be the legal boundaries of the local governments that are Parties to this Interlocal Agreement. As contemplated in this . Interlocal Agreement, the District will assist* the local governments in levying voluntary assessments on the benefitted properties within the boundaries of the District to help finance the costs of qualifying improvements for those individual properties. Upon petition by the landowners of individual properties desiring to be benefited, those properties receiving financing for qualifying improvements shall be assessed from time to time, in accordance with the applicable law. Notwithstanding a local government's termination of participation within this Interlocal Agreement, those properties that have received financing for qualifying improvements shall continue to be a part of the District, until such time that all outstanding debt has been satisfied. Section 6. Governing Board of the District. The District shall be governed by a governing board of the District (the "Board, ") which shall be comprised of current elected officials of the Parties to this Interlocal. Agreement and one 'at large member. The maximum number of members of the Board serving at any given time shall be no more than seven (7) and the minimum number of members shall be not less than three (3). The initial Board which shall serve for an initial four (4) year term and shall consist of one (1) representative(s) appointed by Cutler Bay, one (1) representative(s) appointed by City B, and one (1) representative(s) appointed by City C. The initial at large member of the Board shall be appointed by a majority vote of the Board at its first regularly scheduled meeting. All subsequent renewal terms shall be for four (4) years. Following the initial Board appointments, the Parties to this Interlocal Agreement shall nominate appointees to be elected to the Board by current sitting Board members. In the event a Board member loses his or her elected seat, that Party to this Interlocal Agreement' shall appoint a replacement elected official to fulfill the remaining term of that member. The Board's administrative duties sha.il include all duties necessary for the conduct of the Board's business and the exercise of the powers of the District as provided in Section 11. Section 7. Decisions of the Board. Decisions of the Board shall be made by majority vote of the Board. The Board may adopt rules of procedure. In the absence of the adoption of such rules of procedure, the fundamental parliamentary procedures of Roberts Rules of Order shall apply. Section 81 District Staff and Attorney. serve as the staff to the District. In addition, serve as the counsel to the District. The Partie of Cutler Bay, as. their authorized agent for authorized by the Board. After the District has may choose to hire different District staff'and /or The Town Manager of Cutler Bay shall the Town Attorney for Cutler Bay shall s agree to designate the Town Manager purposes of signing any agreements been operating for two years, the Board Attorney, Section 9. Authorized Official. The Parties agree to each identify a local official or designee of the respective Party who is authorized to enter into a financing 3 G:\CMOrdinances Resolutions \COMPLETE\Ord Res Exhibits \Resolutions \2011 \11 -35 PACE Interi6calv1 DOC agreement, pursuant to Section 163.08(8), Florida Statutes, with property owner(s) who obtain financing through the District. Section:.10, Procurement. The Parties agree and understand that the initial procurement for a Third Party Administrator will be performed by the Town of Cutler Bay in accordance,with its adopted procurement procedures. Upon the Town of Cutler Bay selecting the Third Party Administrator (TPA), the Town will enter into an agreement with the TPA, which will be subsequently assigned to the District. Section 11. Powers of the District. The District shall exercise any or all of the powers granted under Sections 163.01 and 163.08, Florida Statutes, as may be amended from time to time, which include, without limitation, the following: a. b. G. d. e. To finance qualifying improvements within the District boundaries; In its own name to make and enter into contracts; To employ agencies, employees, or consultants; To acquire, construct, manage, maintain, or operate buildings, works, or Improvements; To acquire, hold, or dispose of property,; f. To incur debts, liabilities, or obligations which do not constitute the debts, liabilities, or obligations of any of the Parties to this Interlocal Agreement; g. To adopt resolutions and policies prescribing the powers, duties, and functions of the officers -of the District, the conduct, of- the business of the 'District, and the maintenance of records and documents of the District; h. iV To maintain an office at such place or places as it may designate within the District or within the boundaries of a Party to this Interlocal Agreement;.- To cooperate with or contract with other governmental agencies as may be necessary, convenient, incidental, or proper in connection with any of the powers, duties, or purposes authorized by Section 163.08, Florida Statutes, and to accept funding from local and state agencies; - To exercise all powers necessary, connection with any of the powers Section 163.08,. Florida Statutes;. and convenient, incidental, or proper in , duties, or purposes authorized in k. To apply for, request, receive and accept gifts, grants, or assistance funds from any lawful source to support. any . activity authorized under this Agreement. . M GAMOrdinances Resolutions \COMPLEMOrd Res Exhibits\Resolutions 120111111 -35 PACE InterlocalvI DOG Section 12, Quarterly Reports. A quarterly report of the District shall be completed in accordance with generally accepted Government Auditing Standards by an independent certified public accountant. At a minimum, the quarterly report shall include a balance sheet, statement of revenues, expenditures and changes in fund equity and combining statements prepared in accordance with generally accepted accounting principles. All records such as, but not limited to, construction, financial, correspondence, instructions, memoranda, bid estimate sheets, proposal documentation, back charge documentation, canceled checks, reports and other related records produced and maintained by the District, its employees and consultants shall be deemed public records, and shall be-made available for audit, review or copying by a Party to this Interlocal Agreement upon reasonable notice. Section 13. Term, This Interlocal Agreement shall remain in full force and effect from the date of its execution; provided, however, that any Party may terminate its involvement in the District and its participation in this Interlocal Agreement upon ten (10) days' written notice to the other Parties. Should a Party terminate its participation in this Interlocal Agreement, be dissolved, abolished, or otherwise cease to exist, the District and this Interlocal Agreement shall continue until such time as all remaining Parties agree to terminate. Section 14. Consent. This Interlocal Agreement and any required resolution or ordinance of an individual Party shall be considered the Parties' consent to the creation of the District as required by Sections 163.01 and 163.08, Florida Statutes, Section 15, Liability. The Parties hereto shall each be individually , and separately liable and responsible for the actions of its officers, agents and employees in the performance of their respective obligations under this Interlocal Agreement. Except as specified herein, the Parties shall each individually defend any action or proceeding brought against their respective agency pursuant to this Interlocal Agreement and shall be individually responsible for all of their respective costs, attorneys' fees, expenses and liabilities incurred as a result of any such claims, demands, suits, actions, damages and causes of action, including the investigation or the defense thereof, and from and against any orders, judgments or decrees which may be entered as a result thereof. For any action or proceeding brought against the District pursuant to this Interlocal Agreement, the Parties shall each contribute pro rata for all costs, attorneys' fees, expenses and liabilities incurred as a result of any such claims, demands., suits, actions, damages and causes of action, including the investigation or the defense thereof, and from and against any orders, judgments or decrees which may be entered as a result thereof. The Parties shall each individually maintain throughout the term of this Interlocal Agreement any and all applicable insurance coverage required by Florida law for governmental entities. Section 16. Notices. Any notices to be given hereunder shall be in writing and shall be deemed to have been given if sent by hand delivery, recognized overnight courier (such as Federal Express), or it must be given by written certified U.S. mail, with return receipt requested, addressed to the Party for whom it is intended, at the place 5 G: \CB \Ordinances ResoIu0ons\CO.MPLETE \Ord Res Exhibits\ResolutionsMl 1\1 1-35 PACE InterlocalO DOC specified. For the present, the Parties designate the following as the respective places for notice purposes: If to Cutler Bay: With. a Copy to: If to City B: If to City. C: Town Manager Town of Cutler Bay 10720 Caribbean Boulevard, Suite 105 Town of Cutler Bay, Florida 33189 Weiss Serota Helfman Pastoriza Cole & Boniske, P.L. 2525 Ponce de Leon Boulevard Suite 700 Coral Gables, Florida 33134 Section 13. Amendments. It is further agreed that no modification, amendment or alteration in the terms or conditions herein shall be effective unless contained in a written document executed by the Parties hereto and the District. Section 14, Filing. It is agreed that this Interiocal Agreement shall be filed with the Clerk of the Circuit Court of Miami -Dade County, *as required by Section 163.01 (11), Florida Statutes.. Section 15, Joint Effort.` The preparation of this Interlocal Agreement has been a joint effort of the Parties hereto and the resulting document shall not; solely` as a matter of judicial construction, be construed more severely against one of the. Parties than the other. Section 16. Merger: This Interlocal Agreement incorporates and includes all prior negotiations, correspondence, agreements or understandings applicable to the no GAMOrdinances Resoiufions =MPLETE \Ord Res Exhibits \Resolutions \2011111 -35 PACE InteriocaM.DOC matters contained herein; and the Parties agree that there are no commitments, agreements or understandings concerning the subject matter of this Interlocal Agreement that are not contained in this document. Accordingly, the Parties agree that no deviation from the terms hereof shall be predicated'upon any�prior representations or agreements whether oral or written It is further..agreed that no change, amendment, alteration or modification in the terms and conditions contained herein shall be effective unless contained in a written document executed.. With..fthe. same formality and of equal dignity herewith by all Parties to this Interlocal Agree'meni•,; Section 17, Assignment. The respective•,obligations of the Parties set forth in this Interlocal Agreement shall not be assigned, 11 whole or n.:.part, without the written consent of the other Parties hereto. Section 18. Records. . The Parties .shall each maintain their own respective records and documents associated with this Interlocal Agreement. in accordance with the requirements for records retention set forth in Chapter 1.19, Florida Statutes, Section 19, Governing Law and Venue. This Interlocal Agreement shall be governed, construed and controlled according to the laws of the State of Florida. Venue for any claim, objection or dispute arising out of the terms of this Interlocal Agreement shall be proper exclusively in Miami -Dade County, Florida. Section 20. Severability. In the event a portion of this Interlocal Agreement is found by a court of competent jurisdiction to be invalid, the is provisions shall continue to be effective. Section 21. Effective Date and Joinder by District. This Interlocal Agreement shall became effective upon the execution by the Parties hereto. It is agreed that, upon the formation of the District, the District shall thereafter join this Interlocal Agreement and that the District shall thereafter be deemed a Party to this Interlocal Agreement as if it were an original Party thereto. [Remainder of page intentionally left blank.] 7 G: \MOrdinances Resolutions \COMPLETE \Ord Res Exhibits \Resolutions \2019\11 -35 PACE InterlocalvI DOC IN WITNESS. WHEREOF, the Parties hereto have made and executed this Interlocal Agreement on this L day of Sjbc- &cam , 2011. ATTEST: BY: Town Cleric 0 e X4;1 (Affix Town Seal) Approved by Town Attorney as to fohn and legal sufficiency V BY: OF CUTLER BAY on of tl�e Staff Manager Town-Attorney a municipal G: \CB \Ordinances Resolutions \COMPLEMOrd Res Exhibits\Resolutions \2011\11 -35 PACE Interlocalvi,DOC