FLORIDA PACE FUNDING AGENCY

1. FLORIDA PACE FUNDING AGENCY Delivered by SAIC

2. FLORIDA PACE FUNDING AGENCYDeliveredby SAIC • What is PACE? • Property Assessed Clean Energy • Allows for the cost of Qualified Improvements to be repaid through a Special Assessment on the property tax bill. Energy Efficiency Renewable Energy Energy Audit Wind Resistance

3. FLORIDA PACE FUNDING AGENCYDelivered by SAIC • Who is the Florida PACE Funding Agency? • An independent government • agency • Created in June 2011 • Issue up to $2.0 billion in Bonds • Implement a state-wide platform • Limit the liability of Counties & Cities • Professional program and financial • management • • Tallahassee

4. FLORIDA PACE FUNDING AGENCYDelivered by SAIC • Stakeholders • Agency • Cheryl L. Grieb~Board Member • Barbara S. Revels ~ Board Member • Edward Marquez ~ Board Member • Mike Steigerwald~ Executive Director • Don Smalwood~ General Counsel • Bryant Miller Olive P.A. ~ Special & Bond Counsel • Financial Advisors • PFM Group • First Southwest • Southeastern Investment Securities • Third-Party Administrator • SAIC • Financial Service Provider ~ TBD

5. FLORIDA PACE FUNDING AGENCYDelivered by SAIC • What is the Government's Role? • Indentify pressing public needs • Build consensus • Indentify resources that are sustainable • Optimize cost/benefit with minimum public risk • Create conditions to allow for market integration • Monitor and adjust

6. FLORIDA PACE FUNDING AGENCYDelivered by SAIC • What is the Agency's Mission? • To provide simplified, no cost access to the standardized implementation, planning, development, funding, financing, marketing and management of a statewide PACE financing platform to all counties.

7. FLORIDA PACE FUNDING AGENCYDelivered by SAIC • How Do I Participate? • Subscription Agreements • Inter-local agreement • Uniform state-wide approach • Better ability to attract capital • No financial obligations • Lower cost to implement • Limited liabilities • Agency administers program • Special assessment tax bill process * The Agency will not provide its services within the boundaries of any local government that does not desire and request to cooperatively enter into a subscription agreement.

8. FLORIDA PACE FUNDING AGENCYDelivered by SAIC • Specifically… • Agree to Participate • Samples of all documentation are available from the Agency now. • Approve Resolution • Provides that the Subscription Agreement is hereby approved. • Subscription Agreement between Local Govt. & Agency. • Expressly authorizing the Agency to provide its services. • Expressly provides that the Agency may assist in providing qualifying Improvements to property owners. • Develop financing agreements between Agency & Property Owner • Causes non-ad valorem assessment only on subject property. • Remittance of special assessment proceeds to the Agency on annual basis.

9. FLORIDA PACE FUNDING AGENCYDelivered by SAIC • Qualified Improvements • Energy conservation and efficiency improvements for efficient use of electric, natural gas, propane and other forms of energy including but not limited to: • Air sealing & Installation of insulation. • Energy-efficient heating, cooling or ventilation systems & components systems. • Building modification to increase the use of daylight. • Replacement of windows. • Installation of energy controls or energy recovery systems. • Installation of electric vehicle charging equipment. • Installation of efficient lighting equipment. • Renewable energy improvements in which electrical, mechanical, or thermal energy is produced using the following fuels: • Hydrogen Biomass • Wind Solar Energy • Geothermal Energy

10. FLORIDA PACE FUNDING AGENCYDelivered by SAIC • Who is Eligible to Participate? • Residential • Multi-Family Rental • Common Ownership: Coming Soon • Commercial • Industrial • Private Healthcare • Private Educational • Agriculture • Taxable Governmental

11. FLORIDA PACE FUNDING AGENCYDelivered by SAIC • Underwriting Criteria? • Applicant must be the Property Owner. • Qualified Improvement is less than 20% of “just” property value. • Property tax payments current during last 3 years. • Mortgage payments current and no delinquencies during last 3 years. • No outstanding liens on the property. • Contractor is state licensed and on approved list. • Proposed improvement is a qualified improvement. • Complete cost proposal from the contractor. • Notice to mortgagor of the impending special assessment.

12. FLORIDA PACE FUNDING AGENCYDelivered by SAIC • County Benefits • No financial obligation to the County…significant benefit to property owners; tax collection fees are reimbursable. • Agency handles all administration and marketing; County can participate. • One program...common program rules across all participants…maximum transparency. • Best loan terms available. • Cooperating relationships with IOU, Municipal and Coop utilities to secure available capital cost rebates. • Technical assistance available through the third party administrator, SAIC.

13. FLORIDA PACE FUNDING AGENCYDelivered by SAIC • How Do I Get Started? • Don’t let energy savings and jobs creation in your county get delayed…TIME = $$$ • Speak to one of the FPFA staff to schedule an in-depth presentation. • Take a thumb drive of standardized subscription documents.