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Agenda 07/11/2017 Item #16A22Proposed Agenda Changes Board of County Commissioners Meeting July 11, 2017 Move Item 17C to Item 9B and revise title to read: Recommendation to adopt an ordinance to establish a pilot program in Immokalee allowing the payment of impact fees by an installment program, as a voluntary alternative to paying the fees in a single, up -front payment with a delayed effective date of October 1, 2017. (Commissioner Taylor’s request) Move Item 16A24 to Item 11G: Recommendation to approve a resolution establishing the Property Assessment Clean Energy (PACE) program within the unincorporated areas of Collier County for residential, commercial, and industrial properties and approve a standard form membership agreement with PACE providers. (Commissioner Taylor’s request) Move Item 16A21 to Item 11H: Recommendation to approve a resolution that approves a membership agreement between Collier County and the Green Corridor Property Assessment Clean Energy District to administer a Property Assessed Clean Energy (PACE) program within the unincorporated area of Collier County, an indemnification agreement between Collier County and Ygrene Energy Fund Florida LLC third party administrator, and the original interlocal agreement and authorize the chairman of the Board of County Commissioners to sign these agreements. (Commissioner Taylor’s request) Move Item 16A22 to Item 11I: Recommendation to approve a resolution that approves a membership agreement between Collier County and the Florida Green Finance Authority to administer a Property Assessed Clean Energy (PACE) program within the unincorporated area of Collier County, an indemnification agreement between Collier County and Renew Financial Group LLC, third party administrator, and authorize the chairman of the Board of County Commissioners to sign these agreements. (Commissioner Taylor’s request) Move Item 16A23 to Item 11J: Recommendation to approve a resolution that approves a membership agreement between Collier County and the Florida Resiliency and Energy District, a Property Assessment Clean Energy District, to administer a Property Assessed Clean Energy (PACE) program within the unincorporated area of Collier County, an indemnification agreement between Collier County and Renovate America Inc., third party administrator, an indemnification agreement between Collier County and Florida Development Finance Corporation, an administrator, and authorize the chairman of the Board of County Commissioners to sign these agreements. (Commissioner Taylor’s request) Withdraw Item 16F2: Recommendation to approve the First Amendment to the Fiscal Year 2017 Agreement between Economic Incubators, Inc. and the Board of County Commissioners to provide start up and operational funding for the Florida Culinary Accelerator @ Immokalee and authorize a budget amendment of $137,965. (Staff’s request) Withdraw Item 16G1: Recommendation to approve a Collier County Airport Authority Standard Form Lease and Addendum with Economic Incubators, Inc. at the Immokalee Regional Airport. (Staff’s request) Note: Item 16A9 title should read: Recommendation to approve and execute a Local Agency Program Agreement with the Florida Department of Transportation in which Collier County would be reimbursed up to $1,024,273 for the construction and construction engineering inspection (CEI) of turn lane extensions and restriping at the intersections of Pine Ridge Road and Logan Boulevard, and Pine Ridge Road and CR 31(Airport - Pulling Road) and to authorize the necessary budget amendment (Project # 33524), FPN 435176-1- FPN 433176-1/58/68. (County Attorney’s request) Item 16D2 title should read: Recommendation to award Invitation to Bid No. 17-7139 to Infinite Construction, LLC, for the Ann Olesky Park Pier Replacement, in the amount of $437,736.94, plus $5,000 for County permitting fees for a total of $442,736.94, and authorize the necessary budget amendment, and make a finding that this expenditure promotes tourism. (Staff’s request) Time Certain Items: Item 8A to be heard at 1:30 p.m. Item 10A will be heard after Item 7-Public Comment 7/20/2017 11:21 AM 07/11/2017 EXECUTIVE SUMMARY Recommendation to approve a resolution that approves a membership agreement between Collier County and the Florida Green Finance Authority to administer a Property Assessed Clean Energy (PACE) program within the unincorporated area of Collier County, an indemnification agreement between Collier County and Renew Financial Group LLC, third party administrator, and authorize the chairman of the Board of County Commissioners to sign these agreements. OBJECTIVE: To approve a resolution that approves a membership agreement with the Florida Green Finance Authority (“FGFA”), a Property Assessed Clean Energy (PACE) program provider, and an indemnification agreement between Collier County and Renew Financial Group LLC ("Renew"), third party administrator. CONSIDERATIONS: In 2010, the State of Florida passed its PACE enabling statute, F.S. Section 163.08, in an effort to promote energy efficiency, renewable energy, and wind resistance/hardening measures for residential and commercial buildings throughout the State of Florida. PACE financing is a land-secured assessment that property owners voluntarily undertake in order to secure 100% upfront financing, of a qualifying improvement, which includes fees and interest over the term of the PACE assessment. PACE loans are unique in that they take priority over other traditional liens, regardless of the date the prior liens were recorded, and utilize the uniform method of collection through the local tax collector for repayment. On June 8, 2010, the PACE program was originally considered by the Board of County Commissioners (Item 9A). The Board ultimately determined not to move forward with the program since the PACE program faced many legal challenges, including the Florida’s Bankers Association challenging the constitutionality of the program. On October 15, 2015, the Florida Supreme Court upheld the constitutionality of the PACE statute and the local government’s authority to issue bonds to finance qualifying improvements. On November 15, 2016, staff provided the Board of County Commissioners with an overview of the program (Item 11A). The Board showed interest in the program and directed staff to develop a resolution for further consideration that adopts a third-party administered PACE program for residential and commercial properties. On April 11, 2017, the Board of County Commissioners directed staff to provide additional information and an overview of the PACE program for further consideration (Item 11A). On April 25, 2017, the Board of County Commissioners directed staff to move forward with the program and develop a resolution and bring forward agreements with potential providers that wish to administer a third-party administered PACE program for residential, commercial, and industrial properties (Item 11A). County staff has been in communication with multiple PACE providers, who are requesting that staff bring the program forward as a viable option for property owners to fund improvements that they would not otherwise qualify for through conventional methods. Pursuant to Board direction the intent of this item is to seek approval to authorize the chairman of the Board of County Commissioners to sign an agreement between Collier County and Florida Green Finance Authority to administer a property assessed clean energy (PACE) program within the unincorporated area 07/11/2017 of Collier County, and an indemnification agreement between Collier County and Renew Financial Group LLC, third party administrator for Florida Green Finance Authority. Staff will continue to work with any additional providers/third party administrators seeking to operate within Collier County. In accordance with Section 163.01(7), each membership agreement will be brought back to the Board for consideration for each PACE provider/third party administrator that would like to operate and offer PACE financing in Collier County. FISCAL IMPACT: There is no anticipated fiscal impact to the County as a result of the actions described in this Executive Summary. The Agreements with Florida Green Finance Authority and Renew Financial Group LLC, third party administrator for Florida Green Finance Authority, for a PACE program, include terms that would allow the County to exercise provisions to offset any unforeseen costs by administrative fees that could be established and approved by the Board through separate action, if necessary. LEGAL CONSIDERATIONS: This item is approved as to form and legality, and requires a majority vote for approval. (HFAC) GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this action. RECOMMENDATION: To approve a resolution that approves a membership agreement with the Florida Green Finance Authority, a Property Assessed Clean Energy (PACE) program provider, and an indemnification agreement between Collier County and Renew Financial Group LLC, third party administrator for the Florida Green Finance Authority, and authorize the chairman the Board of County Commissioners to sign these agreements. Prepared By: Gino Santabarbara, Principal Planner, Capital Project Planning, Impact Fees and Program Management Division ATTACHMENT(S) 1. Second Amended and Restated Interlocal Agreement Full (PDF) 2. Resolution - 070317 (PDF) 07/11/2017 COLLIER COUNTY Board of County Commissioners Item Number: 16.A.22 Doc ID: 3444 Item Summary: Recommendation to approve a resolution that approves a membership agreement between Collier County and the Florida Green Finance Authority to administer a Property Assessed Clean Energy (PACE) program within the unincorporated area of Collier County, an indemnification agreement between Collier County and Renew Financial Group LLC, third party administrator, and authorize the chairman of the Board of County Commissioners to sign these agreements. Meeting Date: 07/11/2017 Prepared by: Title: Senior Grants and Housing Coordinator – Capital Project Planning, Impact Fees, and Program Management Name: Gino Santabarbara 06/27/2017 10:19 PM Submitted by: Title: Division Director - IF, CPP & PM – Capital Project Planning, Impact Fees, and Program Management Name: Amy Patterson 06/27/2017 10:19 PM Approved By: Review: Growth Management Department Judy Puig Level 1 Division Reviewer Completed 06/28/2017 8:17 AM Capital Project Planning, Impact Fees, and Program Management Amy Patterson Additional Reviewer Completed 06/28/2017 9:31 AM Growth Management Department Gino Santabarbara Level 2 Division Administrator Skipped 06/27/2017 10:13 PM Growth Management Department Kenneth Kovensky Additional Reviewer Completed 06/28/2017 10:43 AM Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 06/28/2017 1:39 PM County Attorney's Office Heidi Ashton-Cicko Additional Reviewer Completed 07/05/2017 11:04 AM Budget and Management Office Mark Isackson Additional Reviewer Completed 07/05/2017 11:34 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 07/05/2017 3:03 PM County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 07/05/2017 4:05 PM Board of County Commissioners MaryJo Brock Meeting Pending 07/11/2017 9:00 AM SECOND AMENDED AND REST A TED INTERLOCAL AGREEMENT FORMING THE FLORIDA GREEN FINANCE AUTHORITY This Interlocal Agreement (th e "Agreement") is entered into between th e To w n of Lantana, Florida, a Florida muni c ipal corporation ("Lantana") the Town of Mangonia Park, Florida, a Florida municipal corporation , ("Mangonia Park") (togethe r th e "Originatin g Parti es") and those additional cities and counties tha t ha ve and he reafter execute a Party Membership Agreement as defined herein, (the "Additional Parti es ") and that a ltogether comprise the Florida Green Finance Authority (the "Authority"). RECITALS WHEREAS, Section 163.0 1, F.S., t he "Florida Interlocal Cooperatio n Act of 1969 ," authorizes local government units to enter into interlocal agreements for their mutual bene fit; and WHEREAS, Lantana and Mangonia Park w ith the Additional Parties desire to enter into this Interlocal Agreement in ord er to establ ish the Florida Green Finance A uthority a s a me a n s of implementing and finan cin g a quali fy in g improvem ents program for energy conser vation and e ffici e ncy improvem e nt s, and to provide additional services consi ste nt with law; and WHEREAS, Section 16 3 .08 , F.S., provides that a local government m ay finance "qualifyi ng improvements ," including th e typ e of improveme nts sou ght to be provided through this Agreement , v ia the levy and collection of voluntary non-ad valorem assessm ents on improved prope1iy; and WHEREAS, Sections 170 .0 1, and 170 .20 1, F.S. provide for suppl e m ental and alternative methods of making local municipal improvem ents, incl uding the t ype of "qualifying improvements" sought to b e prov ided by thi s Agreement; and WHEREAS, pursuant to Sections 16 3.08 , 170.0 1, and 170.2 01 , F .S. and this Agr ee m ent, La ntana has created a "qualifying improvements" program entitled "RenewP ACE"; and WHEREAS, Section 16 3.01 (7), F .S ., allows for th e creation of a "separate le gal or administrative entity" to carry out the purposes of an interloca l agreement for the mutua l benefit of the governmental units, and provide for paiiies to the agreement to administer the agreement; and WHEREAS , pursuant to Section 16 3 .01(4), F.S. a publi c agency of this state may exercise jointly wi th any other public agency of the s tate, any power, privilege or authority w hich such agenc ie s share in common a nd which each might exercise separately, and th e Parties to thi s Agreement have legi s lative authority over property within their juri sdi ctional boundaries; and WHEREAS, Section 166 .02 1, F .S., authorizes muni c ipaliti es to exercise an y power for municipal purposes , except when expr essly prohibited b y l aw, and Section 125.0 1 F.S . grant s counties the power to carry on count y government to the extent not incons istent w ith general or special Jaw; and WHEREAS, Section 163.08 , F.S., prov id es that property retrofitted w ith energy-related "qualifying impro vements" r eceive s a special benefit from reduced energy consumption, benefits from the reduced potential for wind damage and assists in the fulfillment of the state's en ergy and hurricane mitigation policies; and WHEREAS, Lantana and Mangonia Park together with the Additiona l Parties have determined that it is necessary and appropriate to establish various obligations for future cooperation between them se lves and the Authority related to the financing of qualifying improvements within the Authority; and WHEREAS, this Agr eement shall be administered pursuant to t he tem1s and conditions herein ; and WHEREAS, Lantana, Mangonia Park and the Additional Parties have detem1ined that it shall serve the public interest to enter into thi s Agreement to make the most efficient use of their powers by enabling them to cooperate on a basi s of mutual advant age to provide for the financing of qualifying improvements within the Authority. NOW, THEREFORE, in consideration of the tem1s and conditions, promi ses and covenants hereinafter set forth , the Originating Parties agree as follow s: Section 1. Recitals Incorporated. The above recitals are true and correct and are hereby incorporated herein. Section 2. Purpose . The purpose of this Agreement is to provide the mo st economic and efficient means of implementing a financing program for qualifying improvements on property owners' lands within the Authority 's Service Area and to provide additional services consistent with state law . Section 3. Creation of the Authorit y. By execution of thi s Int erlocal Agreement there is hereby created, pursuant to Section 163.01, F.S. and Section 163.08 , F.S., the Florida Green Finance Autho rity ("the Authority"), a separate legal entity and public body with all of the powers and privileges as defined herein. Section 4. Legal Authority/Consent to Serve the Authority. The Authority shall have a ll the powers, privileges and authority as set forth below and as pro v ided by Chapter 163 , F.S., as necessary to accomplish the purposes set forth in this Agreement. By resolution of the governing bodies of the Originating Parties and as subsequently res olved by the Additional Parties, all powers available to the A uthority under this Agreement and general law, including but not limited to , Chapters 125, 163 , 166 , 170, 189 a nd 197, F.S. may be implemented by the Authority within the jurisdictional boundaries of a ll Parties. The Parties do hereby consent and agree to lev y and collect vo luntary non-ad valorem assessments on properties, either individually or collectively through the Authority as permitted by law, as may be more specificall y 2 Section 7. Authority Boundaries and Service Area. The boundarie s of t he Authority shall be the legal boundari es of the local go ve rnments that are Parties to thi s Agreement, which bounda rie s may be limited , ex panded or more s peci fic a ll y designated , in writing w ith notice provided, from time to time by a Party. Thi s i s a lso the Authority 's Service Area. Section 8. Role of the A uthority. As conte mplate d in thi s Agreement, the Authority will uniformly facilitate and assist the Parties with any necessary actions to levy and collect vo lu ntary non-ad valore m assessments, or other legally authorized form of collection, on th e benefitted properti es within the Authority 's Se rvice Area and with securing th e repayment of costs of quali fying improveme nts for those indi vidual properties participatin g in the RenewPACE Program. Upon approval by the Authority of an app li cation by a lando wner desiring to benefit th e ir property, tho se properties recei vi ng financing for Qualifying Improvements shall be assessed from time to time, in accordance with the applicable law and/or financin g doc ument s. Notwithsta nding a local government's tem1ination of parti cipation within this Agreement, tho se properties that have recei ved financin g for Qualifying Improve ments s hall continu e to be a part of th e Authority, until su ch time that all outstanding debt ha s been satisfied and th e special assessments sh a ll continue to be levied until paid in full for the applicab le benefitted propert y . Section 9. Powers of the Authority . The Au thority s hall exerci se an y or all of the powers granted und er Sections 163.01 , and 16 3 .08, F.S., as well as powers, privileges or authorities which each local government might exercise se parate ly, as may be amended from time to time, which include, without limi tation, the follo w in g : a. To finance qualify in g improvements within th e Authority Service Area and to faci litate additional improvements or se rvices co nsiste nt with law; including, but not limited to, acquiring, constructing, managing, maintaining or operating buildings, works or impro vemen ts; b. To make and ente r into contracts in its ow n name; c. To enter into any interlocal agreement as necessary to exercise powers conferred by law; d . To appoint co mmittees to assist with implementation of thi s Agreement; e. To employ agencies, employees, or consultants; f . To acquire , hold , lease or di spose of r eal or personal property; g. To borrow money, incur d e bts , liabilities, or ob li gations which s hall not constitute the debts, lia bilities, or obl igation s of the Originating Parties or any of the Parties to this Agreement; h. To levy and collect assessments, or assist in the l evy and collection of assessments, either as the Authority or on behalf of a Party as permitted by law ; 1. To adopt r esoluti ons and polici es prescribing the powe rs, duties, and functions of the officers of the Authority, the conduct of the bus iness of the Authority, a nd the maintenance of record s and documents of the A uthority ; j . To maintain an office at such place or places as it may desi gnate within the Service A rea of the Authority or within the boundari es of a Paiiy; k. To cooperate w ith or contract w ith other governm ental agencies as may be necessary, convenient, incidental , or proper in co nnection w ith any of the po wers, 4 duties, or purposes authorized b y Section 163.08 , F.S., and to accept fundin g from local and state agenci es; l. To exercise all powers n ecessary , con venient, incidental , or proper in connection with any of th e powers, duties, or purpo ses authorized in Section 16 3.08 , F. S.; m. To create and adopt any and all necessary operating procedures, policies, manuals or by laws; n. To maintain insurance as the Authority d eems appropriate; o. To apply for, r equest, recei ve a nd accept g ifts, grants, or assistance funds from any lawful so urce to s uppo1i any activity authori zed und er this Agreement; and p. To exerci se a ny powers or duties necessary to address carbon or r en ewable ene rgy credits , or any other s imilar co mmodity that may come into exi stence, for th e public benefits of the pro gram. Section 10. A uthority Board. The Authority shall be governed by a seven (7) member Board of Direc tors. Only Partie s , through their go verning bodies, may appoint representati ves to serve as an Authority Board Director. a. Initial Board Compos ition. The Initial Board s hall be comprised of one Director appointed by the govern in g body of each Originating Party plus fi ve (5) additional Directors to be appointed by the governing bodies of Additional Parties that join the A uthority pursuant to paragraph b.1) below. Upon ex piration of their te rms as set fo1ih in subparagraph c. of thi s section, the Initial Board seat s s hall be filled in the manne r set forth below in subparagraph b. of this section. b. Rul es of Appointment. To e ncourage broad geographical and diverse jurisdi ctional repre sentation across the State, the Authority de si re s Directors from lo cal governm e nts both large and s ma ll , including cities and counties representative of the di verse participating r egions from throughout th e State of Florida. To the extent that their applicat ion is practical , in terms of being able to establish a quorum of Directors to conduct Authority business and in t e m1s of the actual breadth of the Authority's Party members hip at any g iven time, the following rules of appointment s hall apply to the selection o f Directors: 1) Geographic Divers it y. To the extent that the Authority has party members in each s uch boundary area, and to the extent practical, one ( 1) Direc tor s hall b e appointed from among the Parties located within the boundaries of each of the five (5) water management districts as defined in Chapter 373 , F.S. Additionally, following the expiration of the Initial Board te m1 limi t, and to the extent practical , no more than three Directors fro m Paiiies located w ithin th e same water managem e nt di stri ct boundary should be seated to se rve at the same time. 2) Population Divers ity . To the ext ent practical , the Board shall include one Director from a Party having a population of 500 ,0 00 or more re s id ent s . To the ex tent practical , the Board shall al so include one Director from a Paiiy ha v in g a population of le ss than 20 ,000 residents. 5 3) City and County Representation. To the extent practical, the Board shall be comprised of Directors representing at least three (3) cities and r ep rese nting at least three (3) counties. 4) Originating Party Directors; At Large Directors. Each Originating Paiiy is entitled to a pennanent Director seat at a ll tim es. In the event that an Originating Party does not appo in t its Director, such seat shall become an "at- large" seat. The Board may include up to two (2) At Large Directors. When an at-large Director seat is established and becomes available, any Party that does not already have a representati ve on th e Board may nominate a representative to be considered for an At Large Director seat. At Large Director seats shall each be fill ed by majority vote of the other five (5) Directors . When se lecting an At Large Director from among the representative nominees, the Board shall consider the geographic, population, and county/m uni cipal factors stated in the Rules of Appointment, together with the Order of Appointment set forth in paragraph b .5) as we ll as any other factors that they believe to be r el evant in order to ach ieve and/or maintain diver s ity on the Board. 5) Order of Appointment. As Additional Parties join the Authority, their governing body r eceives the right (but not the obligation) to appoint a Board member on a "first come-fir st served" basis, within the parameters of paragraphs b.1) through b.4) above. A Paiiy who has a sitting D irector may substitute that Director for another one from that local government jurisd iction any time upon notification to the Authority to serve out the remainder of a term. Each Party's right resets either after expiration of their Board Tenn, or after the Party is g iven the option of appointin g a representative to the Board and chooses not to do so except for the Ori ginating Party Directors as specified in paragraph b.4) .. 6) Expertise of Directors. Parties shall strive to appoint Directors with expertise in finance, administration and/or special assessments. c. Director Term L imits. A ll Board of Director terms s ha ll be three (3) years. However , in the event that successor Directors are not appointed to serve pursuant to the parameter s of paragraphs b.1) thro u g h b.4) above, then the term limi ted Director may serve additional terms until a successor i s appointed at the end of an y such additional term. d . Officers. The Board shall be governed by a Chair, a Vi ce Chair, a Secretary and a Treasurer. The Chair shall preside at meetings of the Authority, an d shall be recognized as head of the Authority for service of process, execution of contracts and other documents as approved by the Authority . The Vice Chair shall act as Chair durin g the absence or disability of the Chair. The Secretary, which officer role may be delegated to a member of Staff, s ha ll keep a ll meeting minutes and a record of all proceedin gs and acts of the Board and shall be respons ible fo r ensuring that Board meetin g minutes are di stributed to a ll Directors and Paiiies in 6 e. a reasonable time period after the subj ect meetin g. The Treasurer, which officer role may be del egated to a membe r of Staff, s hall be responsibl e for managing and presenting the Authority Budget. The Chair and Vice-Chair shall be el ected from the current Board membership and all officer term s shall be set as one (1) year te1111s and s hall commence on October 151 of each year. The Board s ha ll re - organize no later than September 30 for the subsequent fisca l year. Board Powers and Duties . The Authority Board shall act as the governing bod y of the Authority and shall have, in addition to all other powers and duties described herein, the fo llo win g powers and duties: 1) To fix the time, and detennine policies and orders of business for meetings, the place or places at which its meeting shall be held, and as set fo1ih herein, to call and hold special meetings as may b e necessary. 2) To make and pass policies, regu l ations, reso luti ons and orders not incons ist ent with the Constitution of the United States or of th e State of Florida, or the provisions of this Agreement, as may be n ecessary for the governance and management of the affairs of the Authority, for the execution of the power s, ob li gations and respons ibilities vested in the Authority, and for can-ying into effect the provi sions of this Agreement. 3) To adopt bylaws or rules of procedure, or amend tho se initiaH y adopted by the Originating Parties. 4) To fix the location of the principal p lace of business of the Authority and the location of a ll offices maintained thereunder. 5) To create any and all necessary offices in addition to Chair, Vice-Chair, Secretary and Treasurer; to establish the powers, duties and compensation of all employees or contractors; and to require and fi x the amount of all non-ad valorem assessments and/or fees necessar y to operate the RenewP ACE Program. 6) To se lect and employ such emplo yees and executive officers as the Authority Board deems n ecessary or desirable, and to set their compensation and duties. 7) To employ or hire such attorneys as it deems appropriate to provide l egal advice and/or legal services to the Authority, and to employ and hire such other consultants as it deems appropriate through any procedure not inconsistent with law. 8) As applicable and available, nothing herein shall limit the Authority's ability to pursue actions or remedies pursuant to Chapter 120, F.S. f. Re signation. Any Director may resign from service upon prov iding at leas t thirty (30) days written notice pursuant to Section 27 of this Agreement, to the Authority Board Secretary. Su c h notice shall state the date said resignation shall take effect. Additionally, any Authority Board Director who i s absent for three (3) Authority Board meetings w ithin any given year, unless excused by majority vote of the Board, may, at the discretion of the Board, be deemed to have resigned 7 g. from the Authority Board. Any Director who resi g ns s hall be replaced in accordance with the Rules of Appointment set fo1ih in subparagraph (b) above. Any resigning Director s hall imme diately turn over and deliver to the Authority Board Secretary all records, books, documents or other Authority property in their possession or under their control. If extenuating circumstances require appointment of an interim Director necessary to enable the Authority to operate, an interim Director may be appointed by majority vote of the Authority Board until such time as a permanent s u ccessor can be seated. Board Compensation; Expenses. Authority Board Directors, as representatives of the local government Parties to this Agreement, shall serve without compensation. Reasonable travel or Authority-re lated expenses for Authority Board Directors shall be reimbursable as p ermitted by Florida law. Section 11. Meetings of the Authority Board. a. Within thirty (30) calendar days of the creation of the Authority, or sooner if feasib le, the Ori ginating Pai1ies shall hold an organizational meeting to appoint officers and p erform other duties as required under this Agreement. b. There shall be an Annual Meeting of the Authority. The annual s tatements shall be presented, and any other such matter as the Authority Board deems appropriate may be considered. c. The Authority Board shall have regular, noticed, quarterly meetings at such times and places as the Authority Board may d esignate or prescribe. In addition, spec ial meetings may be called, from time to time, by the Authority Board Chair, or by a majority vote of the Authority Board. A minimum of 24 hours notice to the public and all Authority Board Directors shall be gi ven for any special meetings. d. In the absence of s pecific rules of procedure adopted by the Authority Board for the conduct of its meetings, the fundamental principles of parliamentary procedure shall be relied upon for the orderly conduct of all Authority Board meetings. Section 12. Decisions of the Authority Board. A quorum of the Authority Board shall be required to be present at any meeting in order for official action to be take n by the Board. A majority of all Authority Board Directors s hall constitute a quorum. A quorum may be established by both in person attendance and attendance through communications media technology, as allowed by state law, and pursuant to policy adopted by the Board. It is the desire and intent of this Agreement that decisions made by the Authority Board shall be by consensus of the Board. However, if a consensus is not achievable in any pa11icular instance, then a majority vote of the quorum of the Authority Board shall be required to adopt any measure or approve any action, unless otherwise provided herein. Section 13. Authority Staff and Attorney. The Authority 's adm ini strative functions shall be carried out on a day-to-day basis by the Third-Party Administrator and its subcontractors in accordance with the Administration Services Agreement attached as Exh ib it A , as it may be updated and amended from time to time noticed to all Parties to thi s Agreement. The Third- Party Administrator shall be delegated with all duties n ecessary for the conduct of the 8 Authority 's bu si n ess and be delegated with the exercise of th e powers of the Authority as prov ided in Section 16 3.01 and Sectio n 16 3.08 , F.S. The Authority may a-lse hire legal co un sel to serve as its General Counsel. Section 14 . A uthorized Official. The Authority Board Chair or its d es ignee s hall serve as th e local officia l or des ignee who is authori zed to e nter into a financing agreement, purs uant to Section 163.08(8), F .S., with propeiiy owner(s) who obtain financing through the Authority. Section 15. Additional Parties. With the express goal of expanding to offer serv ice s to a ll Florida loca l governments, the Originating Parties to thi s Agreement supp01i and encourage the participation of Add itional Parties a s contemplated herein. Section 16. Funding the Initial Program. Funding for the Authority shall initially be from grant fund s or other funds acquired by the Originating Paiiies and/or Additional Parties. For the initial establi s hment of the Authority, contributions can be made to the Authority a s permitted by law. Section 17. Debts of the Authority are Not Obligations of any Parties. Pursuant to Se ction 163.01 (7), F.S. th e Authority may exerc ise a ll power s in connection with th e authorization , issuance, and sale of bonds or other legally authorized m echani sms of finance. Any d e bts, liabilities, or obligations of the Authority do not constitute debts, li abilities or obligations of the Originating Parties or any Additional P arty to this Agreement. Neither this Agreement nor the bonds issued to furth er the program shall be deemed to constitute a general de bt , liability, or obligation of or a p ledge of the faith and credit of any other Party to this Agreeme nt. The iss uance of bonds as contemplated by this Agreement s hall not directly , indirectly , or contingently obli gate any Party to thi s Agreement to le vy or to ple dge any form of taxation whatsoever therefore, or to m ake any appropriation for th eir payment. Section 18. Annual Budget. a. Prior to the beginning of the Authority 's fi s cal year , the Authority Bo ard w ill adopt a n annual budget. Such budget shall be prepared in the manne r and within th e time period required for th e adoption of a tentative and final budget for s tate governmental agencies purs uant to general law. The Authority's annual budget shall contain an estimate of rece ipts by source and an itemized estimation of expenditures anticipated to be incurred to meet the financial needs and obligations of the Authority. b. The adopted Budget shall be the operating and fi scal guide for the Authority for the ensuing Fiscal Year. c. The Board may from tim e to time amend the Budget at any duly called regular or special meeting . Section 19 . Reports. a. Financial reports: The Authority shall provide financial reports in such f01m and in s uch manner as prescrib ed purs uant to thi s Agr eem ent and Chapter 2 18 , 9 F.S. Both quarterl y a nd ann ua l financial rep011s of the Authority s ha ll be completed in accordance with ge n era ll y accepted Government A uditing St a nd ar ds by an independent certi fied pu bli c acco unta nt. At a minimum, th e quai1erl y and a nnua l reports shall inc lude a ba lance sheet, a state m e nt of revenues, expenditures a nd changes in fund equity a nd combining statements prepared in accordan ce w ith generally accepted account ing p ri nc iples. b. O p erational reports: T he A uthority Board sha ll cause to be made at least once every year a comprehe ns ive repo11 of its operations including a ll matters r e latin g . to fees, cost s, projects finan ced and s ta tu s of a ll fund s and acco unts. c. Audits: The Authority s ha ll be s ubj ect to , and s hall cause to be conducted: (i) a n ind e pendent financial audit and (ii) a n independent p erformance aud it perfonned in accordance w ith ge ne rall y accepted acco unting practi ces and as appli cable b y state law. d. Reports to be public records: All repor ts , as well as supportin g documentation s uch as, but not li m ite d to , constru ction, financial , coffespondence , in structions , m emoranda, bid estimate s heets , proposal documentation, back c harge doc umentation , cance led c h ecks, and other r e late d record s produced an d maintained by th e A uth ority, its employees and con sultants shall be deemed publi c records pursuant t o Chapter 1 19, F.S., and shall be made a v ailabl e for a udit, re vi ew or copyin g by any person upon reasonable notice. Section 20. Bonds. Th e Authority Board is authorized to prov ide, from tim e to time, for the i ssuance of bonds, or other le gally a uthoriz ed form of finance , to pay a ll or part of the cost of q ual ifyin g impro vements in acco rd a nce w it h law. Section 21. Schedul e of Rate s and Fees. a. U p on the cr eati o n of the A utho ri ty as set fo11h in thi s Agreem ent, the Autho ri ty Board sh all establi s h a schedule of rates , fees or oth er charges fo r the purpose of maki ng th e Authority a self-sustain in g district. There s hall not be a ny obligation on the part of the Orig inating Parties or any Ad ditional Pai1ie s for finan ci n g contr ibutions . The Authority s hall not b e authorize d to create o r di stribute a profit. This s ha ll not, ho wever, prevent t he Authority from establi shin g reserves fo r unanticipate d ex penses or for future proj ects in keepi n g w ith sound, prudent and reasonab le operation o f the Program w ithin industry st andards or from fu lfilling a n y other requirem ents im posed by bond financing s, othe r financial o bli gations or law . N or shall this prevent the A uth ori t y from incuffing costs such a s professiona l fees and o ther costs necessary to accomp li sh its purpose. The A uthority Board shall fi x the initial sc h ed ul e of rates, fees or othe r ch arges for the u se of and the serv i ces to o pe rate th e RenewPACE Program to be paid by each participating property o w n er co n s istent with Section 163.08(4), F.S. b. The A utho rit y Board may revise the schedule of rates , fee s or othe r ch arges fr om t im e to time; provided h owever, that such rates, f ees o r charges shall be so fixed and revised so as to prov ide s ums , w hi ch w ith othe r funds available for su ch purposes, sh all be s ufficient at a ll times to p ay the expenses of operating and maintaining the RenewPACE Program. This shall in c lude any re quired r eser ves 10 for such purposes, the principal of and interest on bonds, or other financin g m ethod, as the same s hall become due, and to provide a marg in of safety over and above the total amount of any such payments, and to comply full y w ith any covenants contained in th e proceedings authorizing the is s uance of any bonds or other obli gations of the Authority. c. The rates, fees or other charges set pursuant to this section s hal I be just and equitable and unifotm for users and, where appropriate, may be based upon the si ze and scope of the financial obligation undertaken by a Participating Property Owner. All such rates, fees or charges shall be appli ed in a non-discretionary manner with respect to the Participating Property Owner's geographical location w ithin the Authority 's Service Area. No rates, fees or charges shall be fi xed or subsequently amended under the foregoing provisions until after a public hearing at which all the potential paiiicipants in the Program, and other interested persons, shall have an opportunity to be heard concerning th e proposed rates, fees or other charges. Notice of s uch public hearing setting forth the propo sed schedul e or schedules of rates , fees or other charges shall be provided in accordance with Chapter 163 and Chapter 197, F.S. d. The Authority shall charge and collect such rates, fee s or other charges so fixed or revised, and such rates, fees and other charges s hall not be subject to the supervisi on or regulation by any other commission, board, bureau, agency or other political subdivision or agency of the county or state. e. In the event that any assessed fees , rates or other charges for the servi ces and financing provided by the Authority to Participating Property Owners shal l not be paid as and when due, any unpaid balance thereof, and a ll interest accruing thereon, shall be a li en on any parcel or property affected or improved thereby. Pursuant to Section 163.08(8), F.S., s uch li en shall constitute a lien of equal dignity to county taxes and assessments from the date of recordation. In the event that any such fee , rate or charge shal I not be paid as and when due and shall be in default for thirty (3 0) days or more, the unpaid balance thereo1: and all interest accrued thereon, together with attorney's fees and costs, may b e recovered by the Authority in a civi l action, and any such lien and accrued interest may be foreclosed and otherwise enforced by the Authorit y by action or suit in e quity as for the foreclosure of a mortgage on real property. Section 22. Disbursements . Disb urs ements made on behalf of the Authority shall b e made by checks drawn on the accounts of the Authority. Section 23. Procurement; Program Implementation and Admin is tration. The Authority sh all be administered and operated by a Third Party Administrator ("TPA") who shall be respons ible for providing services to the Authority for the design, implementation and administration of the Renew PACE Program. The Originating Parties and all Additional Parties understand and acknowl edge, and the Town of Lantana represents and wanants that, the procurem e nt for the initial TPA was performed in accordance w ith its adopted procurement procedures. Pursuant to said procurement procedures, "EcoCity Partners, L3C" was hired as the TP A. The "Florida Green E nergy Works Program A dministration Services Agreement" between Lantana and EcoCity Partners, L3C is attached hereto as Exhibit 1 and i s hereby incorporated by 11 reference. The initi a l F lorida Green Energ y Works Program Administration Se rvices Agreement, as amended, was assigned by the Authority to Renewable Funding LLC on March 10, 2016 .. Section 24. Term. This Interlocal Agreement s hall remain in full force and effect from the date of its execution by the Originating Parties until su ch time as there is unanimous agreement of the Authority Board to dissolve the Authority. No twith standing the foregoing , di sso lution of the Authority cannot occur unless and until any and all outstanding obligations are repaid ; provided , however, that any Party may term inate its in volvement and its participation in this Interlocal Agreement upon thirty (30) days' written n o ti ce to the other Parties. Should a Party te1minate its participation in this Interloca l Agreement, be dissolved, abo li s hed , or otherwise cease to exist, this Interlocal Agreement shall continue until s uch time as all remaining Patiies agree to dissolve the Authority and all special assessments levied upon Patiicipating Property Owners prope1iies have been paid in full. Section 25. Consent. The execution of this Inter lo cal Agreement, as a uthori zed by the government body of the Origin~ting Pariies and any Additional Pmiy shall be co n sidered the Parties' consent to the creation of the Authority as required by Sections 163.01 and 163.08, F.S. Section 26. Limits of Liability. a. All of the privileges and immunities from liability and exemptions from law, ordinances and rul es which apply to municipalities and counties of this s tate pursuant to Florida law shall equally apply to the Authority. Likewise, all of the privileges and immunities from liability; exemptions from laws, ordinances and rules which apply t o the activity of officers, agents, or employees of counti es and municipalities of this state pursuant to Florida law shall equally apply to the officers, agents or employees of the Authority. b. The Originating Parties and all Additional Pmiies to this Agreement shall each be individually and separatel y liable and responsible for the actions of their own officers, agents and employees in the performance of the ir re specti ve obligations under this Agreement purs uant to Chapters 768 and 163, F.S . and any other applicable law. The Parties may not be held jointly or severall y liable for the actions of officer or employees of the Authority or by any other action by the Authority or another member of the Authority and the Authority shall be solely liable for the actions of its officers, employees or agen t s to the extent of the waiver of soverei gn immunity or limitation on liability provided by Chapter 768, F.S. Except as may b e otherwise specified herein, the Pa1iies shall each individually defend any action or proceeding brought against their respective agency under this Agreement, and they 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 invest igation or the defense thereof, and from an d against any orders, judgments or decrees which may be entered as a result thereof. The Parties shall each individually maintain throu ghout the term of this Agreement any and a ll applicable insurance coverage required by Florida law for 12 Section 31. Merger, Amendments . This Agreem e nt incorporates and includes all prior neg otia tions, correspond en ce, agreem e nts or under standings app li ca bl e to th e m atters co nta in ed her e in; and the Parties agree that th ere ar e no commi tme nts, a greements o r und erstandings con cerning th e s ubj ect matter of thi s Agreement that are no t co ntained in thi s document. Accordin g ly, the Parties agree that no deviation from the t erms hereof sha ll b e pr edi cat ed upo n any prior r epre sentation s or a gr eements w h eth er oral or written. It is furth e r agreed that no cha nge, amendme nt , alteration or modification in the t erms and conditio ns contained in thi s Interlocal Agreement s hall b e e ffecti ve unless contained in a w ritten docum e nt that is ratified o r approved by at le ast seventy -fi ve (75%) of the Parties to thi s Interloca l Agreem ent, whi ch ratification or approval s hall be expressed in wri tin g by s u ch Party and delivered to th e Authority in a form upon w hi ch the A uthority can rely, and the A uthority has m ade a fin ding to that effect in the manner specifie d in Section 12 of thi s lnterlocal Agreement. Section 32. Ass ignment. The respective obligation s of the Pa11ies set forth i n this Inter local Agreement s ha ll not be a ssigned , in whole or in part, w ithout the written consent of the other Parties h ereto. Section 33. Records . The Pa rti es shall each maintain t heir own r es pective re cords and documents associate d w ith thi s Interlo cal A g ree m ent in accordance with th e requirements for records retention set forth in F lorida l aw. Section 34. Compliance with Laws. In the perfomrnnce of this Agree ment, the Parties hereto s hall comply in all material respects with all applicable federal and state laws and regulations and all applicable county and munic ipal ordinances and r egulations. Section 35. Governing Law and Venue. Thi s Interlocal Agreeme nt s hall b e governed , construed and controlled according to th e laws of the State of Florida. Venue for any claim, objection or di sp ute ari sing out of the terms of thi s lnte rlocal Agreement s hall be proper exclu s ively in P a lm Beach County , Florida. Section 36. Severability. In the event a p01iion of this Interloca l Agreement is found by a court of competent jurisdiction to be invalid , the remaining p rovi s ions s h a ll c ontinue to be e ffecti ve to the exte nt possible. Section 37. Effecti ve Date and Joinder b y A utho rity . This Int erl ocal A gr eement s ha ll become effective upo n its execution b y the Originating Parties. It is agreed t hat, upon the formation of the A uthority, the Authority s hall thereafter join thi s Inte rlocal Agreement and that the Authority s hall thereafter be deemed a P arty to thi s Interlocal Agreement. Section 38. No Third Party Ri ghts. No provis ion in this Agreement shall provide to any person that is not a party to thi s A gr eement any remedy, claim, or cau se of action, or create any third-party b eneficiary ri ghts agains t any Party to thi s Agreement. Section 39. Access a nd Audits . Pa lm Beach County has establi s h ed the Office of In spector General in Article VIII of the Chm1er of Palm B each County, as may be a me nded, w hich i s authorized and empower ed to review past, present and proposed county or municipal 14 contracts, tran sactions, accounts a n d records. The In s pector General has the power to subpo ena w itnesses, admini ster oath s and re quire the production of re cord s, and a udit, invest igate, monitor, and inspect t he activities of Palm Beach County, its officers, agents, employees, and lobby ists , as well as the activ iti es of a ll municipalities in the county, and their officers, agents, emp loyees, and lobbyi st s , in order to ensure compli ance w ith contract requ irements a nd detect corruption and fraud . Fai lu re to cooperate wi th the Inspector General or interference or impedin g any investi gation s hall be in violati on of Chapter 2, A1iicle X III of the Palm B each County Code of Ordi nances. [Remainde r of page intentionall y le ft blank.] 15 AMENDED AND REST A TED FLORIDA GREEN ENERGY WORKS PROGRAM ADMINISTRATION SERVICES AGREEMENT THIS AMENDED AND RESTATED FLORIDA GREEN ENERGY WORKS PROGRAM ADMINISTRATION SERVICES AGREEMENT ("Agreement"), effective as of June 1, 2015 (the "Effective Date"), is entered into by and between the Florida Green Finance Authority ("Authority") and EcoCity Partners, L3C, a Vermont low-profit limited liability company (''Administrator") (Au thority and Administrator are referred to herein collectively as the "Parties" and singly as a "Party"). WHEREAS, the Town of Lantana and Administrator originally entered into that certain Florida Clean Energy and Climate Commission Grant Agreement #ARS053 dated July 26, 2011 (the "Grant Agreement"), which was assigned by the Town of Lantana to the Authority, and assumed from the Town of Lantana by the Authority, and amended by that certain Florida Green Energy Works Program Agreement and Addendum to Grant Agreement dated as of April 2, 2012 , as further amended by Addendum #2 on April 17, 2012, and as further amended by Addendum #3 on Apiil 22, 2013 (the "Agreement"); and ,vHEREAS, the parties hereto agree that the Agreement is amended as restated herein and that this Amendment shall be incorporated into and supersede the Agreement, shall be made a part thereof, and to the extent of any conflict with the Agreement, shall s upersede same. NOW, THERE.FORE, in consideration of the mutual covenants set forth herein, the par1ies agree as follows : Agreement I. Restatement; Assignment. This Agreement shall become effective upon execution by the Town and the Administrator. It amends , restates and replaces the Existing Agreement i n its entirety except the assignment of the Agreement by the Town to the Authority, and assumption of the Agreement by the Authority from the Town, shall remain in effect. 2 . Term; Renewal. The tenn of this Agreement (the "Initial Tenn") sball be a period of five (5) years from the Effective Date. At the expiration of the Initial Tenn and any Renewal Tenn, the Agreement sha11 automatical1y be renewed for an additional five (5) year period(s) (each, a "Renewal Term" and, together with the Initial Term, the "Term") unless terminated earlier as provided in Section 7. 3 . Services. (a) Scope of Services. Administrator has been engaged to design, implement and administer the Program, and Administrator shall perfonn the services described in Exhibit A attached hereto and made a part hereof (the "Services"). The Services shall be provided to the Autho1ity for purposes of assisting the local governments that are parties to the hlterlocal Agreement ("Members") with financing of qualifying improvements authorized by the PACE Act (hereinafter "Qualifying Improvements"). Administrator shall have the express authority to represent the Authority in contract negotiations with local governments and shall have all necessary powers and duties to carry out its obligations consistent with this Agreement. (b) Standards of Service. Work under th is Agreement shall be perfmmed only by competent personnel under the supervision of Administrator. Such right to employ vendors includes the right to engage a provider to offer residential PACE administrative services consi stent with this agreement, as it may be amended from time to time. Administrator shall commit adequate resources to develop and implement and the Program and perform the Services as required by this Agreement. The Administrator shall exercise the same degree of care, skill and diligence in the perfonnance of the Services as that ordinarily provided by an administrator under similar circumstances. Work, equipment or materials that do not confonn to the requirements of this Agreement, or to the requirements of law, may be rejected by the Authority by written notice to Administrator and in such case shall be replaced promptly by Administrator following notice and explanation of applicable requirements from the Authority, unless Administrator provides a bona fide objection to the rejection notice. The Administrator has a material obligation to maintain these reasonable standards of service; failure to do so may constitute an Event of Default pursuant to Section 7(a)(i) of this Agreement." (c) Additional Service Providers . Administrator shall be permitted , in its sole discretion, to use and employ vendors, underwriters, providers, consultants, advisors or counsel in the development and administration of the Program or the provision of the Services. A current list of subcontractors is attached as Exhibit B . Administrator shall be responsible for all work performed by any other parties engaged by Administrator related to the Services, (d) Compliance with Laws: Binding Agreement. The Administrator hereby wa1Tants and represents that at all times during the term of this Agreement it shall maintain in good standing all required licenses, certifications and permits required under federal , state and local laws applicable to and necessary to perform the Services as an independent contractor. Administrator represents that it is authorized to do business in the State of Florida. The execution, delivery and performance of this Agreement by Administrator has been duly authorized, and this Agreement is binding on Administrator and enforceable against Administrator in accordance with its terms . No consent of any other person or entity to such execution, delivery and perfonnance is required. (e) No Exclusive Engagement: Conflicts of Interest. Nothing in this Agreement shall prevent Administrator from performing similar Services in other jurisdictions, either within or outside the State of Florida. So long as Administrator fulfills its obligations to provide the Services, Administrator, its sub consultants or any other provider, vendor, consultant, underwriter, or third party used or employed by Administrator, is permitted, individually or collectively, to advance without conflict any other PACE Program, or assist any other PACE Program sponsor, and that there is and shall be no objection by the Authority to such actions. The Administrator agrees that neither it nor its sub consultants shall represent any persons or entities in any action before the Authority, or before any Member of the Authority concerning implementation of the Program. (f) Independent Administrator. Administrator and any agent or employee of Administrator shall be deemed at all times to be an independent contractor and not an employee, pat1ner, agent, joint ventur e or principal of the Authority with respect to all of the acts and Services perfonned by and under the terms of this Agreement. Accordingly, neither Party shall have any authority to represent or bind the other. Administrator is wholly responsible for the manner in which it performs the Services and work required under this Agreement. Neither Administrator nor any agent or employee of Administrator shall be entitled to participate in any plans, arrangements or distributions by the Authority or any of its Members pertaining to or in connection with any retirement. health or other benefits the A uthority or ari y of its Members may offer their employees. Administrator is 1iable for the acts and omissions of itself, its employees and agents . Any te1ms in this Agreement referring to instructions from the Authority shall be construed as providing for direction on policy and the results of Administrator's work, but not the means as to which such a result is obtained . The Authority does not retain the right to control the means or method by which Administrator performs the Services. (g) Taxes. Administrator shall be responsible for all obligations and payments, whether imposed by federal, state or local law, including, but not limited to , FICA, income tax withholdings, unempl oyment compensati on, insurance and other similar responsibilities arising from Administrator's business operations . 4 . Responsibilities of Authority. The Authority acknowledges that the Florida law authorizing PACE programs reserves authority and responsibility for establishing the program and executing .financing agreements with property owners to local govenunent. Consequently, the Authority shall timely take the following actions: (a) Authorize and adopt resolutions required to implement the Program; (b) Approve do c uments authorizing the Administrator to commence legal proceedings on behalf of the Authority to validate Program rel ated obligations and to engage counsel for the purpose; (c) Within a reasonable time following submittal by Administrator, execute documents required to implement the Program including, but not limited to , financing or other agreements, obligations or instruments; (d) Other actions reasonably required to be performed by the Authority to facilitate the development, implementation or activities of the PACE Program. 5. Compensation. (a) Program Administration. For Services relating to the prior design and ongoing operation of the Program, and for its performance hereunder, Administrator shall be entitled to impose and collect fees and charges in accordance with the schedule of fees described in Schedule 3 to Exhibit A ("Schedule of Fees"), which the Authority and Administrator may amend from time to time by mutual agreement to ensure the Program is priced to be competitive in the marketplace and all expenses are paid for through Program operation. (b) Payment Does Not Imply Acceptance. The making of any payment by the Authority, or the receipt thereof by Administrator, shall not reduce the liability of Adminis trator to rep]ace any work, equipment or materials which do not conform to the requirements of this Agreement, regardless of whether the unsatisfactory character of such work, equipment or materials was apparent or reasonably detectable at the time payment was made. (c) Additional Service Providers. Administrator shall be solely responsible for all payments to any third party subcontractors, service providers or sub consultants that are engaged b y Administrator to perform any of the Services contempl ated by this Agreement. 6. Ind emnification; Insurance. (a) Indemnification. Administrator shall indemnify and hold harmless the Authority, its member Parties, its officers agents and employees, and shall upon request defend them, from and against any and all demands, claims, losses, sui ts, li ab ili ti es, causes of action , judgment or damages, ari s ing out ot: related to, or in any way coru1ected with Administrator's perfonnance o f this Agreement, including, but not limited t o, liabilities arising from contracts between the A dm inistrator and th ird parties made pursuant to this Agreement. The indemnity obligations provided for in this paragraph shall include reasonable attorneys' fees , but shall exclude any liability resulting from acts of, or failure t o take action by, the Authority, its member Parties, its officers, agents and employees . The Autho1ity shall p romptly notify the Admi n istrat or of any claim giving rise to a right to indemnity and shall fully cooperate with the Administrator in defense of such claims. So long as the Administrator has agreed that the Authority is entitled to i ndemni ficatio n , the Administrator shall have the ri ght to control the defense of th e claim, including, without limitation, the right to designate counsel and to select a single co unsel to jointly represent the interests of the Authority and the Administrator (unless an actual present conflict would preclude joint representation) and including the right to control all negotiations, 1itigation, arbitration, settlements, compromises, and appeals of the claim . The Authority shall cooperate in defense of any claims and may, but is not required to, retain at i ts cost additional separate counsel to participate in or monitor the defense of the claim by Administrator. This Section 6(a) shall survive tennination of this Agreement. (b) Insurance. Without in any was limiting Administrator's liability pursuant to Section 7(a) above, Administrator shall maintain in force, throughout the Term, insurance with the following coverages: 1. Worker's Compensation insurance .in the amount required by law; ii. Commercial General Liability Insurance with limits of not less than $1 million per occurrence Combined Single Limit for Bodily Injury and Property Damage, including Contractual Liability, Personal Injury, Products and Completed Operations; 111. Commercial Automobile Liability Insurance with limits of not less than $1 million per occurrence Combi ned Single Limit for Bodily Injury and Property Damage, including Owned, Non-Owned and Hired auto coverage, as applicable; and 1v . Professional liability insurance with limits of not less than $1 million per claim with respect to negligent acts, errors or omissions in connection with professional services to be provided und er this Agreement. (c) Required Provisions. All insurance required under this Agreement shall be maintained with reputable companies authorized to do business in the State of Florida. The liability insurance required under this Section 6 shall (i) name the Authority as an additional insured, (ii) provide that such policy is primary insurance to any other insurance available to the additional insureds, with respect to any claims arising out of this Agreement, and (iii) apply separately to each insured against whom a claim is made or a suit is brought. Upon request, Administrator shall deliver a certificate of insurance to the Authority confirming the existence of the insurance required by this Agreement. 7. Default: Tennination. (a) Events of Default. Each of the following shall constitute an event of default ("Event of Default") under this Agreement: 1. Either Party fails or refuses to perform or observe any material te1m, covenant or condition contained in any section of this Agreement, and such failure continues for a period of thirty (30) days after receipt of written notice from the non-breaching Party, or such longer period as may be reasonably required for cure, provided the breaching Party commences the cure within thirty (3.0) days and diligently pursues the c ure until completion. 11. Administrator (A) is generally not paying its debts as they become du e, (B) files , or consents by answer or otherwise to the filing against it of: a petition for relief or reorganization or any other petition in banlauptcy or for liquidation or to take advantage of any bankruptcy, insolvency, or other debtors' relief law of any jurisdiction, (C) makes an assignment for the benefit of creditors, or (D) consents to the appointment of a custodian, receiver, trustee or other officer with similar powers over Administrator or any substantial part of Administrator's property. 111 . A court or governmental authority enters an order (A) appointing a custodian, receiver, trustee or other officer with similar powers with respect to Administrator or any substantial part of Administrator's property, (B) constituting an order for relief or approving a petition for relief or reorganization or any other petition in bankruptcy or for liquidation or to take advantage of any bankruptcy, insolvency, or other debtors' relief law of any jurisdiction, or (C) ordering the dissolution, winding-up or liquidation of Administrator. (b) Remedies for Default. Upon the occurrence of any Event of Default, each Paity shall be entitled to proceed at law or in equity to enforce their rights under this Agreement, including, without limi tation, to te1mi11ate this Agreement or to seek specific perfonnance of all or any part of this Agreement. In addition, following the occun-ence of any Ev~nt of Default, foe Authority shall have the option, but no obligation, to cure or cause to b e cured any Event of Default on behalf of Administrator, and in such event Administrator shall pay to the Autho1ity upon written demand all costs and expenses incmTed by the Authority in effecting such cure, with interest thereon from the date the expense is incurred by the Authority at the maximum rate then pennitted by law. The Authority shall h ave the right to offset from any amounts due Administrator under this Agreement or any other Agreement between the Auth01ity and the Administrator all damages, losses, costs and expenses incurred by the Authority as a result of the occurrence of an Event of Default caused by Administrator. (c) Exercise of Remedies. All remedies provided for in this Agreement may be exercised singl y or in combination with any other remedy available hereunder or under applicable law. The exercise of any remedy s hall not be deemed a waiver of any other remedy. (d) Termination for Convenience. 1. Effective Date. Following the Initial Tenn, either party may notify the other of its intent to te1minate the Agreement for any reason by delivering written notice of tennination no later than May 15 of any year during the Term. In such event, the Agreement w ill terminate on August 15 of the year in which the tennination notice is delivered, at which date Adm inistrator shall cease providing the Services. In the event the Authority tenninates the Agreement under the provisions of this paragraph 7(d), Administrator shall be entitled to continue to offer the Services during the transition period so long as (i) Administrator does not approve any projects, completion of which will extend beyond the tennination date; (ii) Administrator provides for ongoing management of asse~sments related to any projects completed under Administrator's auspices; (iii) Administrator continues to provide an of the Services in a professional manner in accordance with the Agreement; (iv) Administrator continues to work in good faith with the Authority to provide a smooth transition for either the tennination of the program or transfer to another administrator. 11. Tennination Fee. In the event of termination for convenience by the Authority, Administrator shall be entitled to a termination fee equal to thirty percent (30%) of the origination fee which would have been received by Administrator pursuant to Schedule l to Exhibit A , had the Agreement not been tenninated, for al I PACE projects funded through the Authority which (i) had completed applications submitted to the Program p1ior to the termination date, (ii) are closed within one ( l) year after the tennination date, and (iii) are identified by Administrator in writing no later than five (5) days after the tennination date .. (e) Termination for Impossibility. ln the event that (i) conditions in U .S. financial markets, (ii) changes in PACE law, or (iii) changes in the Authority's authority to provide assessment lien priority render the PACE Program infeasible, Adminjstrator may suspend the PACE Program for a period ofup to twelve (12) months. Should the Administrator determine at the conclusion of the suspension period that condi tions do not warrant resumption of the program Administrator may request from the Authority an extension of the PACE Program suspension for an additional six (6) months. The Authority may, at its option, grant the extension or instead choose to tenninate the Agreement. (t) Rights and Duties Upon Termination. Upon the expiration or earlier termination of th is Agreement pursuant to this Section, this Agreement shall terminate and be of no further force and effect, except for those provisions which expressly survive termination. Upon expiration or termination, Administrator shall tran sfer to the Authority any records , data, supplies and inventory produced or acquired in connectjon with this Agreement. This subsection shall survive the terminatfon of th e Agreement. 8 . Confidential Information; Ownership and Access to R ecords . (a) Proprietary or Confidential Information . Administrator acknow ledges that, in the performance of the Services or in contemplation thereof, Administrator may have access to private or confidential information which may be owned or controlled by the Authority, and that such information may contain proprietary or confidential details, the disclosure of which to third parties may be damaging to the Autho1ity. Administrator agrees that all information disclosed by Authority to Administrator shall be held in confidence and used only in performance of this Agreement. Administrator shall exercise the same standard of care to protect such information as a reasonably prudent Admjnistrator would use to protect its own proprietary data. (b} Ownership of lnfonnation. The parties acknowledge that all inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports and all similar or related information (whether patentable or not) which are conceived, developed or made by Administrator or Autho1i ty exclusively for the Program during the tenn of this Agreement are deemed to be within the public domain, and subsequently may be used by each party without wrurnnty of any kind. Any artworks, copy, posters, billboards, photographs, videotapes, audiotapes, systems designs, software, reports , diagrams, surveys, blueprints, source codes or any other original works created by Administrator in connection with the Program shall not be deemed to be works for hire. Notwithstanding the foregoing, to the extent that any components used in the Program are developed independently and licensed from third parties, including, without limitation, any software, methods, inventions, processes, logos, brands or data, such components shall not become part of the public domain and the tenns of the applicable Ucense shall prevail. Among other things, the online sustainability tool for green business certification has been licensed from Green Bureau, LLC and use of the service-mark PACE3P® and any related trademarks or service marks have been licensed from Demeter Power Group, Inc. (c) Public Records . All records, books, documents , maps, data , deliverables, papers and financial infom.1ation associated with the Program to be administered b y Administrator (the ''Records") are public records of the Authority and Administrator shall make them available to be inspected and copied upon request by the Authority. Public record requests made pursuant to Chapter 119 , Florida Statutes shall be overseen by the General Counsel to the Authority and process by the Administrator on behalf of the Authority. While the Authority may have a continuing obligation to maintai n the Records , ti1e Administrator is obligated to tum over to the Authority all documents upon termination of the Agreement and remains obligated to suppo rt Public Record requests for a period of three (3) years from the date of termination of this Agreement. The Authority , or its designee, shall , during the tenn of this Agreement and for a period of three (3) years from the date of termination of this Agreement, have access to and the right to examine and audit any of the Records. Refosal .or failure by the Administrator to comply with the requirements of thi s Section or of Chapter 119, Florida Statutes (Public Records) may constitute a material failure giving rise to an Event of Default in accordance with Section 7(a)(i). 9. Miscellaneous. (a) :-Jo ndi s crimination. During the term of this Agreement, Administrator shall not discriminate against any of its employees or applicants for employment, if any, because of their race, age, color, religion, sex, sexual orientation, national origin, marital status, physical or mental disability, or political affiliation and Administrator shall abide by all Federal and State laws regarding no ndiscrimination. Administrator agrees not to discriminate against persons on these grounds in the provi s ion of services, benefits or activities prov ided under the Agreement and further agrees that any violation o f th is prohibition on th e part of the Administrator, its employees, agents or assigns will constitute a material breach of this Agreement. (b) Disabilities. Administrator acknowledges that , pursuant to the Americans with Disa bilities Act ("ADA"), programs, services and other activities provided by a public entity to the public, whether directly or through an Administrator, must be accessible to the disabled public. Administrator shall pro vid e the Services in a manner that complies with the ADA and any and all other applicable federal , state and local disability rights laws. Administrator agrees not to di scriminate against disabled persons in the provision of services, benefits or activities prov id ed under the Agreement and further agrees that any violation of this prohibition on the part of the Administrator, its employees, agents or assigns will constitute a material breach o.f this Agreement. (c) Entire Agreement; Amendment. This Agreement, including the Exhibits hereto, contains the entire agreement of the Parties with respect to its subject matter and supersedes any prior oral or written representations. No representations were made or relied upon by either Party, other than those t hat are expressly set forth herein. No agent, employee, or other representative of either Party is empowered to amend, change, modify, supplement, rescind , terminate or discharge the tenns of this Agreement, except by a WJitten agreement executed by the Parties. (d) Binding Effect; No Third Party Beneficiaries. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, successors and pennitted assigns. This Agreement shall not confer any rigl1ts or remedies upon any person other than the Parties and their respective successors and permitted assigns. (e) Non-waiver. The omission by either Party at any time to enforce any default or right reserved to it, or to require performance of any of the terms , covenants or provisions hereof by the other Party at the time designated, shall not be a waiver of such default or right to which the Party is entitled, nor shall it in any way affect the right of the Party to enforce such provisions thereafter. (f) Severability. If the application of any pro vision of this Agreement to any particular facts or circumstances is found by a court of competent jurisdiction to be invalid or unenforceable, then the validity of other provisions of this Agreement shall not be affected or impaired thereby, and such provision shall be enforced to the maximum extent possible so as to effect the intent of the Parties. (g) Assignment. The Services to be performed by Administrator are personal in character and neither thi s Agreement nor any of the duties or obligations hereunder may be assigned by the Administrator; provided, ho wever, that this Section shall not prohibit the engagement of subcontractors or other third parties to perform any part of the Services. The perfonnance of the Servi c es requires the cooperation and legal authority of the Authority and accordingly the Agreement may not be assigned by the Authority without the prior written consent of Administrator. (h) Governing Law; Venue; Jurisdiction. This Agreement shall be construed in accordance with and governed by the laws of the State of Florida without regard to conflicts of law princi ples. Each Party agrees to personal jurisdiction in any action brought in any court, Federal or State, within the County of Palm Beach, State of Florida having subject matter jurisdiction over the matters arising under this Agreement. Any suit, action or proceeding arising out of or relating to thi 5 Agreement shall only be instituted in the County of Palm Beach, State of Florida. Each Party waives any objection which it may have now or hereafter to t he laying of the venue of such action or proceeding and irrevocably submits to the jurisdiction of any such comt in any such suit, action or proceeding. (i) Attorney's Fees. In the event of any proceedings ansmg out of this Agreement, the prevailing Party shall be entitled to recover its reasonable attorneys fees and costs, including the fees and expenses of any paralegals, law clerks and legal assistants, and including fees and expenses charged for representation at both the trial and appellate level s. U) Jury Trial. In the event of any litigation arising out of this Agreement, each party hereby knowingly, irrevocably, voluntarily and intentionally waives its right to trial by jury. (k) Limitation of Liability. The ob1igations of the Authority shall be limited to the payment of the compensation provided in this Agreement, and cooperation required to facilitate the implementation of the Program. In no event shall any Party to this Agreement shall have any liability for special, consequential, i ncidental or indirect damages, including lost profits, arising out of or in connection with this Agreement or the Services. (1) Days. All references to days in this Agreement shall refer to calendar days unless other expressly provided. In the event any period specified in this Agreement expires on a Saturday, Sunday or another day on which banks are pennitted or required to be closed in the State of Florida, then the pe1iod shall be extended until the next business day. (m) Exhibits. The Exhibits attached hereto are hereby incorporated in and made a part of this Agreement as if set forth in full herein and are an integral part of this Agreement. (n) Counterpaits. This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which, taken together, shall constitute one and the same agreement. ( o) Co nstruction: Interpretation. The Parties have participated equally in the drafting and negotiation of this Agreement and accordingly any n,1Ie of construction, which would construe the terms agreement against the draft are inapplicable. (p) Notices. All notices pennitted or required und er this Agreement shall be in writing and shall be deljvered in person or mailed by first class , registered or certified mail, postage prepaid, to the address of th e party specified below or such other address as either pa1ty may specify in writing. Such notice shall be deemed to have been given upon receipt. If to Autho1ity: Florida Green Finance Authority Attention: Board Chair 500 Greynolds Circle Lantana, Florida 33462 With copy to: Corbett, White, Davis and Ashton 1111 Hypoluxo Road, Suite 207 Lantana, FL 33462 Attention: Keith Davis, Esq . If to Administrator: EcoCity Partners, L3 C 433 Central A venue Suite 209 St. Petersburg, FL 33701 Attn: Florida Green Energy Works Program Manager [Remainder of page intentionally blank.] EXHIBIT A Scope of Third Party Administration Services & Program Fee Schedule SCOPE OF SERVICES & FEES: I. II. Ill. IV. I. Program Administration Services Authority Management Services Ancillary Services Fee Schedule Program Administration Services Program administration services include all tasks necessary to administer the Program on an ongoing and sustainable basis, including processing applications, provid ing customer service and administration, contractor certification, project quali ty assurance and control, management of assessments and payments. Deliverables: 1) Application Processing a) Administrator will conduct the property and project screen to ensure both meet the terms and conditions of the Program . Administrator will comp lete property/project screen within a reasonable period of time from receipt of the application. Administrator will regularly report on applications approved, denied or pending. i) Adm inistrator will install protocols for evaluating applicant properties pre-and post- installation for purposes of establishing a Savings to .Investment Ratio (SIR) greater than one. i i) Administrator will utili ze eligibility and underwriting criteria that complies with State, federal and local law and prudent underwriting standards and that makes financing available to large and sma ll property owners in trad itional as well as underserved markets. b) When funding is requested, Administrator will verify the project installation through review of appropriate documents. Administrator will conduct this review within a reasonabl e period of time fr o m the date that all required documentation is received. c) Once projects are verified, Administrator will notify the Authority and provide the property owner with legal documents. d) Administrator will verify completion of the legal documents after receipt from property owners and will review such documentation within a reasonable period ohime. e J Upon receipt of complete doc uments, Administrator will notify the Authority of an approved funding request and provide the documents necessary to record the lien. Administrator will record the lien on behalf of the 'Authority. t) Once a bond is issued and purchased or some other funding mechanism has been completed, Administrator will disburse funds to the property owner within a reasonable period of time. gJ Administ rator will seek t o establish and implement appropriate procedures and time lines for applications fil e d in paper copy as well as via the web portal. h) The reasonableness of the timelines listed above are subject to revision and specificity by mutual agreement of the Authority and Administrator in conjunction with the establishment and maintenance of program terms and conditions. 2) Program Reporting a) Administrator will provide reports on program application statistics to the Authority on a regular basis. b) Administrator will prepare reports, schedules and documents to support the issuance and underwriting of bond or other fin ancing documents, such as disclosure documents for the IRS, SEC and/or any other regu latory body purposes; cash fl o ws analysis; debt service and repayment projections; substantiation of revenue and expenditure estimates and project costs; verification of cash flows; and project or market feasibility, as needed. 3) Program Documentation a) Administrator will develop a nd m aintain the documents for Program administration, which may include, but not necessarily be limited to, the following: i) Program T erms and Po licies ii) Assessment Underwriting Criteria iii) List of Qualifying Improvements iv) Program Application & Funding Request Forms (1) Application Form (2) Financing Agreement (3) Truth-In-Lending Form (if applicable) (4) Lender Notification & Authorization Form (5) FHFA/FNMA/FMAC PACE Status Disclosure Form (if necessary) (6) Information Verification Form(s) 4) Customer Service: Administrator will provide direct customer service to the community via the web, email, phone and walk-in, as appropriate. II. Authority Management Services District Management Services involve those tasks necessary to help facilitate the relationship between the Authority and local governments and dependent special districts that participate in th e Program. These services may include the following: Deliverables: Administrative and Management Services 1) Attend and conduct all regularly scheduled and special Board meetings, hearings and workshops. Arrange for time and Jocation and all other necessary logis cics for such meetings, hearings , etc . 2) Prepare agenda packages for transmittal to Board members and staff prior to Board meeting. Prepare meeting materials for other meeti ngs, hearings, etc. as needed. 3) Provide accurate minutes for all meetings and hearing s . 4) Other responsibilities include such items as : a. Custody of the Distri ct 's Seal b . Records custodian and records management liai son with State of Florida and other applicable govenunent agencies overseeing the storage of inactive files and destruction of obsolete files. c. Maintaining and safeguarding the minutes of public meetings , Resolutions, contracts and agreements . 5) Ensure compliance with Federal and/or State law affecting the District which include but are not limited to the following: a . Property notic e all public meetings , i11 accordance w ith the appropriate Florida Statutes , including but not limited to, public hearings on assessments , the budget, all other required notices of meetings, hearings and workshops. b . Provide required information to the Department of Community Affairs, the Co unty , the Auditor General, and all other state or local agencies with reporting requi rements for the district. 6) Maintain "Record of Proceedings" for the District, which includes meeting minutes, agreements, resolutions and other records required by law . a. Implement and maintain a document management system to create and save do cuments, and provide for the archiving of district documents. b . Protect integrity of all public records in accordance with the requirements of applicable law. Respond to public record requests as required by law. 7) E n sure Dis trict is in compliance wi th adm.i n.istrative and fi nancial reporting for Special Districts. 8) Assist in negoti a ti ons of contracts, as d irected by the Board. 9) Provi de contract admini stration a nd supervis ion of all contracts, as directed by the Board. l 0) Serve as liaison with County and State agencies, including the Supervisor of Elections, Taxing o ffi cials and the Property Appraisers . 11) Implement th e policies established by the D istri c t. Fina ncial Services 1) Establish Fund Accounting System in accordance with federal and state law as well as Govenm1ent Accounting Standard Board and the Rules of the Auditor General. 2) Prepare regu la r bal ance shee t, income s tatement(s) wi th budget to actual variances . Prepare Publ ic D eposi tor's Report a n d distribute to Stat e. 3) Prepare all other financial repmis as required by applicable law and accounting standards. Budgeting I) Prepare budget, budget resolutions, and backup material for and present the budget at all budget meetings, heatings and workshops. The budget is to be done in accordance with state law standards, and con sistent with applicable Government Finance Officers Association and Government Accounti ng Standard Board sta ndards. Budget p reparation shall include calculation of operati on and maintenance assessments, wh.ich may include development of benefit methodology for those assessments. 2) Administer Adopted Budget of the District. 3) Transmit proposed budget to local governing a u thorities in the requ ired timeframe prior to adoption. 4) File all required documentation with the Department of Revenue, Auditor General, the County, and other governmenta l agencies with jurisdiction. 5) Prepare and cause to be published notices of all budget hearings and workshops. 6) Prepare year-end adjust ing journal entries in preparation for annua l audit by Independent Certified Public Accounting Fim1. 7) Prepare a ll budget amendments on an outgoing basis. 8) Assist in process to retain an a uditor and coop erate and assist in the performance of the audit by th e Independent auditor. Revenue Collection 1) Administer collection and disbursement of assessments, fees, and charges and all revenues of the District in accordance with Florida law governing the unjform method of assessing, levying and collecting special assessment. 2) Recommend enforcement actions to ensure payment as needed. 3) Prepare monthly financial reports showing revenues and expenses for the month in comparison to annual budget, noting variances. 4) Pre pare and refine a property database. 5) Prepare annual assessment roll. Certify ro ll either to the County Ta x Collector, or d irect bill and collect (or both), as appropriate. 6) Issue estoppels letters as needed. Accounts Payable/Receivables 1) Administer the processing, review and payment of all invoices and purchase o rd e rs . Ensure timely payment of di strict bills is made. 2) Repon cash balances by fund . 3) Maintain checking accounts w ith qualified public depository. Capital Program Administration l) Maintain proper capital fund and project funding accounting procedures and record s. 2) Oversee a nd implement bond issue related compliance, i.e., coordination of a1mual arbitrage report , transmittal of a1mual audit and budget to the trustees, transmittal of annual audit and other infonnation to dissemination agent (if other than manager) or directly to bond holders as required by Continuing Disclosure Agreements, annual/quarterly disclosure reporting, update, etc. 3) Prepare annual debt service fund budgets. Work with taxing officials to assure conect application of revenues and proper ro uting of payments to the trustee to assure proper bond debt pay-off. Track and account for debt service payments and prepayments and process debt lien releases. Purchasing 1) Assist in selection of vendors as needed for services, goods, supplies, and materials . 2) Obtain pricing proposals as needed and in accordance with Disttict rules and State law . 3) Prepare RFPs for services needed, including, when requested, preparation of s pecifications and bid documents fo r various professional , construction, and maintenance services. Investment Services 1) A1 1 jnvestments shall be made pursuant to applicab le law and p olicies approved by the Board of Supervisors. 2) Recommend investment polici es and procedures pursuant to State law. 3) Provide fo r investment of funds per approved policies. Risk Management 1) Prepare and follow risk management policies and procedures . 2) Recommend and advise the Board of the appropriate amounts and types of in surance and be responsible for procuring a ll neces sary insurance . 3) Process and assist in the investigation of insurance claims, in coordination with Counsel of the District. 4) Review insurance policies and coverage amounts of Di s trict vendors. III . Ancillary Services The Administrator may develop additional tools a nd programs, as may be appropriate, to facilitate interest and participation in the Program. Administrator will only provide such ancillary services with the advance approval of the Authority, such approval not to be unreasonably withheld. Such ancillary services currently offered by Administrator include development and administration of a green business certification and marketing program for businesses (including those that do not utilize the financing program). Examples of future ancillary services may include, but are not necessarily limited to ; workforce or energy auditor training programs; an online marketplace of green technologies (such as those used in Qualifying Improvements ); a carbon-offset / environmental attribute and marketing program that helps participating prope rty owners lower their environmental impact through a purchase of offsets or environmental attributes or earn a fee for the sale of carbon offsets or environmental attributes that they may own and wish to sell; a rewards program; or any other program or service that furthers the broad goals of the Program. IV. Fee Schedule The Administrator shall be entitled to impose and collect fees and charges intended to sustain the operation of the Program in accordance with prudent financia l management standards. Su ch fees shall include (i) community opt-in fees; (ii) finance program closing fe es; and (iii) ongoing finance program administration fees. From time to time the Authority and the Administrator will evaluate the Program fees to ensure that the Program is priced to be competitive in the marketplace. The initial Schedule of Fees is as set forth in Schedule 1 . Schedule 1 Fee Schedule Fees shall be as set forth in the Program Handbooks, including the Non-Residential PACE Program Handbook and/or the Residential PACE Program Handbook, as may be adopted and am e nded by the Florida Green Finance Auth01ity from time to time. EXHIBIT B CURRENT LIST OF SUBCONTRACTORS & LICENSES Erin L. Deady, P.A. Special District Services, Inc. Demeter Power Group, Inc. Renovate America Current List of Subcontractors Current List of Licenses Demeter Power Group, Inc. d/b/a Demeter Fund (PACE3P ®) Green Bureau, LLC (web-based susta inability tool) EXHIBIT I FGFA ADDENDUM Project Gator -Manager Consent (execution version)_(pa1ib2_7663524_3).D0CX ""~~1'10_ry ADDENDUM #1 TO AMENDED AND RESTATED FLORIDA GREEN ENERGY WORKS PROGRAM ADM INISTRATION SERVICES AGREEMENT This Addendum #1 to the Amended and Restated Florida Green Energy Works Program Administration Services Agreement (this "Addendum") is made and entered into as of the 3rd day of September, 2015 (the "Addendum Effective Date"), by and between by and between the Florida Green Finance Authority ("Authority") and EcoClty Partners, L3C, a Vermont low-profit limited llability company ("Administrator'') (Authority and Administrator are referred to herein collectively as the "Parties" and singly as a "Party"). WHEREAS, the Town of Lantana and Administrator origlnally entered into that certain Florida Clean Energy and Climate Commission Grant Agreement #ARS053 dated July 26, 2011 (the "Grant Agreement''), which was assigned by the Town of Lantana to the Authority, and assumed from the Town of Lantana by the Authority, and amended by that certain Florida Green Energy Works Program Agreement and Addendum to Grant Agreement dated as of April 2, 2012, as further amended by Addendum #2 on April 17, 2012, and as further amended by Addendum #3 on April 22, 2013, and as further amended and restated by that certain Amended and Restated Florida Green Energy Works Program Administration Services Agreement on June 1, 2015 (the "Agreement''); and WHEREAS, the parties hereto agree that the Agreement is amended as stated herein and that this Addendum shall be incorporated into the Agreement and made a part thereof. NOW, THEREFORE, in consideration of the mutual covenants set forth herein, the parties agree as follows: 1. Within Exhibit A, a new Article Ill shall be inserted and existing Article Ill. (Ancillary Services) shall become new Article IV. and existing Article IV. (Fee Schedule) shall become new Article V., which new Article Ill. shall state as follows: Ill. Bond Placement Services and Issuance of Asset-Backed Securities. Administrator will work in good faith to promote a competitive marketplace for PACE financing, including through the issuance of one or more series of revenue bonds (each such series of bonds referred to as a "Series") secured by voluntary contractual assessments levied on commercial and residential real estate parcels (as such term is defined in the Program Handbook), pursuant to a master indenture, as supplemented by one or more supplemental Indentures authorized by a resolution and to be designated as the "Florida Green Finance Authority Special Assessment Revenue Bonds" (the "Bonds"). With prior approval from the Authority, the Administrator may assign to a third party the authority to close and fund the acquisition of Bonds. The Administrator (including its subcontractors and affiliates) shall have and retain the right to purchase the Bonds through a bond purchase agreement. The bond purchase agreement between the Authority and the investor specifies the terms, conditions and prices of the Bonds. From time to time, a purchaser of Florida Green Finance Authority Special Assessment Revenue Bonds may elect at its own expense to securitize its interest in Bonds and sell such securities to the investment community or sell the Bonds. All fees and costs associated with purchaser's issuance of asset-backed securities or selling the Bonds, including costs of issuance and annual disclosure costs, will be borne by the purchaser(s). 2 . Capitalized terms not otherwise defined in this Addendum shall have the same meaning as set forth in the Agreement. This Addendum may be executed in any number of multiple counterparts, each of which shall be deemed an original, but all of which together constitute one and the same instrument. Facsimile signatures will be considered original signatures . Any provision not specifically modified by this Addendum shall remain in full force and effect. t p i;: j ': l':-i :•: i> !·.- ·_·· i. :·:· J·., l i l ·. L i ) . ! f ; ; i · I. I = I : I I ! I I ! I ! ; l I - ! ' !.- i : /:· ;.•: i : i ! > ;-·· ' L: I. 1-. I: i r-; RESOLUTION NO. 2017 - RESOLUTION APPROVING AGREEMENT BETWEEN COLLIER COUNTY AND FLORIDA GREEN FINANCE AUTHORITY FOR PROPERTY ASSESSED CLEAN ENERGY (PACE) WITHIN THE UNINCORPORATED AREA OF COLLIER COUNTY; APPROVING INDEMNIFICATION AGREEMENT BETWEEN COLLIER COUNTY AND RENEW FINANCIAL GROUP LLC FOR THE BENEFIT OF COLLIER COUNTY; AND AUTHORIZING THE CHAIRMAN OF THE BOARD OF COUNTY COMMISSIONERS TO EXECUTE THESE AGREEMENTS. WHEREAS, in Resolution No. , this Board approved the establishment of the PACE program within the unincorporated area of Collier County, and approved a standard form agreement with PACE providers; and WHEREAS, the attached agreements between Collier County and the Florida Green Finance Authority ("Authority") and between Collier County and Renew Financial Group LLC, as the third party administrator for the Authority, have been recommended for approval by the County Manager or County Manager's designee. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that: 1. This Board hereby approves the membership agreement between Collier County and Florida Green Finance Authority (Exhibit A), and the agreement between Collier County and Renew Financial Group LLC, as the third party administrator of Florida Green Finance Authority (Exhibit B), and this Board authorizes the Chairman to execute the above-mentioned agreements. 2. This Board authorizes the Chairman to execute agreements with future administrators of Florida Green Finance Authority, to provide that such future administrator of Florida Green Finance Authority shall indemnify and hold harmless Collier County. BE IT FURTHER RESOLVED that this Resolution be recorded in the minutes of this Board and filed with the County Clerk's Office. [ 17-1 M P-00185/1349041/1149 FL Green Finance Authority Resolution Page 1 of 2 7/3/17 This Resolution adopted after motion, second and majority vote favoring same this day of , 2017. ATTEST: DWIGHT E. BROCK, CLERK , Deputy Clerk Approved as to form and legality: Heidi Ashton-Cicko Managing Assistant County Attorney BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA, M. Penny Taylor, Chairman Attachments: Exhibit A — Membership Agreement Exhibit B — Indemnification Agreement with Third Party Administrator (17-1 M P-00185/1349041/1149 FL Green Finance Authority Resolution Page 2 of 2 7/3/17 Exhibit A STANDARD MEMBERSHIP AGREEMENT BETWEEN THE FLORIDA GREEN FINANCE AUTHORITY AND COLLIER COUNTY This Agreement ("the Agreement") is entered into this day of__ , 2017 by and between the Florida Green Finance Authority, a public body corporate and politic (the "Authority") created as a separate legal entity pursuant to Section 163.01(7), Florida Statutes, and Collier County, a political subdivision of the State of Florida (the "County" or "Collier County") (collectively, the "Parties") for the purpose of providing a Property Assessed Clean Energy ("PACE") program within Unincorporated Collier County. NOW, THEREFORE, in consideration of the terms and conditions, promises and covenants hereinafter set forth, the Parties agree as follows: 1. Purpose. The purpose of this Agreement is to facilitate the financing of qualifying improvements through a PACE program, in accordance with Section 163.08, Florida Statutes, for County property owners within Unincorporated Collier County, including residential, commercial, and industrial properties. 2. Qualifying Improvements. The Authority may provide "Qualifying Improvements" to real property within Unincorporated Collier County, in accordance with Section 163.08, Florida Statutes, and subject to the terms of this Agreement, as well as applicable federal, state, and County law. 3. Financing Agreement. Before extending any financing or subjecting any participating real property within the County, to the non -ad valorem special assessment authorized therein, the Authority shall, on a non-exclusive basis pursuant to the Section 163.08, Florida Statutes and this Agreement, enter into a Financing Agreement with properly owner(s) within Unincorporated Collier County who qualify for financing through the Authority. This Financing Agreement shall include a thorough explanation of the PACE financing process and specify at what point in the process the special assessment will be added to the property's owner's property taxes (after completion of the project(s), permit approval, and approval by the property owner). 4. Assessment by Authority. The Parties acknowledge and agree that the non -ad valorem assessments arising from a property owner's voluntary participation in the PACE Program are imposed by the Authority and not by the County. 5. Agreements with Tax Collector and Property Appraiser. This Agreement shall be subject to the express condition precedent that Authority enter into separate agreement(s) with the tax collector and the property appraiser which shall provide for the assessment and collection of any non -ad valorem special assessments imposed by the Authority and establish Cost Recovery Reimbursements to the Collier County Tax Collector and Collier County Property Appraiser (if any) to be charged for the collection and/or handling of those non -ad valorem assessments. Additionally, the Parties agree that the Property Appraiser's and Tax Collector's assessment, collection, and distribution of any such non -ad valorem assessments imposed by the Authority are purely ministerial acts. 6. Non -Exclusive. The Program is non-exclusive, meaning the County specifically reserves the right to authorize other entities to provide a similar program under Section 163.08, Florida Statutes; or create its own program under Section 163.08; Florida Statutes. 7. Boundaries of for Program. For purposes of the PACE Program authorized by this Agreement, the boundaries of the Authority shall include the legal boundaries of Unincorporated Collier County, which boundaries may be limited, expanded, or more specifically designated from time to time by the County by providing written notice to the Authority. 8. Properties. Within the Unincorporated area of Collier County, residential, commercial, and industrial properties may be eligible. 9. PACE program guidelines and other materials. All PACE materials for use within Unincorporated Collier County, or otherwise related to this Agreement, including but not limited to program guidelines, rules, consumer agreements, consumer financing agreements, and promotional materials, shall be fully consistent with the Collier County Land Development Code, Collier County Code of Laws and Ordinances, and Collier County resolutions, all of which may be amended from time to time, and with this Agreement and applicable federal and state laws. The Authority acknowledges and agrees that PACE materials for use within Unincorporated Collier County, or otherwise related to this Agreement, shall be modified accordingly and reviewed on a continuing basis for consistency with applicable County, state and federal laws. It shall be the obligation of the Authority to establish and maintain such consistency. County shall provide written notice to the Authority of any proposed legislative changes to the PACE program via electronic transmission or US Mail no later than five (5) days prior to the public hearing on the proposed legislative changes. 10. Local program Guidelines. The Parties agree that the County may in the future implement its own local program guidelines or affirmatively modify the program guidelines to be utilized in Unincorporated Collier County. If the County decides to exercise these rights, it shall give sixty (60) days written notice to the Authority. Any such local program guidelines can be amended and changed only by resolution of the Board of County Commissioners. The County may adopt more restrictive guidelines than those of the Authority. Notwithstanding anything stated herein to the contrary, the PACE materials, including the Authority's program guidelines, shall be fully consistent with applicable County, state and federal laws. 11. Prepayment penalties. The Authority shall not charge or impose a prepayment penalty on residential property. To the extent that the Authority may charge or impose prepayment penalties, for commercial and industrial properties, the Authority may not allow or charge any prepayment penalties except in the case when an assessment is paid off in full within five (5) years after the effective date of financing agreement with the property owner. Where the Authority may charge or impose prepayment penalties for commercial and industrial properties, the Authority shall offer and inform property owners of the Authority's hardship exception, for instances where a commercial and industrial property owner becomes disabled or deceased. Any such prepayment penalties, as well as information about the hardship exception, shall be clearly disclosed within all property owner financing agreements and in all PACE materials, including but not limited to program guidelines, program rules, consumer agreements, and consumer informational documents. For commercial and industrial properties, prepayment penalties may be charged or imposed by the Authority to the extent permitted by law. 12. Disclosures. The PACE materials, including but not limited to the Financing Agreement with the property owner, consumer agreement, and program guidelines, shall clearly disclose, in plain language, the fixed interest rate to be charged, including points, as well as any and all fees or penalties, that may be separately charged to the property owner, including prepayment penalties for commercial and industrial properties, and potential late fees. To the extent that additional fees are not specifically disclosed in a written agreement with the properly owner, the subsequent charging or collecting of any such additional fees by the Authority or its agents, administrators, or subcontractors shall be prohibited. The Authority shall place the following sentence or similar language (without the County's logo) on all customer communications and agreements: Please be aware that Collier County government is not operating or administering the PACE program in any way. All contractual PACE agreements are between property owners and the Authority, a non -County entity. All questions and concerns about this PACE Program should therefore be addressed to: [Authority contact / remedy information]. 13. Consumer Assistance. In order to assist those persons who may have difficulty reading or understanding the PACE materials, such as the Financing Agreement, program guidelines and other consumer agreements, the Authority shall provide optional one-on-one assistance regarding the Authority Program, program terms, program process, program documents, and all other pertinent information. Information regarding this option for personal assistance shall be printed in English, Spanish, and Haitian Creole on PACE promotional materials. 14. Disclosures related to lenders. While the Authority will provide required forms for lender notification, the Authority shall make clear that the ultimate responsibility for addressing issues with existing lenders remains with property owners. A statement to this effect should be placed in the PACE materials, including all agreements with the property owner. In addition, the PACE materials, including all agreements with the property owners, shall include a statement that strongly urges the property owner to increase monthly escrow immediately after financing is released. 15. Administrative Fees. The County may impose administrative fees to cover the County's administrative costs related to this Agreement. Such administrative fees may be established by the Collier County Board of County Commissioners, by separate action, and shall be charged to the Authority. The County shall provide written notice to the Authority of any proposed legislative changes to the PACE program via electronic transmission or US Mail no later than five (5) days prior to the public hearing on the proposed legislative changes. 16. Responsibilities of the Authority. The Authority shall be solely responsible for all matters associated with origination, funding, financing, and administration of each of the Authority's authorized non -ad valorem assessments, including responding to any complaints or inquiries by participants, tax certificate holders, lenders or others relating to the special assessments, the financing agreements, the qualifying improvements, or any other aspect of the Program. 17. Survival of Assessments. During the term of this Agreement, the Authority may, on a non- exclusive basis, levy voluntary non -ad valorem special assessments on participating properties within the boundaries of Unincorporated Collier County to help finance the costs of Qualifying Improvements for those individual properties. Those properties receiving financing for Qualifying Improvements shall be assessed from time to time, in accordance with Section 163.08, Florida Statutes, and other applicable law. Notwithstanding termination of this Agreement or notice of a change in boundaries by County as provided for herein, those properties that have received financing for Qualifying Improvements shall continue to be a part of the Authority, until such time that all outstanding debt has been satisfied. 18. Term. This Agreement shall remain in full force and effect from the date of its execution by both Parties. Any Party may terminate this Agreement for convenience upon ninety (90) days prior written notice ("Termination Notice"). Beginning on the date the Authority receives a Termination Notice from the County ("Termination Date"), the Authority shall not approve any new applications affecting property within the legal boundaries of the Unincorporated Collier County referenced in the Termination Notice. Notwithstanding termination of this Agreement, however, property owners whose, applications were approved prior to the Termination Date, and who received funding through the Program, shall continue to be a part of the Authority, for the sole purpose of paying their outstanding debt, until such time that all outstanding debt has been satisfied. 19. Kick -Back Policy. PACE programs shall have and shall strictly enforce anti -kickback policies and procedures that prohibit direct financial or other monetary incentives to contractors in exchange for or related to such contractor being awarded work under a PACE program, excepting payment for the contractor's installation of eligible improvements. 20. Termination for cause. In the event that Collier County determines that the Authority has violated any of the terms of this Agreement, the County shall terminate this Agreement for cause via written notice to the Authority. 21. Consent. This Agreement, together with the resolution by the Collier County Board of County Commissioners approving this Agreement, shall be considered the Parties consent to authorize the Authority within Unincorporated Collier County, as required by Section 163.08, Florida Statutes. 22. County Coordinator. The County Manager or his/her designee shall serve as the County's primary point of contact and coordinator. 23. County Responsibility. Collier County shall have no responsibility for the payment of Authority fees or the Authority's third party administrator fees, of any kind, including but not limited to termination fees, Opt -in fee, maintenance fee, or Opt -out fees. In the event that fees become due, the Authority shall pay any and all associated costs within 30 calendar days. If Authority membership is required, County shall also be a non-voting member of the Authority. 24. Carbon or Similar Credits. In the event that the Financing Agreement or any other PACE agreement with the property owner provides for transfer of any carbon or similar mitigation credits derived from Qualifying improvements to the Authority, any such carbon or similar mitigation credits derived from Unincorporated Collier County, shall be shared in equal parts between the Authority and Collier County. 25. Contingency Plans. In the event that Florida's PACE statute is found to be unlawful, struck down by a court, or if the PACE assessments are determined by a court to not be special assessments, the Authority agrees and acknowledges that Collier County may not be able to place PACE assessments on the tax rolls or collect PACE assessments, and that such a determination shall be made in the sole discretion of Collier County. 26. Bonds. The Authority is not authorized to issue bonds, or any other form of debt, on behalf of Collier County. To the extent that the Authority issues bonds under its own authority in connection with this Agreement, the pledge will be based on the PACE assessments, and the County shall not be obligated in any way. For any such bonds, the bond disclosure document, if any, shall include references to the fact that Collier County is not an obligated party. 27. Opinion of Bond Counsel. Prior to the effective date of this Agreement, the Authority shall deliver to the County an "Opinion of Bond Counsel" stating that, based on counsel's review of the bond validation judgment and the underlying bond documents, the Program's structure complies with the bond validation judgment and the underlying bond documents. The Authority acknowledges that the County is relying on the Opinion of Bond Counsel in its decision to execute this Agreement. 28. Resale or Refinancing of a Property. The Authority recognizes that some lenders may require full repayment of the Program's non -ad valorem assessments upon resale or refinancing of a property. The Authority agrees to provide written disclosure of this matter in all PACE materials, including, but not limited to, the Financing Agreement with the property owner, consumer agreement, program guidelines, and promotional materials. 29. Agents of Authority. The Authority shall ensure that its agents, administrators, subcontractors, successors, and assigns are, at all times, in compliance with the terms of this Agreement and applicable County, state and federal laws. County shall provide written notice to the Authority of any proposed legislative changes to the PACE program via electronic transmission or US Mail no later than five (5) days prior to the public hearing on the proposed legislative changes. 30. 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 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 the Authority: Florida Green Finance Authority ATTN: Todd Wodraska 2501A Burns Road Palm Beach Gardens, FL 33410 If to County: County Manager 3299 Tamiami Trail East, Suite 202 Naples, FL 34112 With a copy to: County Attorney 3299 Tamiami Trail East, Suite 800 Naples, FL 34112 31. Amendments. No modification, amendment or alteration in the terms or conditions contained herein shall be effective unless contained in a written document prepared with the same or similar formality as this agreement and executed by the Collier County Board of County Commissioners and the Authority. 32. Joint Effort. This 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. 33. Merger. This Agreement represents the final and complete understanding of the Parties regarding the subject matter hereof and supersedes all prior and contemporaneous 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 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. 34. Assignment. The respective obligations of the Parties set forth in this Agreement shall not be assigned, in whole or in part, without the written consent of the other Party hereto. 35. Third Party Beneficiaries. Neither the County nor the Authority intends to directly or substantially benefit a third party by this Agreement. Therefore, the Parties acknowledge that there are no third party beneficiaries to this Agreement and that no third party shall be entitled to assert a right or claim against either of them based upon this Agreement. 36. Records. The Parties shall each maintain their own respective records and documents associated with this Agreement in accordance with the requirements for records retention set forth in Chapter 119, Florida Statutes. 37. Severability• In the event a portion of this Agreement is found to be unenforceable by a court of competent jurisdiction, that part shall be deemed severed from this Agreement and the remaining provisions of this Agreement shall remain in full force and effect. 38. Administrator Indemnification. Any and all administrators of the Authority shall be required to execute a separate indemnification agreement with the County. The Authority acknowledges and agrees that as of the execution of this Agreement, Renew Financial Group LLC is the only administrator for the Authority, and that Renew Financial Group LLC has executed the separate indemnification agreement with Collier County for the benefit of the County. If the Authority changes its administrator, the Authority shall ensure that any and all administrators also provide the County with a separate indemnification agreement, on a form to be approved by the County Attorney's Office, within 10 business days of assuming administrative responsibilities for the Authority. 39. Effective Date. This Agreement shall become effective upon the execution by both Parties hereto. 40. Law, Jurisdiction, and Venue. This Agreement shall be interpreted and construed in accordance with and governed by the laws of the state of Florida. The Parties agree that the exclusive venue for any lawsuit arising from, related to, or in connection with this Agreement shall be in the state courts of the Twentieth Judicial Circuit in and for Collier County, Florida, the United States District Court for the Middle District of Florida or United States Bankruptcy Court for the Middle District of Florida, as appropriate. 41. Indemnification. To the maximum extent permitted by Florida law, the Authority shall indemnify and hold harmless Collier County, its officers, agents and employees from any and all claims, liabilities, damages, losses, costs, and causes of action which may arise out of an act, omission, including, but not limited to, reasonable attorneys' fees and paralegals' fees, to the extent caused by the negligence, recklessness, or intentionally wrongful conduct of the Authority or any of its agents, officers, servants, employees, contractors, patrons, guests, clients, licensees, invitees, or any persons acting under the direction, control, or supervision of the Authority in the performance of this Agreement. This indemnification obligation shall not be construed to negate, abridge or reduce any other rights or remedies which otherwise may be available to an indemnified party or person described in this paragraph. The Authority shall pay all claims and losses of any nature whatsoever in connection therewith and shall defend all suits in the name of Collier County and shall pay all costs (including attorney's fees) and judgments which may issue thereon. This Indemnification shall survive the termination and/or expiration of this Agreement. This section does not pertain to any incident arising from the sole negligence of Collier County. The foregoing indemnification shall not constitute a waiver of sovereign immunity beyond the limits set forth in Section 768.28, Florida Statutes. This Section shall survive the expiration of termination of this agreement. Attest COLLIER COUNTY, FLORIDA Dwight E. Brock, Clerk By: Witness By: Name Name and Title Title f D rl4 By: .&--1 �•�''�� Name er'fAof irk �tn� Title Approved as to form and legality: Exhibit B AGREEMENT BETWEEN RENEW FINANCIAL GROUP LLC, THIRD PARTY ADMINISTRATOR FOR THE FLORIDA GREEN FINANCE AUTHORITY, AND COLLIER COUNTY This Agreement (the Agreement") is entered into this day of , 2017 by and between Renew Financial Group LLC, the third party administrator of the Florida Green Finance Authority, and Collier County, a political subdivision of the State of Florida (the "County") (collectively, the "Parties"). WHEREAS, Collier County and the Florida Green Finance Authority have proposed to enter into an agreement to authorize the Florida Green Finance Authority to operate within the boundaries of Unincorporated Collier County for the purposes of providing a Property Assessed Clean Energy (PACE) program; and WHEREAS, Renew Financial Group LLC is the third party administrator for the Florida Green Finance Authority, and Renew Financial Group LLC would be operating on behalf of the Florida Green Finance Authority within Unincorporated Collier County; and WHEREAS, Renew Financial Group LLC is a Delaware limited liability company; and WHEREAS, Renew Financial Group LLC has agreed to provide Collier County with a separate indemnification agreement for the benefit of Collier County, Collier County and Renew Financial Group LLC, hereby enter into the following Agreement: 1. The foregoing recitals are incorporated into this Agreement and approved. 2. Renew Financial Group LLC shall indemnify and hold harmless the County and its officers, employees, agents and instrumentalities from any and all liability, losses or damages, including attorneys' fees and costs of defense, which the County or its officers, employees, agents or instrumentalities may incur as a result of claims, demands, suits, causes of actions or proceedings of any kind or nature arising out of, relating to or resulting from the performance of this Agreement by Renew Financial Group LLC or its employees, agents, servants, partners, principals, administrators, subcontractors, or agents. Renew Financial Group LLC shall pay all claims and losses in connection therewith and shall investigate and defend all claims, suits or actions of any kind or nature in the name of the County, where applicable, including appellate proceedings, and shall pay all costs, judgments, and attorney's fees which may issue thereon. Renew Financial Group LLC expressly understands and agrees that any insurance protection shall in no way limit the responsibility to indemnify, keep and save harmless and defend the County or its officers, employees, agents and instrumentalities as herein provided. 3. This Agreement shall be interpreted and construed in accordance with and governed by the laws of the state of Florida. The Parties agree that the exclusive venue for any PACE Indemnification Agreement -5/17/17 lawsuit arising from, related to, or in connection with this Agreement shall be in the state courts of the Twentieth Judicial Circuit in and for Collier County, Florida, the United States District Court for the Middle District of Florida or United States Bankruptcy Court for the Middle District of Florida, as appropriate. IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above. ATTEST, DWIGHT E. BROCK, CLERK , Deputy Clerk Approved as to form and legality: Heidi Ashton-Cicko Managing Assistant County Attorney PACE Indemnification Agreement —5/17/17 BOARD OF COUNTY COMMISSIONERS COLLIER COUNTY, FLORIDA, go Penny Taylor, Chairman Renew Financial Group LLC, Print Name: Kirk Inglis Chief Financial Officer Print "Title: