city of San Antonio


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File #: 19-8779   
Type: Staff Briefing - Without Ordinance
In control: Economic and Workforce Development Committee
On agenda: 12/3/2019
Posting Language: A briefing on the Property Assessed Clean Energy (PACE) Act, the proposed City PACE Program, and professional service agreement with the Texas PACE Authority for program administration. [Carlos J. Contreras III, Assistant City Manager; Alejandra Lopez, Interim Director, Economic Development Department]
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DEPARTMENT: Economic Development


DEPARTMENT HEAD: Alejandra Lopez


COUNCIL DISTRICTS IMPACTED: City-wide


SUBJECT:

A briefing on the Property Assessed Clean Energy (PACE) Act, the proposed City PACE Program, and a professional service agreement with the Texas PACE Authority for program administration.

SUMMARY:

A briefing by the Economic Development Department (EDD) on the new Property Assessed Clean Energy (PACE) Act, the proposed City PACE Program, and professional service agreement with the Texas PACE Authority for program administration. The PACE Act and proposed City PACE Program is designed to promote the City's sustainability and economic development efforts by establishing an innovative financing tool that allows owners of commercial, industrial, and large multi-family residential properties access to low-cost, long-term loans to conduct energy efficiency and water conservation improvements to real property.

BACKGROUND INFORMATION:

Passed by the Texas legislature in 2013, the Property Assessed Clean Energy (PACE) Act created an innovative financing tool that allows owners of commercial, industrial, and large multi-family residential properties access to low-cost, long-term loans to conduct energy efficiency and water conservation improvements to real property. Since the establishment of the PACE Act in Texas, 33 counties and cities have implemented the program in their jurisdictions resulting in 26 executed projects valued at over $100 million in loans.

The PACE Act allows a local government the ability to designate an area within its legal jurisdiction where owners of commercial, industrial, and large multi-family residential real property may gain access to this financing tool. This program helps mitigate financial barriers that delay or prevent property owners from implementing energy efficiency improvements. The savings expected as a result of the improvements must be validated by a third-party reviewer, further reinforcing the likeliho...

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