§ 38-320. Definitions.

(a)

Board shall mean the Sarasota County Board of County Commissioners.

(b)

Eligible Participant shall mean any residential or non-residential Property owner who voluntarily participates in the PACE Program and satisfies the eligibility requirements set forth in Section 38-327.

(c)

PACE Act shall mean Section 163.08, Florida Statutes.

(d)

PACE Assessment shall mean the non-ad valorem assessment placed on a property owner's tax bill as a result of financing obtained pursuant to the PACE Financing Agreement.

(e)

PACE Financing Agreement shall mean the agreement entered into between the Eligible Participant and the PACE Local Government specifying the Qualifying Improvements to be installed at the Property and the terms and conditions for financing those improvements through non-ad valorem assessments levied on the Property.

(f)

PACE Interlocal shall mean an agreement entered into between Sarasota County and a PACE Local Government authorizing the PACE Local Government to administer a PACE Program within unincorporated Sarasota County.

(g)

PACE Local Government shall mean a separate legal entity, other than a county or municipality, created pursuant to Section 163.01(7), Florida Statutes, and/ or its designated PACE Program administrator as applicable.

(h)

PACE Program or Program shall mean the Property Assessed Clean Energy program authorized by this Article within the boundaries of unincorporated Sarasota County and any municipality that has opted into the Sarasota County PACE Program via resolution or ordinance.

(i)

PACE Program Coordinator shall mean the County staff liaison between the PACE Local Government and the County as delegated by the County Administrator.

(j)

Property means a residential or non-residential property, as determined by the most current version of the Florida Building Code, and/or the building or facility that is part of the property, as applicable, located within the jurisdictional boundaries of unincorporated Sarasota County and any municipality that has opted into the Sarasota County PACE Program.

(k)

Qualifying Improvements shall mean those improvements to real property provided for in Section 163.08(2), Florida Statutes, including, but not limited to, energy conservation and efficiency, renewable energy and wind-resistance improvements.

(Ord. No. 2017-051, § 2, 10-11-2017)