§ 38-328. Non-ad valorem Assessments.

(a)

Pursuant to Section 163.08, Florida Statutes, the PACE Local Government is authorized to impose non ad-valorem assessments on Property to secure the repayment of any financing provided to an Eligible Participant to pay for Qualified Improvement(s). The assessments are collected pursuant to Section 197.3632, Florida Statutes, or any successor Section. Notwithstanding Section 197.3632(8)(a), the assessments shall not be subject to discount for early payment and shall not require notice and adoption as set forth in Section 197.3632(4).

(b)

Pursuant to Chapter 197, Florida Statutes, non-ad valorem assessments levied pursuant to this Article shall remain liens, coequal with the lien of all state, County, district and municipal taxes, superior in dignity to all other liens, titles and claims, until paid.

(c)

PACE Local Governments shall timely notify the Sarasota County Property Appraiser of all PACE Assessments for inclusion in the Truth in Millage (TRIM) notice with other non-ad valorem assessments levied within the County.

(Ord. No. 2017-051, § 2, 10-11-2017)