FLORIDA GREEN FINANCE AUTHORITY

Regular Board Meeting & Public Hearing September 1, 2022
2:00 P.M.

AGENDA
FLORIDA GREEN FINANCE AUTHORITY
Town of Lantana 500 Greynolds Circle
Lantana, FL 33462
1-877-402-9753 Access Code 2236281 REGULAR BOARD MEETING & PUBLIC HEARING
September 1, 2022
2:00 p.m.

Call to Order
Proof of Publication	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
June 2, 2022 Regular Board Meeting…	Page 2
Status/Program Update – Information Report…	Page 6
Residential
Commercial
Public Hearing
Proof of Publication	Page 14
Receive Public Comments on Fiscal Year 2022/2023 Final Budget
Consider Resolution No. 2022-03 – Adopting a Fiscal Year 2022/2023 Final Budget	Page 15
Old Business
New Business
Consider Resolution No. 2022-04 – Adopting a Fiscal Year 2022/2023 Meeting Schedule	Page 24
Administrative Matters
Board Member Comments
Adjourn

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Page 1

MINUTES
FLORIDA GREEN FINANCE AUTHORITY REGULAR BOARD MEETING
JUNE 2, 2022

Call to Order
District Manager Andrew Karmeris called the June 2, 2022, Regular Board Meeting of the Florida Green Finance Authority to order at 2:02 p.m. at the Town of Mangonia Park, 1755 East Tiffany Drive, Mangonia Park, Florida 33407

Proof of Publication
Proof of publication was presented showing that notice of the Regular Board Meeting had been published in the Palm Beach Post, Florida Today, Tampa Bay Times and Pensacola News Journal on May 22, 2022 and May 23, 2022, as legally required.

Establish Quorum
A quorum was established with the following Supervisors present:

Supervisor	Jurisdiction		
Chairman Ken Metcalf	Town of Mangonia Park	Present	
Vice Chair Nicole Dritz	Town of Lantana	Present	
Wayne Messam	Town of Miramar	Present	
Gail Hamilton	City of Zephyrhills	Present (via telephone)	

Others present at the meeting included:

Staff Member	Company/Agency	
Andrew Karmeris	Special District Services	
Mitty Barnard	Davis & Associates, P.A.	

Others appearing by phone included:

Staff Member	Company/Agency	
Todd Wodraska	Special District Services	
Erin Deady	Petros Partners	
Chelsey Olsen	Renew Financial	
Leah Wiggs	Renew Financial	
Bill Capko	Lewis, Longman & Walker	

Additions or Deletions to Agenda

There were no additions or deletions to the agenda.

Comments from the Public for Items Not on the Agenda

There we no comments from the Public.

Approval of Minutes

March 3, 2022 Regular Board Meeting

There was a motion made by Supervisor Hamilton, seconded by Vice Chair Dritz, to approve the minutes of the March 3, 2022 Regular Board Meeting, as presented. The Board was polled:

Supervisor	Jurisdiction	Vote	
Ken Metcalf	Town of Mangonia Park	Yes	
Wayne Messam	Town of Miramar	Yes	
Nicole Dritz	Town of Lantana	Yes	
Gail Hamilton	City of Zephyrhills	Yes	

The motion carried 4-0.

Status/Program Update – Information Report

Residential

Ms. Chelsey Olsen provided a residential program update by reviewing the materials in the agenda package.

Ms. Leah Wiggs provided some information regarding State and Federal legislation.

Supervisor Messam asked if we know why some counties opt out of the program? Ms. Wiggs stated that the reason some counties opt out is not always known but sometimes it is due to misinformation about the PACE program.

Commercial

Ms. Erin Deady provides a commercial program update and also commented on State and Federal legislation.

Old Business

There were no Old Business items to be addressed.

New Business

Consider Resolution No. 2022-02 – Adopting a Fiscal Year 2022/2023 Proposed Budget

Mr. Karmeris presented Resolution No. 2022-02

RESOLUTION NO. 2022-02

A RESOLUTION OF THE FLORIDA GREEN FINANCE AUTHORITY,
ADOPTING A PROPOSED BUDGET FOR FISCAL YEAR 2022/2023 AND PROVIDING AN EFFECTIVE DATE.

There was a motion made by Supervisor Messam, seconded by Vice Chair Dritz, to approve Resolution No. 2022-02, as presented setting the Public Hearing for September 1, 2022. The Board was polled:

Supervisor	Jurisdiction	Vote	
Ken Metcalf	Town of Mangonia Park	Yes	
Wayne Messam	Town of Miramar	Yes	
Nicole Dritz	Town of Lantana	Yes	
Gail Hamilton	City of Zephyrhills	Yes	

The motion carried 4-0.

Administrative Matters

There were no Administrative matters to discuss.

Board Member Comments

Supervisor Messam asked if board members could have access to complaint data? Ms. Olsen provide a response regarding the information requested.

Adjournment

The meeting was adjourned at 2:39 p.m. after a motion by Supervisor Messam, and a second by Chairman Metcalf. The motion carried 4-0.

Chairman/Vice Chair	Secretary/Asst. Secretary

INFORMATION REPORT

DATE:	SEPTEMBER 1, 2022
FGFA PROGRAM: RENEWPACE – PROPERTY ASSESSED CLEAN ENERGY PROGRAM

PURPOSE:

UPDATE ON RENEWPACE RESIDENTIAL PROGRAM
UPDATE ON MARKETING EFFORTS
UPDATE ON STATE AND FEDERAL LEGISLATION
UPDATE ON RPACE ENROLLED JURISDICTIONS
UPDATE ON TAX COLLECTOR AGREEMENTS
CONTRACTOR AND COMPLAINTS MANAGEMENT PRESENTATION

BOARD MEMBERS:
Chair Ken Metcalf, Town of Mangonia Park Vice Chair Nicole Dritz, Town of Lantana Dave Robau, City of Pensacola
Gail Hamilton, City of Zephyrhills Wayne Messam, City of Miramar Wendy Collazo, City of St. Cloud

Background:

RenewPACE is a Program of the Florida Green Finance Authority (the “Authority”) designed to offer communities, property owners and capital providers a multitude of options for investing in community improvements that save both energy and money. The Authority Board of Supervisors (“Board”) is being asked to hear or consider several items for the RenewPACE residential program, as well as administrative items related to the management of the Authority:

1

Discussion:

UPDATE ON RENEWPACE RESIDENTIAL PROGRAM

Program Application Statistics (as of 08/05/2022)
The program is contributing to the local goals of creating jobs and saving energy.
Jobs created: 6,086
Utility bill savings electricity (lifetime): $143,459,130
Utility bill savings natural gas (lifetime): $10,134,414
Lifetime energy generation & savings:
Renewable energy generated (kWh): 607,684,405
Energy saved (kWh): 110,365,196
Therms saved: 7,618,686
Green House Gas Reductions: 246,678metric tons Below is a summary of program application statistics.
As of 08/05/2022	11/4/2021	2/10/2022	5/5/2022	8/5/2022	
# Applications	57,976	60,845	64,224	69,021	
Total App Value	$1,425,962,944	$1,505,803,000	$1,598,958,431	$1,739,080,967	
Average Assessment Value	$21,917	$22,350	$22,621	$22,161	
Approved (#/$)*	29,270 /
$711,523,885	30,848 /
$756,608,742	32,778 /
$811,807,855	35,348 /
$891,114,788	
Funded (#/$)	14,183 /
$312,493,568	15,342 /
$342,894,173	16,357 /
$369,257,097	17,450 /
$399,869,004	
# Active Contractors	383	379	399	428	
# Counties Approved (RPACE)	26	26	25	25	

Count of Apps Received, Approved, Funded

80000
70000
60000
50000
40000
30000
20000
10000
0

Apps Received (#)  Apps Received (#)  Approved Applications (#)  Approved Applications (#)  Approved Applications (#)  Funded Applicat ions(#)

*Inclusive of funded projects

*Q3 2022 up to 08/05/2022

As of 08/05/2022	# of Applications	Total Application Value	Approved # / $*	Funded (#/$)	
Town of Mangonia Park	11	$299,709	7 / $194,854	5 / $106,749	
Town of Lantana	171	$4,266,225	97 / $2,292,712	46 / $1,041,849	
City of St. Cloud	435	$12,262,638	199 / $6,225,518	113 / $3,534,342	
City of Zephyrhills	298	$5,495,986	121 / $1,639,643	79 / $962,858	
City of Miramar	1,859	$53,137,650	976 / $29,899,664	412 / $11,430,531	
City of Pensacola	46	$1,247,768	7 / $163,700	1 / $28,608	
*Inclusive of funded projects

Applications have been submitted for a range of products including air source heat pumps, insulation, duct replacement, water heaters, windows, wind-resistant shingles, storm windows, storm shutters, doors, central air conditioners, solar, and roofs.

Renewable Energy Project %
26%

Energy Efficiency Project %	Safety & Resilience Project %
16%	58%

Program Policy Updates

Per Resolution 2016-03 (Section 9), the Board authorized the Program Administrator to amend the Residential Handbook from time to time. Per Exhibit A of the Third-Party Administration Services Agreement Section I.3.a.iv, Renew Financial is responsible for maintaining “Program Application & Funding Request Forms”. The following is a brief summary of the updates. Renew Financial has provided an opportunity for review of the policy details to the standard working group that includes Special District Services, legal counsels, and key partners prior to implementing any new policy.

The following updates have been made to the Residential Handbook: No updates at this time

Consumer Complaints

Renew Financial tracks consumer complaints. There are currently 45 unresolved complaints. Complaints are addressed through outreach to the property owner(s) and contractor (if applicable). Complaints were resolved in an average of 38 calendar days. Renew Financial makes every effort to address and resolve issues quickly. Delays in resolution may occur depending on availability of the parties and degree of the complaint. Resolution resulted in a variety of actions including, but not limited to, additional training of contractor, confirmation of key terms with property owner, withdraw of application at request of property owner, and refund of a portion of the cost to the property owner by the contractor.

Below is a brief summary of complaints (as of 08/05/2022):
Number of complaints received and resolved since program launch: 754
Contractors involved in complaints: 624
Most common categories of complaints: Workmanship; Delayed/Incomplete Projects
UPDATE ON MARKETING EFFORTS

Any updates will be provided at the Authority Board meeting.

UPDATE ON STATE AND FEDERAL LEGISLATION

Any updates will be provided at the Authority Board meeting.

UPDATE ON ENROLLED JURISDICTIONS (see list on the following pages)

Map of Residential Opt-Ins:

BREVARD
Cape Canaveral
Cocoa*
Cocoa Beach*
Grant-Valkaria*
Indialantic*
Indian Harbour Beach
Malabar*
Melbourne*
Melbourne Beach*
Melbourne Village*
Palm Bay*
Palm Shores*
Rockledge*
Satellite Beach
Titusville*
West Melbourne*
Unincorporated County

BROWARD 
Coconut Creek*
Cooper City*
Coral Springs*
Dania Beach*
Davie*
Deerfield Beach*
Fort Lauderdale
Hallandale Beach*
Hillsboro Beach*
Hollywood*
Lauderdale-by-the-Sea*
Lauderdale Lakes*
Lauderhill*
Lazy Lake*
Lighthouse Point*
Margate
Miramar
North Lauderdale*
Oakland Park*
Parkland*
Pembroke Park*
Pembroke Pines
Plantation*
Pompano Beach
Sea Ranch Lakes*
Southwest Ranches*
Sunrise*
Tamarac*
Weston*
West Park*
Wilton Manors*
Unincorporated County*

CITRUS
Inverness*
Crystal River*
Unincorporated County

COLLIER
Naples
Unincorporated	County (CPACE)

ESCAMBIA 
Century (CPACE)
Pensacola
Unincorporated	County (CPACE)

HIGHLANDS
Sebring (CPACE)
Lake Placid (CPACE)
Avon Park (CPACE)
Unincorporated	County (CPACE)

INDIAN RIVER
Fellsmere
Sebastian

JEFFERSON
Monticello*
Unincorporated County

LAKE
Leesburg
Mount Dora
LEE
Bonita Springs
Cape Coral
Estero
Fort Myers

LEVY 
Fanning Springs
Williston
Unincorporated County
MANATEE
Bradenton*
Bradenton Beach*
Palmetto*
Unincorporated County

MARION
Unincorporated County

MARTIN
Sewall’s Point
Stuart

PALM BEACH
Atlantis*
Belle Glade*
Boca Raton*
Boynton Beach
Briny Breezes*
Cloud Lake*
Delray Beach
Glen Ridge*
Golf
Greenacres*
Gulfstream*
Haverhill*
Highland Beach*
Hypoluxo*
Juno Beach*
Jupiter*
Jupiter Inlet Colony*
Lake Clarke Shores*
Lake Park*
Lake Worth
Lantana
Loxahatchee Groves*
Manalapan*
Mangonia Park
North Palm Beach
Ocean Ridge*
Pahokee*
Palm Beach*
Palm Beach Gardens*
Palm Beach Shores
Palm Springs*
Riviera Beach*
Royal Palm Beach*
South Bay*
South Palm Beach*
Tequesta
Wellington*
West Lake*
West Palm Beach
Unincorporated County

POLK 
Haines City
Lake Wales

PASCO 
Port Richey
Zephyrhills
Unincorporated County
PINELLAS 
Gulfport (CPACE)
SARASOTA
North Port*
Sarasota*

Unincorporated County

MIAMI-DADE 
Aventura
Coral Gables
Cutler Bay
Doral
El Poral
Hialeah
Homestead
Key Biscayne
Medley
Miami
Miami Beach
Miami Gardens
Miami Shores Village
Miami Springs
North Bay Village
North Miami
North Miami Beach
Opa-Locka
Palmetto Bay
Pinecrest
Surfside
Sweetwater
Virginia Gardens
West Miami
Unincorporated County

MONROE
Islamorada*
Key Colony Beach*
Key West*
Layton*
Marathon*
Unincorporated County

NASSAU 
Fernandina Beach

OKEECHOBEE 
Okeechobee
Unincorporated County

ORANGE 
Apopka
Belle Isle
Orlando
Winter Garden (CPACE)
Winter Haven (CPACE)
Winter Park
Unincorporated County (CPACE)

Venice*
Unincorporated County

SEMINOLE 
Longwood
Oviedo
Sanford
ST. JOHNS
Unincorporated County (CPACE)
VOLUSIA
Daytona Beach Shores
Edgewater
New Smyrna Beach
Orange City
Port Orange
WALTON
Unincorporated County (CPACE)

OSCEOLA
Kissimmee*
St. Cloud*
Unincorporated County

1 Those jurisdictions denoted with an asterisk became Parties to the Authority through the County’s Interlocal Agreement.

2 Please note that with regard to Sebastian that while it had signed onto the Original ILA, we are currently in extended discussions with this jurisdiction about signing onto to the updated Second Amended and Restated ILA. Until we finalize these discussions we have verbally agreed not to activate residential PACE in the jurisdiction until those discussions have concluded.

UPDATE ON TAX COLLECTOR AGREEMENTS

Uniform Collection Agreements are currently in place with the following county Tax Collector’s offices: Alachua, Brevard, Broward, Charlotte, Citrus, Collier, Escambia, Hernando, Highlands, Hillsborough, Indian River, Lake, Lee, Levy, Manatee, Marion (re-executed), Martin, Miami-Dade, Monroe, Nassau, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Sarasota, Seminole, St. John’s and Volusia.

CONTRACTOR AND COMPLAINT MANAGEMENT

Renew Financial will provide a brief presentation on contractor and complaint management.

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RESOLUTION NO. 2022-03

A RESOLUTION OF THE FLORIDA GREEN FINANCE AUTHORITY ADOPTING A FISCAL YEAR 2022/2023 BUDGET.

WHEREAS, the Florida Green Finance Authority has prepared a Proposed Budget and Final Special Assessment Roll for Fiscal Year 2022/2023 and has held a duly advertised Public Hearing to receive public comments on the Proposed Budget and Final Special Assessment Roll; and,

WHEREAS, following the Public Hearing and the adoption of the Proposed Budget and Final Assessment Roll, the Florida Green Finance Authority is now authorized to levy non-ad valorem assessments upon the properties within the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE FLORIDA GREEN FINANCE AUTHORITY THAT:

Section 1.	The Final Budget and Final Special Assessment Roll for Fiscal Year 2022/2023 attached hereto as Exhibit “A” is approved and adopted, and the assessments set forth therein shall be levied.

Section 2.	The Secretary of the Florida Green Finance Authority is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 1st day of September, 2022.

ATTEST:	FLORIDA GREEN FINANCE AUTHORITY

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Florida Green Finance Authority

Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

COMMERCIAL BUDGET

RESIDENTIAL BUDGET

PARTICIPANTS

COMMERCIAL BONDS

FINAL BUDGET
FLORIDA GREEN FINANCE AUTHORITY
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023
(Combined Commercial and Residential)

	
FISCAL YEAR 2022/2023 BUDGET	
		
REVENUES		
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TOTAL REVENUES	 	1 ,395,70 	
		
VARIABLE EXPENDITURES		
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TOTAL VARIABLE EXPENDITURES	 	1 0,52 	
		
FIXED EXPENDITURES		
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TOTAL FIXED EXPENDITURES	 	1 5,1 0	
		
TOTAL EXPENDITURES	 	2 5,70 	
		
REVENUES LESS EXPENDITURES	 	1 ,110,000	
		
/RDQ 3D\PHQWV 5HVLGHQWLDO 	            	
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BALANCE	 	3 0,000	
		
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Excess/ (SKortfall)	 	110,000	
		
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Net Excess/ (SKortfall)	 	-	
		
ProMected Fiscal Year-End Fund Balance	       	

Approximate Participants As Of August 2022: 13,157 Approximate Additions For 2022/2023: 2,999

DETAILED FINAL BUDGET FLORIDA GREEN FINANCE AUTHORITY FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023
(Combined Commercial and Residential)

FISCAL YEAR 2020/2021 ACTUAL	
FISCAL YEAR 2021/2022 BUDGET	
FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	
					
REVENUES					
ProMected Carry ForZard Surplus		100,000	100,000		
O & M Funding Contributions	92,908	236,536	211,864	F< 2021/2022 O&M Revenue As Of 5-19-22 Was $90,289	
O & M Assessments (Commercial)	9,316	0	0	BrandsMart Has Paid Off 2015-1 Bond	
/oan Revenues (Residential)	17,259,558	11,000,000	18,000,000	/oan Revenues (Residential)	
Other Revenue - Commercial Closing Fees	6,346	10,000	10,000		
Other Revenue - Administrator Cost Sharing	8,922	74,927	73,542		
,nterest ,ncome	1,266	300	300	,nterest (stimated At $25 Per Month	
TOTAL REVENUES	$  17,378,316	$  11,421,763	$	18,395,706		
					
VARIABLE EXPENDITURES					
Assessment Roll	113,565	109,350	131,010	13,101 X $10 - Based On Approximate Participants	
Miscellaneous	2,281	9,516	9,516	Miscellaneous	
TOTAL VARIABLE EXPENDITURES	$	115,846	$	118,866	$	140,526		
					
FIXED EXPENDITURES					
Management	36,000	36,000	37,080	CP, (Capping at 3 ) ,ncrease per Contract	
/egal	54,894	57,000	57,000	No Change From 2021/2022 Budget	
Audit Fees	12,500	15,000	15,000	No Change From 2021/2022 Budget	
,nsurance	3,308	3,650	3,900	,nsurance (stimate	
/egal Advertisements	4,459	15,000	12,000	$3,000 Decrease From 2021/2022 Budget	
NeZ County Set-up Fee	1,000	1,000	3,000	(stimated At Three NeZ Counties	
Dues & Subscriptions	1,112	800	1,200	$400 ,ncrease From 2021/2022 Budget	
Trustee Fees	0	7,500	4,000	Decreased Due To 2015-1 Bond Payoff	
Website Management	1,500	2,000	2,000	No Change From 2021/2022 Budget	
Financial Advisory Fees	0	10,000	10,000	Financial Advisory Fees	
TOTAL FIXED EXPENDITURES	$	114,773	$	147,950	$	145,180		
					
TOTAL EXPENDITURES	$	230,619	$	266,816	$	285,706		
					
REVENUES LESS EXPENDITURES	$  17,147,697	$  11,154,947	$	18,110,000		
					
/oan Payments (Residential)	(17,044,928)	(10,820,000)	(17,750,000)	/oan Payments (Residential)	
					
BALANCE	$	102,769	$	334,947	$	360,000		
					
Fees (Residential)	(193,932)	(180,000)	(250,000)	Fees (Residential)	
					
Excess/ (Shortfall)	$	(91,163)	$	154,947	$	110,000		
					
Program Reinvestment (Residential)	0	(144,947)	(100,000)	Program Reinvestment	
Program Reinvestment (Commercial)	0	(10,000)	(10,000)	Program Reinvestment	
					
Net Excess/ (Shortfall)	$	(91,163)	$	-	$	-		
					
ProMected Fiscal Year-End Fund Balance	0	100,000	100,000		

Approximate Participants As Of August 2022:	13,157

Approximate Additions For 2022/2023:	2,999

FINAL BUDGET
FLORIDA GREEN FINANCE AUTHORITY
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023
(Commercial Only)

FISCAL YEAR 2022/2023
COMMERCIAL BUDGET	
		
REVENUES		
O & M Assessments (Commercial)	0	
Bond//oan Revenues (Commercial)	See Commercial Bond Page	
Other Revenue - Commercial Closing Fees	10,000	
Other Revenue - Administrator Cost Sharing	73,542	
Other Revenue - Buy n	0	
TOTAL REVENUES	$	83,542	
		
VARIABLE EXPENDITURES		
Miscellaneous	952	
TOTAL VARIABLE EXPENDITURES	$	952	
		
FIXED EXPENDITURES		
Management	18,540	
/egal	28,500	
Audit Fees	7,500	
 nsurance	1,950	
/egal Advertisements	6,000	
NeZ County Set-up Fee	1,500	
Dues	600	
Trustee Fees	2,000	
Website Management	1,000	
Financial Advisory Fees	5,000	
TOTAL FIXED EXPENDITURES	$	72,590	
		
TOTAL EXPENDITURES	$	73,542	
		
REVENUES LESS EXPENDITURES	$	10,000	
		
Bond//oan Payments (Commercial)	0	
		
BALANCE	$	10,000	
		
Fees (Commercial)	0	
		
Excess/ (Shortfall)	$	10,000	
		
Program Reinvestment/Carryover Credit	(10,000)	
		
Net Excess/ (Shortfall)	$	0	
		
ProMected Fiscal Year-End Fund Balance	$	-	
NOTE: A separate spreadsheet is kept to track provider specific carryover credit that can be applied to quarterly invoices.

FINAL BUDGET
FLORIDA GREEN FINANCE AUTHORITY
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023
(Residential Only)

	
FISCAL YEAR 2022/2023
RESIDENTIAL BUDGET	
		
REVENUES		
ProMected Carry ForZard Surplus	100,000	
O & M Funding Contributions	211,864	
/oan Revenues (Residential)	18,000,000	
 nterest ncome	300	
TOTAL REVENUES	$	18,312,164	
		
VARIABLE EXPENDITURES		
Assessment Roll	131,010	
Miscellaneous	8,564	
TOTAL VARIABLE EXPENDITURES	$	139,574	
		
FIXED EXPENDITURES		
Management	18,540	
/egal	28,500	
Audit Fees	7,500	
 nsurance	1,950	
/egal Advertisements	6,000	
NeZ County Set-up Fee	1,500	
Dues	600	
Trustee Fees	2,000	
Website Management	1,000	
Financial Advisory Fees	5,000	
TOTAL FIXED EXPENDITURES	$	72,590	
		
TOTAL EXPENDITURES	$	212,164	
		
REVENUES LESS EXPENDITURES	$	18,100,000	
		
/oan Payments (Residential)	(17,750,000)	
		
BALANCE	$	350,000	
		
Fees (Residential)	(250,000)	
		
Excess/ (Shortfall)	$	100,000	
		
Program Reinvestment (Residential)	(100,000)	
		
Net Excess/ (Shortfall)	$	(0)	
		
ProMected Fiscal Year-End Fund Balance	100,000	

Approximate Participants As Of August 2022:	13,157

Approximate Additions For 2022/2023:	2,999

FLORIDA GREEN FINANCE AUTHORITY PARTICIPANTS AS OF AUGUST 2022

COUNTY	
COMMENCING FISCAL YEAR 2018/2019	
COMMENCING FISCAL YEAR 2019/2020	
COMMENCING FISCAL YEAR 2020/2021	
COMMENCING FISCAL YEAR 2021/2022	
COMMENCING FISCAL YEAR 2022/2023	

TOTAL*	
							
Alachua	10	9	2	5	2	49	
Brevard	1	118	91	88	280	578	
BroZard	661	767	1,139	660	1,020	4,581	
Charlotte	37	58	104	74	87	364	
Citrus	1	27	23	28	66	145	
Collier	9	30	12	0	0	51	
Escambia	0	0	0	1	0	1	
Hernando	9	105	90	34	0	238	
Hillsborough	340	338	469	165	0	1,381	
 ndian River	0	0	0	0	1	1	
Jefferson	0	0	0	1	0	1	
/ake	0	0	0	0	1	1	
/ee	0	16	48	13	44	121	
/evy	1	2	4	5	4	17	
Manatee	9	54	122	84	90	359	
Marion	26	21	56	42	60	223	
Martin	0	6	39	14	19	85	
Miami-Dade	230	769	998	585	1358	3,940	
Monroe	0	0	0	10	3	13	
Okeechobee	0	0	0	0	5	5	
Orange	16	35	49	61	34	204	
Osceola	1	105	218	139	101	564	
Palm Beach	158	380	774	449	580	2,370	
Pasco	260	283	211	129	110	1,065	
Polk	0	0	5	16	14	35	
Sarasota	0	33	153	86	112	384	
Seminole	4	3	10	12	3	32	
Volusia	0	3	5	1	7	16	
Sub-Total	1,773	3,162	4,622	2,702	4,001	16,824	
							
/ess Prepayments	171	567	885	988	1,002	3,667	
							
Total	1,602	2,595	3,737	1,714	2,999	13,157	

Notes:
2022/2023 numbers are approximates.
2022/2023 prepayments do not include prepayments that will be added before final roll submissions in September.
Prepayment numbers include loans that have matured.
*Includes totals from years prior to those shown.

FLORIDA GREEN FINANCE AUTHORITY COMMERCIAL BONDS AS OF AUGUST 2022

BOND ISSUE	

ORIGINAL PAR AMOUNT	

CURRENT PAR AMOUNT	

MATURITY DATE	

ANNUAL ASSESSMENT AMOUNT	
					
Series 2014 Loan (E&M Spirits)	
$46,550.00	
$9,203.87	
May 2023	
$9,429.07	
Series 2015-1 (Brandsmart Project)	
$2,225,700.00	
$0.00	
-----	
$0.00	
Series 2018 (Dadeland Mall Project)	
$2,595,468.73	
$1,961,204.94	
November 2028	
$350,856.55	
Series 2018A (Orlando Outlets Project)	
$5,562,289.94	
$5,221,703.10	
November 2039	
$496,899.34	
Series 2020-A (Avid Viera)	
$3,471,908.43	
$3,471,908.43	
November 2046	
$294,927.30	
Series 2020-B (Home 2-Palm Bay)	
$3,930,000.00	
$3,930,000.00	
November 2046	
$312,209.65	
Series 2020-C (Hyatt-Palm Bay)	
$5,643,500.00	
$5,643,500.00	
November 2046	
$447,438.17	
Series 2020-D (Pruitt Health - Lutz)	
$3,340,018.97	
$3,340,018.97	
November 2047	
$261,701.69	
Series 2021 (Le Meridien)	
$37,650,000.00	
$37,650,000.00	
November 2047	
$2,689,983.39	
Series 2021 (Sheraton-Palmetto)	
$30,600,000.00	
$30,600,000.00	
November 2048	
$0.00	
Series 2022 (Pruitt Health - Pensacola)	
$5,335,050.00	
$5,335,050.00	
November 2048	
$0.00	
Series 2022 (Certus Waterford Lakes)	
$7,200,000.00	
$7,200,000.00	
November 2048	
$0.00	
Series 2022 (Spanish Moss Apartments)	
$3,961,068.00	
$3,961,068.00	
November 2047	
$0.00	
Total	
$111,561,554.07	
$108,323,657.31		
$4,863,445.16	

Note:
BrandsMart Paid Off Series 2015-1 Bond In 2021.

RESOLUTION NO. 2022-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE FLORIDA GREEN FINANCE AUTHORITY, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2022/2023 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; PROVIDING A PROCESS FOR RE-SCHEDULING REGULAR MEETINGS DUE TO UNFORESEEN CIRCUMSTANCES INCLUDING, BUT NOT LIMITED TO THE LACK OF A QUORUM; PROVIDING AN EFFECTIVE DATE; AND FOR OTHER PURPOSES.

WHEREAS, it is necessary for the Florida Green Finance Authority to establish a regular meeting schedule for fiscal year 2022/2023; and
WHEREAS, the Board of Supervisors of the Florida Green Finance Authority desires to adopt the regular meeting schedule for fiscal year 2022/2023, including meeting locations and times, as set forth in Exhibit “A”; and
WHEREAS, due to the fact that unforeseen circumstances occur from time to time which may require a regularly scheduled meeting to have to be re-scheduled, including but not limited to the lack of a quorum to conduct business, the Board of Supervisors further desires to provide for an administrative process to effectuate such regular meeting re-scheduling when needed.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE FLORIDA GREEN FINANCE AUTHORITY, AS FOLLOWS:

Section 1.   The above recitals are true and correct, and are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings of the Florida Green Finance Authority for fiscal year 2022/2023 which is attached hereto as Exhibit “A”, is hereby adopted by the Board of Supervisors.
Section 3.  The Board of Supervisors directs the Secretary of the Florida Green Finance Authority to publish the adopted regular meeting schedule for fiscal year 2022/2023.
Section 4.  In the event that a regularly scheduled meeting as set forth on Exhibit “A” hereto has to be re-scheduled due to unforeseen circumstances, including but not limited to the lack of a quorum to conduct business, the Secretary of the Florida Green Finance Authority is hereby authorized and directed to re-schedule such meeting to an available date and time,

preferably at the same location as the originally scheduled meeting if possible, falling as soon as practical after the regularly scheduled meeting date. In such event, the Secretary of the Florida Green Finance Authority shall convene the originally scheduled meeting for the sole purpose of announcing on the record the date, time and location of the re-scheduled meeting. The Florida Green Finance Authority General Counsel shall also attend the convening of the originally scheduled meeting and shall be present for the announcement of the date, time and place of the re-scheduled meeting.

PASSED, ADOPTED and EFFECTIVE this 1st day of September, 2022.

ATTEST:	FLORIDA GREEN FINANCE AUTHORITY

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

FLORIDA GREEN FINANCE AUTHORITY FISCAL YEAR 2022/2023 REGULAR MEETING SCHEDULE

NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Florida Green Finance Authority will hold Regular Meetings at 2:00 p.m. EST on the following dates at the specified locations:

Meetings to be held at the Town of Mangonia Park Municipal Center located at 1755 East Tiffany Drive, Mangonia Park, Florida 33407 on the following dates:

December 1, 2022
June 1, 2023

Meetings to be held at the Town of Lantana located at 500 Greynolds Circle, Lantana, Florida 33462 on the following dates:

March 2, 2023
September 7, 2023

The purpose of these meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agenda for any of the meetings may be obtained from the Authority’s website or by contacting the Authority’s Manager at 561-630-4922 and/or toll free at 1-877-737-4922.

Such meetings will involve the use of Communications Media Technology. Members of the public may attend and participate in the meeting(s) from the meeting location, as well as a Remote Location. Said locations where members of the public may attend and participate are as follows:

Palm Beach County, FL:	Town of Mangonia Park Municipal Center
1755 East Tiffany Drive Mangonia Park, FL 33407
(on the specified dates as indicated above)

Palm Beach County, FL:	Town Hall Town of Lantana
500 Greynolds Circle
Lantana, FL 33462
(on the specified dates as indicated above)

Alachua County, FL:	Grace Knight Conference Room (Remote Meeting Location)
Alachua County Administration Building, 2nd Floor 12 SE 1st Street
Gainesville, FL 32601

Escambia County, FL:	Vince Whibbs Conference Room (Remote Meeting Location)
City of Pensacola City Hall, 1st Floor 222 West Main Street Pensacola, FL 32501
(2:00 P.M. Eastern/1:00 P.M. Central)

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at 561-630-4922 and/or toll free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.

Meetings may be cancelled from time to time without advertised notice.

FLORIDA GREEN FINANCE AUTHORITY

www.fgfa.org

PUBLISH:	THE PALM BEACH POST		/	/2022