FLORIDA GREEN FINANCE AUTHORITY

Regular Board Meeting June 4, 2026
2:00 P.M.

AGENDA
FLORIDA GREEN FINANCE AUTHORITY
Town of Mangonia Park 1755 East Tiffany Drive Mangonia Park, FL 33407
1-800-743-4099 Access 9363638 REGULAR BOARD MEETING June 4, 2026
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
March 5, 2026 Regular Board Meeting	Page 5
Status/Program Update – Information Report…	Page 8
Residential
Federal PACE Regulations
Old Business
Update Regarding Ongoing PACE Litigation in Florida
New Business
Discussion Regarding Commercial PACE Program Examples and Corresponding Fees	Page 17
Consider Resolution No. 2026-03 – Establishing Applicable Maximum Rates, Fees and Other Charges Imposed on Property Owners in Connection with the Renewpace Program for Fiscal
Year 2026/2027…	Page 24
Consider Resolution No. 2026-04 – Adopting a Fiscal Year 2026/2027 Proposed Budget…	Page 27
Administrative Matters
Board Member Comments
Adjourn

USA TODAY CO.
LocaliQ

PO Box 631244 Cincinnati, OH 45263-1244

AFFIDAVIT OF PUBLICATION
Laura Archer
Florida Green Finance 2501 Burns RD
Suite A

Palm Beach Gardens FL 33410-5207

STATE OF WISCONSIN, COUNTY OF BROWN

NOTICE OF REGULAR BOARD MEETING OF FLORIDA GREEN FINANCE AUTHORITY
NOTICE IS HEREBY GIVEN that the Board of Supervisors ("Board") of the Florido Green Finance Authority ("Auth0rlIy•) will hold a Regular BoM<i Meeting on June 4, 2026, at 2.:00 P,M. (EST) M tt,e Town of Mangon a Par!< Municipal cente< located at 1755 East Tiffany Drive, Mangonia Park, FIOrlda
33407.
The purpose of this meeting Is to conduct any buslnes• coming bofo,;, lh<J Board, The m.,_,ting Js open to the publk and wlll be conducted in •cco,... dance with lhe provisions of Flodda law, A oopi,, of the Agenda lor this mQotlng m�y be obtained Iron\ ll!o Alllhorlty's webs,te or by conta,ting th!r' AUthorit� Mannger at 561-630·-'922 .JQd/or oil free at I •877 •7aT• 4922 pr11>r to the mee1tn9,
Su<h moeilng will involv<> lhe use of Commu�lcotions ,-ledla Tcch�ology. Membus of !ho publlt may �t\end and participate I� h mru,1fn9 from the Actuol Meeting Loeatron, as well as Remo to Mo,:>tlng Locations. Said loca· uons where men1bers of the public n,oy attend· and participate are 8$
follows:
Palm Beach County, FL: Town ot Mangonia Park Municipal Center
(Actual M•!'ting Location) 1755 East Tiffany Drive Mangonia Park, FL 33407

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Advertising Representative of the Pensacola News Journal, a newspaper published in Escambia County, Florida; with circulation in Escambia and Santa Rosa Counties; that the attached copy
of advertisement, being a Legal Ad in the matter of Public

Sarasota County, FL:

Escambia County, FL:

City of North Port (Remote Meeling Location)
1100 North Chamberlain Boutevard
North Port, FL 34286
Whibbs Conference Room (Remote Meeting Location) City of Pensacola
City Hall, 1st Floor
222 West Main Street
Pensacola, FL 32502
(2:00 P.M. Eastern/1:OO P.M. Central)

Notices, was published on the publicly accessible website of Escambia County, Florida, or in a newspaper by print in the issues of, on:

PNJ Pensacola News_Journal 05/22/2026 PNJ pnj.com	05/22/2026

Affiant further says that the website or newspaper complies with all legal requirements for publication in chapter 50, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who is personally known to me, on 05/22/2026

Indian River County, FL City of Fellsmere (Remote Meeting Location) 22 5. Orange Street
Fellsmere, FL 32948
tr any person deCidas to :appeal·any decision mad@wlth respect to any matter considered at this n,eerlng, such person wlH need • record of thee proceedings and sui':h person may need 'lo cnsuru t�at a vc-rbatlm record or the pr<>ceedings is 11\ade ar h s 9r her own e-xpense and which record lnclud� the testlmony and evidence on which l>e appeal io base.d,
In ac�ardai,co with the provision• of the Americans w th D1,ab"llitll!< Act, any person re.quiting specfot accornrnodatlons or �n interproter to partld-pate at !his meeting should contac:t the Authority Manag_er at 5\jl-630• 4922and/or toll free at 1·877-737•�922 at least sev�n (7) days prior ta the date of the meeting.
Meellngs may be cancelled from time to time without advertised notice.
FLORIDA GREEN FINANCE AUTHORITY
www.flgfa.org
5/22/26 #12340208

Gt�

My commission expires

Publication Cost:	$275.24	
Tax Amount:	$0.00	
Payment Cost:	$275.24	
Order No:	12340208	
Customer No:	729499	
PO#:		
THIS IS NOT AN INVOICE!

NANCY HEYRMAN
Notary Public State of Wisconsin

Please do not use this form for payment remittance.

#of Copies:
1

Page 1

Page 1 of 1

Publication Date 2026-05-22

Subcategory Miscellaneous Notices

NOTICE OF REGULAR BOARD MEETING OF FLORIDA GREEN FINANCE AUTHORITY
NOTICE IS HEREBY GIVEN that the Board of Supervisors (Board) of the Florida Green Finance Authority (Authority) will hold a Regular Board Meeting on June 4, 2026, at 2:00 P.M. (EST) at the Town of Mangonia Park Municipal Center located at 1755 East Tiffany Drive, Mangonia Park, Florida 33407.
The purpose of this meeting is to conduct any business coming before the Board. The meeting is open to the public and will be conducted in accordance with the provisions of Florida law. A copy of the Agenda for this meeting may be obtained from the Authoritys website or by contacting the Authority Manager at 561-630-4922 and/or toll free at 1-877-737-4922 prior to the meeting.
Such meeting will involve the use of Communications Media Technology. Members of the public may attend and participate in the meeting from the Actual Meeting Location, as well as Remote Meeting Locations. Said locations where members of the public may attend and participate are as follows:
Palm Beach County, FL: Town of Mangonia Park Municipal Center (Actual Meeting Location) 1755 East Tiffany Drive
Mangonia Park, FL 33407
Sarasota County, FL: City of North Port (Remote Meeting Location) 1100 North Chamberlain Boulevard
North Port, FL 34286
Escambia County, FL: Whibbs Conference Room (Remote Meeting Location) City of Pensacola
City Hall, 1st Floor 222 West Main Street Pensacola, FL 32502
(2:00 P.M. Eastern/1:00 P.M. Central)
Indian River County, FL City of Fellsmere (Remote Meeting Location) 22 S. Orange Street
Fellsmere, FL 32948
If any person decides to appeal any decision made with respect to any matter considered at this meeting, 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 this meeting should contact the Authority 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 meeting.
Meetings may be cancelled from time to time without advertised notice. FLORIDA GREEN FINANCE AUTHORITY
www.flgfa.org
PUBLISH: INDIAN RIVER PRESS JOURNAL (INDIAN RIVER COUNTY) 05/22/26 TCN12340231

Publication Date 2026-05-22

Subcategory Miscellaneous Notices

NOTICE OF REGULAR BOARD MEETING OF FLORIDA GREEN FINANCE AUTHORITY
NOTICE IS HEREBY GIVEN that the Board of Supervisors (Board) of the Florida Green Finance Authority (Authority) will hold a Regular Board Meeting on June 4, 2026, at 2:00 P.M. (EST) at the Town of Mangonia Park Municipal Center located at 1755 East Tiffany Drive, Mangonia Park, Florida 33407.
The purpose of this meeting is to conduct any business coming before the Board. The meeting is open to the public and will be conducted in accordance with the provisions of Florida law. A copy of the Agenda for this meeting may be obtained from the Authoritys website or by contacting the Authority Manager at 561-630-4922 and/or toll free at 1-877-737-4922 prior to the meeting.
Such meeting will involve the use of Communications Media Technology. Members of the public may attend and participate in the meeting from the Actual Meeting Location, as well as Remote Meeting Locations. Said locations where members of the public may attend and participate are as follows:
Palm Beach County, FL:Town of Mangonia Park Municipal Center (Actual Meeting Location)
1755 East Tiffany Drive Mangonia Park, FL 33407
Sarasota County, FL: City of North Port (Remote Meeting Location) 1100 North Chamberlain Boulevard
North Port, FL 34286
Escambia County, FL: Whibbs Conference Room (Remote Meeting Location)
City of Pensacola City Hall, 1st Floor 222 West Main Street Pensacola, FL 32502
(2:00 P.M. Eastern/1:00 P.M. Central)
Indian River County, FL: City of Fellsmere (Remote Meeting Location) 22 S. Orange Street
Fellsmere, FL 32948
If any person decides to appeal any decision made with respect to any matter considered at this meeting, 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 this meeting should contact the Authority 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 meeting.
Meetings may be cancelled from time to time without advertised notice. FLORIDA GREEN FINANCE AUTHORITY
www.flgfa.org 5/22/26 #12339887

Publication Date 2026-05-22

Subcategory Miscellaneous Notices

NOTICE OF REGULAR BOARD MEETING OF FLORIDA GREEN FINANCE AUTHORITY
NOTICE IS HEREBY GIVEN that the Board of Supervisors (Board) of the Florida Green Finance Authority (Authority) will hold a Regular Board Meeting on June 4, 2026, at 2:00 P.M. (EST) at the Town of Mangonia Park Municipal Center located at 1755 East Tiffany Drive, Mangonia Park, Florida 33407.
The purpose of this meeting is to conduct any business coming before the Board. The meeting is open to the public and will be conducted in accordance with the provisions of Florida law. A copy of the Agenda for this meeting may be obtained from the Authoritys website or by contacting the Authority Manager at 561-630-4922 and/or toll free at 1-877-737-4922 prior to the meeting.
Such meeting will involve the use of Communications Media Technology. Members of the public may attend and participate in the meeting from the Actual Meeting Location, as well as Remote Meeting Locations. Said locations where members of the public may attend and participate are as follows:
Palm Beach County, FL: Town of Mangonia Park Municipal Center (Actual Meeting Location) 1755 East Tiffany Drive
Mangonia Park, FL 33407
Sarasota County, FL: City of North Port (Remote Meeting Location) 1100 North Chamberlain Boulevard
North Port, FL 34286
Escambia County, FL: Whibbs Conference Room (Remote Meeting Location) City of Pensacola
City Hall, 1st Floor 222 West Main Street Pensacola, FL 32502
(2:00 P.M. Eastern/1:00 P.M. Central)
Indian River County, FL City of Fellsmere (Remote Meeting Location) 22 S. Orange Street
Fellsmere, FL 32948
If any person decides to appeal any decision made with respect to any matter considered at this meeting, 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 this meeting should contact the Authority 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 meeting.
Meetings may be cancelled from time to time without advertised notice. FLORIDA GREEN FINANCE AUTHORITY
www.flgfa.org
PUBLISH: SARASOTA HERALD-TRIBUNE (SARASOTA) 05/22/26 #12340332

FLORIDA GREEN FINANCE AUTHORITY REGULAR BOARD MEETING
MARCH 5, 2026

CALL TO ORDER

The March 5, 2026, Regular Board Meeting of the Florida Green Finance Authority was called to order at 2:03 p.m. in the Town of Lantana located at 500 Greynolds Circle, Lantana, Florida 33462.

PROOF OF PUBLICATION

Proof of publication was presented showing that notice of the Regular Board Meeting had been published in the Palm Beach Post, the Sarasota Herald-Tribune, and the Pensacola News Journal on February 23, 2026, as legally required.

ESTABLISH QUORUM
A quorum was established with the following Supervisors present:

Supervisor	Jurisdiction		
Chair Nicole Dritz	Town of Lantana	Present	
Darrion Scott	Town of Mangonia Park	Present	
Jennifer McMahon	City of Cooper City	Present	
Dave Robau		Absent	
Tricia Wisner	City of North Port	Present via phone	

Others present at the meeting included:

Staff Member	Company/Agency	
James Candela	Special District Services, Inc.	
Mitty Barnard	Davis & Associates, P.A.	

Others present included:

Staff Member	Company/Agency	
Erin Deady	Erin L. Deady, P.A.	
Bill Capko (by phone)	Lewis, Longman & Walker	
Matthew Choy (by phone)	Renew Financial	
Laura Bravo (by phone)	Renew Financial	

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 were no comments from the public.

APPROVAL OF MINUTES

1. January 29, 2026, Regular Board Meeting

A motion was made by Supervisor Scott, seconded by Supervisor McMahon and passed unanimously approving the minutes of the January 29, 206, Regular Board Meeting, as presented.

STATUS/PROGRAM UPDATE – INFORMATION REPORT

Residential (Turn it over to Renew Financial: Jennifer Rojo Suarez / Matthew
Choy)

Matthew Choy provided a program update by reviewing the materials in the agenda package.

Federal PACE Regulations (Erin Deady)
Laura Bravo provided an update on new Federal PACE regulations and how Renew Financial had successfully launched a new program in compliance with the new ruling.
OLD BUSINESS

1. Update Regarding Ongoing PACE Litigation in Florida

Ms. Deady provided an update on the ongoing PACE litigation in Florida.

NEW BUSINESS
Discussion Regarding Fees and Budgetary Impact of Commercial Provider Termination
Renew Financial confirmed they were comfortable paying for the entire budget now that they are the only third party administrator.
The Board requested that District staff research C-PACE fee structures from other programs in Florida and nationally. This will be an agenda item at the next Board meeting.

Consider Resolution No. 2026-02 – Reaffirming and Again Adopting the Cost Sharing Report for Additional Commercial Pace Providers

Resolution No. 2026-02 was presented, entitled:

RESOLUTION NO. 2026-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE FLORIDA GREEN FINANCE AUTHORITY, REAFFIRMING AND AGAIN ADOPTING THE COST SHARING REPORT FOR ADDITIONAL COMMERCIAL PACE PROVIDERS; PROVIDING AN EFFECTIVE DATE AND FOR OTHER PURPOSES.

A motion was made by Supervisor McMahon, seconded by Supervisor Scott and passed unanimously adopting Resolution No. 2026-02, as presented.

ADMINISTRATIVE MATTERS
There were no Administrative Matters to come before the Board.
BOARD MEMBER COMMENTS

Chairperson Dritz inquired about audits and potential findings. Staff advised that there had been no findings. The final report from the auditor would be circulated to the Board via email once it has been received.

ADJOURNMENT
A motion was made by Supervisor McMahon, seconded by Supervisor Scott and passed unanimously adjourning the Regular Board Meeting at 2:48 p.m.

Chairman/Vice Chair	Secretary/Asst. Secretary

FLORIDA
GREEN
Finance Authority

INFORMATION REPORT

DATE:
FGFA PROGRAM:

JUNE 4, 2026
RENEWPACE - PROPERTY ASSESSED CLEAN ENERGY PROGRAM

PURPOSE:
UPDATE ON RENEWPACE RESIDENTIAL PROGRAM
UPDATE ON MARKETING EFFORTS
UPD1\TE ON STATE AND FEDERAL LEGISLATION
UPDATE ON RPACE ENROLLED JURISDICTIONS
UPDATE ON TAX COLLECTOR AGREEMENTS

BOARD MEMBERS:
CHAIR NICOLE DRITZ, TOWN OF LANTANA
VICE CHAIR DARRION SCOTT, TOWN OF MANGONIA PARK DAVE RoBAU, CITY OF PENSACOLA
TRICIA WISNER, CITY OF NORTH PORT JENNIFERMCMAHON, CITY OF COOPER CrTY ROBERT LORING, CrTY OF FELLSMERE

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:

Discussion:

UPDATE ON RENEWPACE RESIDENTIAL PROGRAM
Program Application Statistics (as of5/15/2026)

The program is contributing to the local goals of creating jobs and saving energy.

1

Jobs created: 19,490
Utility bill savings electricity (lifetime):$ 310,852,135
Utility bill savings natural gas (lifetime): $54,627,075
Lifetime energy generation & savings:
0	Renewable energy generated (kWh): 960,372,093
0	Energy saved (kWh): 587,298,794
0	Therms saved: 42,801,113
0	Green House Gas Reductions: 666,943 metric tons Below is a summary of program application statistics.
Asof
5/15/2026	8/21/2024	11/19/2024	3/4/2025	6/5/2025	9/3/2025	11/17/2025	2/20/2026	5/15/2026	
#
Application s	109,230	115,201	120,881	127,533	135,171	140,919	146,970	151,946	
Total App
Value	$3,140,514,
156	$3,346,745,
619	$3,545,750,
301	$3,761,125,
412	$4,011,015,
516	$4,202,785,
017	$4,400,686,
371	$4,577,029,
015	
Average
Assessment Value	$27,405	$27,661	$28,028	$28,329	$28,548	$28,743	$29,018	$29,147	
Notice to
Proceed (#/$)*	44,562 I
$1,278,446, 082	46,557 I
$1,346,320, 609	48,477 I
$1,412, 412,
298	50,956 I
$1,495, 670,
091	53,439 /
$1,575,824, 630	55,274 I
$1,637,593, 912	57,115/
$1,700,974, 708	58,609 I
$1,750,822, 342	
Funded
(#/$)	30,990 I
$849,284,
841	32,493 /
$898,772, 858	34,339 /
$962,442, 405	36,188 /
$1,025, 182,746	38,038/$
1,085,903,
205	39,581 /
$1,137,687, 812	41,175 I
$1,194,834,
600	42,376 I
$1,235,147,
139	
# Active
Contractors	741	754	802	886	892	907	924	919	
# Counties Approved
(RPACE)	24	24	25	25	25	25	25	25	
*Inclttsive of fttnded prqjects

As of 5/15/2026	# of
Applications	Total Application
Value	NTP# / $*	Funded(#/$)	
Town of Lantana	296	$8,683,404	123 / $3,476,400	83 / $2,281,592	
Town of Mangonia Park	41	$1,338,279	22 I $750,414	13 / $294,693	
City of North Port	814	$18,823,725	363 / $6,708,390	301 / $5,350,902	
City of Pensacola	105	$3,247,165	6 I $154,709	2 I $49,031	
City of Cooper City	511	$16,784,983	190/ $6,724,030	151 / $5,159,464	
City of Fellsmere	17	$528,730	3 / $84,870	3 / $84,870	
*Inc!ttsive efjttnded pro/ects
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 %	Energy Efficiency Project %	Safety & Resilience Project %	
14%	22%	64%	

Program Poliry 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.

Consttmer Complaints

Renew Financial tracks consumer complaints. There are currently 7 open complaints this quarter. Complaints are addressed through outreach to the property owner(s) and contractor (if applicable). Complaints were resolved in an average of 13 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 5/15/2026):
Number of complaints received since program launch in 2016: 1,752
Number of complaints resolved and closed since program launch in 2016: 1,681
Complaint Rate: 4.1%
Contractor related complaints: 1,539
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 theJollowingpages)

BREVARD	ESCAMBIA	OSCEOLA
Cape Canaveral	•	Century (CPACE)	•	Kissimmee*
Indian Harbour Beach	•	Pensacola	•	St. Cloud*
Satellite Beach	•	Unincorporated County	•	Unincorporated County
(CP.ACE)
BROWARD	PALM BEACH

Coconut Creek*

HILLSBOROUGH	• r\tlantis*
Cooper City*	•	Unincorporated County	•	Belle Glade*

Coral Springs*
Dania Beach*
Davie*
Deerfield Beach*
Fort Lauderdale

HIGHLANDS
Sebring (CPACE)
Lake Placid (CPACE)
"\von Park (CPACE)
Unincorporated County

Boca Raton*
Boynton Beach
Briny Breezes*
Cloud Lake*
Delray Beach

Hallandale Beach*	(CPACE)	•	Glen Ridge*
Hillsboro Beach*	•	Golf

•	Fellsmere

Hollywood*	INDIAN RIVER	•	Greenacres* Lauderdale-by-the-Sea*		 •	Gulfstream*
Lauderdale Lakes*	•	Sebastian	•	Haverhill*

Hypoluxo*

Lauderhill*	•	Unincorporated County	•	Highland Beach*
Lazy Lake*	(CPACE)
Lighthouse Point*	•  Juno Beach*

Monticello*

Margate	JEFFERSON	•	Jupiter*

•	Unincorporated County

Miramar	•	Jupiter Inlet Colony*
North Lauderdale*	•	Lake Clarke Shores*
Oakland Park*	•	Lake Park*
Parkland*	LAKE	•	Lake Worth
Pembroke Park*	•	Eustis (CPACE)	•	Lantana*
Pembroke Pines	•	Leesburg	•	Loxahatchee Groves*
Plantation*	•	Mount Dora	•	Manalapan*
Pompano Beach	•	Mangonia Park
Sea Ranch Lakes*	LEE	•	North Palm Beach*
Southwest Ranches*	•	Bonita Springs	•	Ocean Ridge*
Sunrise*	•	Cape Coral	•	Pahokee*
Tamarac*	•	Estero	•	Palm Beach*
Weston*	•	Fort Myers	•	Palm Beach Gardens*
West Park*	•	Palm Beach Shores*
Wilton Manors*	LEVY	•	Palm Springs*
Unincorporated County*	•	Williston	•	Riviera Beach*
Unincorporated County	•	Royal Palm Beach*

Punta Gorda

CHARLOTTE (CPACE)	•	South Bay*
MANATEE	•	South Palm Beach*
Unincorporated County	•	Bradenton*	•	Tequesta*
Bradenton Beach*	•	Wellington*
CITRUS	•	Palmetto*	•	West Lake*
Inverness*	•	Unincorporated County	•	West Palm Beach

Crysta! River*
Unincorporated County

MARION

Unincorporated County

Port Richey

Unincorporated County	PASCO
COLLIER	MARTIN
Naples	•	Sewall's Point	•	Zephyrhills

Unincorporated County

Unincorporated County	•	Stuart	•	Unincorporated County
(CPACE)
PINELLAS

Unincorporated County	•	Aventura

COLUMBIA	MIAMI-DADE	•	Gulfport (CPACE)
(CPACE)	•	Biscayne Park	SARASOTA
Coral Gables	•	North Port*

DUVAL
Jacksonville (CPA.CE)

Cutler Bay
Doral
El Pora!
Hialeah
Hialeah Gardens
Homestead
Key Biscayne
Medley
Miami
l'vliami Beach
l'vliami Gardens
l'vliami Lakes
Miami Shores Village
l'vliami Springs
North Bay Village
North Miami
North Miami Beach
Opa-Locka
Palmetto Bay
Pinecrest
South Miami
Surfside
Sweetwater
Virginia Gardens
West Miami
Unincorporated County
MONROE
Islamorada*
Key Colony Beach*
Key West*
Layton*
Marathon*
Unincorporated County
NASSAU
Fernandina Beach

ORANGE
o\popka
Ocoee (CPACE)
Orlando
Winter Garden (CPACE)
Winter Haven (CPACE)
Winter Park
Unincorporated County (CPACE)

Sarasota*
Venice*
Unincorporated County

SEMINOLE
Oviedo
Sanford

ST.JOHNS
Unincorporated County (CPACE)

SUWANNEE
Branford
Live Oak
Unincorporated County

VOLUSIA
Edgewater
Orange City
Port Orange
Unincorporated County (CPACE)

Those jurisdictions denoted witl1 an asterisk became Parties to tile .Authority through the County's Interlocal .Agreement.

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

UPDATE  ON TAX  COUECTORAGREEMENTS

Uniform Collection Agreements are currently in place with the following county Tax Collector's offices: Alachua, Brevard, Broward, Charlotte, Citrus, Collier, Duval, 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. Johns, Suwannee, and Volusia.

June 4, 2026
AGENDA ITEM SUMMARY

AMITY R. BARNARD, ESQ.
Florida Bar Board Certified Attorney in City, County and Local Government Law E-mail: mitty@davislawteam.com

To:	Chair Dritz, Vice Chair Scott and Supervisors Robau, Wisner and McMahon Cc:	Todd Wodraska, Secretary
From: Amity Barnard, General Counsel Re:	C-PACE Fee Discussion
At the March 5, 2026 Board meeting, the Board had a discussion regarding fees and the budgetary impacts of Petros’ commercial provider termination. The Board directed staff to review other commercial (“C-PACE”) programs within Florida and nationally and report those findings at the June Board meeting.

The attached chart provides the fees imposed by other C-PACE programs both in Florida and in other states including:
Florida Development Finance Corporation (FDFC)
National:
Atlanta CPACE
North Carolina
New Jersey
New Hampshire
Virginia
Oklahoma C-PACE
Chattanooga CPACER
Missouri Show Me PACE
Colorado
Texas PACE Authority
The C-PACE programs reviewed were exclusively C-PACE, only offering a commercial program (not a commercial program with residential like the current FGFA structure).
Review of the above illustrates percentage-based fees typically tied to the project amount, with some programs setting maximum fee amounts regardless of the total project amount. Note that staff was unable to locate any instances of a “Buy In Fee” in any other C-PACE programs reviewed. Note also that the publicly available information pertains almost exclusively to project/transaction fees. Staff was unable locate specific budget information for these programs.

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June 4, 2026
CPACE Fee Discussion
As the Board is aware, the transaction fees charged under the Authority’s program (both commercial and residential) are set by the third-party administrators and typically set forth in their respective program handbooks. In earlier days of the Authory’s program, the Board approved each iteration of the administrators’ handbooks. However, that was changed several years ago, with the administrators updating their handbooks as necessary to reflect current fees and eligible qualifying improvements. Currently, the Board does however approve the maximum fees to be set by each provider on an annual basis (at the June meeting). In addition to the transactional fees set by the third-party administrators, there are also additional costs incurred by the administrators.
The Cost Sharing Report for Additional Commercial PACE Providers first adopted by the Board in 2021 requires any new commercial providers to pay a one-time Buy-In Fee of
$75,000 and be responsible for their share of the Authority’s Final Commercial Budget Total Fixed Expenditures for each fiscal year (split equally between all commercial PACE providers in the Authority’s program). For the current fiscal year, the Final Commercial Budget Total Fixed Expenditures are $107,600. The Report also provides that revenue generated through commercial deals will be tracked and may be applied to the following year’s Commercial Budget in the form of a carryover credit. This mechanism will allow the commercial providers to reduce their share of the Commercial Budget through prior year’s deal generated revenues. Note that this budgetary requirement is a requirement of the commercial providers regardless of transaction closings, meaning under the current structure, commercial providers in the Authority’s program would be responsible for their share of the commercial budget regardless of whether they closed any deals in a given year.
Staff reported to the Board in May 2025 that an additional C-PACE provider showed interest in the program. A second letter of interest was received by staff on April 24, 2026 from another C-PACE provider showing interest in the program.

With this information, staff has identified the following options available to the Board:
Continue forward with the current Cost Sharing Report, leaving the Buy-In Fee and Budget allocation as approved.
Direct staff to revise the Cost Sharing Report to change the current fees/budget responsibilities provided within. Approval of the revised report would require Board action at a future Board meeting.
If there is desire to actively solicit additional commercial PACE providers, the Board could direct staff to prepare a procurement document for future posting.

2

C-PACE Examples

State	Year C-PACE
Program Started	Capital Providers	Fees	
Former CPACE Provider			Program Administration
Base program fee: 1.30-1.00% depending on project amount
Asset servicing fee: 0.3-1.0% depending on maturity length
Recordation fee: $120-150 per parcel
Standard Project Fees – Bond Counsel
3.5-0.20% of project amount depending on project size
Standard Project Fees – General Counsel Opinion
$7,500 per opinion
Authority Administration – 0.375-0.19% depending on project amount
Trustee Fees $7,500 and a $2,000 annual fee
Tax Roll Administration: $15 per parcel
County Collection Fees: vary by county, expected at 1-4%	
Percentage Based Fees	
Florida Development Finance Corporation (FDFC/FRED)1	2017	20 active providers, 6 other providers approved but not yet active2	Utilizes a consolidated Cost of Issuance (“COI”) framework which includes the key parties to a C-PACE transaction—namely the Program Administrator (FDFC), Program Counsel, and ﬁnancing/advisory consultants
COI is structured on a tiered basis, with smaller transactions subject to ﬁxed fees (generally in the mid–$30,000s to low–$60,000s) and larger transactions transitioning to a declining basis point structure, typically starting around 1.00% and decreasing to approximately 0.20% or lower as project size increases
In addition to the COI, the program includes standard closing and administrative costs, including an upfront administration/setup fee (approximately $500), along with transaction-speciﬁc third-party expenses such as legal, advisory, recording, and depositary services
On an ongoing basis, the program includes annual administration fees (generally around
$500), as well as customary county-level servicing costs related to tax collection and property appraiser functions.
FDFC does not charge any buy-in or access fees to capital providers	
Atlanta CPACE	2025	Unknown	The following fees are associated with an Atlanta C-PACE project:
Application Fee - $500 (non-refundable)
Administration Fee – 1% of total ﬁnancing costs at closing (maximum $100,000)
Legal Fee – 50 basis points (bps) of total ﬁnancing costs (minimum $7,500; maximum $22,500)	

1 Staff made a public records request to FDFC to obtain their current fees. The bullets provided are the summary response received from FDFC relative to their fees.

C-PACE Examples

			Servicing Fee - 30 bps of annual payment, to be added to the annual tax bill ($400 minimum). If the annual servicing fee exceeds $1,500, then Invest Atlanta may provide ﬂexibility on a project-by-project basis and at its own discretion.
County Tax Collector Fee – 1% of annual payment, to be added on the annual tax bill	
North Carolina	2025	Unknown	To oﬀset the actual and reasonable costs of administering the C-PACE Program, as required by the C-PACE Act, EDPNC will collect a $750 application fee with each Project Application. For each approved Project Application, EDPNC will collect at closing of the C-PACE ﬁnancing:
A processing fee equal to 1% of the total amount ﬁnanced, not to exceed $25,000 (N.C.G.S.
§160A-239.14(2b)).
A $500 administration fee to reimburse local governments for costs associated with their duties under the C-PACE Act (N.C.G.S. §160A-239.15a(5)).
These fees will be included in the C-PACE assessment and ﬁnancing, to be paid by the property
owner.3	
New Jersey	2025	6 providers 4	Initial Application Fee - The portion of the Application Fee due with a completed Garden State C-PACE application. - $1,000
Closing Fee - The portion of the Application Fee collected by the Qualiﬁed Capital Provider at the time of closing of the Direct Financing and remitted to the Authority within ten (10) calendar days. - 1 percent (%) of Direct Financing principal amount, not to exceed $75,000
Technical Reviewer Fee - If the Eligible Owner elects to use a Technical Reviewer retained by the Authority for a Technical Review and the Authority agrees, the Eligible Owner shall pay the full amount of direct costs of the Technical Reviewer. - Direct costs of the Technical Reviewer
Municipal Annual Fee - An annual municipal fee shall be paid by the Eligible Owner to the Participating Municipality once per year for the Participating Municipality’s administrative expenses regarding the ongoing billing, collecting, and remitting of the C-PACE Assessment.
Not to exceed $5,000 – For C-PACE Projects in which the Direct Financing is less than or equal to $15M; and
Not to exceed $10,000 – For C-PACE Projects in which the Direct Financing is greater than
$15M
The Municipal Annual Fee shall reﬂect the Participating Municipality’s actual administrative
expenses regarding the ongoing billing, collecting, and remitting of the C-PACE Assessment.	
New Hampshire	2025	4 providers5	The NH BFA , as compensation for time and costs incurred in the establishment of the C-PACER Program, including the C-PACER model ordinance/resolution, this Program guidebook, the draft documents, as well as for reviewing a Project application for completeness and executing	

3 https://edpnc.com/nc-cpace/
4 https://www.njeda.gov/c-pace/

C-PACE Examples

			the assessment agreement, C-PACER lien, and assignment, is entitled to a fee equal to 1% of the amount ﬁnanced by the property owner. This payment is a condition precedent to executing the assessment, assignment, closing, and recording.
In addition, the Authority will charge an annual fee the equivalent of 0.1% (one tenth of one percent) of the remaining unpaid principal loan balance.	
Virginia	2022	“Open market” that encourages the participation of a wide variety of capital providers that meet minimum program requirements6	Closing Fee
1.05% of Lien Amount
Minimum Fee: $3,300

Servicing Fee (if provided by Program Administrator)
1.5% of Annual Loan Amount
Minimum Fee: $300
Maximum Fee: $2,000
Closing and Servicing Fees cover the regular costs of the administration of the Program. These costs and expenses do not include any specialized optional professional services that may be necessary for a particular Project either prior or post-closing. Examples include but are not limited to:
Requesting substantial assistance in developing the Project scope
Obtaining Lender Consent on behalf of the Property Owner or Capital Provider
Time-intensive negotiation of any Program documents
Extensive review of a Project beyond the Program Administrator’s standard scope of work
Review of non-standardized Program documents
Obtaining a legal opinion for the Capital Provider
Assistance in amending a C-PACE Payment on behalf of a Capital Provider
Assistance related to curing a delinquency on behalf of the Capital Provider	
Oklahoma C-PACE	2021	20 providers7	Capital Provider Fees
Legal Fees
Program Administration Fee - 1.25% of the sum of eligible costs ﬁnanced. Capped at $50,000.	
Chattanooga CPACER	2021	Unknown	To make the costs of administering the C-PACER Program cost-neutral, the City will collect a Program Fee equal to 1% of the amount ﬁnanced by the Property Owner, not to exceed $50,000. An application fee of $300 will be paid with submission of the Program Application, and the remaining $49,700 fee will be paid by the applicant at closing for an approved Project
Application.8	

6 https://virginiapace.com/capital-providers-beneﬁts/
7  https://oklahomacpace.org/participating-capital-providers/
8 https://chcrpa.org/sustainability/our-work/

C-PACE Examples

Missouri
Show Me PACE	2015	15 providers9	One-time application fee of 1% of the project cost with a cap of $80,000. This fee will be collected as part of closing.
Annual administrative servicing fees is 1% of the annual collected amount not to exceed
$1,000.
Projects closed after 2022 will be collected by the administrators' third-party servicer, the fee for this service is a ﬂat $400.
If the assessment is collected by the Jackson County Collector, each annual assessment payment provided to the Assessor of Jackson County it will assess a 1.6% fee. These fees are subject to adjustment by changes in state statute. AmeriNat provides servicing for the assessment at $400 per assessment per year, whether collected directly by AmeriNat or by the
municipality.10	
Colorado	2013	30 providers11	Colorado C-PACE is designed to be self-sustaining. To ensure that the program fees charged to program participants are suﬃcient to cover the operating costs associated with administering the program, a one-time fee equal to 2.5% of the project ﬁnance amount (not to exceed $75,000 per project, with a minimum fee of $5,000 per project) will be assigned to each C-PACE project. The
program administration fee is typically included in the total ﬁnanced amount.	
Texas PACE Authority			TPA Fee Structure12 - TPA is committed to maintaining a lean, eﬃcient, and ﬁnancially stable program administrator. To support high-quality project administration while minimizing costs to stakeholders, TPA charges two fees: an Application Fee and an Ongoing Residual (Administrative)Fee.
Application Fee - covers project intake, eligibility screening, document coordination, and preparation for funding and closing. This fee is based on the Total Financed Amount, deﬁned as the sum of all eligible hard and soft costs associated with the project, excluding the TPA Application Fee itself. This includes, but is not limited to:
Construction and equipment costs
Engineering, architectural, legal, and permitting fees
Lender origination fees
Capitalized interest
Title, recording, escrow, and other ﬁnancing-related costs
Eﬀective April 1, 2025, the Application Fee is the greater of:
$2,000; or
1.00% of the ﬁrst $5 million of the Total Financed Amount,	

9 https://www.showmepace.com/lenders
10 https://www.showmepace.com/faq
11 https://coloradocpace.com/faq/
12 https://www.texaspaceauthority.org/home/resources/documents/#tpas_fee_structure

C-PACE Examples

			0.50% of the portion exceeding $5 million.
An initial $500 deposit is due with the application; the balance is due at closing.
Exception: Legacy 3-Tier Fee Structure - A limited number of TPA-administered programs still use the previous three-tier Application Fee, calculated as the greater of:
$2,000; or
1.00% of the ﬁrst $5 million of the Total Financed Amount,
0.50% of the portion exceeding $5 million, and
0.25% of the portion exceeding $20 million
An initial $500 deposit is due with the application; the balance is due at closing.
If you are unsure whether your project falls under the updated or legacy fee structure, please contact our Transaction Team for conﬁrmation.
Amendments - For amendments to an existing PACE assessment, the Application Fee will apply to the increased Total Financed Amount (i.e., the diﬀerence between the original and revised amounts), or $2,000—whichever is greater. A $500 deposit is due with the amendment application. Partial Releases and Early Payoﬀs are considered amendments and require the
$2,000 fee to be paid with the amendment request.
Ongoing Residual (Administrative) Fee - This fee supports long-term program administration, compliance monitoring, and reporting to local governments.
Charged at 8 basis points (0.08%) annually on the outstanding loan principal
Paid as part of the annual PACE assessment
The Ongoing Residual (Administrative) Fee remains due and payable to TPA regardless of any interest-only or capitalized payment periods
May be capitalized and prepaid at closing
If the PACE assessment is amended and the ﬁnanced amount increases, the ongoing administrative fee may be recalculated accordingly.	

AMITY R. BARNARD, ESQ.
Florida Bar Board Certified Attorney in City, County and Local Government Law E-mail: mitty@davislawteam.com

June 4, 2026
AGENDA ITEM SUMMARY
To:	Chair Dritz, Vice Chair Scott and Supervisors Robau, Wisner, McMahon and Loring Cc:	Todd Wodraska, Secretary
From: Amity Barnard, General Counsel
Re:  RESOLUTION NO. 2026-03, A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE FLORIDA GREEN FINANCE AUTHORITY, APPROVING AND ESTABLISHING THE APPLICABLE MAXIMUM RATES, FEES AND OTHER CHARGES IMPOSED ON PROPERTY OWNERS IN CONNECTION WITH THE RENEWPACE PROGRAM FOR FY 2026-27; PROVIDING AN EFFECTIVE DATE AND FOR OTHER PURPOSES.

The following describes the above-referenced agenda item:
Section 2.3 of the Broward County PACE Amended and Restated Interlocal Agreement with the Florida Green Finance Authority Relating to the Funding and Financing of Qualifying Improvements (“Broward ILA”) requires the Authority to annually establish the applicable maximum rates, fees, and other charges imposed on Property Owners in connection with utilization of the Authority’s PACE Program, including the rates paid by the Property Owner through the Financing Agreement (collectively, “Rates”). Such Rates must be just and equitable at the time of imposition for all Property Owners within Broward County. This section also requires the Authority to provide at least thirty (30) days’ prior written notice to the County of any meeting of its governing body at which will be considered any proposed increase(s) in Rates or any material change to the documentation required to be submitted to County under Section 20-176.133(d) of the Broward PACE Act.

The Board is asked to consider Resolution No. 2026-03 approving the maximum RenewPACE residential rates, fees and other charges for FY 2026-27 as required by the Broward ILA. This will be an annual item for the Board’s consideration. The required notice to Broward County was sent via regular U.S. Mail and e-mail on April 27, 2026.

This is not a budgetary item and there is no fiscal impact for authorizing this resolution. General Counsel recommends that the Board pass the above-referenced resolution.

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RESOLUTION NO. 2026-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE FLORIDA GREEN FINANCE AUTHORITY, APPROVING AND ESTABLISHING THE APPLICABLE MAXIMUM RATES, FEES AND OTHER CHARGES IMPOSED ON PROPERTY OWNERS IN CONNECTION WITH THE RENEWPACE PROGRAM FOR FY 2026-27; PROVIDING AN EFFECTIVE DATE AND FOR OTHER PURPOSES.

WHEREAS, Renew Financial is the third-party administrator of the Florida Green Finance Authority’s (“Authority’s”) residential RenewPACE program; and

WHEREAS, Section 2.3 of the Broward County PACE Amended and Restated Interlocal Agreement with the Florida Green Finance Authority Relating to the Funding and Financing of Qualifying Improvements (“Broward ILA”) requires the Authority to annually establish the applicable maximum rates, fees, and other charges imposed on Property Owners in connection with utilization of the Authority’s PACE Program, including the rates paid by the Property Owner through the Financing Agreement (collectively, “Rates”). Such Rates must be just and equitable at the time of imposition for all Property Owners within Broward County; and

WHEREAS, Section 2.3 of the Broward ILA requires the Authority to provide at least thirty (30) days’ prior written notice to the County of any meeting of its governing body at which will be considered any proposed increase(s) in Rates or any material change to the documentation required to be submitted to County under Section 20-176.133(d) of the Broward PACE Act.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE FLORIDA GREEN FINANCE AUTHORITY AS FOLLOWS:

The Board of Supervisors of the Florida Green Finance Authority hereby approves and adopts the maximum program fees for the RenewPACE program for FY2026-27, attached hereto as Exhibit “A”.

This Resolution shall become effective immediately upon its passage and adoption.
PASSED AND ADOPTED this 4th day of June, 2026.
FLORIDA GREEN FINANCE AUTHORITY

ATTEST:

By: 		 Authority Chair

James Candela, Authority Secretary

Approved as to form and legal sufficiency

Amity Barnard, Authority General Counsel

Exhibit “A”
Maximum Program Fees (Residential)

Origination Fees
Program Administrator – the Fee Basis less (i) Sponsor Origination Fee and the foreclosure expense reserve amount, less (ii) the Other Costs set forth in the Final Payment Summary.

Fee Basis: If the Total Financed Amount equals or exceeds the threshold of $20,000 as adjusted as set forth in 12 C.F.R. § 1026.32(a)(1)(ii), then 5% of the Total Financed Amount. In all other cases, the lesser of (a) 8% of the Total Financed Amount or (b) $1,000, as adjusted as set forth in 12 C.F.R. § 1026.32(a)(1)(ii). The $1,000 and $20,000 figures shall be adjusted by the annual percentage change in the Consumer Price Index as reported in Official Interpretation to 12 C.F.R. § 1026.32.
Total Financed Amount: The sum of (i) the Total Products Cost, (ii) the Total Closing Costs (as defined below), and (iii) the amount charged to the Property Owner for Buyer’s Points (if applicable).

Total Closing Costs: The sum of (i) the Program Administrator Fee, (ii) the Sponsor Origination Fee,
(iii) the Other Costs set forth in the Final Payment Summary, and (iv) the capitalized interest paid by the Property Owner as part of the Financing Amount and set forth in the Final Payment Summary (as defined in the Financing Agreement).
Sponsor – not to exceed 1.5% of the project amount Interest Rate
Not to exceed 15% Administrative Expenses
Program Administrator – annual, not to exceed $45 per year per Assessment

-2-

RESOLUTION NO. 2026-04

A RESOLUTION OF THE FLORIDA GREEN FINANCE AUTHORITY, ADOPTING A PROPOSED BUDGET FOR FISCAL YEAR 2026/2027 AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Florida Green Finance Authority is required to approve a Proposed Budget for each fiscal year; and

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2026/2027 has been prepared and considered by the Board.

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

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2026/2027 attached hereto as Exhibit “A” is approved and adopted.

Section 2.  A Public Hearing is hereby scheduled for September 10, 2026 at 2:00 p.m. located at 500 Greynolds Circle, Town of Lantana, Florida 33462, for the purpose of receiving public comments on the Proposed Fiscal Year 2026/2027 Budget.

PASSED AND ADOPTED this 4th day of June, 2026.

ATTEST:	FLORIDA GREEN FINANCE AUTHORITY

Secretary	Chair

APPROVED FOR FORM AND LEGAL SUFFICIENCY

Attorney

Florida Green Finance Authority

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

COMMERCIAL BUDGET

RESIDENTIAL BUDGET
PARTICIPANTS

COMMERCIAL BONDS

PROPOSED BUDGET
FLORIDA GREEN FINANCE AUTHORITY
FISCAL YEAR 2026/2027 OCTOBER 1, 2026 - SEPTEMBER 30, 2027
(Combined Commercial and Residential)

FISCAL YEAR 2026/2027
BUDGET	
		
REVENUES		
Projected Carry Forward Surplus	100,000	
O & M Funding Contributions	270,000	
O & M Assessments (Commercial)	0	
Loan Revenues (Residential)	21,035,712	
Loan Revenues (Commercial)	0	
Other Revenue - Commercial Closing Fees	10,000	
Other Revenue - Administrator Cost Sharing	114,373	
Interest Income	300	
TOTAL REVENUES	$	21,530,385	
		
VARIABLE EXPENDITURES		
Assessment Roll	353,639	
Miscellaneous	10,000	
TOTAL VARIABLE EXPENDITURES	$	363,639	
		
FIXED EXPENDITURES		
Management	49,296	
Legal	100,000	
Audit Fees	18,250	
Insurance	15,000	
Legal Advertisements	9,000	
Travel/Conference	15,000	
New County Set-up Fee	1,000	
Dues & Subscriptions	1,200	
Trustee Fees	4,000	
Website Management	2,000	
Miscellaneous - postage, office supplies, etc.	2,000	
Palm Beach County Pace Project Fees	20,000	
Financial Advisory Fees	10,000	
TOTAL FIXED EXPENDITURES	$	246,746	
		
TOTAL EXPENDITURES	$	610,385	
		
REVENUES LESS EXPENDITURES	$	20,920,000	
		
Loan Payments (Residential)	(20,500,000)	
Loan Payments (Commercial)	0	
		
BALANCE	$	420,000	
		
Fees (Residential)	(310,000)	
Fees (Commercial)	0	
		
Excess/ (Shortfall)	$	110,000	
		
Program Reinvestment (Residential)	(100,000)	
Program Reinvestment (Commercial)	(10,000)	
		
Net Excess/ (Shortfall)	$	-	
		
Projected Fiscal Year-End Fund Balance	100,000	

Approx. Participants As Of May 2026: 32,149 (this number will decrease as prepaid & matured loans are removed from the roll). Approx. Additions For 2026/2027 (before prepayments have been removed): 6,184

DETAILED PROPOSED BUDGET
FLORIDA GREEN FINANCE AUTHORITY
FISCAL YEAR 2026/2027 OCTOBER 1, 2026 - SEPTEMBER 30, 2027
(Combined Commercial and Residential)

FISCAL YEAR 2024/2025 ACTUAL	
FISCAL YEAR 2025/2026 BUDGET	
FISCAL YEAR 2026/2027 BUDGET	

COMMENTS	
					
REVENUES					
Projected Carry Forward Surplus	0	100,000	100,000		
O & M Funding Contributions	231,518	270,000	270,000	No Change From 2025/2026 Budget	
O & M Assessments (Commercial)	0	0	0	BrandsMart Has Paid Off 2015-1 Bond	
Loan Revenues (Residential)	55,486,631	20,121,895	21,035,712	Loan Revenues (Residential)	
Loan Revenues (Commercial)	0	0	0	Loan Revenues (Commercial)	
Other Revenue - Commercial Closing Fees	2,723	10,000	10,000		
Other Revenue - Administrator Cost Sharing	70,413	167,600	114,373		
Interest Income	27,946	300	300	Interest Estimated At $25 Per Month	
TOTAL REVENUES	$ 55,819,231	$  20,669,795	$  21,530,385		
					
VARIABLE EXPENDITURES					
Assessment Roll	284,111	276,595	353,639	32,149 X $11 - Based On Approximate Participants	
Miscellaneous	0	10,000	10,000	Miscellaneous	
TOTAL VARIABLE EXPENDITURES	$	284,111	$	286,595	$	363,639		
					
FIXED EXPENDITURES					
Management	48,000	48,000	49,296	CPI Increase (2.7%)	
Legal	87,596	90,000	100,000	$10,000 Increase From 2025/2026 Budget	
Audit Fees	16,500	16,500	18,250	Per Contract	
Insurance	9,852	15,000	15,000	Insurance Estimate	
Legal Advertisements	3,648	9,000	9,000	No Change From 2025/2026 Budget	
Travel/Conference	0	15,000	15,000	No Change From 2025/2026 Budget	
New County Set-up Fee	0	1,000	1,000	Estimated At One New County	
Dues & Subscriptions	815	1,200	1,200	No Change From 2025/2026 Budget	
Trustee Fees	0	4,000	4,000	No Change From 2025/2026 Budget	
Website Management	1,500	2,000	2,000	No Change From 2025/2026 Budget	
Miscellaneous - postage, office supplies, etc.	2,955	1,500	2,000	$500 Increase From 2025/2026 Budget	
Commercial Closing Fee	0	60,000	0	Line Item Removed	
Palm Beach County Pace Project Fees	0	20,000	20,000	No Change From 2025/2026 Budget	
Financial Advisory Fees	0	10,000	10,000	No Change From 2025/2026 Budget	
TOTAL FIXED EXPENDITURES	$	170,866	$	293,200	$	246,746		
					
TOTAL EXPENDITURES	$	454,977	$	579,795	$	610,385		
					
REVENUES LESS EXPENDITURES	$ 55,364,254	$  20,090,000	$  20,920,000		
					
Loan Payments (Residential)	(55,813,605)	(19,700,000)	(20,500,000)	Loan Payments (Residential)	
Loan Payments (Commercial)	0	0	0	Loan Payments (Commercial)	
					
BALANCE	$	(449,351)	$	390,000	$	420,000		
					
Fees (Residential)	(450,381)	(280,000)	(310,000)	Fees (Residential)	
Fees (Commercial)	0	0	0	Fees (Commercial)	
					
Excess/ (Shortfall)	$	(899,732)	$	110,000	$	110,000		
					
Program Reinvestment (Residential)	0	(100,000)	(100,000)	Program Reinvestment (Residential)	
Program Reinvestment (Commercial)	0	(10,000)	(10,000)	Program Reinvestment (Commercial)	
					
Net Excess/ (Shortfall)	$	(899,732)	$	-	$	-		
					
Projected Fiscal Year-End Fund Balance	0	100,000	100,000		

Approx. Participants As Of May 2026: 32,149 (this number will decrease as prepaid & matured loans are removed from the roll).

Approx. Additions For 2026/2027 (before prepayments have been removed): 6,184

PROPOSED BUDGET
FLORIDA GREEN FINANCE AUTHORITY
FISCAL YEAR 2026/2027 OCTOBER 1, 2026 - SEPTEMBER 30, 2027
(Commercial Only)

FISCAL YEAR 2026/2027
COMMERCIAL BUDGET	
		
REVENUES		
O & M Assessments (Commercial)	0	
Bond/Loan Revenues (Commercial)	See Commercial Bond Page	
Other Revenue - Commercial Closing Fees	10,000	
Other Revenue - Administrator Cost Sharing	114,373	
Other Revenue - Buy In	0	
TOTAL REVENUES	$	124,373	
		
VARIABLE EXPENDITURES		
Miscellaneous	1,000	
TOTAL VARIABLE EXPENDITURES	$	1,000	
		
FIXED EXPENDITURES		
Management	24,648	
Legal	50,000	
Audit Fees	9,125	
Insurance	7,500	
Legal Advertisements	4,500	
Travel/Conference	7,500	
New County Set-up Fee	500	
Dues	600	
Trustee Fees	2,000	
Website Management	1,000	
Miscellaneous - postage, office supplies, etc.	1,000	
Palm Beach County Pace Project Fees	0	
Financial Advisory Fees	5,000	
TOTAL FIXED EXPENDITURES	$	113,373	
		
TOTAL EXPENDITURES	$	114,373	
		
REVENUES LESS EXPENDITURES	$	10,000	
		
Bond/Loan Payments (Commercial)	0	
		
BALANCE	$	10,000	
		
Fees (Commercial)	0	
		
Excess/ (Shortfall)	$	10,000	
		
Program Reinvestment/Carryover Credit	(10,000)	
		
Net Excess/ (Shortfall)	$	-	
		
Projected Fiscal Year-End Fund Balance	$	-	
NOTE: A separate spreadsheet is kept to track provider specific carryover credit that can be applied to quarterly invoices.

5/26/2026 1:34 PM	III

PROPOSED BUDGET
FLORIDA GREEN FINANCE AUTHORITY
FISCAL YEAR 2026/2027 OCTOBER 1, 2026 - SEPTEMBER 30, 2027
(Residential Only)

FISCAL YEAR 2026/2027
RESIDENTIAL BUDGET	
		
REVENUES		
Projected Carry Forward Surplus	100,000	
O & M Funding Contributions	270,000	
Loan Revenues (Residential)	21,035,712	
Interest Income	300	
TOTAL REVENUES	$	21,406,012	
		
VARIABLE EXPENDITURES		
Assessment Roll	353,639	
Miscellaneous	9,000	
TOTAL VARIABLE EXPENDITURES	$	362,639	
		
FIXED EXPENDITURES		
Management	24,648	
Legal	50,000	
Audit Fees	9,125	
Insurance	7,500	
Legal Advertisements	4,500	
Travel/Conference	7,500	
New County Set-up Fee	500	
Dues	600	
Trustee Fees	2,000	
Website Management	1,000	
Miscellaneous - postage, office supplies, etc.	1,000	
Palm Beach County Pace Project Fees	20,000	
Financial Advisory Fees	5,000	
TOTAL FIXED EXPENDITURES	$	133,373	
		
TOTAL EXPENDITURES	$	496,012	
		
REVENUES LESS EXPENDITURES	$	20,910,000	
		
Loan Payments (Residential)	(20,500,000)	
		
BALANCE	$	410,000	
		
Fees (Residential)	(310,000)	
		
Excess/ (Shortfall)	$	100,000	
		
Program Reinvestment (Residential)	(100,000)	
		
Net Excess/ (Shortfall)	$	-	
		
Projected Fiscal Year-End Fund Balance	100,000	

Approx. Participants As Of May 2026: 32,149 (this number will decrease as prepaid & matured loans are removed from the roll).

Approx. Additions For 2026/2027 (before prepayments have been removed): 6,184

FLORIDA GREEN FINANCE AUTHORITY PARTICIPANTS AS OF MAY 2026

COUNTY	COMMENCING FISCAL YEAR 2023/2024	COMMENCING FISCAL YEAR 2024/2025	COMMENCING FISCAL YEAR 2025/2026	COMMENCING FISCAL YEAR 2026/2027	

TOTAL*	
Alachua	0	0	0	0	49	
Brevard	256	8	1	0	843	
Broward	2,147	1,736	1,894	1,336	11,694	
Charlotte	11	0	0	0	375	
Citrus	81	87	94	104	511	
Collier	0	1	0	0	52	
Escambia	1	1	0	0	3	
Hernando	0	0	0	0	238	
Highlands	0	1	0	0	1	
Hillsborough	0	0	42	538	1,961	
Indian River	1	2	0	0	4	
Jefferson	0	0	0	0	1	
Lake	0	3	1	0	5	
Lee	89	83	55	63	411	
Levy	7	2	14	9	49	
Manatee	113	142	94	106	814	
Marion	149	110	214	215	911	
Martin	58	21	24	17	205	
Miami-Dade	2,253	1,723	2,084	2,044	12,044	
Monroe	7	7	2	3	32	
Nassau	0	0	0	1	1	
Okeechobee	18	3	0	0	26	
Orange	35	71	94	98	502	
Osceola	118	100	129	131	1,042	
Palm Beach	1,334	1,230	1,321	1,185	7,440	
Pasco	147	85	167	188	1,652	
Polk	21	17	0	0	73	
Sarasota	142	97	89	99	811	
Seminole	11	16	18	11	88	
Suwannee	1	0	3	10	14	
Volusia	19	22	16	26	99	
Sub-Total	7,019	5,568	6,356	6,184	41,951	
						
Less Prepayments & Matured Loans	1,428	1,713	2,059	0	9,802	
						
Total	5,591	3,855	4,297	6,184	32,149	

Notes:
*Includes totals from years prior to those shown.
Current year numbers are approximates.
Current year prepayment numbers are approximates and will continuously change throughout the year.

FLORIDA GREEN FINANCE AUTHORITY COMMERCIAL BONDS AS OF MAY 2026

BOND ISSUE	

ORIGINAL PAR AMOUNT	

CURRENT PAR AMOUNT	

MATURITY DATE	

ANNUAL ASSESSMENT AMOUNT	
					
Series 2014 Loan (E&M Spirits)	
$5,496.00	
$0.00	
November 2036	
$500.00	
Series 2015-1 (Brandsmart Project)	
$2,225,700.00	
$0.00	
Paid off	
$0.00	
Series 2018 (Dadeland Mall Project)	
$2,595,468.73	
$933,985.05	
November 2028	
$350,856.55	
Series 2018A (Orlando Outlets Project)	
$5,562,289.94	
$4,498,150.14	
November 2039	
$496,899.34	
Series 2020-A (Avid Viera)	
$3,471,908.43	
$0.00	
Paid off	
$0.00	
Series 2020-B (Home 2-Palm Bay)	
$3,930,000.00	
$3,611,897.06	
November 2046	
$312,209.65	
Series 2020-C (Hyatt-Palm Bay)	
$5,643,500.00	
$5,186,702.54	
November 2046	
$447,438.17	
Series 2020-D (Pruitt Health - Lutz)	
$3,340,018.09	
$3,141,847.44	
November 2047	
$264,372.11	
Series 2021-1 (Le Meridien)	
$37,650,000.00	
$36,006,097.96	
November 2047	
$2,746,937.13	
Series 2021-2 (Sheraton - Palmetto)	
$30,600,000.00	
$29,416,120.86	
November 2048	
$2,418,304.48	
Series 2022-1 (Pruitt Health - Pensacola)	
$5,335,050.00	
$5,130,898.32	
November 2048	
$422,279.36	
Series 2022-2 (Certus Waterford Lakes)	
$7,200,000.00	
$6,930,858.84	
November 2048	
$572,722.58	
Series 2022-3 (Spanish Moss Apartments)	
$3,961,068.11	
$3,879,169.67	
November 2047	
$333,839.33	
Series 2022-4 (Certus Vero Beach)	
$8,640,000.00	
$8,640,000.00	
November 2050	
$684,084.69	
Series 2023-1 (Proper South Beach)	
$31,569,161.68	
$0.00	
Paid off	
$0.00	
Series 2023-2 (Marriott Palmetto)	
$14,400,000.00	
$14,400,000.00	
November 2053	
$1,251,355.67	
Series 2024 (Delray Beach Market)	
$14,515,442.07	
$14,515,442.07	
November 2053	
$1,228,977.16	
Series 2025 (SouthBank Hotel)	
$14,151,502.52	
$14,151,502.52	
November 2049	
$1,417,956.32	
Total	
$194,796,605.57	
$150,442,672.47		
$12,948,732.54	
					
Note:
BrandsMart Paid Off Series 2015-1 Bond In 2021. Avid Viera Paid Off Series 2020-A Bond In 2023.
Proper South Beach Paid Off Series 2023 Bond In 2025.
5/26/2026 1:34 PM	VI