1. North Miami Beach Property Assessed Clean Energy Program Rafael Perez, Director of Business Development 305-569-0015 www.ygreneworks.com

2. Property Assessed Clean Energy Its a new Financing option Available to Property Owners. FL. State Statue 163.08 allows… How does PACE WORK…….. Municipalities join together and create a District to Finance these upgrades. Inter-local Agreement (Piggyback) June 2015- NMB Council voted to join the Clean Energy PACE Program WHAT IS PACE?

3. WHAT IS CLEAN ENERGY GREEN CORRIDOR? + = CORAL GABLES CUTLER BAY MIAMI MIAMI SHORES PALMETTO BAY PINECREST SOUTH MIAMI KEY BISCAYNE BISCAYNE PARK BAY HARBOR ISL. SURFSIDE NORTH BAY VILL. El Portal Miami Springs Miami Lakes Miami Gardens North Miami North Miami Beach Hialeah Sweetwater Hollywood

4. IMPLEMENTATION MEASURES ENERGY EFFICIENCY GENERATION OTHER CUSTOM MEASURES ? HURRICANE PROTECTION

5. ELIGIBLE PROPERTY OWNERS MIN. 10% EQUITY ON PROPERTY, MAX LTV 100% CURRENT ON PROPERTY TAXES FOR LAST 3 YEARS CURRENT ON MORTGAGE NO BANKRUPTCY 1 2 3 4 CRITERIA

6. ELIGIBLE PROPERTIES INDUSTRIAL COMMERCIAL NON-PROFIT MULTI-FAMILY RESIDENTIAL SINGLE-FAMILY RESIDENTIAL (MIAMI ONLY DISTRICT #2 and #4)

7. WHAT ARE THE BENEFITS TO THE STAKEHOLDERS? 100% FINANCING  No out of pocket expense to property owner  Removes single largest obstacle to implement these projects VOLUNTARY  Simply an option for those who want it  No Liability, Administration Cost and Burden of using Capital to Fund projects. Participating government is Indemnified by District and Admin.  All traditional forms of financing are still available  Assure that money used is for benefiting improvement INDIVIDUAL CHOICE  Zero affect on neighbors  Only those who choose to participate pay the assessment NON CREDIT BASED  Eligibility based on property values and owner equity  Allows many to participate that would not be eligible for traditional financing

8. BENEFITS TO PROPERTY OWNERS ELIMINATE UP-FRONT EXPENSE NOT CREDIT BASED LONG PAYBACK PERIODS PAYMENTS MAY STAY WITH PROPERTY OFF BALANCE SHEET (Commercial Properties) POTENTIAL FOR REAL SAVINGS

9. RESIDENTIAL - Commercial = Fix Rate- 6.75%, 7.38%, 7.74%, 7.96% 5,10,15 and 20 years September rates. INTEREST RATES AND TERMS

10. Application Received June – 11 July – 8 August- 28 24- have been approved 15- have been issued a Notice to Proceed with Construction Total contract amount $250,000 for Roofs, Window and Doors and A/C Average size $16,250, Largest $35,500 None have financed yet, but two have active payment request North Miami Beach PACE Status

11. PROJECTS & FUNDINGS BY MUNICIPALITY MunicipalityTotal Number of ProjectsTotal Value of Improvements BISCAYNE PARK18$405,015 CORAL GABLES54$1,642,174 CUTLER BAY156$3,319,829 EL PORTAL20$453,881 HIALEAH2$47,407 KEY BISCAYNE2$82,408 MIAMI70$1,931,802 MIAMI GARDENS37$636,858 MIAMI LAKES14$336,353 MIAMI SHORES43$1,547,699 MIAMI SPRINGS13$343,297 NORTH BAY VILLAGE1$24,930 NORTH MIAMI10$197,943 PALMETTO BAY123$5,725,970 PINECREST48$2,260,498 SOUTH MIAMI18$486,397 SURFSIDE5$198,837 Grand Total634$19,641,296

12. Property Tax Bill

13. HOW DOES THE PROCESS WORK?

14. BREAKDOWN BY TYPE OF IMPROVEMENT

15. 97% of volume is residential 23% of dollar value is commercial Average residential project size is $27,000 Average commercial project size is $265,000 Estimated $45 million in local economic stimulus (multiplier effect)* Estimated 300 jobs created* Estimated $225,000 revenue generated for local building departments** STATISTICS * Based on independent study done by ECONorthwest for PACENow ** Based on an average permit fee of $350 per project