§ 12-174. Definitions.

For purposes of this article, the following words and phrases shall have the following meanings:

Board or county is the Monroe County Board of County Commissioners.

Financing agreement shall mean the financing agreement or the summary memorandum of such agreement the property owner signs establishing terms and conditions for the financing of qualified improvements which is required to be recorded in the public records pursuant to the PACE statute.

Non-residential property shall mean commercial, industrial, agricultural and residential properties consisting of five or more residential dwelling units.

PACE agencies/authorities/districts shall mean one or more local governments defined in F.S. § 163.08(2)(a), authorized by Monroe County to offer PACE financing for qualifying improvements.

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

PACE program shall mean the county's provision through interlocal agreements with PACE agencies/authorities/districts offering financing for qualifying improvements as approved by the State of Florida pursuant to F.S. § 163.08, further refined in this article, as may be amended by law.

PACE statute shall mean F.S. § 163.08, and all future amendments thereto.

Qualifying improvements includes energy conservation and efficiency, renewable energy, and wind resistance improvements as defined by F.S. § 163.08, as may be amended by law.

Residential property shall mean a residential property consisting of four or less residential units.

( Ord. No. 007-2018 , § 4)