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�RIGIN��. <br /> , <br /> RESOLUTION NO. 14-128 <br /> RESOLUTION OF THE CALIFORNIA ENTERPRISE DEVELOPMENT <br /> AUTHORITY DECLARING INTENTION TO FINANCE INSTALLATION <br /> OF DISTRIBUTED GENERATION RENEWABLE ENERGY SOURCES, <br /> ENERGY EFFICIENCY AND WATER EFFICIENCY IMPROVEMENTS <br /> IN THE CITY OF REDWOOD CITY <br /> WHEREAS, the California Enterprise Development Authority ("CEDA") is a joint powers <br /> authority organized and existing pursuant to the Joint Powers Act (Government Code Section <br /> 6500 et seq.)and that certain Joint Exercise of Powers Agreement(the"Agreement") dated as of <br /> June 1,2006, among the cities of Eureka,Lancaster and Selma; and <br /> WHEREAS,CEDA is authorized under the Agreement and Chapter 5 of Division 7 of Title 1 of <br /> the Government Code of the State of California and in accordance with Chapter 29 of Part 3 of <br /> Division 7 of the Streets&Highways Code of the State of California("Chapter 29")to authorize <br /> assessments to finance the installation of distributed generation renewable energy sources, <br /> energy efficiency and water efficiency improvements that are permanently fuced to real property <br /> ("Authorized Improvements"); and <br /> WHEREAS, CEDA has obtained authorization from the City of Redwood City (the "City") <br /> located in the County of San Mateo (the "County") to conduct assessment proceedings and to <br /> enter into contractual assessments to finance the installation of Authorized Improvements within <br /> ' the jurisdictional boundaries of the City pursuant to Chapter 29; and <br /> WHEREAS, CEDA desires to declare its intention to establish a Figtree PACE program <br /> ("Figtree PACE") in the City, pursuant to which CEDA, subject to certain conditions set forth <br /> below, would enter into contractual assessments to finance the installarion of Authorized <br /> Improvements in the City. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF <br /> THE CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY,AS FOLLOWS: <br /> Section 1. Findings. The Board of Directors hereby finds and determines the following: <br /> (a) The above recitals are true and correct and are incorporated herein by this <br /> reference. <br /> (b) Energy and water conservation efforts, including the promotion of Authorized <br /> Improvements to residential, commercial, industrial, or other real property, are <br /> necessary to address the issue of global climate change and the reduction of <br /> greenhouse gas emissions in the City. <br /> (c) The upfront cost of making residential, commercial, industrial, or other real <br /> property more energy and water efficient, along with the fact that most <br /> � <br />