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File #: 121591    Version:
Type: Ordinance Status: Passed
File created: 2/27/2013 In control: COMMON COUNCIL
On agenda: Final action: 7/2/2013
Effective date: 7/23/2013    
Title: A substitute ordinance relating to the city’s clean energy financing program.
Sponsors: ALD. MURPHY, ALD. KOVAC
Attachments: 1. Setting the PACE Feb 2013-final, 2. WS Binary Comparison, 3. Visio-PACE Drawing 1 v2 March 26 2013, 4. Visio-PACE Drawing 2 March 26 2013, 5. Leave Behind on Enhancement to Me2, 6. Support - Clean Fund LLC, 7. Support - Structured Finance Associates, 8. Support - MMAC, 9. Support - BOMA Wisconsin, 10. Support - Compass Properties, 11. Hearing Notice List 4-1-13, 12. Hearing Notice List 4-22-13, 13. Hearing Notice List 5-7-13, 14. Hearing Notice List 6-24-13, 15. Notice Published on 7-22-13
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
7/22/20133 CITY CLERK PUBLISHED   Action details Meeting details Not available
7/12/20133 MAYOR SIGNED   Action details Meeting details Not available
7/2/20133 COMMON COUNCIL PASSEDPass15:0 Action details Meeting details Not available
6/24/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE SUBSTITUTED

Minutes note: Individuals appearing: Ald. Michael Murphy, 10th Aldermanic District Ald. Nik Kovac, 3rd Aldermanic District Erick Shambarger, Office of Environmental Sustainability Aaron Cadle, Legislative Reference Bureau Ald. Wade moved substitution of the file with Proposed Substitute A. (Prevailed 5-0)
Pass5:0 Action details Meeting details Video Video
6/24/20132 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE RECOMMENDED FOR PASSAGEPass5:0 Action details Meeting details Not available
6/24/20132 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE RECONSIDEREDPass5:0 Action details Meeting details Not available
6/24/20132 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE SUBSTITUTED

Minutes note: Ald. Wade moved substitution of the file with Proposed Substitute B. (Prevailed 5-0)
Pass5:0 Action details Meeting details Not available
6/24/20133 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE RECOMMENDED FOR PASSAGE

Minutes note: Individual also appearing: Chuck McGinnis, Johnson Controls
Pass5:0 Action details Meeting details Not available
6/21/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
6/21/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/13/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HELD TO CALL OF THE CHAIR

Minutes note: Individuals appearing: Ald. Michael Murphy, 10th Aldermanic District Jeremy McKenzie, Assistant City Attorney
Pass5:0 Action details Meeting details Video Video
5/8/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
5/8/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
4/22/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HELD TO CALL OF THE CHAIR

Minutes note: Individual appearing: Aaron Cadle, Legislative Reference Bureau
Pass4:0 Action details Meeting details Video Video
4/17/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
4/17/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
4/17/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
4/17/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
4/1/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HELD TO CALL OF THE CHAIRPass5:0 Action details Meeting details Video Video
3/27/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
3/27/20131 COMMUNITY & ECONOMIC DEVELOPMENT COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
3/26/20131 CITY CLERK DRAFT SUBMITTED   Action details Meeting details Not available
2/27/20130 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available
Number
121591

Version
SUBSTITUTE 3

Reference

Sponsor
ALD. MURPHY AND KOVAC

Title
A substitute ordinance relating to the city’s clean energy financing program.

Sections
304-26.5 rc

Analysis
This ordinance facilitates owner-arranged financing with a third-party lender for commercial property owners making renovations to improve the energy efficiency to their properties by levying annual installments as a special charge onto the property tax bill.

The city will make all reasonable and customary efforts to collect these special charges once they are levied onto the tax bill and remit them to the lender when collected. The city will be entitled to an administrative fee for services rendered in collecting and otherwise processing these special charge payments.

State law mandates that monies received by the city treasurer as payment on the property tax bill be used to pay obligations on the property bill in the following order:

1. Special charges, delinquent utility charges and personal property taxes.
2. Special assessments.
3. Special taxes.
4. Property taxes.

By levying these annual installments as a special charge onto the property tax bill, this ordinance places a portion of a debt owed by the property owner to a private lender before the owner’s property tax obligation to the city. However, in the event of foreclosure, the city receives all foreclosure proceeds and will pay the private lender only after the city receives full payment for all property taxes and other charges levied against the foreclosed property.

In addition, this ordinance repeals code provisions which effectively guaranteed one year’s principal and interest payments on clean energy financing loans through a grant-funded reserve fund.

Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Section 304-26.5 of the code is repealed and recreated to read:
304-26.5. Clean Energy Financibg.
1. PURPOSE. The city finds that renovatio...

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