A Florida special development financing authority since 1993.
FLORIDA RESILIENCY AND ENERGY DISTRICT
"FRED"
The Florida Resiliency and Energy District
Commercial-PACE Only
MEMBERSHIP
-
Over 224 local Florida communities have joined the Florida Resiliency and Energy District. A municipality can join FRED through a resolution and membership agreement which enable property owners within their boundaries participation in the Commercial PACE program.
-
Once FRED has the approval of the local community and service agreements in place with the Tax Collector and Property Appraiser, the local community can be eligible for Commercial PACE.
COMMERCIAL PACE
-
Learn more about Commercial PACE Program, including how property owners are eligible, what qualifying improvements are included and the benefits of C-PACE Financing.
CAPITAL PROVIDERS
-
Capital Providers can provide upfront financing to commercial property owners for qualifying improvement projects, and to collect the repayment through annual assessments on the property’s tax bill.
-
Each Capital Provider, also known as a Program Administrator, must go through a multi-step process before providing financing to a PACE enabled community through the FDFC PACE Program. Learn more about our approved Capital Providers.
PURPOSE AND CREATION
The purpose of the Florida Resiliency and Energy District (FRED) is to levy and collect voluntary, Non-Ad valorem special assessment through the local Tax Collector’s office.
STATUTORY AUTHORITY
FRED Operates under Florida Statues: 163.01 and 163.08 and was established on January 10, 2017.
ESTABLISHING ENTITIES
-
Town of Lake Clarke Shores
-
City of Fernandina Beach
-
Florida Development Finance Corporation (Limited Party)
-
Creation Document: Florida Resiliency and Energy District Interlocal Agreement - Recorded
SERVICES
The Florida Resiliency and Energy District facilitate the financing of Qualifying Improvements through a Property Assessed Clean Energy (PACE) Program, in accordance with Section 163.08, Florida Statutes, and provide an efficient process for real property owners within the legal boundaries of the district to access and administer the PACE program.
The FDFC provides all administrative services and their PACE program to FRED, which allows local communities to have a turnkey platform for providing PACE to their constituents. Communities can join FRED through a Resolution. Once FRED has the approval of the local community to join and service agreements in place with the Tax Collector and Property Appraiser, the local community can be eligible for PACE.
The FDFC is the administrator of the Florida Resiliency and Energy District.
CONTACT
Mailing Address
156 Tuskawilla Road, Suite 2340
Winter Springs, FL 32708
Phone, Email, Website
407-712-6352
www.fdfcbonds.com/florida-resiliency-and-energy-distr
Registered Agent and Office
Ryan Bartkus
156 Tuskawilla Road, Suite 2340
Winter Springs, FL 32708
BOARD OF DIRECTORS
CHAIR
City of Venice
Edward Lavallee, City Manager
VICE-CHAIR
City of Indian Harbour Beach
John W. Coffey, City Manager
MEMBER
City of Mount Dora
Wayne Zimmerman, Deputy Electric Director
MEMBER
City of Cocoa Beach
Robin Hayes, City Manager
MEMBER
City of Fernandina Beach
Unassigned
FINANCIALS
REVENUE INFORMATION
The Florida Resiliency and Energy District receives no revenues from assessments. All assessments are paid to the Florida Development Finance Corporation.
FINANCIAL AND BUDGET INFORMATION
Fiscal Year Period: October 1st to September 30th
Adopted Budget by Fiscal Year:
Proposed Budget:
2023-2024 - In Progress
Annual Financial Reports are available on the Florida Department of Financial Services website:
Florida Resiliency and Energy District
ETHICS INFORMATION