The new Florida PACE Funding Agency is seeking a financial advisor and third-party administrator to assist with financing and start-up services.
Requests for proposals are being sought from firms interested in providing financial advisory services in connection with the creation of a statewide platform for the voluntary property assessed clean energy program, known as PACE.
The agency is in the process of validating $2 billion of municipal bonds from which much of its fees and expenses will be paid.
A financial advisory firm or a team of up to four firms will be selected from responses to the RFP. Proposals are due by Sept. 28.
In a separate process, the PACE agency has released a request for information seeking qualified respondents for third-party administration, banking and investment services. Responses to the RFI are due Nov. 14. The procurement documents and other information about the program are available at www.FloridaPACE.gov.
The agency is a special-purpose unit of local government, authorized by last year’s passage of HB 7179, that is designed to offer financing for energy conservation and renewable-energy improvements as well as wind-resistance improvements such as storm shutters and reinforced roofs.
Bryant Miller Olive PA is bond counsel.