Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
2024/11/19 PUBLIC HEARING 09:30AM
FILED FOR RECORD DATE I ) .- I�-I- 20 aL( AT 3 l-I 5 O'CLOCK M KAREN MCQUEEN 1� B B OS COUTY CLERK C3.. OS„...•74�.j./ COUNTY BRYAN, TEXAS PUBLIC HEARING OS COUNTY C I SI S COURT BRAZOS COUNTY COM":ISSIONERS COURT WILL CONDUCT PUBLIC HEARING RIM N TUESDAY, NOVEMBER 19, 2024AT 9:30 A.M. IN THE COMMISSIONERS COURTROOM F THE COUNTY ADMINISTRATION BUILDING, 200 SOUTHSOUTHT8E0X3AS AVENUE, SUITE 106, BRYAN, TEXAS 77 The County will hear public comments related to Amending the Brazos County Property Assessed Clean Energy("PACE") Program. The Brazos County Administration Building,200 S.Texas Avenue,Suite 106, Bryan,TX 77803 is wheelchair accessible. Handicap parking spaces are available.Any request for sign interpretive services must be made two working days before the meeting.To make arrangements,please call(979)361-4102. .tE..Op if- r') off, ` , Jo , y OF The foregoing minutes of the Commissioners Court Public Hearing held November 19,2024,have been examined and are approved in open Court this the 10th day of December 2024, in Bryan, Brazos County, Texas. 0,.......„_..... ...4......._..... ,_ &, Duane Peters Steve Aldrich County Judge Commissioner, Precinct 1 4: - YIXAJI-4-), Chuck Konderla Nancy Berry Commissioner, Precinct 2 Commissioner, Precinct 3 Wanda J. Watso Commissioner, ecinct 4 Attest: q(aNc-^"--6Thr Karen McQueen H1 J , County Clerk 4 ' Nue 4t, ,f:' • • r. %Q$ 4`.• a MINUTES NOVEMBER 19, 2024 BRAZOS COUNTY COMMISSIONERS COURT PUBLIC HEARING Call to Order A public hearing of the Commissioners' Court of Brazos County, Texas was held in the Brazos County Commissioners Courtroom in the Administration Building,.200 South Texas Avenue, in Bryan, Brazos County, Texas, beginning at 9:30 a.m. on Tuesday, November 19, 2024 with the following members of the Court present: Duane Peters, County Judge, Presiding; Steve Aldrich, Commissioner of Precinct 1; Chuck Konderla, Commissioner of Precinct 2; Nancy Berry, Commissioner of Precinct 3; Wanda J. Watson, Commissioner of Precinct 4; Karen McQueen, County Clerk. The attached sheets contain the names of the citizens and officials that were in attendance. The County will hear public comments related to Amending the Brazos County Property Assessed Clean Energy("PACE") Program. Judge Peters called the meeting to order at 9:33 a.m. and invited Assistant General Counsel Allison Lindblade to speak. Ms. Lindblade briefly explained that the Public Hearing is part of the statutory process for updating the County's Resolution regarding the Property Assessed Clean Energy (PACE) Program. She stated that by amending the Resolution, the County will be able to partner with more than one PACE program. Judge Peters then invited the PACE program representatives in attendance to speak. Texas PACE Program representative Charlene Heydinger gave a presentation on what the Texas PACE Program has to offer as a financing tool to provide long term, low cost, funding for energy efficiency, water conservation and distributed generation projects. Lone Star PACE Program representative Lee McCormick discussed the Lone Star PACE Program and what it can offer to businesses in Brazos County. He thanked the County's legal staff and Court for the opportunity to work within Brazos County. The Court entered into a brief discussion on the matter. Judge Peters invited members of public to offer comments regarding amending the PACE Program. No members of the public wished to speak. The meeting was adjourned at 9:52 a.m. A copy of the presentations is attached. PPg_A_of L BRAZOS COUNTY COMMISSIONER' S COURT ig DAY OF 2011 Gl W AYPM,'Rubtic . eari Name Organization (PLEASE PRINT) (PLEASE PRI T) t P_91(\ Lereg Nmcvl • Li.bu (A- k, Cam. CSN.cf‘tr•er. k.f • Pok;soN �► �a '-CeoXciZ ASSOC £ CO OJi 42-S Veen,. lie as--teou. co. Uk OR /ea4c a Pg 2-of a- BRAZOS COUNTY COMMISSIONER' S COURT 1Pi ' DAY 9unV , 20 L4 o r_ w A /PM, ?D W c, 1-k4cutrw ) Name Organization (PLEASE PRINT) (PLEASE PRINT) PA-cg- „aZZ--- CDDla- c Lo i S-lab 1 e Qe.4 Uc-e, -EYYa—H C Cr(V. totikeP"341•A NAcito. ckYtlyw 5-i) (1/4r 14e1-frk, T, eAtAl 4stAaco‘41,Ke a Acck-vtr �� sl S a BRAZOS COUNTY PACE PROGRAM i41. TEXAS -k PACE c-7 AUTHORITY YOUR TRUSTED LOCAL EXPERTS IN ALL THINGS PACE Charlene Heydinger charlenec .texaspaceauthor-ity.orq 2024 www.texaspaceauthority.orq November 19,.2024 TEXAS PACE AUTHORITY f ; YOUR TRUSTED LOCAL EXPERTS IN ALL THINGS TX- PACE • Established 2015 as 501 (c)(3) public servant model— serving local governments in L. quality control— delivering public benefit with economic development and environmental benefits • TPA team has over 100 years of combined government servicef :1 .=; • TPA's Board includes two former county judges, CEO of TEDC, former chair of ; t} TCEQ's two predecessor agencies, finance experts, the Dallas Fed. Reserve's Q g Sustainability Director, and the CEO of a national chemical company .Serving 103 Local Governments reaching 75% of the Texas population o Facilitated almost $500 million in private financing for new water and energy saving investment for Texas businesses and nonprofits • Named 2023 Outstanding Nonprofit, Texas Energy Summit, Texas Capitol and 2024 Texas Impact Enterprise, SMU; TPA has been willing awards since 2016 a; T --PACE v AUTHORITY 20241 Texas•PACE Authority . . A SOLUTION . . . PACE © PR • PERTY ASSESSED CLEAN ENERGY Innovative financing tool that provides long term, low cost, 100% funding for o Energy efficiency, © Water conservation, o Distributed generation projects Eligible Property o Commercial (including non-profit) o Multi-family (5+ units) o Industrial (manufacturing/agricultural) • Special use (Storage, Data Center, Manufacturing) LJLv AUTHORITY i Copyright©2024 I Texas PACE Authority • . • PACE Act: An Assessment An assessment under this chapter may be imposed to .. ... ... . .. repay the financing of qualified projects on real • � property located in a region designated under this A�11.iV1A i Imllarab lavVelkellalar otrmN• 4nrv;tm _0.1. mar„�,c nAa..n chapter. LGC §399.004(a) a2 St Cavan.Tea`� ttln RmpaS. a wan4m . M..ary'Ay lartam Ia,o ha a. it, bra nec tra.1f�amca•ecdrr••.m.to la. a • a a I.a.Salla mar.a duo rail aarr. Marg "the Legislature intended to treat the [special] �..blr Wmd.isUn esua•aW ammo.irav,al h.rab grammar. exGrElvp'. •Oa rams.11alrAgVlia dap.)w d.L.[«al cb.amrm('d.w ^rpzhl m.rammt.by Be Imal gramma and.ml to a gm.ma as tlx rssl cuss .,...ma marry U.Au®,.�ea.re,m x LW ad®n r�a . assessment, at least with respect to lien priority status, ' Or iial-rlt am-•uaa ea.iernaSe N.61g4ivacC(HIdsA.iy-aall1admtr*mcca,Yn Out%) •ga]tlN Pr:N's csr he am .1.4a had Mto..,La paruaswWIl.lgwl RnayA enforcement and delinquencies including the recovery s..ay:...gx.,lir.r:anrakgma� .r¢.:a.ua«.k "cr;ttakr.- s tam.sr I/fl sva•).so,rannroF...da u!rwa:rul(w+aw rl:.ran, at y m aaa Iwv 2 tt/Vs.6i1.was i a.n 6 afa• -mar c / V.KY Is 12u:u-iaar9o-•alai ashy...s,(dt.a cra maira. ...9- atTaarh•[..mt.:I:&Sol cd a'Glmercu rn.Sr.Canal lobr'.1 E.1'w.l,.m al.m Y truararotat la au.fl Yd am,.bail m Ca matt Sr,el•l of costs and expenses in a manner similar to real ..raalama. ,.. s.4�r..........<,...la.a•r / u+l'.IMdllw6U.ala.s..M.111a11M1651�ITIm•M wW.an W.sfs^s •• • •a Or C...IflaH 4.1 T ..f ema12...sa..aapafCalan.ar 1•l mama Ta..m.. property taxes." -Texas Attorney General Opinion No. ", •a G • KP-0210 (Aug. l3, 2018) /'"')) LA)) TE7(AS.--PACE z :AUTHORITY t.. .. _ ,1 ,, , -s-ri--- \ THE GROWING Oklalonna@ ° erque ` TEXAS PACE m6,,,... , ' .r MARKET • }, • ,; . ,. 1-1 *2.::'-*-. ._ : r'-'''''' "2:4 ::, 4' -"''''--4,-.: ' As of November 19 2024 g YF ♦ TEXAS . 103 local PACE programs - , 4 '- .. . '' 49 Cities ` •,i - a ^ " R54 Counties 75% of Texas' population X. -. - `' covered ' . } https://www.texaspaceautr,. hority.org/service-areas/ ;lt..a ::® PACE, .. , AUTHORITY , Monterrey S :n © 20241 Texas PACE Authority Become so wrapped upin somethingthat pp you forget to be afraid "- Lady Bird Johnson We are living our commitment to serve all of Texas: TPA Facilitated projects in Amarillo, Austin, Bedford, Beaumont, Bryan, Castroville, Cedar Park, Clarksville, Corsicana, Cypress, Dallas, El Paso, Elgin, Flower Mound, Fort Davis, Fort Worth, Galveston, Grapevine, Houston, Laredo, League City, Marshall, Red Oak, Round Rock, Princeton, Rockport, San Antonio, San Marcos, Sherman, Texas City, Temple, Tyler, Universal City, and Waco. TPA was Featured in Texas Real Estate Research Center, Texas A&M University's Magazine, TG Spring 2024 Issue (`0') TEXAS PACE v AUIHORIT'Y' s 20241 Texas PACE Authority A Uoy1'ny 3JVd sexa± IbZOZ 0 ONIEJ) 04/nlBWW) WIWIM I) (ad/MUM paleau pa}sanu,l pa1a1dwo3 sexal ul pagsmeis3 panes JaleM panes se0 IEanleN panes Maui Palloll ZO3 sqO f saello0 sinfoid SWCABO1J 3mfd 0L8`LLL`LZL fi1E`08 08E`L80` 8 5L6`9t 9E7`9 OLG`L8516 $ L8 ZUL '' i -el •MI ON II kal. vzoz■ £zoz■ zzoz■ IZOZ N 0 ZOZ ill 6IOZ 12 stOZ Ei LIOZ• 9toz■ ,, -_ _..__._§. ___-_ __- -5 ll lin .— __.__�._._._ - oo•000'000 oozy _ 00000'aoo'oo£S ...... —_. � __ ______ -- --- ---- oo'o0oo0o'ooti5 -- — — oo-000'000'oos$ — -.._ 00'000000'009$ AlidlliflY ° tY S�IWflNAS ] 3VcISYX]! TPA has delivered uniform best practices since 2015, and continues to invest in quality • TPA creates a webpage for each local government that tracks program success and measurable outcomes; • TPA offers online service provider "Self-PACE'd" contractor Training; • TPA's Program Guide, case studies, flyers and webpage are in English and Spanish; • TPA's website includes lists of trained service providers, PACE lenders, helpful services, and consenting senior lenders; • TPA is one of a handful of PACE Administrators approved by HUD for multifamily HUD and FHA properties in the US • TPA is working with RIOCOG on a SECO grant to involve more local lenders in PACE financing to support funding for small businessesTEXAS<<PACE v AUTHORITY. 20241 Texas PACE Authority WHY PACE? • Improves assets - budget neutral/cashflow positive • Lowers utility usage/costs • Increases net operating income Conventional Financing PACE Financing � 11aGS 01%t 5► itt4 $ INCREASED ag Noy INCREASED -- -- NO I (/A f 615§ TIME TIME TEXAS*PACE ' AUTHORITY Copyright©2024 I Texas PACE Authority rill® • } WHAT TX PACE DOES Amy BEFORE AFTER r� t I � . �` 11I C � c - ry. '` i l N''' '' ' �'i!' : - � )'',•1 L4siZ „k)1 I 4 .y . t t� )� ) ) .1 +,� +- 4- ::Ti 1 4t,, 7{��ti. I .. it,/ ,i� ;r '1 �6. .. ,(�'.4 I G�... _ 1 -;i ail ,{ l'1q i T �f� ' I !'I� :^, ^s f 1 �•1 { . {;,'l l*'4{ .� .k r �i -II �:� ,. .. •I{g c� k • r? .,_ '' � _~ •` I ilib 1I�_ .�,. �t , n f F,+}� �_K, c�A� ) ra't t" ifjt z ' , t."') ',�„ ' �.rh Spr y::. s y). - �'�{ �i ' ;.�1 .. .c. ' !`� 1 Ihi i. „ 'i ..,; .k. - — ' r k -� - N �i �I The Jewel of West Texas: Barfield hotel `y' - . si-r if i,it; - ` ',1 N1 ,_ , officially opens in downtown Amarillo r y �� �'�' � ^) ? { �, flit David Gay Amarillo Globe - News r �� �)iE- r 1 4';17' � ..� � ' E't :J 4 —Ali.'+ Al'''• '`t l _ • - -•--e.—+t" h.'I-r I . �1-11; s"7t- :,u' 1,j' "••I I ®:r l t f! • ii ,,,,,.��'"^• * ,c,_ _^ •% I.. _ L ,,1.f T 1,� v),I,�E,'��' �l!! s - ) ,_�� '1.n �'t I �'°' , ; ` I -�t.ry R! .-- at t 4,',17,. =`a', :, ill I ': �I !:• r.-- �.''•` r=•1.L l .I r ., .4" C.:;i, t $:�..- 1 yl 1 I 1 1'-'- '`�...0 :. I �4 1,- -, iiL)1..,_:, ,-ii —• ¢ I I' 1. *-3 ..1 � II i '{i _.: ,-Lr, ... ° d t # ', , �i •.` +P , } s , • -,,.-)1,,,,,,:,,{,11*+�.� f-;_" � jet ! f _ �;r .1� ' cl � 1`r ,j( t E - - I I - , ` - , 'Barfield-Buildi, City Hof Amarillo- 1. ;;;_ a. fi ,'.�- ti t, .� 'v I.• r.�� I�' �..i� �I 41 r_. I a' I , ' t# =LEDTIr litin Bu Ism,ild n :,E velo,pes" Watevtmc,iency Domestic..Hot later„: ,„ g ._• Assess..,, ,. $7.. „, ,. __ -_ _. 7 %) ; FITC $9M/•T,Savm s.�_73% Electric y79 Natural Gas;,40 Vllater ` 1. 1 Copyright 8 Pak 7Gez4N PM,u or t 1 • Municipalities ' _, E . ,,,. PACE vim/ II Counties i : xi 501 (c)(3) • Governmental r Private -11___.:11 ,.,,,ti „,,.•_-- t 11111110 \--- ',.;.:- ':.:-) 141111.111 „Ai!, Capital Providers Property Owners Service .Providers is Copyright©2024 I Texas PACE Authority 1225 NORTH LOOP WEST , _ . . . , .:,,,,: ,,..... ,..„,..,.... _ ......._ - .., „,.......,_______ , . � . =. ,.._,, - , „ ,, - Houston , . �.,,,, . _ :,;``__- ^-, __. - f,,:. ,,,,, • - ' _,---7---,.. . -,,..... ,.._ _____sv,:-_—.. .. ., •Assessment Total: , : � ee ' : , -d.L-_ r ✓ .� x `+ ` 4 #' 74 :vim" rr $1,304,352 .:�,. 4--- ''_ t-t Cumulative Cash Flow Measures: • HVAC $400,000 --- I $200,000 -_- -- - - - - - - - -- j © BAS _ • LED lighting $0 2 3 4-. 5 6 7 $``--- 10®— ($200,000) Utilit1 Incentives: ($400,000) --_ $30,000 ($600,000) ($800,000) - --- - Utility Savings: ($1,000,000) - - - _ - --- - - -- - ($1,200,000) -__-._ - 4 38% Annually (\ TEXAS Vi",'PACE _ -Self-Funded Option Conventional Loan Option -PACE Loan OptionAUTHORITY r.€ Copyright©2024 I Texas PACE Authority .. u , PACE IN A BOX A tool kit of recommendations o pp►ps and templates for counties and p ACmunicipalities to: ira� Create uniform, user friendly, scalable, and sustainable PACE programs ® Administered by a nonprofit in a transparent manner, focused on gov't tasks; free market with decision/power in hands of property owner (') TEXAS. PACE ® AUTHORITY Copyright 0 2023 I Texas PACE Authority 9 I'. Vi TEXAS PACE BUTLER BROTHERS BUILDING g AUTHORITY HVAC • Lighting • Insulation • Roofing Glazing Plumbing • Irrigation • Envelope R E S _ . EFilliAL E3z [ X E LD U S E Assessment: $24Mr . 2r-4 ' Ajl'1rt''tl ' ',-.0 t:.'• -f s BEFORE AFTER ' i �f f 0 . ,,, : 4 1 4 'r ' dit ' ' il ' . r i. I sa�� t , I ry Senior Debt(EB-5) Senior Debt(EB-5)$44.5MM $49.5MM �' 6 25% I ^-, _ • . t . Historic.Tax Credits Historic Tax Credits . I $21.9MM 31 3% $21.9MM ( i I -� i 4•' 1,`I I I �'ti, , +' I i I r 9l ' ' -`-------., i P. f Mezzanine Loan PACE I . [ - I i '4 _-- - $22MM 15% 613%' $23.9MM _ • p 1 Equity Equity r, ` " _ ' $22.4M 10% - ' 10% $22.4M --- , I�'- — - -- - - - • - - o ` II -- -, _�__. - _• . —. ♦ _ 'E'try c `M.,-- G •iIf 1..L I . T I 9.29% 7.46% - - - Weighted Average Weighted Average Cost of Capital Cost of Capital , _ r Copyright©2024 I Texas PACE Authority CONTINENTAL GIN BUILDING rye *PACE W AUTHORITY Mixed Use - office & retail Roofing • Glass/Glazing • Ext. Walls Mechanical/HVAC • Lighting Solar • Elevators 'Assessment: $5M -. . v Class Member Class B OZ Members State Tax Credit Investor * -:r 4„* �. M1 _ Class CMember ,.,, ..: s r y e w fr:,r .* r 63.70% 3530 r. v i 1%/100%Sas <1. romrk , `-t., , . ^ ' ' _ .....:,. . TIFDevela Deve3.lopment t P Qualified Opportunity t'� I iz,;47,,,,____.:1 rAgreement Fund .% ":• µ ` 1 City of Dallas ) 3309ElmTIF,Inc. %t , . . '; _ "' , Federal Tax Credit Investor fi r w 1%during Compliance/94% - - 1% t t �� r`- S -- eherCompliance _ z 1 4 - _ : lir I w it +` _ Managing Member100%SHTCs — .. �� a I r I 'W ;! PACE Lender FHFCContribuGons ;T $ !' p , : : 98%during Compliance Period G r }. a _ . c Bridge 5%aherfompliancePeriod — — B 3309ElmOwner,LLC — ,- 4l . J (Owner/landlord)(QOZB) s +�'• •`} 1- ' ? • Construction Loan _ —�1 � .�il1+`/`I is I d ' '' ‘' ' 2 - .� '' .,.�. f _ `� `47,Copyright©2024 I Texas PACE Authority ` PRINCETON SELF STORAGE _ _ ;,,,,,r, .,,, _ p,-. c. ,----e. Cityof Princeton - ,..: . . _. -. -, - : ',., ' , ,Assessment Total: -,.. !.. `r ' $,2895,206 y v ;-r,,,i, ,,,Mt: „-.1.- " Measures: i mon �ag -y �,� > t� gt 0 HVAC & Controls �. :,, :�� -- - ar g� a Building envelope I {(, ,- - -; ``y-� Water conservation *,i � 11 • i �� tits : 1 .5: L - „,, Annual.Savings: f `' ! ;� ; i_ � : � iM1 4 '--I i ;x' ,‘ ILA 190,708 kWh �f ._ i 'j 1 Ear__ -- _ , ' �li i� , r - F n 4)TEXAS>iPACE _ . � AUTHORITY - Copyright 02023 I Texas PACE Authority BEDFORD BUILDING {g ) 'g'EXAST'. PACE AUTHORITY Cityof Bedford , Tarrant County Assessment Total: _._ -__-_ 1_ $499,994 Measures: HVAC 4 > Lighting Window seal/replacement - Building Controls F • Annual Savings: F-- , 83,753 kWh _ Copyright©2023 I Texas PACE Authority THE SHOPS AT REDBIRD �s TEXAS r�PACE W 'AUT IORITy City of D Assessment Total: $3.35M .T u ,., Measures: �5 yo`. �XT`, r�l 3t Pam.` g t `A GRR • o — s' Fu vfr„ [,, x: .e -- - t4 ' oJ ' x ' r o Lighting S^ °�-' `} 4y I � < , PlumbingRR -at . 7 t . ,o r , 1'�� ,�,��, �C ai � i � s, ��� p " ...'-, r ...ire .,•_=._ai@�ykN. &eP6EPan, Annual Savings: .r - : = i ■i®i®I1Ci1 1 .L,1.1 1 • Energy Savings: • ' s , t'. •, ,4 ' t ! 'A ? . - - ` - - .� 1�- f ; 673,784 kWh MI —�, 1 _ • Water Savings: . 3,420,000 gallons '� o; "� , gt 4-,---...,...,4-4:-0,„A , zt, , - ,- - ..4,-,..:,_. x` -AvoidedVo2. S - 351 tonnes 'k- ,may :.te,Z «y E. . . ,, . v d, . p -. ^t . Copyright©2023 I Texas PACE-Authority , • • .. • FALSTAFF HOTEL C .�TEXAS*'PACE Vz AUTHORITY Galveston . , • . Assessment Total: . $5,622,500 r. Measures: - o Envelope LED lighting 0 HVAC Plumbing ,. e Annual Savings. • -.Wzr.....,...w.... ..is........._.:,-- - a ,' ., 952039 kWh _III; � _ 1,022,000 gallons - r Copyright©2023 I Texas PACE Authority • . • •. • „„ . .4j TEXAS*PACE ELGIN GENERAL STORE. ta AUTHORITY :Elgin , Bastrop County . . • , Assessment Total: 1- .! -..• .. . . •. .. -. . . - . . . -. . . . .. •. . . • . . . . . . :. $120 000 • :: • .. . :::.•,. . , • .. . "' .• ... C.:.. .,.,.. .. .. ., ... .. . . . . • 1-:: . .-:: :. .::: :. .,:: ... .::: :. ::: •. .. .. .-:: :. . : . -] ,.::, .: :.::. :: :.::- :: ,..:. ..: • - • Measures: 1. :. : ... ... • . • . • . • ,.. ... . . • •. . . . . . . . .-., -. .. . - • , .. . .. . > Solar i:. ... .. ::•.-:.. •: . :: . . :: . .:• • .. .. .•:: :. "" ,.::, .: :.::- .: :.•:• .: - --- •• . , . . . • .. v., ,,,, ,, ;-.' ;-:',--..,:. 1 .1.1 •::1:„.--, ..' `.:,:.' '',--,-,-----4--;-::::i 213:,:i Annual Savings: - " ' • , _ __ ,..• „..,„ijar .„.• _ •.•: --,, :-., .•-!,..'- _ 1.•.,-, , : ;.i. ••,,. ,.,„ . ..,. I ,!., • -:,' • . . -,..i. ' . •-,,... , „ , . ,,•,.)., !; , i. , , ,,, .! , i !,,,,,.,.;.•,, ! ,, ,i,I. . ::. _ ,. !•! .,, ----- l''''''' '''''). '' ' '' '-' ELGIN IN . --' ' - • ' i ' 26% :: :: , t:?1 ' . ,• , , ;;."-, ''',-t' '' 't- — - ' -&' - - I.f.'•;'1;. 1„,fif :, , ,,,,. . '..: ', i4 : ,,,1 , ,, ,,, USDA REAP Grant &Oncor Incentives: : '. ' :1417,-“1 ,11-,i,::1,-,,-1‘7-17-'- ' - ''':'- ' . '. _ ,::::-::',':---:„. .' ....e,,,,-,„e-. .,e,.' . '21-:.,*,..-4--trA`t•;,,.•--,-,i-iiti-iiin;-n2,-.}--.,-' ',-.:'''''''' • - . $62,000 - _ _ 1:4?.*:•• .W . ... ,- - ,,,, .„ ,,,,,, 7777-7---- ' "... . ".-..--, 1 rq, zeit _ . ,......._ , •---- . , GRAVELY:•-ti C - .... , ••••-•ft . t, • ' ' ...--'47,zz- ........ 1st Local Bank Funded TX-PACE Project . ..,,- ,t.1 A t li -, . , —..... ---- k%Ntitron'a, - Frontier Bank - .. , - -•-k ov --,_-,..-_--- _ -.-_--- -.. ----a- .. __ , __._ - --_- ---- _ _-______. ..... _ - --_-.— ,-... -- ---, _.... . _. .-...... Copyright©2023 I Texas PACE Authority ' . . . . . ' . ' . B&B Theater, City of Red Oak CITY OF RED OAK _ ___, , ' PRO3ECT NAME: PACE ASSESSMENT: 'i'`' Ali's Theatre 6,413.023 :;,-:,.:.::--:1':::::'',''''':-_-k:-71i:-.4'4'i:,:' i''''I1''''.':.:;;:'''',,..•47,' ._a,.1I.1:.,•:,•',•.'-.:4-:-: 'r''.:-:....-.,.. :.,-„-.—.,.,'1,—C-,.,.'-..:*:.7..-' -'',.Y,:.a,'',:.a '.:'.,l,!;.., , ", i Recreation-Theater •, a 'I i I : . QU�1hIFIE® alu1PROWElv6ENTS: ,, 1 I 1 ! 1_._ _ Building Envelope, Lighting, MVAC, Plumbing and Water (; 1 ''1 f i j.. . -- Conservation film IttrIrrors-. 4,k " ', y.tor ANNUAL BENEFITS A. t .' 4016 _ F_ Energy Savings Water Savings Avoided CO `x +"�`` 267,�132 kWh 4,200,000 gallons 135.88 tonnes ( ) TEXAS 7-,PACE ,UTHORITY Copyright©20231 Texas PACE Authority • CENTRAL PLAZA MULTIFAMILY __ _ ,• .. Temple, Bell County I . I P' 11 Assessment Total: $1,025,000 ► , E _ 10'4. tif ''11 a ram_-,_'� Lf�j� Measures: - r Mechanical °- • . r-' �� 3, Y- �' Lighting N-„ „• - - -• s a Building Envelope _�— } . 7 o Roof rr `—� t,_7— - ' r:-a c 1 _- 'i`�'.._ .ter !iiii r Domestic water heating :,_:: .,,,.,;0,, -- � , „ , y��e�n. r. s �� � �JrAnnual SaZigs ings:_ �=�; = =:.. - E ' y. __- f 1. jJ Energy: — �F\,,3 5►>- �. ) 1� f .!.,_ j ,-. , i) - 17,/,!), ,a TEXAS PACE „ J J t, f J , �J� ;t ��IF AUTHORITY �' �, 1 r l �� )= t / r Copyright©2023 I Texas PACE Authority PEARL POINT APPARTMENTS PHASE I Aransas County I Rockport :. . . . . . . . . . . . . . . . . , • . . . . • • • . . - . . ... . . . . . .. .._ . .. .. .. .. . .. .. , ... . . .. .. . .. .. , .. .. . .. . .. . .. .. ... Per Point :Ph, I . ... . : .::. , . , F rt A ,e :rn .n.t .„ . (R polrc . ,. . Pvltelcv gl . :. r M ��y ��p -+--ter K •' i,�� C Origi Lill in 20210. 29 54 p9• 4; J: �'�- .� Illy. 0 r. • • . — - _ " _ dd iti • �# yj I • • •' .. ��9y•.v� ,[�{}�p}'�i� 7�1yt�•t�9. Tryq� �I�.p.Ip�. C ry f9• p+ny 1p� - �I 14 _ � T � ., ... 4.•l.•l.N���,tl ;..0 L��L•� '4f T' :4tllYv L-5�et e.:. '6�L���4H.49�' �.- '�!•dK Y�YI J_ �{.a ,..tsaa�' ate. taivc��• j.L hring:p 1 aTe - �1 q q` � r"` <•, at. tv f;' "•y #_ II'1-0" ' .. ® Exit rg'1 Sao r - 25 6' k ... - _,, f,!'� Ji" 'S __,I,•KT •, 1 '-k IJ� Ir f - .-- .. II ., of. .:a.. .VULdled 6 2:intmtteS Ir? ,._ _ ... i =-• ,: _` - . d ' TF . PACE . . . . ,•?, 7: $'. .� , • : g::' AUTHO' RITY ;; Copyright©2023 I Texas'PACE Authority <,d?' TEXAS PACE COLLEGE OF THE MAINLAND AUTHORITY League City, Galveston County Nonprofit n s �.* ;t * _ „. . `':.3 �' M�.� �� ¢ � ,fig ! � � I�. ...�, e, k Assessment Total: ; , a 4 2C �. #gip . 704 000 , k aY * '.- • * ' *'*' ' V' 4 f R , ji . fps.., " �'� ii4e �- ,z , Measures: - _ % y :� r. . ® Lighting • BuildingEn e p o Water Conservation •�. Annual Savings: Energy: 32% o 7Q o Water: / 8% _ � bF .€4 r a -' • " �� «vr r s yry i ybe 0: 4.4 '°'* ,,,0: . _ �t'' _ .t •- .# + �,nw. �-, `. a ,� i y�".o- - '� '',�c 4r,." °n..., "d' .W�. n .,„ate. ..- ra. .a Copyright CO.2023-I Texas PACE Authority 510 Collective (t) TExAs*PACE 1:2 = AUTHORITY McLennan County, City of Waco „.. $ 2 42 Assessment 8 Total: - - \ 1 ' . 14I5 1 IP • , • I ' :.--ri; Ili ' - '''- ..•-'11. -• : .,_ ., , . ! ''.224Zfilirt A%-.'7'-; Measures: -4- 1r=.„.„-......twa-_,, I I 1 i "''-- ' -- elip "-* -ie..... 4.1 " Building Envelope . . . L--- 461 • ic- ' . 0 - : - " • 4 4 '' ' gl 7 „ , - : "7--".-41 0 HVAC - ---1--- ---1 - !-.. . ,, 1 ..1 )tlilltP im 11 IC, „1".7.kwililif -', -- ,7-• ''''-....,.,-..„Nomemi itilialir ----1------••••-z-,-,-.-•,.. • e. Lighting - , ,1- , . ,,..11-_ ___.0. , , , -- -- - . ig._ .,, n.9 . 1 - Elevator l_ ,. ,st,...„..I , ' „iicA ,o. ,.. °it ,4 1, ..... °-I '• CI. Plumbing - ___vi, •---3.t. i i'.,-..; r • • - , - - , , Li : ;ik . .i '471".•-•!i" IV:, t • 7"‘' grimpl air.F.r., ., f.4-,) -',-dg'..oli t ...- - - - :---', - - - , i , ,, ,) - ..0 Iffilt111111111 SHIN F, Annual Savings: 1. . , , 4- „ , ;. 1046 ..- :17,7: ' iTi. ft,,, ___ .. . _ Energy: 327,162 kWh . _ __, ••• _t_ - ----- 4 -- -- ..„, , IMF'".- I II —_,...... ' . ., i 1.11.11 1,469,.w„,-,-. , Water: 000 gallons --- _ ,--,-„-1 - - - _ - - .-+,•••,-----ir___alwi - .,- -,--umpo •- % - '''' a • , ----. - -,...-. -3 . . " - -,...4,:,--t..). ..-m.ytAo '0..144--;—".,-1/4211.•,.°,:t iF,''-'..,-,s,......-...,1—• .',Pp',1"-e?.,..-a,..-1/A,,, Natural Gas 6641000 BTU .— -,, L-.---_____-- , .,,,,,,,,,,tf ,. --,-,4.-4.•-$-As.f.,- . ,4,,,,,t; •kgv•r_1( ..., 11_,-,,,,.! , ---- — t ,.... c.v.;4,A,„ • -.. Avoided CO2: 205 tonnes , . 4...v,-4,,,,,,,,,,,,i.,..!..:,1,,,,,4)163,....,, : .;*.i*,.....1.Aiw,44.,. I . ..., k...:1,11.K.`.., .,......._hrtba . Copyright©20231 Texas PACE Authority i _ G, i s4^ -"qr I I i CITY OF LAREDO PROJECT NAME: PACE ASSESSMENT: ++ ' z i _ . +: Concord $3,577,294 • ' Multifamily& Retail 1 I • QUALIFIED IMPROVEMENTS: l ., +'. , I 1 Building Envelope, HVAC, Lighting, Plumbing, t ;t Domestic Hot Water (DHW) Le''' ;. ,,I , ANNUAL BENEFITSIL i "` �` ` i , ; `,`( t Energy Savings Water Savings Avoided CO2 141 r , t... I h 305,424 kWh 691,000 gallons 1.58.93 tonnes P . t JL,f � } ' �� Vt `;.r'' r : "' 1`1 I iI R i ; . � r: ' f 'ri.Li- :,,Ix,,'''\ j:-.4t,i ray, it �,®`�TEXAS• PACE " - _ _ _ _ a - � k w Q .AUTHORITY —".-- a, - �,a'�� T w Copyright 0 20231 Texas PACE Authority TRAVIS BUILDING • City of S an Antoni ® AACOG Re ion �s� •8krt..t' ,a J� �i 31b i.t .' o A fs z� ), s x ��. �}r 9 = Assessment Total: 0,,0*� � ' v a -;„ yl A4° C T-fe $5 0 92 6 84 -` s? p l_=�' i� S' r k dam¢ 3��r�.. Ass -k{',i;. ►Ji` �4 � •,-, 4. ��£�t '� / / lilt a N4, ' 1. �Ar ' sii� 'f'y�Q, a�,sA 4y 41.0 _ , -s llileasures: :,• _asim �� HVAC . • Q Envelope =�`V—at ' - t LED lighting .a mut-T--- o Roof .,., _ Ai 0 Plumbing -- Zvi :. `' - �,.-- Annual Savings: - 396,298 kWh AACO7 .\ C ?_- z y 233 m m BTU a + TEXASt.PACE Alamo Area Council 702 000 Gallons ® AUTHORITY ®f Governments Copyright©20231 Texas PACE Authority • (( ', '�' S A-PACE Plaza Hotel AUTHORITY El Paso , El Paso County 1 Assessment Total. i. __ i_,-; Iii11:70 �3 bi,ri k.-'-t 1-,i,., L3: ... Measures: i. . - : g a I HVAC �:: i i,,.1 T-I:::,,d,ti 141.3:1- Lighting Building Envelope 83 I 1a H '� s r ' i E it Annual Savings: '. f aid did,,°m E1 Et U g m d1 8 Energy: 1 ,488,687 kWh s. !fl l- �_° _ � . n ' Water: 770,100gallons _ ,' - . k �.1 x j r F r " 7,.te- , '64' '-'- ' - 7-4 ;-,.--' , ,'' • ---*11' 1,—, 4i Copyright©20231 Texas PACE Authority (:4`�'�TEXAS AUTHOR PACEITY CITY OF LUBBOCK ....„.a PR03ECT NAME: ? ESSMENT t i ' —� _ t, \ 20,864,230 I 1 1JJ1fl '1 ` �. � , _,` Nonprofit- Recreation i , l ` 9 QUALIFIED IMPROVEMENTS: �' � `-i • . , ' I� ,>: .. _. S a,t {L'�1 f ,C' it "-- '"-' 1 ?'"`rams HVAC, Lighting, Building Envelope, Plumbing G. x �] r ;` r Y+ 1 ANNUAL BENEFITS �, y ito�tro�lu t1i ' `\ � `. � i_ i r1I i 4_i_� t WNW Energy Savings Water Savings Avoided CO2 2,965,134 kWh 4,401,000 gallons 1,542.96 tonnes 1111 P .fw \ tr C ;J. + i tSv� � b ,`i,` (�� ��� (t'v4 X t ` '-- - .��•41 .k . /w r( .. ; 0� ti -- 1.,,3 l •f. !1 ', t. i f adY t s. Y- 4r. . i i F, �+ly_ talk* +ate'F r' �. \t 4 v!tt.'"v ,a'1 .-, t',� y 40%1 * * 44,, " v,+ Sy k... it A J ' �.0 A rr fd,. Q+.,."S'wk, y. .•y�• � j ti,+ S"''Lr J ,;-�1,-, i.. iy ,iii ,'ff lip. .,i 4 g-T . yltit - }" ;oh �' ���L'•''``', r��- rye 5.\ "c Copyright©20231 Texas PACE Authority HOUSTON AREAr. F ,b ~R 4 • URBAN LEAGUE , ir) 4- i J (. 4t. Assessment Total: A fi 1Wt re1tNwu 1 •�� $891,167b. r. '--_ w 11 Measures: , r ,.._ , ‘ - ,-,,,,, ,, ,F�' ?` -- ; Building envelope, lighting, HVAC, ' _ ` ONIM =� -3 Water conservation; annual savings: 1.4% -'5 _ � _ Impact: "Overall, the Houston Area Urban League's participation in the PACE program provided tangible advantages for the agency, including improved energy efficiency, financial empowerment, environmental impact, community development, and increased education and awareness." Eric Goodie, Executive VP ' 'TEXAS*PACE AUTHORITYY Copyright © 20241 Texas PACE Authority STRATTON BUILDING tf PACE RITY AUTHORITY' Cityof Wac® McLennan County v, .5�. aP a. gQaf ,... � t 1' ,, - ' .r !', b. t °a^r t1 r s: 1 A'�'5 i� Assessment Total: , ,, ����� � �� MOW � ) t J • Measures: ,.��� � <� � � Mechanical :`'° ,j..� ; N :, ,,,. ,- LE® lighting §o� � � �a I � 1 s ; � . '�lc Am,.� 1, flea �W I �', ti � .� . q; a Roofing IA id i , .� ;�, z �; . —_�— � W� tU5 r Jt u1..+..� ��� mym, -11 afb ilf-'•�.• i. P o Plumbing .� -mI� S �'' 1 � ' le : 4�= t e t 6' ` 1 ®. Iy 0 lc,: .� r Annual Savings: 1 YID► -1 f j � I. ! ���#k.:T L - . 561,203 kWh• �, -c--r =tea 4 ' Y �� Y z 162 mmBTU �1 °� �: _ _ _ 292,000 Gallons _ _- _ °� fit. - =-` Copyright 0 20231 Texas PACE Authority i , i„--, . Sinclair Hotel f F . - "'€� . #� p ' AUTHORITY Tarrant County . _, _„,,, /}. diiiii ./..1,115.--- ' 1V .. " ' x i 'l+�y- ‘1. Allrp4,/." 3116t 7,.. , ,,,,_ "li , r i eri 3 Assessment Total: - '.P"u17r^ • e�, , .G s e J --' `=0.— a j s 7�o' i r 7 { $8,219,116 , 1 ;, f ._ , Measures: 1 ; ' ,e i r, Y V .t. HVAC ,0' 4;[e . _ L Lighting .� Building Envelope - - _ 7 Water Conservation 1';+ Annual Savings: i ,t, Energy: 35% , 1c, t.i 4' Water: *t , 38% - ,;�,� i ti p,- 'j ;'; ::,I Natural Gas: 60% 'f ., ��, m. -- �F- -- I.1 Copyright©20231 Texas PACE Authority JEFF DAVIS COUNTY PROJECT NAME: PACE ASSESSMENT: Alta Frontera in Fort Davis $3,407,183 " * `. : "tea, ' �.., .s Hospitality - Hotel • •.i S�dY r ' ,§Ay « .,t, � r,,r - ,. ' � '. p Y i.. i9 l00,4,,..,J � .r, Yc, , :.,1 „.,,,,,,l, '' r.",`Y,rji "tip, �f4/rami • '�"'>l�`ts• "Y:J `,1 , -4,,,,a-4, vv��,, F . 4i j�- `,' T, ya 1,-.4 r(r s;+$i _ �'.---"'. 7,1444 rY,r!-'a i+P4 'f,:(i-'',a r4 q4w ,-,poi ,f ,ri:''1''d�.trs't,�.44-'.1R;.t.--'` _ QUALIFIED IMPROVEMENTS: ^"" F _ - ) � >��. Building Envelope, Lighting, HVAC, Plumbing:and Water I �'� "° /� rl —>; w J, Conservation f��., �,�� ,-r gin; •f ` " • ANNUAL BENEFITS , �,, ,',,, .,.tit),,. ,µ s .,—, ,_ _ ,. .1.( y r Energy Savings Water Savings Avoided CO2 -_• ,.� awr ,. °• � • ,�`F4 648,049 kWh 860,000 gallons 362.88 tonnes -;.fit _ ')-- *j °�e :yam, r`j :k ^^. ys e�S.�-••• -4*-14.. . „yz"w�S-`r.4'.r7', +i"`f' v{� ^ , S" t £e f, .�'i i ,. ` �G°� � ��'^ .�i'� � �.^a•rZ ' 'f•'. i5" �a9,wy. r�r T { '4j .11 tC�`.��� � '�^`.q9 i,s rf"`�r �.9�}y`N��l"'J;+*��`FrrA f A� ,}� s°�. r ,l�"jt` 4 .� `'F J ^�r w f .Y.' X ' �,7 r .c' ,' n'�'t :; .^~sil' ' y.. A. # - 4. s i4i7 ' kk .tom ' .. Sri,, ,.,** '''s c < „� : , l «.* � .6�.. 4 k>. .-�' +,T.y,hg o,�: '� f { �cm ,�,'t n� l �,� +�s a 1 r�'+: w 1;s i�SLR' k`-r ,Z.:,f"7y�• t� 1.y S(�y r�t r7„ ' .f f0� 1 ,.ee++yy .?\JXl•. d-t, 5 " •,14' , dn}. 'f f y�,^', s ��'r a f cJsg Cam" { % a•.bc,/• f\I" '�� fit: I , r '}`t t� 4 4. 4r TEXAS,.PACE �' ' �tr;. ���` � ':, , �� J % Et W AUTHORITY r*� r ; r { { ..3 , t `. °\ , , err 4 { , ,"+ >y . ( J'7 rr , p`}`'' • •i •",. •• �� %r r r t+�f'{ L1 9� #i CJ 145�" \. ,'k*s: 'it-r,1 `'.w.`, �rx Copyright©20231 Texas PACE Authority FAMILY ELDER. CARE `, ') T .,.PACE 1 AUTHORITY Austin , Travis County . . . . , . . , . . .. .. .. . .. .. .. . . . .. .. . .. . . Assessment Total: , . . , . . . . --A-..-,,,.--, 11ti$260,000 ' ' !s a. �Y 1 • Measures: � �` , ` a1'' Solar 1 • �, , -0, - � : o Cool Roof '`& C s Annual Savings: = = _ $20,000 6 • ,� oR1 N .- r '' `x' ' "r - . *'14, Alls+ 6 . • a .n 'f . w r`,. Copyright©2023 I Texas PACE Authority NEW BIRTH BAPTIST CHURCH 11-C)T s=,'PACE v AUTIHORITY Fort Worth , Tarrant County © Nonprofit Assessment Total: $152,130 PACE Measures:. .. . .. . Solar. ... . . • • . Annual Savings: • . - Energy`Savings: ,-- � • - 71448 kW h • t E . ti a ° 1 "i L .fl - - ::-i- , :' , { - • , - r -..- . 5; -: 'I :I..:7'',..2 : s Copyright:©20241 Texas PACE Authority PACE is a WIN - WIN - WIN (WIN - WIN Property Owners - lower utility bills, energy independence, energy efficiency, property value increase I Contractors - source of increase in business, more local hiring, best practices, keeping up with technology advancements I Lenders - new loans, steady & stable process, fully collateralized, Tax Assessment lien position, improved asset value I State of Texas - reduced peak demand, enhanced grid reliability, distributed generation as resilient power source, improved air quality, water resource conservation I Communities - increased economic development and jobs, improved building infrastructure, more appealing building stock and plants s,a, TEXAS n PACE .AUTHORITY Copyright©20241 Texas PACE Authority. POWERED BY: _ 81 00 00 it _ 1"' pA � . • aiV 1' AU III I R I T If all the difficulties were known at the onset of a long journey, most of us would never start out at all." Ei 0 — Dan Rather L ' Val." INZ IV Charlene Hey din er ; ' el no Charlene@texaspaceauthority.org ! i` o www.TexasPACEAuthority.org 0 , Jr , Copyright,.©20241 Texas PACE Authority 61, At.a • V LONE * STAR • ®:r PACE 6 2 `tom 5,�r r Q 40 ^ . ...' • , x u rJ , e * R gss ',' ,a ra'+u� -a may,. . . t 111111 • l'4+7"11'''': ':'^5.-/• ,' .e--- , '-,1f1.4A,t1P`,./eq,.; -,-4.il'-'.`fiii.41'‘..'' '[.... •:. , '''... • '...t.......1'.;', .,-,- ', ' . ' f .' • • `� _ r• „3tl ' r . E, ", a' x, '' YET' 4 ,c' 6'. W rMom' s w .„,o., f...,-,i.;. ,-3,,A4., .,,,;;,„:'*. ',',--, c: _ : -..:--.. ,* 4tirF't,,,..,.*- v:.t; i '..'-. 4' . v 3 f' ffP . } ' r ° 014 a' •x •Srt a G Sta1tJ4' yeonePACE Dinerence rf ..ee • 3 ' COST EFFECTIVE', EXPERIENCED, AND COMMUNITY FOCUSED Property Assessed Clean Energy(PACE) program for energy efficiency,water conservation, and renewable energy improvements to commercial properties ANNUAL 2023 REPORT ',, 7 3y s - 'i*' R • r'.i.•,ii:570•:'''':.--'•': !.:44;•a.:.,•';;-,;i,•,,„:.Z-:.•...,;„1-•..:ek,.„,i';.•-„,..„:„'.•,•,::'„.'...:.,,...,=•1,',•::;1-.'-„-t,-^'Tf,.:'.•...''7...,.z.,„,&:.',,.'..,4„'#:'1'-:„,:c:,''.'...^':.„..,,,5^',-I,,,,:.I,,1,-,.,...%',,,....,.-'k,..„.„'--'',q:„',.fm,t,,:‘,„t,'^i-:.,..,4„..,„.*.,,,.,•.--..„,.,t„! �i -jr..YR'� iQ�t fzs ks.. v „.;:,,v,,.:-,,,,:'F':i..,4^.',,-,,.4.:V-A,z,,.0..•.,:.fc..,:,.,:t„.0a;4i3O:,,.A..„,-4t,U.-.A,,,.,,5-.-A,-i$.,ik,N.:v.::,„:.s.44.„':.pa.:.",t3li-.,.::.z.„-.-ot;..„zr(.e.Q-:,.,.-,.-,-.4.:,,.:.;-1:- ,,..1'.i.:5,6.''.;-'il The Lone S tar ,.„ ,:,,,,).-7,.,,,.`;,,.t,-,.:'.,..4,„„,.,:,,.- i r -PACE Difference ;, A. : COST EFFECTIVE, EXPERIENCED,AND COMMUNITY FOCUSED Mwq t d'`SF i t`c r il' ,4 xtX{i Tpit!A_. 3' r Ys I MESSAGE FROM THE PRESIDENT 4 °w " r II LOCAL GOVERNMENT 6' ,} III STRATEGIC OUTREACH 8 Zr:,1A. PACE Overview 10 w.SO G fi rF ��k �' t� B. 2023 Highlighted Projects 12 C. Educating and Training Stakeholders 20 D. Expanding Reach and Availability 22 O y'r t t U` IV OUTCOMES 24 y '0 art 0w A. Project and Program Expansion � �, Partnership with the Local Business Community ` Y� ▪ Conservation Impacts a :" ., kit i. B. Key Insights 27 b z�KY t s« ▪ Adaptation to External Dynamics �` •�. ▪ Economic and Sustainable Development Benefits :_ �. i.rlF;:-gt- y • Education wt,s. ✓ , "' E"#r7'g 37 <<� V LONE STAR PACE LEADERSHIP 28 =t ;; x .t VI COMMUNITY SERVICE 30 {h'' VII CONCLUSION 31 A. Program Expansion and Outreach Strategy B. Future of PACE in 2024 and Beyond t� x ? 2 SECTION I Message from the President On behalf of Lone Star PACE (LSP)and our dedicated staff, it is with great pleasure that I present to you the 2023 . Annual Report.This report serves as a comprehensive °`` ` ' overview of the notable accomplishments and activities r , undertaken by our organization throughout the past year. z. ` Lone Star PACE operates as a program administrator with / a core focus on advancing investment in commercial real \ :. . estate utility conservation measures and technologies in the state of Texas.As part of the broader statewide economic development initiative known as Property Assessed r Clean Energy(PACE), LSP collaborates closely with local governments, energy sector stakeholders,and policymakers. Lee A. McCormick Our shared objective is to promote energy and water efficiency while simultaneously supporting economic President, development through the PACE program. Program Administrator In 2023, Lone Star PACE maintained its commitment to training and outreach efforts within our participating communities. Notably,we expanded our reach by adding three additional jurisdictions to the list of cities and Throughout the counties that we serve for a total of 21. Furthermore, tt year,Lone Star we witnessed substantial growth in activity, successfully o PACE remained completing 1.5 PACE projects while actively working on w steadfast in our mission to numerous others at various stages of development. underscore the economic and environmental advantages LSP also played a role in the Keeping PACE in Texas o Technical Standards Working Group—a coalition of PACE of PACE programs in Texas. stakeholders responsible for developing updated standards We firmly believe that and guidance for PACE implementation in our state. .z; embracing PACE presents Our primary aim in this endeavor was to encourage the a significant opportunity to adoption of consistent standards for PACE while allowing kenhance inclusive prosperity local governments the flexibility to tailor their programs to w and sustainability across our meet specific needs, so long as they remain aligned with great state. current legislation. .1'6: w W 0 U ' 4 Throughout the year, Lone Star PACE remained steadfast in our mission to underscore the economic and environmental advantages of PACE programs in Texas.We firmly believe that embracing PACE presents a significant opportunity to enhance inclusive prosperity and sustainability across our great state. Our unwavering commitment is to expand the societal benefits of PACE programs and advocate for their broader adoption by businesses and communities throughout Texas. Education and engagement with our valued PACE stakeholders remained a central focus in 2023.We organized a series of online and in-person meetings, and training seminars that attracted participants from all corners of our state.These events featured webinars and educational sessions catering to a diverse range of stakeholders, including Economic Development Corporations, Chambers of Commerce,developers, property owners, lenders, contractors, and other influential community members.Additionally,we made substantial efforts to raise awareness of PACE among diverse communities. Our digital marketing campaign played an instrumental role in reaching a wide array of stakeholders in the communities we serve,thereby increasing awareness of the PACE program. In closing, it is important to recognize that each of us has a role to play in reducing our environmental impact and creating a more sustainable world. Small actions, collectively undertaken, can yield substantial results. The purpose of this annual report is twofold: to showcase the remarkable progress that has been achieved and,to inspire increased engagement and action from both the public and private sectors. While we take pride in our accomplishments to date,we remain acutely aware that much work remains. Our collective efforts are laser-focused on driving long-term, systemic change that benefits individuals, communities,and our planet. By working together and harnessing the power of collaboration,we are poised to create a more sustainable and prosperous future for all residents of our beloved Texas. Thank you for your unwavering support and commitment to our shared vision. G 0 5 7 o f7 9 f - ' , SECTION II - , O O G ° Local Government 7 , .. U PACE financing benefits local governments by expanding the ' tax base through increased property values, creates economic ' ` '' . ` • development and supports sustainability goals. PACE financing o also enables property owners to make energy efficiency,water conservation, and renewable energy upgrades to their properties, . O 0 U which may lower operating costs and increase a property's overall efficiency and marketability.As a result, PACE-upgraded properties . • often have a higher resale value, making them more attractive to buyers and tenants. When properties are worth more,they generate more property tax revenue for the local governments.This provides a stable source of funding for essential public services, such as schools, infrastructure, and public safety,which in turn can improve the i:,../'.• ^i I 9filII i .n•" • t"`I F n;i • di. l. • i lIl l 1 � � ■: ■ -�C :.y: m -h l I Ill . is is_ s '`■::: 1-,.• ' � III :; ------i_ .:` '`'� ...■ ' '�1�_AL__II 'J wfl� 111,7 I i.in .na—.u:i !I. -Su‘ • ioanl uc a vW(F;. It Bf ,Rime .l r.:: ,: r : gg{ I: i Ill:' 4 i N-f ■ ■. ■o - 1 1� 7 CI • f - jrlrr d.,. {:I I fir :gyp n u - ■ .1Fn !: n J:> '^ 1 -• .r, . . uu . r37[7PF c. • ! f;:;.-clJ..:1] 3+"^.T II ig '. .■ I.:?; -�' -. i 1 ,, • � �. .. - ! gs., '9y".." '7 ra s+ffi:' • -LLr�7➢BII.'e�hs � . - I ry '' �..•. , Y • i �.; f "d . ` i'=a O111-HL_i W I 1.J i .. F 7-. • ,7_,, ,T=y+..�rt5-">.+.`a s.,ly.� 1: -- = ! >s�_�.�•.-".:;'f- y-,,.;< ,;6-�:r�:? sF,i,',Zy.?�I ' ": 'i�..: ',:fjP . _.. r.. .: • :3�-`+. .- <:''.!' s„-,,iS-''�,u ..,t v41_,,,, `- •. >.-ay r k'. ..f Pr '2?+€G,'5..7UJ7::'f�P:`;,• e . nt� '.�'-tv4'�Kt-sf3'x a ,s I y C "ti•'E ,..-*ra'' ".+.,. kl, ... •N.,r ;� r • .iu J.^,;J s .. of 1... xfi..+a. ,� c ''' .- "" k ,''-.co,--,,,,r . ti. F r �... " n > ., ,Ct'',y ..'4,T'Y:.4,';s4' ..., �•�frw<v'" `tia-^`c...-• hs; ' t^f •• •fin -" i.� ,,• - n „, > y,�rs -,:-<:�--fit 3'.'vy r -- .., y. -*. - ! ,t a - aa: r riff H�,�,r L. • Y 6 { G } d , Y,,,A.Y tii. S S`rr.! c - :� • (� � T'+,t < �• y ti Y h �t Kid lx.'��1����=,i^ l� S �}.R �i^y Y f ov.f.�+<. p t �... 9'A`� . u a! }.. 'Sa f x Y ,i �-r" t y 1"' 'f t z l.`�E r `'',°E^5:5At,' + bpi' -,1 '+�,t, v. yard p• ,- yr > °� .'. 3 t.f:F r r id aJ" x d� xt , f Y �: r a 4•r X ,r:{ Yr Ty ., ,' .,ru*• F4 tp1s4 4�'•t,3'•"R3. J �I.i b - .,,..-1,--7.�'--.--Ll , ,-R}'�.ru-1,,;- ., A,, }, ., ,' K'.1 n 'i,, , y . '. : At -•L;, •• ., .'4W'•'..-�iWb"I:R.t. .1K.....1>4f,.�.,,,'.. ',:r.a. ,,N6..f7;.4.!F1."-_s°--,-;.-..0.., 4-.''tft ., ,... '. q}z ..,n a?'a..?..P ' . ?, :'.�'r'Ze':r al.ri fi�:�.�: riY° ;'Lie ni'�s -„ ?W'�•v'}E..�ksI ,.,.�7a 1�..r�.`.xit�r �"� overall quality of life for the community. Furthermore, an increase in property values can also lead to an increase in economic •. ' development, as more businesses and individuals are drawn to • the area.This creates more jobs, higher tax revenues, and a more vibrant community: ' In addition to an increased tax base, PACE also benefits local. governments in addressing sustainability;goals and promoting environmental stewardship, which can further boost the reputation . 3. - , of the community and bring in additional investments. Overall, • . PACE financing is a win-win for both property owners and local governments, as it not only improves energy efficiency and lowers costs for property owners but also provides local governments . with a way to improve the community. • •• . . lY 3fi-t " -0 �i`� .4 '-kii t . .`! ' u'ioiiu tfi� -. r ..r, '. — 7 111' 14 l.-t',z.,-.d;. 1 - fV A 1r t 7r8-.`q,,, r s y,,3y- 2 i t:.w �-wrb �t� * s-, .0 ,- r 11:.,.4^r ,y.. rs,x k - ..y,. a X'1.�, -t,° 5 a 5c,, ` Ac r,�-s- k a y 0 0 �` 1, k ,s .1, 3'v':�- ram. .�„`- ' v .,,s, , �, ..A � .%n 3 • LL r. ? - .r of 1 pa ,� § z_ ,,ti . n4 i M - - 1 i Q MSS. S C 2�'1+$'•� � Yr: r i ya• `1 ..1•K" K dW° r kl:1-t',4"' '' gl {z#'‹,,-- ram 3nG } 4 ,a. ;y vl" S 4 yY Luy• ,./ k',, n'. _ :1"rf+- -.r -7 r s 4 3�S•m�ep _t� y l"4.:"-' 4 1\ C' d , mot; Col r c s,E"F rc Ex F '7�,+ '44e ,r.'rk i y y4 ,5 x v.-i aM \d r> 1 -, ti..}Y �r t' e._ ?4 -s 7.'Y2'h 1,1 :77,!--4," 'i.,,,� ,.Tip-''ao- r u "tea V- ' - " "I .- A�P�,: t - .. 5 a r. 3 ,� 'l "' 1 e e r;; g a -,.ot .'"'' ,' 0 SECTION III Strategic Outreach . o - , 0 , To enhance the outreach and accessibility of PACE projects across the State of Texas, • Lone Star PACE has implemented.several strategies: Collaboration with Local Governments • Lone Star PACE recognizes the pivotal role that local governments play in advocating for PACE within their communities.Through strategic partnerships,we have actively • engaged with local stakeholders to further promote PACE utilization. 4' it ,y jsi I, /le; , i i i • (� ,sU , -.4 , i ' ° ii,„ .1.. ,,,, j. , \\.. . ' . L ) 1\W S LI �, � `' {l +.�,. ate:....., v ,...,,,...?„. f• +"- } , L .. J I 1 ,__ r � - \ ‘ I, , ,,,- It r,`- • ri'�. '=Y,-- • - _-s, Y=J_ L _ , . �r-C.a•`- "c•Y^' _ '- _ _ -is ..s._, s 'ate ;. : .�F . - ---- l_ ,t r —-— �` c' . ^ ,mac^:t rSK .. '1'y^ _c- V —\ �--�. y.. ... "^sib 1 _ Engagement with Lenders and Contractors Recognizing the significance of lenders and contractors in promoting access to PACE financing, Lone Star PACE has actively collaborated with these stakeholders. By forging strong relationships and providing guidance,we've provided an efficient process for property owners to obtain PACE financing and successfully execute their projects. Empowering Property Owners and Businesses Through Education Many property owners and businesses may not be fully informed regarding the benefits and opportunities offered by PACE financing. Through extensive outreach efforts, Lone Star PACE has educated thousands of stakeholders, shedding light on the advantages of PACE and its potential economic and sustainability impact. By increasing awareness and understanding,we aim to stimulate demand for PACE projects across various sectors. Lone Star PACE's commitment to advancing the PACE program in Texas remains steadfast. We continue to spearhead efforts to benefit cities and counties, enabling them to harness the full potential of PACE, drive reductions in utility consumption and open the door to economic development within their jurisdictions. Strategies at a Glance 1 ✓ 2 • Administer current Expand the reach and PACE projects accessibility of PACE projects throughout the State of Texas ^ 4 0 t w Educate and train Facilitate future stakeholders about PACE PACE-funded projects ..a 9 o c a n .• A. PACE Overview a Oa a 0 a The State of Texas has established ambitious sustainability goals set by the State Water Development Board and the State Energy Conservation Office. PACE emerges as a pragmatic solution, offering benefits that help achieve these goals. Facilitating Financing for Efficiency and Renewable Upgrades PACE financing empowers property owners to undertake energy efficiency,water conservation and renewable energy projects that may be financially impractical otherwise. Encouraging Retrofitting of Existing Structures PACE financing supports property owners in retrofitting existing buildings with new utility conservation measures.This translates to tangible decreases in water and energy consumption, as well as greenhouse gas emissions,from these improved properties. Given the size of Texas and the potential for PACE to make a significant impact on energy and water savings, it's prudent to have multiple program administrators helping local governments maximize their programs. The intricacies of PACE financing necessitate personalized attention to ensure compliance. Expanding the program's reach fosters economies of scale while improving overall outcomes which incentivizes administrators to deliver the service and support that benefits the State of Texas. v 0 • 2023 Projects by Type 7 i Multi Family Hospitality Mixed-Use ME 13% 13% Gli i. 13% Industrial Office Special Purpose i I� 47% 7% "r"ri 7% w _ 0 0 U 10 ,...- r• .,, :,. vir \-= i x t� .'I. -'-fir-_. ,.q.•. 1 I "r _ L' AL i r a 1� Ilk Lone Star PACE - Annual Report 2023 . 3 'k" a i ., . . . . • . . I 2023 1 ii1.:L,.o... htei Projects , . ,,,,-- • ,,--- • ,....„ . . ' .11 • :. 0; ii 'ri , ; • ,t1 t11.-\ ,• '01 %,,,--.-- to k,- ' • . • gi --to --1 ' , • Pi Al 1P lg. Lijrli ''' ill''''' 0 4 1 .-- ,i, 1,, kA • 0 41.1 e -taii L • ,,A-i;,I --ei liglo •r :•-,- Igii 0--' 511 .o.,- i Olj AI it -•'° Ili liwo --CI ,i ika.‘ ''' 1- 1')° i'--- fl .5 ' ' -g-- l '41' i A 4',Vil if 911,04 Pi ' ig a -,--. 111, -.1 'Aka kht, 1,.!. ..F.'-..- el riffRilix ,--- ,1 --g :Iv ; r-'1,-il--.;11 lIkv4 \•kT 11., ?.-•ilif 1.1 ? %A ,!,.,g t--... .'-,i,'--. '.- 4:44'4..', • .:-!f- .- - ail d Id. • FN-." DV — '14k 1 , . ' :;':,11,4,;:. ii,K-_,N.,..4:-.4,4,,,444'1‘'ll,---;% ,41 Ael, °' - 1 ° :,--• •- 1111'1" , 4 .\ ' •.,„,,,. ,..:: -.....„, : ...-....••if, :.-... .. • .- . — 1.1 .il , : 4 N .i..!' , ‘... .:-- .....-,,..ye '- :., - --,e, , . , 1' I . ri ._..-.. -la ,-, , , I;t N. .• -[1=I ' 11-, kti N , • - -, .... _ ....__ — -....,- :---„, .:A,,i,.4. . ,%-i% -• - . .1-T-t 1V1 A ti... m. -• c•,‘. T.' r. - Ilmi) - --..:-,',- ...,, -szl• . -,,, ., --, 4- --- qI4 '1..` ..; BLossom fith VI I r i 1 gll•-•• :14 .- -.,, .... .v ,-._. - 1 ha S ' ' -.= • , P.- ...A .'-"---•--- .1 . ----7-.-11, 1wA lie)._.,-,iLr-1- - I • -----_-:-__: 'EXOSSOM HOTEL 1. BLOSSOM HOTEL -0 . . z -t U ' 0 . .'. Date of Assessment February 8 z PACE Municipality Harris County E PACE Assessment $22.5M • 0 cd Project 267-unit boutique hotel t a = Improvements Envelope, Electrical Lighting, HVAC, Domestic Hot Water, Water Reduction, High Efficiency Elevators p. X Utility Savings 1,574,398 kWh/yr(35% reduction) 3,923 kgal/yr(34% reduction) 0 4-I F 4 4.+ (0) 0 C.) - . 12 .. . Project Overview The Blossom is a six-story,full-service luxury hotel located within the Texas Medical Center in Houston and embodies a commitment to sustainability through its incorporation of high-efficiency improvements.The property has gone above code to incorporate utility reduction improvements such as lighting, HVAC, water reduction and high efficiency elevators. PACE proceeds retroactively financed previously installed conservation measures, which are expected to save nearly $1 M annually, repaying the C-PACE financing in less than 25 years. Impact By obtaining PACE financing,the property owner was able to upgrade the building envelope, electrical, and mechanical systems,which had the following effect: • Provided an estimated 17% reduction in annual energy consumption totaling 1,574,398 kWh/yr • Provided an estimated 11% reduction in annual water consumption totaling 3,923 kgal/yr • Enabled Harris County to further its sustainability and economic development goals and reduce demand on the Texas electrical grid .. M N Equivalent to offsetting Equivalent to the energy used by reducing ►-7 a it 1 112 average I FIP 29,69/ ,110 Texas homes/yr water bottles/yr • w Source: U.S.'Energy Information Administration d - O rl 13 11 1a1'{ � t i a .a 4 /A(. i 7 - , „ _ :I \CAI ' IPX „..p. i ° ;1• f ; ! e� .ram .i i, " t LY - 1u— 1 -' 'I I --1—. - ' .1--. )li tl — . ... — g r. *r-Arg,• ..1 !.2.._),'. • LS In i I 0. r -_ . - --- ` ! " 2_ ... - • 2. UNICORN LAKE APARTMENTS Date of Assessment February 17 PACE Municipality Denton County ' PACE Assessment $9M b Project 153-unit Multifamily o - Improvements Envelope, Electrical Lighting, HVAC, and Plumbing Utility Savings 210,999 kWh/yr(12% reduction) A '-‘. - - 853 kgal/yr(51% reduction) V Project Overview Unicorn Lake Apartments offers more than just a tranquil living o experience in Denton,Texas; it's a testament to sustainable living.The k complex is in the scenic Unicorn Lake development and includes PACE- PI eligible improvements such as improved envelope, electrical lighting, HVAC, and plumbing. w W . 0 U 1.4 ::'"''''.;--(--°-. Fx=P 4. ' .. • • I: 4 l ;i ! I t L i ' { n �ci it �w+ 1 // 1'7'�' «11:-u�.•._'•l. '..:=j ' ��,°-y ' ,.r�r �W(11I111 'r �r :,, 'c*Fi i i 1 l�,. k " 'aI-' ' tyi,4 'i, 4r" ,- {{V T. o ,f r ( !.$^:; r , V 1 -.+-. p„r ti Mir i -:. s ...,,. ,, ,_ j ' Lf w t x`cam {{ �� n �y • Y . '1 1 1 'r fir: - ; ■_- f 'a y.i �a • ,t. .1 w. iw .,...t - r � _ i f1 _z .�.t+ i Yj�g r-, f 4 ,,•,' •, I J t-- .a („tom' ' -':.t. ,- 'A - .•= it`d -0' �. .�� , '_ B i:aaRN a * '124: ----- Impact By obtaining PACE financing, the property owner was able to upgrade the building's envelope, electrical,water and mechanical systems,which had the following effect: • Provided an estimated 12% reduction in annual energy consumption totaling 210,999 kWh/yr • Provided an estimated 51% reduction in annual water consumption totaling 853 kgal/yr • Enabled Denton to further their sustainability and economic development goals and reduce demand on the Texas electrical grid M N O N Equivalent to offsetting Equivalent o the energy used by to reducing 7\ a 15 average 4 I IW 6,457,210 e 4 Texas homes/yr water bottles/yr d w Source: U.S. Energy Information Administration d a w cd v) u a 0 a 15 >ti• N 'c't r' x ¢ V{ .. t . 5'f f ! a:5 lryY - 5,t`i 7tik�t W i iy+.F,x3 +4 y f '. .k'- '"x 3. BIOLABS PEGASUS PARK k,�, tf x. w`£ lteM Date of Assessment October 4 r � �� � w., , t PACE Municipality Dallas County 4t PACE Assessment $11.3M „4- `' `` j# ' f Project Biotechnology '�i � Improvements Envelope, Electrical Lighting, HVAC, and Plumbing orn.$102 s 9�'". Utility Savings 1,733,575 kWh/yr(25% reduction) °' �� 1` v 5 '.Y; 222 kgal/yr(79% reduction) • • L ti • P�1 1 F} t ,� 0izi ; e� - s � , Project Overview ri b Biolabs is a leading life-science biotechnology firm renowned for its tip ., }�5 :' X� •,' cutting-edge research and commitment to advancing scientific discovery. The project is located in the state-of-the-art Pegasus Park and includes i `,' ' ` PACE-eligible improvements such as, improved envelope, electrical k.,: lighting, HVAC, and plumbing. r; 5 Impact i�� y n_v By obtaining PACE financing,the property owner was able to upgrade the buildings envelope, electrical,water and mechanical systems, which had 4: ' - the following effect: • -. f • Provided an estimated 25% reduction in annual energy y t ive *7,,i,5 -,' k . consumption totaling 1,733,575 kWh/yr co, ` F • Provided an estimated 79% reduction in annual water d,. ! sci x�r .(.. ,.s' • • 2"��. consumption totaling 222 kgal/yr*.•���` r` • Enabled Dallas to further their sustainability and economic 0 ~. . T f it development goals and reduce demand on the Texas electrical . : g. : grid. t, 0s` '4fi a " Y L' � A4 l e4- i ' d°t =x o Equivalent to offsetting Equivalent a = , the energyused byaAs to reducinb I L) [3/P 1,680,540 166.4.7 ` '' > average :��,,7 Texas hoaxaes/ya: r.: „, water bottles/yz, PYy+• 'P� yh - .4.; U Source:U.S'. Energy Information Administration kfitiqrsolothq �: ' 16 , r ": tipri,lis:-F....A'. . • ' ',,". Ire.'4„, ,'...r.,,,::,•• . . S P ':',-.'1'.'. , . '' ,• ' .: . . .,1,..;,..4.„.t....Y..:!?.. . • i" '^'' -• ,. -i --I ..' -1 , 7 ••:,*„.i-1 ,,,..F.:"'i:..0. •. . _ ... , , ..... \` 17// // /,, ,_ I // I .. ....-.-, \ s , . ,,/i.' /:',.,,,,::t.Y.:.;;T:;&t:. •::.::/,. . '. - . '-.: 4,7;?.';'$4-;',4.• ..S..1"%; :.';'.'... . . -,, i' .,..,".•_,.:2:_', , • - / / / / it / / , I, 1-1,( 1./ / 111 ..... Cr' -•..i..'•J'A - ,. —7 . • f'-''.,-..':•••;'-ni.7.e4,..,,,—'' r i I I , i--,-- i il / I / / 1 /' /1 , '9 • ,.i 1111114 -1:...,l',. ' tgif l' ,. \. i / ' > ' . ..;. . ,.t:1 ` .. / / / / / 4-----i—i '._,,. . ..,/ ..- , i . . j:; r:;:;.?,....'.'".-i':,i:.•-• • . . . .. firii, / ,, / if / 1 ,I ,.. , ...'. , , ' . .. /I I I .1.1 1 , / ,rt I ! ! i ; L'I '.'..;.1;t:/;'-'.;...' :...:.;.!'- • ' I . • t • • • , / t . t .... , • , > . . . hi / t /i /1 /.. .._ , II I 0 - 1 ti 1., - 1 1 1. ,1: 4 - , • 1• ti) ,• . .1/, • II • 1\ III 1 13 \ i . I : 1 I 1 ! /' ' > ,. . ''''''',.....4.`:.•..E ,. .f . '• 73 4 , I •: '•.'..':. - :. .'•.. ;:...'..:;7;:::.•.:::• •'•• .:..' t / -I • , it '-.- --r---:• . : '.,.:../,-4"i:i:.....•1• 'i. • '.,t'l ..':. "...i. til_.'..s.''l'',,,....7....,.....,.......2.....?..6..,.;.........,..7:_:............,,_i.....77,,,..": . 1t!?.;','.',..'''\1.-0...',.:,,,,I':...:1,:z::.1.,.1:4...,.,.;::.:.,....,-.,..i'i.:,.,i,..,..,...,..,..:11./.,.....:.,,...._.11..4.,--1,.'..''..,.''..,''''''_.-,.././ • ,,.: .. , . . . . . ../. 1..,,_ , „ ...... ... _ ____..,...._,. 1. " '.;)'...''.„.10.'-'„e;",',:.,.• . ,..... •• .1 } t •/ .... .".i: 111 : , , • -4::.• -4,' .. .. . , , • •,,,, , ,,F.,,,•..., .k.,..,... • i . . , i ::.1.\,:i.:::\\: '''.1..1...: 1.--. • ....-.........'l. . ' ''t.'''.'...:::;;;;;11,.',:.-,„.'. . ?.- •• -,,,5,,,,..;•,..-..?•-. .. ri . :, ,,,,,,,,,,„.„.•„.. . , . •, , -...,:...,....,..u... ,,,,. 1:-./ ,.: . . .., .1 : i ! N. __ .. ...• ?... •,.. . • . vlYr...nitlioneer4t ' ' . I i \ •....,,,-.04. .-l.,'. .,,4:.,...". :...„•.W.:.- • .',:).,". • • . 1. :.-''.;`.''• . . / bo ••••• .'1. \ .' -** 1 . i ''... • \ \ \t.,..,-, • ,47,2 ' / , •. 11.-- -; .:F.;;;;;',C. '/..•, \ i • __...._ ..,.• 7i.. ..I.C,i . \\.. 1 ..-.L5:-..:.:.1.."..:-.:.:...7.?:' '*,-...... -V.,..;-'' /'-'-' ' . ' '......3„,':"...!. ': .' ' , , ..,-. •/'': 'Q'.•‘Ib'l°111-' :-‘\ !,-/E:'. - - ..,t.Y_-- .,'-:';';".•., , ‘‘ „ ,ill4,i:.1,ill;-' ;•.':, .. • \ . i, \,1...e.-,.•••••••:-:`.•--.' ..,'.-1,7•••,!..1 0 e.,,:.-1- ,.....,-..,,:-.: • . , ., n... 0,,,, ..,...,.i.-:: :, • - - ,"-- --„...„ .s. ::-:;:::. f.:•,-,_:-... , ri- - , , ,• ,-,, * • ,Tr..• ,..._.'4,,:.:1,5..: If - ',,,i6,r,7Y5::,- -•. 0 1, ., le- .i•f]f•- ....,..i..: . • ..• •. . _ , ,, . • 3 Q ' • \ . '' ''.-.../t4e:- ...'•' . r.)- \, • , - 14...V. , • . ,, ._ . .4- ---v,4 -'‘, .-i . t -, - .. .. . -•: . ,.........A., .. . ,..' ' ,- Irv-Ter-17-F.- . •. .., • .. ... . . . : 1 -.• ., , ,-I.: „.,. • .,,.-. ,,. Q , . . , : .;..;:47:;77';.,,r‘ .•:''.1144.1'74';' :.1,4. 1 ,, . .:-.. .•. . '1',..','•Ir•.!„.; .'„i',',,•';':•• -' ' • . ,....',0):"•.;,'.'..T,'••••,' , , i ' \ \".,:' • , ' 1.6rt:- r-,,,,,,1-...i;:.„ .. . 4-.'..,E,.. ..4 ,'"?'• , . .. .‘• . , , L..,,'„,..- ,:,:s.L,...,,,,;,... . , '• 4.1.N. ..-; i : ,...,1 'I. . . ,:. 4, , ...., . .. , . • ‘, \ ,. .i...:4:',It,..Z't.;,.. (..:.• - • > t , I \ . .'q ' . . „. , •/,,, v.,f.,.:,Vi..,,, :. ! .1 .1\ ,.'. •,•,,,,c, I \ .l,i; ., •c.4,-,,,,,e....,, , .... .. f.. , A. i'.i, , —1(,; ,, ••'3 ' I''• ' •,, , ...•. . , , ' —' • ' - ': • ‘,„" ' ,`f.,•:•n:.-1.,1.....„.:•. ,, : ...; !• 1 1,,...,i • , • .! , • • , 1 , I 1, ', ' • 1*, ' '':.,..'-..,''' '':: 7...-,'!' - . •, : - -, s. 3 . ••t,.,;, 7,,,' ,.., ...) If,..,:. _ • . ' ' •.;1:4 P•:..'„',,,'•''4. •• •, 1, -!• 1,, •••: 4 At 'I' • '• ' , 1 '1, , 1 , , „. , . . _ - . • .: 1 i ,' q I'11, ,.1' • '''l .'''%:•!t.'01-......l*. • .• , ;;,.-1,.1 7'1 j,,,1:J-• ij.1 II . • ',' .' . — • : . ,, • • % • .,1 - • • 1,z .3) c - ...‘-•'.'"' . A, -'—'''-t1--r." --t--.4•••17t.i ' ,I V .. : • • . . ..• , •,.. •• -;.,..".", " .,. 0, ' i '••-. Star PACE - A.nri.loa Report .2,02; ! ; /1) .•... .., ., '- -'• ., 4;;.4.-4,.. ./ •,.. .7-, i -A\ 1 '". ' ' '• • - ' '• . ' I ,,.41,-Z.„..1 ,• - , ,, . . . .. ••••• ..., •.,t'.'i I,,'1' ...4E...t:.k,' .•.1, , rt.. I I I.• / • • • I .• • r ' s r(fi iit s 1---LII_Ir�lh 31- 1L,ILA Ju - '' _ 11 -, - Nti �� T I Y"X '� T y ;00;1 1l1 141 y. Y j J v y S 11Tl ,Y (lt,I II 1';I 1 F'z"`t i- .` ' "- ; " !3 c#. ; '[ ii•{+µ V,lilr }�ft 1 1'�i` �'s "T s " F• ✓.. r r + 1.. a J.S j1st'l'a 1 i I 11 1 i II1 I 7 ". 3 "i. '�, f c1 h ,. ` :twi r•,-41 ul I . 11 yr ;w4' P s a 5 -7. - GARAGES Q,F A.M1ER•ICA J =" "f '4a `1{,11 .11 tt# I1 ;' ' 1 } -". *-d„y .-W_ r ,, Y f d-. :30n 116d II 1 1Ii ty ... t , • sue'.n-+ -- 3 i 7 s F µ, S3' t ,_ �v`0 1if I'�[t7�Y 11` �I1 Irk Y4 `! a }i-:`_J 1 i1 k '. ;. C. «, 1lg.; x r !tt R� !'r7r:IF�.r6tY �F. .Ex•�vr.. t, tL: ?(_ � k. 4. GARAGES OF AMERICA — FRISCO Date of Assessment December 15 PACE Municipality Collin County PACE Assessment $6.7M Project Industrial Improvements Envelope, Electrical lighting, HVAC, and Plumbing Utility Savings 52,756 kWh/yr(5% reduction) 0 804 kgal/yr(51% reduction) c Project Overview e o Garages of America Frisco is a haven for car aficionados and collectors, - blending cutting-edge facilities with unmatched services. The project is located in Frisco and includes PACE-eligible improvements such as improved envelope, electrical lighting, HVAC, and plumbing. Impact w By obtaining PACE financing,the property owner was able to upgrade o the building's envelope, electrical,water and mechanical systems, w 4n CU 18 which had the following effect: • • Provided an estimated 5% reduction in annual energy consumption totaling 52,756 kWh/yr • Provided an estimated 51% reduction in annual water consumption totaling 804 kgal/yr • Enabled Collin County to further its sustainability and economic development goals and reduce demand on the Texas electrical grid Equivalent to Equivalent offsetting the energy to reducing 1 used byi 0 1 6,08.6,2.80air 4 average Texas homes/yr water:. bottles/yr S'ource:.U.:S. Energy Information Administration • 2023 Closed Projects ,f oa HOSPITALITY 2 MULTI FAMILY (2) fY�� ���/.li vf4 k� ',yb ( ) piff:, 061 �1 T ? , i,] I Grx,`I4.10 `ll ,•1• r _ :ukvzi x`r, , $89m ,.,,,,_,_ en SENIOR E.`,- 413in facilitated . I MIXED-USE (2) HOUSING (1) .„. - o Fa ; PACE Financing _ j, j -- ck y i 83 L.1s .: OPEN - o .-o t- r_ �'+ INDUSTRIAL (2) -- —�J_?" OTHER/RETAIL (1) a cc c4 w 0 a 19 7 .1! , . , _._ . C. Educating and Training : :: :r Stakeholders • . � • Throughout 2023, Lone Star PACE was actively engaged in '` '_ promoting and educating diverse stakeholders about the PACE program. "` Outreach endeavors targeted prominent organizations like �. the Counselors of Real Estate and Urban Land Institute, as well as various capital providers.Additionally, presentations, ;A - P meetings, and events were conducted to illustrate how Chambers of Commerce and Economic Development t ''I - Corporations can effectively utilize PACE to encourage growth - P-` and improve properties within their communities. One-on- one conversations were prioritized to ensure individuals involved in the project lifecycle felt confident about the - process and were equipped with the knowledge to execute a T,s PACE-funded project effectively. . ' These various efforts were targeted at the -' .- ,_ ti`Y various stakeholders of the PACE program. . , : L .g r_j_.,8 o, i, -:--,,,,;. :� _. . ,c-.. r _ ,,, ,,,,,,. ,,.;-:.,;,-„, -:........,<,: I 2Y �Y- .ram *Elected City and County County -1' „ ,w Officials Council Members Judges - �- `, 11 /� � ri) U 0 a Commercial Commercial Commercial , ,r j ;�� ' Lenders Property Owners Property Developers y. 4 - o 411\ 41. • ,si. - i ram .t ..i ii , . '. um .c:r ig, , YChambers Economic Contractors w of Commerce Development Councils w _ 20 I ' • Throughout 2023, the r•,- Lone Star PACE team travelled or held over , 9 9700 00 miles traveled across : • C Texas to present ,, r and meet with . stakeholders • : E I-Th.... .4 •,.* - •* * ; •••1'; ''''-.; ,•';',i I ---, ',.'''', i,..‘-..-:: '';`.; &j( la. 1 229 face-to-face G 1 webinar/ •` 'se. y • ti meetings J 1 groupmeeting ! presentation events ri � e: : Outreach included over kw ��'.., 3: a, y+ r icy • crtk, +•t.t v �C MINI \II, f. - .l - :: ..� . ; : 38,000 6,300 3,900 L •" phone calls _ FF / is emails web visits • • i ` t•' ' - -. t' • 2 ,,, , , , I 2 0 17 social media presentations to influencer impressions organizations AikAdditionally, awareness campaigns introduced or reinforced familiarity with PACE in the community we serve over 4 million times. Areas Served by Lone Star PACE ,, L f s v�. ki4. .. * di 4} t • • z1 T �4 �,�t `WICHITA � '' DENTON COLLIN X r� =�L2: f' A yam: $ � � ., THROCKMORTON ��ROC NI,L^k �? % DALLAS FOR £" " t T 2`3 UFMAJ 2 i a>k &rF ^a. � � g h R�L'� r ti I(':,.. s `JJ"" yA 4 k �r h� r�, �� �,t �, '�`"asrr I rM� e s ?� "C�j 4 s E+ 9 t l.. r4. r_ k s3 rt tt t � 4t,. y � q .:�,'. •:a— r s ..s ' .-�� ,s EESTON :`T'�A k u 3 ,t slK4 �" � n a ., a �in a �.:� � `�s IT, Y, ` >.F J M 5 µ HAYS Y > f 49�' F i c t '� y- EFF_P.SO . �'i ,*"� .,,..'a..-. �, :y ru r- � -.. � a� r a r HA •RRISS � �..:. 40,1:4 J+y,2 T fj A' FORT BEND ' . W I CAL TOQ 121 E l xt o 0 r sti ti' d E T o v Vs:tih k r "-'SY i2 F' Y 4 N tj 4 CIJ W W y 0 U 22 e o e C. u :, Do Expanding Reach and Availability L _ n q Over the past year, Lone Star PACE has experienced significant growth, marked by the successful completion of 15 Commercial PACE(C-PACE) projects, amounting to over $89 million invested in energy and water efficiency upgrades for commercial buildings for projects with total capital investment of$992M. The benefits of PACE are evident across Texas, particularly as more cities and counties commit to establishing program.This growth is further reflected in the expansion of our program's reach to 21 local government jurisdictions, demonstrating the team's commitment to sustainable and managed program growth. By expanding the availability and promotion of PACE projects throughout the state, Lone Star PACE aims to ensure that the benefits of these programs are shared by an increasing number of communities across Texas. wi17: ll H' a a iy>:ri, Y i 4 .d I fit;, t 4 Lone Star PACE established -.1 •� � E .1 , PACE programs for: ' i n 1.1 • ,1 �F. W t, l bi a City of Alvin .11 'I' ''. x,,v.<,'1. 4 June 1l y City of Rockwall '` August 21 ;: 0. , ' ' a County of Throckmorton ti/ Y a I L \1 ` December 27 ' kg,,?'N \ =, 44 fr QI aJ cts a 23 �sx'' ,s° is re• x 1 � �' 41k. f*i `4yU'1 g k..44.yh,r 0, JT00tr: _i-s„J J :r- r'+c v a , :fir.- i?OffeWOUVAW 0,14 g:_N �A SECTION IV • a 2023 Outcomes 4. '%sue?� , k 6 x �� , A. Project and Program Expansion -Pad`' k''it t "�til Jar.ta3g I 7. 51 y ia. ,, r In 2023, 7 �:- pyLone Star PACE achieved significant growth by establishing 0 J i PACE Programs for three local governments while successfully ✓ x f �`. ;a `' managing 15 projects. Our expansion has been carefully paced to u ;''rya W� g f maintain exceptional service standards within existing Lone Star PACE • *0":,z at ks ILOm jurisdictions while effectively integrating new areas. ray . tOkiAMIPWWO cw emsi • - e x � 'w _ N, 00artnersp with the Local Business Community 1 .r a. £3 E. .! 4t �nThi In 2023, Lone Star PACE continued to cultivate relationships .,▪ yam;,? across Texas, supporting counties and cities that have opted into the �, PACE program and selected LSP as their administrator.Additionally,we 7�t,Y _" fostered connections with new municipalities and counties interested W h tgiik4 . . 4 in PACE.We proactively engaged with developers and property , *w t owners seeking information or clarification on PACE for their specific 0.! projects. Notably,we focused on building partnerships with Economic 2 � � -t �,•. Development Corporations and Chamber of Commerce groups within � f our served areas, emphasizing the synergy between sustainability and kC t1.:.• + t economic development.These efforts have established trust, resulting b, , {, , in regular inquiries from EDCs and Chambers regarding potential Pdt' t. r 1yg,.l val A4 y ` z transactions: [ 4,u' §A FOR M Via. .:41 ;4 Conservation Impacts Fh t1'I if nxY' ^��iaf' '�r'+�tirv�i. ,, �Pg May w The financing administered by Lone Star PACE in 2023 b4: fi-. facilitated numerous improvements to existing and new- i I y tF x properties,enabling investments in water and energy efficiency that gigkOad� i~ �' would have otherwise been financially challenging. Upgrades such as . ; 3 4 'tg efficient HVAC systems, lighting,windows, insulation, plumbing, and � �W . „ eUINga property envelopes collectively resulted in significant energy savings of ' �.• a�� 9 h 6,915,521 kWh/yr and water savings of 18,063 kGal/yr: ▪ gJt{a10 4 O V'_.tYo T a• '�xy i' _r^ PlY Via.,::: y`$.5K Y -0 �y d x`��`;'��+g�.3 E 02`4';f-( ? O 0 0 0 e 0 0 0 Utility Conservation O O 0 O • aa � • C CO J 0 0 0 O C 0 O 0 0 0 Energy savings : ` ' L O O O were calculated at 0 . ((\1)66 6,915, 521 KWH • per year. equivalent to 5,324,259 pounds of coal burned • Source:Environmental Protection Agency Water savings were calculated at Eequivalent to water: contained in 18,063 ,000 h1111136 GAL • Olympic-size per year - swimming pools per year Q a 0 a 25 . _ . .. _ . ... ._ -.-----7-7--,Is .,. . 0 hilk lis. ' ' tillitilor' •- • . ,...0--q.1,-./-______i7 .,,_ . , ___.. • re-ar*,;-'...- '• ---.: ,..:.,,./ . ,_ .,.. L /I- ...vt..„_ _ /..,_ -;9: ___:.. . / „. •. _ ..._.._.. ..„... _ ., _ - 1,-, -- ------ --i-'),,.:,:,_____1 Cr. ,i . v ,w,-.A.rr..,. ,„, 7- - ,_____, ..._ .._ -. . ... , -. N.,... ,mweeet . PL,------ ........._, ___ - --,v,<'• ,,I" - ' .. - it '' ''' ''7tl''I't '- .-- ....'-.'-. . .\. ,. r ' -;, ._2" A • •;;`, .. • ••,, I -...‘:-. 7.-- ,i•-:,- - . . . . A 1 ....__ , .... I -• .4.:1 . . ,''' ''''•-°:-----,----:_-Iti -,--.- , - -____1--_,\. , .'7'' '..L' iiiiik /ii • • • •• ---- 'I f'1,, . --'' " - . . _ . . . . •-• , .. . ._. • - - • ---- _ids:: --11- • ,. __..... . . . J ] J C . B. Key Insights Adaptation to External Dynamics In 2023, Lone Star PACE remained sensitive to external factors influencing the capital markets and Texas economy. As interest rates climbed, creating shifts in the lending environment, we recognized an opportune moment for PACE to play a more significant role in promoting sustainability while also assisting property owners with their capital needs. With senior lenders scaling back their commitments and reducing lending amounts for transactions, PACE emerged as an appealing complement to senior loans, offering an attractive alternative that was met with acceptance from developers and property owners. Economic and Sustainable Development Benefits Beyond the economic advantages for property owners, PACE plays a pivotal role in fostering economic development and sustainability within local communities. By generating employment opportunities in the clean energy and construction sectors while encouraging the revitalization of older buildings, PACE contributes to job creation and urban renewal. Additionally, PACE serves as a catalyst for cities and counties to achieve sustainability, utility conservation and economic development objectives. cn Education Educational efforts and outreach are crucial to the adoption of . PACE. It's imperative for property owners to grasp the benefits and mechanics of PACE to make informed decisions regarding . its suitability for their projects. Similarly, local governments benefit from having Lone Star PACE efficiently manage their PACE programs. 27 L SECTION V Lone Star PACE Leadership Lee A. McCormick, President, Program Administrator -;: Lee is a registered Municipal Advisor with 35 years of r`= experience in domestic and international finance. For the past 20 years he has served as a Program Administrator for local governments, overseeing various types of economic _ development and environmental financing programs. Lee founded Lone Star PACE to serve as a Program Administrator to the cities and counties within the State of Texas that elect to implement the Property Assessed Clean Energy Program. He works with government and elected officials to help them realize energy and water conservation targets via the PACE program in their regions. Lee received his BA in Finance,with honors,from Sam Houston State University and his MBA,with honors,from the University of Houston. Lee is a member of the Frisco Chamber of Commerce,the Finance Committee for Prince of Peace Christian School, PACENation and Keeping PACE in Texas, and he serves as an Advisor on the Department of Energy C-PACE Working Group. John P. Stoecker, Program Administrator a '? John is a registered Municipal Advisor with 35 years of successful mission critical and operations leadership. He has led the municipal advisory services on over 1,000 kilo-Cr'1 5, affordable housing, public benefit and economic development transactions totaling over$30 billion. John recently retired as -0 a lieutenant colonel from the Air Force Reserves afters.� ery serving ing ;. our country in numerous leadership roles in both combat and peacetime for the last 28 years; 16 of those years as a 7.3 C-130 Pilot. He handles select legislative efforts in addition to working with city and county government officials. John received his BS from Southeastern Oklahoma State University, with honors, and his MBA from the University of • Southern California. U 28 E. Glenn Silva, Chief Operating Officer, Program Administrator Glenn hasover 35years in the real estate industry. He holds - .-., rY the Counselor of Real Estate(CRE), is an MAI Member of , /' the Appraisal Institute and is a Certified General Real Estate Appraiser in Texas.As President of KLM Realty Advisors, - Glenn led his team in underwriting over$18.8 Billion in loans - �; for Commercial Mortgage,Backed Securities. He oversees the 7 daily operational activities of LSP and drives marketing,and growth opportunities within the cities and counties in Texas. • Glenn received his MRE in Land Economics and Real Estate (LERE)and BS in Agricultural Economics from Texas A&M University. Ryan D. McCormick, Program Administrator ( ,• Ryan brings over 10 years of experience in the mortgage and finance industry. Prior to joining LSP, Ryan worked as 1 - �- a Mortgage Loan Originator at Nation's Lending where he facilitated loan originations in eight states. He currently serves as a Program Administrator and assists in the marketing and educational seminars provided by LSP to contractors, lenders, local government and users of the PACE I + financing program. Ryan received his BA in Marketing and Nonprofit Management from the University of North Texas. Jean M. Gard, Office Manager, Executive Assistant M N O Jean has over 20 years of experience in tax-exempt financing w ;L. programs. For five years,Jean oversaw the daily operations of a _ - a $2.3 billion tax-exempt bond portfolio as a Treasury Analyst a •, '/ at Waste Management. Currently,Jean keeps the LSP team on-task as the Office Manager and Executive Assistant to o President, Lee McCormick. w ii Jean graduated from the Sawyer School of Business in u Milwaukee,Wisconsin after serving her country honorably in w the United States Navy. o O a 29 SECTION VI Community Service For Lone Star PACE, giving back is part of our culture. For Lone Star PACE, giving back is part of our culture. We started the year by assembling meal kits for Feed My Starving Children, a North Texas-based nonprofit that sends food to malnourished populations around the world. In partnership with a Frisco-based church,the Lone Star PACE team packed 74,736 meal kits for children across the globe. As our COO, Glenn Silva, sits on the board of the Real Estate Financial Executives Association (REFEA), we enthusiastically supported their annual golf tournament to benefit Scottish Rite Hospital. Last year's event raised $15,802 to help the hospital continue its mission of providing free medical care to families in need. Lone Star PACE also sponsored the Teufel Hunden Foundation's golf tournament, which raises money for families of Marines who have made the ultimate sacrifice. Our service engagements reflect and reinforce our commitment to promoting a Texas which is sustainable and supportive to all. a r iY %i o s`,44 a a; �. n+.. rF try 4x�f ' :. r' �7 Ht�ix ' i!',. SECTION VII v ';} '°`tip ,1*. ' l'. -Sx' _S p.-.7,f".L f r{7 `t Conclusion 3., ,, ._ k tflF� r z ^. zw t r4 tirsn' ro roam ,': , Looking Forward r mx x � , � Program Expansion and Outreach Strategy ;: $= fz - ;4, , Lone Star PACE is committed to strategically expanding the reach of the � � 4 ,� , "_`,,,,.� y', �„`'s�'c- ; .^ass 4 a.><`4;, ` PACE program in Texas while delivering high-quality customer service F ,;} z ,'* *�z 4 7 n and education.Through deliberate,gradual growth and dedication to f1 ., f" ' ,,A . : individualized support and education, LSP aims to ensure the success oft;,F-W. � Z;E ' 'ref -he' ',. the PACE program and its positive impact on communities statewide. V�Mxtax=. Continued outreach efforts, such as the PACE 101 and technical standards y �� �f 'r �7, 101 presentations are integral to our mission of educating and engaging ,, ,vP `YI,>.,.. stakeholders about the PACE program. By offering these seminars both F "r :I yy in-person and online, Lone Star PACE seeks to broaden its audience reach, ,- r �,f ,, �„=z, providing easier access to information and resources.for stakeholders - 6`pt T. �E "- including Chambers of Commerce, Economic Development Corporations, 0 , �r` contractors, property owners, and influencer groups. f. - � yam Fd�`k "`• ��,e'i x-4+ Future of PACE in 2024 and Beyond � �' ,," ,`," Y s n"j+y� dry ,,i` N a 1 .g ,+x,. b .,,E .5 Xrx j; , ' m •f'ztr 1Wy'.�.0 , fie The momentum of PACE programs nationwide, including in Texas, is Wt•A�,:; s<A ; promising.The escalating number of transactions and substantial project c ��y . i's,, 4 `a,, ^4' p J Y z :,, Y r, r s values underscore the growing interest,and demand for PACE financing #1 `.' 'i ••� among property owners and businesses. Data from PACENation reveals � � ti A ,� � .� 7*n ;,..0A a-:yet , that commercial PACE transactions surpassed $6.9 billion through d `z 3,320 projects to date nationwide, signifying a substantial increase from ,�,�� ` x previous years. , i 14,iv-.. p ''7: As stewards of the PACE program in Texas, Lone Star PACE is well-p - $ � ; E, .' ositioned to ensure its success in the state and advocate for its benefits too stakeholders. By emphasizing customer service, education, and outreach, Nf k YzT u ll< Lone Star PACE aims to equip property owners and businesses with the . �Y�k„, } .-. understandin of PACE's value and its role in accessing financing for energy a ....... 1{$� h , ° e., g rim. r,y t o b s - efficiency,water conservation and renewable energy enhancements.This, � x t;u �` , in turn,fosters the adoption of clean energy technologies and advances .�' '�"5j . °. '` the development of a more sustainable built environment in Texas. W; ,3 t= `$' .. , zt, t ,ii,:' •:;,, ' , tet'a;:z!:,.-5:0WV ,'''r-r::''',-" fi t4_ ..61,; 'Y jzl F1ig'if:::5:42S y k f I ' f ,1 g 1a ji ,_Ji LONE �k STAR ® VI PAC E 6988 Lebanon Road, Suite 103, Frisco, TX 75034 1 (214) 256-3209 Yf info@LoneStarPACE.com . . . . . 0 . . . . www.LoneStarPACE.com 1 0424fAR23 f I {