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CITY OF CARSON ENHANCED INFRASTRUCTURE FINANCING DISTRICT (Carson EID) PUBLIC FINANCING AUTHORITY (PFA)MONDAY, JUNE 12, 2023 701 E. Carson Street City Hall 11:00 AGENDA ANNUAL MEETING OF THE CITY
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How to fill out enhanced infrastructure financing district

01
Research and understand the requirements and guidelines for creating an Enhanced Infrastructure Financing District (EIFD)
02
Identify the project or projects that could benefit from an EIFD
03
Develop a financing plan that includes the projected costs and benefits of the project
04
Gain approval from the local governing body to establish the EIFD
05
Implement the financing plan and begin the infrastructure development

Who needs enhanced infrastructure financing district?

01
Local governments looking to finance large-scale infrastructure projects
02
Developers seeking alternative financing options for their projects
03
Communities in need of improved infrastructure but lacking sufficient funding
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An enhanced infrastructure financing district (EIFD) is a tool that allows local agencies in California to finance public infrastructure and facilities using a portion of the increase in property tax revenues resulting from development within the district.
Local agencies in California are required to file for enhanced infrastructure financing district if they wish to use this tool to finance public infrastructure projects.
To fill out an enhanced infrastructure financing district, local agencies must follow the guidelines set forth by the California Infrastructure and Economic Development Bank (IBank), which include providing information on the proposed infrastructure projects, financing plan, and the boundaries of the district.
The purpose of an enhanced infrastructure financing district is to provide local agencies with a tool to finance public infrastructure projects that promote economic development and job creation within the district.
The information reported on an enhanced infrastructure financing district includes the proposed infrastructure projects, financing plan, boundaries of the district, and the expected increase in property tax revenues resulting from development.
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