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Fresno EIFD Public Financing Authority

Wednesday, September 30, 2020 · 4:00 PM AM · Electronic Meeting (ZOOM)

TL;DR

The Fresno Public Financing Authority held a meeting to consider the formation of an Enhanced Infrastructure Financing District (EIFD), which could help fund local infrastructure and development projects. After a public hearing, the board voted to move forward with adopting the Infrastructure Financing Plan and formally creating the district.

Key Decisions

  • Approval of Meeting Agenda Passed
  • Approval of Previous Meeting Minutes Adopted
  • Formation of Enhanced Infrastructure Financing District Adopted, to be introduced on October 7, 2020
Agenda PDF Minutes PDF

Agenda

  1. The Fresno EIFD Public Financing Authority met in regular session via ZOOM on the date and time written above.
  2. PAGE BREAK
  3. Roll Call
  4. 4 Approval of the Agenda
    Action: APPROVED Passed

    On motion of Board Member Bagunu, seconded by Board Member Soria,the above action was approved. The motion carried by the following vote:

  5. Approval of Minutes
  6. ID 20-001319 Approval of the August 31, 2020 Meeting Minutes.
    Action Item
    Action: ADOPTED Passed

    On motion of Board Member Soria, seconded by Chair Esparza, that the above Minutes was adopted. The motion carried by the following vote:

  7. Public Hearing
  8. ID 20-001317 HEARING - Public hearing of the Public Financing Authority to consider all written and oral protests received before the close of the public hearing along with the recommendations, if any, of affected taxing entities.
    Action Item
  9. Action Item(s)
  10. ID 20-001318 Take one of the following Actions Related to Formation of Fresno Enhanced Infrastructure Financing District, as applicable, pursuant to California Government Code Sections 53398.50 through 53398.88 (EIFD Law): a. Terminate the proceeding; or b. Call a protest election; or c. Adopt a resolution and ordinance to adopt the Infrastructure Financing Plan and to form the Fresno Enhanced Infrastructure Financing District.
    Action Item
    Action: ADOPTED Passed

    On motion of Chair Esparza, seconded by Board Member Soria, that the above Action Item be approved, introduced and laid over to October 7, 2020. The motion carried by the following vote:

  11. Adjournment