HomeMy WebLinkAbout2021/11/03 - Minutes - Special November 3, 2021
CITY OF RANCHO CUCAMONGA
CITY COUNCIL/FIRE PROTECTION DISTRICT SPECIAL MEETING MINUTES
The City of Rancho Cucamonga City Council held a Special Meeting on Monday, November 3, 2021, in the Tri-
Communities Conference Room at City Hall, located at 10500 Civic Center Drive, Rancho Cucamonga,
California. Mayor Michael called the meeting to order at 3:35 p.m.
Present were Councilmembers: Ryan Hutchison, Kristine Scott,Sam Spagnolo, Mayor Pro Tern Lynne Kennedy,
and Mayor L. Dennis Michael.
Also present were: John Gillison, City Manager; James L. Markman, City Attorney, Matt Burris, Deputy City
Manager/Community and Economic Development; Lori Sassoon, Deputy City Manager/Administrative Services
and Linda A. Troyan, City Clerk Services Director.
Council Member Hutchison led the pledge of allegiance.
B. PUBLIC COMMUNICATIONS
There were no public communications.
C. ITEMS OF DISCUSSION
C1. Study Session - Enhanced Infrastructure Financing Districts (EIFD). (CITY)
City Manager Gillison reported when redevelopment agencies in California were eliminated, there was no longer
a financing mechanism to invest in infrastructure to support development in cities. Years later, a new financing
tool called the Enhanced Infrastructure Financing District (EIFD) was developed. EIFD is how redevelopment
worked, providing for the use of tax increment financing for certain types of infrastructure and other public
investments.
Deputy City Manager Sassoon introduced Joe Dieguez, Senior Vice President of Kosmont Companies, who via
PowerPoint explained how EIFD's work. He informed that an EIFD can take 12-18 months to form, is governed
by a Public Financing Authority led by city or county, with mandatory hearings for its formation and requires no
public vote to issue debt. He clarified that it is not a tax. He noted that a partnership can be developed with the
County for beneficial uses of a site. Included in the presentation was an analysis regarding how an EIFD might
be used to finance potential future infrastructure projects in the city.
Joe Dieguez, Senior Vice President of Kosmont and Deputy City Manager Sassoon responded to Council
comments on this new private sector investment and development method.
Council consensus to: Pursue district formation to establish base year for incremental value growth as soon as
feasible (first action would be City/County adoption of a Resolution of Intent); and continue to pursue
opportunities for external funding sources (e.g. IIG and AHSC grants), ideally under joint City/County EIFD
platform for greater priority; discuss with potential partners(e.g., County)to determine feasibility for cooperation;
and refine analysis assumptions (e.g., boundary, development projections, levels of contribution, targeted
infrastructure costs) based on continued outreach and feedback.
D. ADJOURNMENT
Mayor Michael adjourned the meeting at 4:55 p.m.
Res ectfully submitted,
nda . Troyan, MMC
Ci lerk Services Director
Approved: December 1, 2021 — Regular Meeting
November 3, 2021 City Council Special Meeting Minutes
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