Res19 15780 - Laserfiche WebLink

Browse Search

REDWOOD CITY maintain the public -realm landscaping in the area. The landscape staff used to maintain this landscaping can be trained in GI maintenance practices and qualified in sustainable landscaping services. Infrastructure Financing Districts: Infrastructure financing districts (IFD), a relatively new funding mechanism, may develop into a viable mechanism. IFDs have emerged as a potential replacement for Redevelopment Agencies, which were eliminated in 2012. Cities and counties may create IFDs to capture ad valorem tax increments, similar to the now -defunct Redevelopment Agencies, to invest within the specific IFD boundaries. IFDs are not limited to blighted areas and can directly, or through 30 -year bonds, fund local infrastructure including highways, transit, water systems, sewer projects, flood control, childcare facilities, libraries, parks, and solid waste facilities. However, the formation of an IFD requires consent from all the impacted local agencies (school districts are exempt from IFDs) and two-thirds support from eligible voters within the IFD boundaries. Both of these are high hurdles, which may explain why so few IFDs have been Formed. In addition, IFDs cannot pay for maintenance, repairs, operating costs, and services, and IFDs do not have access to the school's portion of the property tax increment. In 2014, the California Legislature approved the Enhanced Infrastructure Financing District (EIFD) structure, in part to offer an alternative to the recently banned redevelopment structure. Unlike the IFD, it does not require voter approval unless bonds are to be issued. Like the IFD, the schools' portion of property tax increment is not available. This financing structure may be a good fit for localized areas where stormwater infrastructure and quality, and particularly environmental clean-up on private properties, are major concerns. An EIFD can be created with multiple municipalities, so it can span political boundaries making it a good fit for a watershed approach to GI funding. RWC GREEN INFRASTRUCTURE PLAN GREEN INFRASTRUCTURE PLAN 38 JUNE 2019 ATTY/RESO.0075/CC RESO APPROVING THE GREEN INFRASTRUCTURE PLAN — EXHIBITA RESO. NO. 15780 REV: 06-20-19 PR MUFF NO. 802