To: Board of Supervisors
From: Clerk of the Board
Agenda Section: Departmental
SUBJECT:
title
Consider Making the Appointments to the Public Finance Authority for the Samoa Peninsula Enhanced Infrastructure Financing District
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Consider appointing three members from the Board of Supervisors.
2. Consider appointing two public members.
Body
SOURCE OF FUNDING:
None
DISCUSSION:
At the June 29, 2021 Board of Supervisors meeting, your Board approved Resolution 21-68 which established the Public Finance Authority for the Samoa Peninsula Enhanced Infrastructure Financing District. The vacancy for public members was posted on June 30, 2021 and applications accepted.
The membership for this newly formed Public Financing Authority is stated in the Resolution and would consist of three Board of Supervisor members and two public members. Members shall serve at the pleasure of the Board with no limiting terms.
FINANCIAL IMPACT:
There is no financial impact related to the action of appointing members to the Public Finance Authority. However, once appointed, members will serve a separate body from the Board of Supervisors and will have the authority to take financial action related to the Samoa Peninsula Enhanced Infrastructure Financing District, which will be financing through tax sharing agreements with the county.
STRATEGIC FRAMEWORK:
This action supports your Board’s Strategic Framework by facilitating the establishment of local revenue sources to address local needs
OTHER AGENCY INVOLVEMENT:
None
ALTERNATIVES TO STAFF RECOMMENDATIONS:
Board discretion
ATTACHMENTS:
Applications
PREVIOUS ACTION/REFERRAL:
Board Order No.: N/A
Meeting of: June 29, 2021
File No.: 21-505