To: Board of Supervisors
From: County Administrative Office
Agenda Section: Time Certain Matter
SUBJECT:
title
10:30am - Meeting of the Public Financing Authority (PFA) for the Samoa Peninsula Enhanced Infrastructure Financing District (EIFD), Resolution Preparing the Infrastructure Finance Plan (IFP), Adoption of the Conflict of Interest Code, and Appointment of Various Positions
end
RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Adjourn as the Humboldt County Board of Supervisors;
2. Appointed members convene as the Public Financing Authority for the Samoa Peninsula Enhanced Infrastructure Financing District;
a. Roll call
b. Public comment on non-agenda items
c. Agenda Items
i. Elect Chair and Vice-Chair of the Public Financing authority
a. Discussion
b. Public Comment
ii. Adopt a resolution (Attachment 1) that:
1. Directs the preparation of the IFP
2. Adopts the Conflict of Interest Code, and
3. Makes various appointments
a. Discussion
b. Public Comment
iii. Review of EIFD timeline and upcoming Public Hearing dates
iv. Discussion
v. Public Comment
3. Adjourn the Public Finance Authority for the Samoa Peninsula Enhanced Infrastructure Finance District; and
4. Reconvene as the Humboldt County Board of Supervisors
Body
SOURCE OF FUNDING:
General Fund (1100) - Property Tax
DISCUSSION:
On June 29, 2021, your Board adopted a Resolution of Intention (ROI) to form the Enhanced Infrastructure Financing District (EIFD) and established the Public Finance Authority (PFA) to be the governing body of the EIFD. As part of the EIFD formation process, the PFA is required to direct the preparation of an Infrastructure Finance Plan (IFP). The IFP is a legal document required by legislation. The document describes the EIFD and specific requirements related to financing and implementing goals of the EIFD. Upon the completion of the IFP, it will be distributed to the Board of Supervisors and other interested parties as identified in th...
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