PREPARED BY: MATT RODRIGUEZ DATE OF MEETING: 03/02/2026
SUBJECT:
TITLE
CONSIDER RESOLUTION (1) APPROVING A FIRST AMENDMENT TO THE PROFESSIONAL SERVICES AGREEMENT WITH KOSMONT FINANCIAL SERVICES FOR IMPLEMENTATION OF PHASE II CONTRACT SERVICES FOR ENHANCED INFRASTRUCTURE FINANCING DISTRICT (EIFD) FORMATION AND DEVELOPMENT; AND (2) REVISE ONE-TIME FUNDING APPROPRIATION TO $79,500 FROM FY 2025-26 GFDR FUND 110 OPERATING RESERVE TO FUND #100-1310-43600 OPERATING BUDGET - PROFESSIONAL SERVICES (PREVIOUSLY ADOPTED ON JANUARY 26, 2026 VIA RESOLUTION 2026-009)
CEQA: This proposed action is not a project as defined by CEQA.
Label
CITY MANAGER RECOMMENDATION
Recommendation
Adopt Resolution
Body
Compliance statements
FY 2025-27 Council Priority Workplan Compliance Statement
Under Major Policy Goal: Focus on Economic Development and Fiscal Diversification, Policy No. #417 - Explore feasibility and implementation of an Enhanced Infrastructure Financing District (EIFD) as an economic development tool to capture value from potential new development across the City to fund critical infrastructure and community investment priorities is an adopted policy contained in the FY 2025-27 City Council Priority Workplan, effective April 7, 2025.
CEQA Compliance Statement
This proposed action is not a project as defined by CEQA.
BACKGROUND
On January 26, 2026, the City Council reviewed the feasibility of creating an Enhanced Infrastructure Financing District (EIFD) from Kosmont Financial Services (Kosmont) to potentially develop a new economic development financing mechanism using tax increment for funding future capital infrastructure and leveraging private economic and housing investments for the City.
Specifically, the formal policy implementation of a future EIFD will enable the City of San Pablo to leverage tax increment funds for the purpose of construction of capital improvements in the following project categories including, but not limited to, the following...
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