PREPARED BY: MATT RODRIGUEZ DATE OF MEETING: 12/10/2025
SUBJECT:
TITLE
ENHANCED INFRASTRUCTURE FINANCING DISTRICT (EIFD) FEASIBILITY ANALYSIS POLICY AMENDMENT TO THE FY 2025-27 COUNCIL PRIORITY WORKPLAN - UNDER MAJOR POLICY GOAL: FOCUS ON ECONOMIC DEVELOPMENT AND FISCAL DIVERSIFICATION
CEQA: This is not a project as defined by CEQA.
Label
CITY MANAGER RECOMMENDATION
Recommendation
1). Receive presentation; and
2). Recommend a Policy Recommendation to the FY 2025-27 Council Priority Workplan, under Major Policy Goal: Focus on Economic Development and Fiscal Diversification) to proceed with adding: “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.”
3). Direct City Manager/Kosmont Consultant Team to finalize the feasibility analysis (Phase I), and upon completion, recommend proceeding with implementation (Phase II), with a one-time funding allocation of $79,000 from FY 2025-26 GFDR (Fund 110) Operating Reserve; and
4). Schedule a Council Study Session for further City Council review/feedback on progress & implementation; and
5). Recommend future City Council consideration of a non-binding Resolution of Intention and/or explore discussion with Contra Costa County regarding potential partnership.