Enhanced Infrastructure Financing District
The City of Sanger is in the process of establishing an Enhanced Infrastructure Financing District (EIFD) to fund community amenities. The purpose of the EIFD is to establish a funding mechanism that can facilitate the construction of infrastructure improvements in the North Academy Corridor. The establishment of the EIFD will not result in any new taxes or fees to the property owners.
Public Financing Authority (PFA)
The Sanger City Council has established a separate body, the Public Financing Authority (PFA), to oversee the creation of the EIFD and who is responsible for the adoption of the final IFP. The PFA will be responsible for the issuance of the bonds in the future as well. On November 18, 2021, the City Council adopted a Resolution of Intention to form the EIFD and established the Public Financing Authority (PFA) for oversight of the EIFD.
PFA Board Meetings
Meetings of the PFA Board begin at 6 PM at the Sanger City Council Chambers, 1700 7th Street, Sanger, CA, as follows:
March 29, 2022 - Introduction meeting
May 10, 2022 - Public meeting to present the draft Infrastructure Financing Plan (IFP) to the PFA and the public. Click here to read Notice of Public Meeting & Public Hearing
June 14, 2022 - First Public Hearing to hear written and oral comments. Click here to read Notice of Public Meeting & Public Hearing. Click here to read the June 14, 2022, Notice of Public Hearing.
Week of July 18, 2022 - Second Public Hearing to hear additional comments and take possible action to modify or reject IFP.
Week of August 22, 2022 - Third Public Hearing to consider oral and written protests and take action to terminate proceedings or introduce resolution approving IFP and forming the EIFD.
Areas within the Green hashmarks.
- Approximately 245 acres, not including about 25 acres of public right-of-way (7% of Citywide acreage)
- Approximately $17M in existing assessed value (1% of Citywide A/V)