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Fortuna council directs staff to explore enhanced infrastructure financing district with Humboldt County
Summary
The Fortuna City Council unanimously authorized staff to contact the County of Humboldt to explore forming an Enhanced Infrastructure Financing District (EFID) after a presentation from a consultant on how the tool could fund transportation, flood control and other infrastructure projects.
On May 5, 2025, the Fortuna City Council voted unanimously to direct staff to contact the County of Humboldt to explore forming an Enhanced Infrastructure Financing District (EFID) that could capture future property-tax growth to pay for local infrastructure projects.
The study presented by Cosmont Companies estimated a present-value funding range for an EFID under several scenarios and argued that a county partnership would materially increase the dollars available for projects such as the Twelfth Street and Kenmore interchange improvements, pedestrian access to the Eel River and downtown streetscape work.
Amy Nelson, the city manager, told the council the feasibility analysis was authorized earlier and that the consultant would present numbers and options. Joe D'Aguz, senior vice president with…
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