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Artesia explores EIFD to help pay Metro station match and fund local projects; council asks staff to pursue county talks
Summary
The council received a presentation on enhanced infrastructure financing districts (EIFDs), discussed possible boundaries and uses — including paying Metro’s estimated 3% local match for the Southeast Gateway line — and voted to direct staff to advance outreach with Los Angeles County, targeting October–November follow-up steps.
City Manager and consultant Joe (Cosmont) briefed the Artesia City Council on Sept. 8 about an Enhanced Infrastructure Financing District (EIFD), a tax-increment financing tool the city could use to dedicate a portion of future property-tax growth within a defined boundary to pay for public infrastructure.
What was presented: Joe, a consultant on Metro’s advisory bench retained by Metro for outreach, outlined how an EIFD would capture only incremental growth in property tax within a district (not current tax shares). The district can be formed by a city alone or as a city–county partnership; the county may choose to match a portion of its own tax increment, which significantly increases financing capacity. Cosmont’s preliminary study-area boundary covers roughly 324 acres (about 31% of Artesia’s acres) and represents about 25% of the…
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