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Cotati authorizes Cosmont contract to study tax‑increment financing feasibility; staff may proceed to phase 2
Summary
Council authorized the city manager to execute a phase‑1 agreement with Cosmont to evaluate feasibility of a tax‑increment financing district (EIFD/EIFD) in partnership with neighboring Rohnert Park; estimated phase‑1 cost ~$140,000 (50/50 split), a single‑district implementation target date of Dec. 1, 2026 was discussed, and staff may authorize phase‑2 work if warranted.
The Cotati City Council approved a consulting agreement with Cosmont to complete a phase‑1 feasibility analysis of a tax‑increment financing district, with Rohnert Park proposed as a partner on a 50/50 cost‑sharing basis.
Staff explained that the joint request for proposals returned four responses and Cosmont was the recommended firm because of broad state experience with enhanced infrastructure finance districts. The proposed work plan divides the effort into three phases: phase 1 is a…
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