Council receives EIFD briefing outlining how tax‑increment districts could fund long‑term infrastructure

Summary

City staff briefed the council on Enhanced Infrastructure Financing Districts (EIFDs): how tax‑increment capture works, eligible capital projects (roads, sewer, housing), feasibility steps and the requirement that participating taxing entities approve the financing plan; staff warned EIFDs take years to yield significant revenue and overlap with successor redevelopment obligations can delay benefits.