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Cotati authorizes feasibility study for tax‑increment financing district with Cosmont; staff may proceed to next phase
Summary
Council authorized a city manager contract with Cosmont to perform a phased feasibility evaluation of potential tax‑increment financing (EIFD) with a proposed 50/50 cost split with Rohnert Park; staff may decide to proceed to phase 2 based on phase 1 results.
The Cotati City Council voted to authorize the city manager to execute an agreement with Cosmont Companies to evaluate the feasibility of a tax‑increment financing district, often referred to as an enhanced infrastructure financing district (EIFD). The proposed scope calls for a phased approach: phase 1 (feasibility and high‑level analysis), phase 2 (detailed fiscal impact report) and phase 3 (implementation, if pursued).
City staff recommended…
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