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Mayor outlines EIFD plan, cites roughly $58 million potential for infrastructure
Summary
Mayor Zamora explained the city’s EIFD (a redevelopment-like financing mechanism), said Santa Fe Springs’ assessed value is about $11.9 billion, and estimated the EIFD could generate close to $58 million for infrastructure projects over time.
Mayor Zamora provided an explanation of the city’s Enhanced Infrastructure Financing District (EIFD) during council comments and outlined the anticipated scale of funds for infrastructure investments.
"For those of you who don't know what an EIFD is, it's almost like redevelopment money, but instead of it being two, it's one," Zamora said (remarks in…
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