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Cotati staff outline EIFD feasibility study to unlock infrastructure funding, caution county participation could constrain local control
Summary
Staff presented an initial feasibility screening for an Enhanced Infrastructure Financing District covering about 185 acres that could yield multi-year bonding capacity; staff noted school districts cannot contribute increment and county participation will be subject to fiscal analysis and supervisory approval.
Staff presented an initial feasibility study for an Enhanced Infrastructure Financing District (EIFD) intended to fund infrastructure that would unlock stalled development in Cotati. The proposal covers priority areas including the Gravenstein Corridor, downtown specific-plan area and the train-depot/TOD zone — roughly 185 acres or about 15% of the city — and would aggregate tax-increment from underdeveloped parcels to support projects like sewer/water capacity improvements, roadway…
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