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Santa Cruz County agrees to explore joining Scotts Valley infrastructure financing district
Summary
The Board of Supervisors voted 5-0 April 14 to adopt a resolution of intention to participate in the City of Scotts ValleyEnhanced Infrastructure Financing District formation process, joining a multi-agency effort to capture future property-tax increment for infrastructure, affordable housing and wildfire prevention.
The Santa Cruz County Board of Supervisors voted unanimously April 14 to move forward with exploring participation in an Enhanced Infrastructure Financing District, or EIFD, proposed by the City of Scotts Valley.
The boardadopted a resolution of intention, appointed Supervisor Monica Martinez and County Executive Officer Nicole Coburn to the Public Financing Authority that would govern the district, and found the district-formation step exempt from the California Environmental Quality Act. County staff and city consultants said the step does not exempt later development projects from CEQA review.
Nicole Coburn, the countyexecutive officer, told the…
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