Council hears CMFA 'BOLD' program pitch as possible tool for developer-funded infrastructure
In a workshop staff and a CMFA adviser presented the BOLD (Bond Opportunities for Land Development) program, which would let developers form CMFA-managed CFDs to fund infrastructure and impact fees; council asked for outreach to builders before any formal approval.
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City staff and a representative of the California Municipal Finance Authority briefed the Fresno City Council on May 7 about the BOLD program, a CMFA-managed option that lets developers form community facilities districts (CFDs) through CMFA to finance public improvements and impact fees.
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