Winters council votes to join statewide SCIP program to help finance developer infrastructure
The Winters City Council unanimously adopted Resolution 2024-68 authorizing enrollment in the California Statewide Communities Development Authority's SCIP program, a mechanism that allows developers to finance public improvements and development fees through assessment-backed, project-specific bonds.
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City staff introduced Resolution 2024-68 seeking council authority for Winters to participate in the Statewide Community Infrastructure Program (SCIP) administered by the California Statewide Communities Development Authority (CSCDA). Staff described SCIP as a financing tool that lets developers spread costs for public improvements or development impact fees through a 20-year assessment on the benefiting property, with bonds sold by the statewide program to secure lower interest rates.
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