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29B - SCAG PILOT
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29B - SCAG PILOT
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Last modified
11/15/2018 9:19:41 PM
Creation date
11/15/2018 9:13:20 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
29B
Date
11/20/2018
Destruction Year
2023
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Pilot Project with SCAG <br />November 20, 2018 <br />Page 2 <br />major differences with a CRIA is that 80% of the eligible areas must meet low income and other <br />requirements (e.g. crime, unemployment, deteriorated infrastructure), voter approval for the <br />issuance of bonds is not required, and there is a requirement of 25% set aside for low/moderate <br />income housing. <br />Projects that could be financed by the EIFD or CRIA may include, but not be limited to, all of the <br />following: <br />• Highways, interchanges, and ramps; <br />• Bridges; <br />• Arterial streets; <br />• Parking facilities; <br />• Transit facilities; <br />• Parks, recreational facilities, and open space; <br />• Sewage treatment and water reclamation plants and interceptor pipes; <br />• Facilities for the collection and treatment of water for urban uses; <br />• Facilities for the transfer and disposal of solid waste, including transfer stations and <br />vehicles; <br />• Storm water conveyance and collection facilities; <br />• Flood control levees and dams, retention basins, and drainage channels; <br />• Child care facilities; <br />• Libraries; <br />• Broadband and telecommunications infrastructure; <br />• Sidewalks and streetscape improvements; <br />• Bicycle lanes and paths; <br />• Public art; <br />• Corporation yards; <br />• Police facilities; <br />• Brownfield remediation; <br />• Affordable housing as authorized under the EIFD Law; <br />• Projects that implement a sustainable communities strategy and transit priority projects; <br />and <br />• Acquisition, construction, or repair of industrial structures for private use. <br />Through a proposed pilot program with the Southern California Association of Governments <br />(SCAG) and Kosmont Companies, all types of financing will be analyzed for possible <br />implementation in targeted areas of the City of Santa Ana. The Study will: <br />Evaluate the financing and funding capacity and the feasibility for implementation of an <br />Enhanced Infrastructure Financing District (EIFD), Community Revitalization <br />Investment Authority (CRIA), or similar tool over the near and long terms; <br />• Estimate the feasibility and capacity utilizing market-based assumptions, as well as an <br />inventory of anticipated development and public investment projects to be provided <br />initially by City staff; and <br />29B-2 <br />
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