Legislación / ID 22-208

***RESOLUCIÓN - Adoptar la enmienda 37 a la Resolución de Asignación Anual (AAR) No. 2021-178 para asignar $9,500 para el reembolso de gastos relacionados con la formación del Distrito de Financiamiento de Infraestructura Mejorada de Fresno (Requiere 5 Votos Afirmativos) (Sujeto al veto del Alcalde).

ID 22-208 · Action Item · Passed

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Presentado por
City Council
Fecha
Thu, Jan 27, 2022
Resultado
Thu, Jan 27, 2022

Texto completov1

REPORT TO THE CITY COUNCIL FROM: GEORGEANNE A. WHITE, Assistant City Manager Office of the Mayor & City Manager NELSON ESPARZA, Council President District 7, City Council SUBJECT ..Title ***RESOLUTION - Adopting the 37th amendment to the Annual Appropriation Resolution (AAR) No. 2021-178 to appropriate $9,500 for reimbursement of expenses related to the formation of the Fresno Enhanced Infrastructure Financing District (Requires 5 Affirmative Votes) (Subject to Mayor's Veto). ..Body RECOMMENDATION The Administration recommends Council approve AAR No. 2021-178 in the amount of $9,500 to reimburse the Council District 7 budget for funds it expended for consulting services related to the creation of the Enhanced Infrastructure Financing District. EXECUTIVE SUMMARY In 2020, the City Council formed the Fresno Enhanced Infrastructure Financing District (EIFD) to finance the construction and/or acquisition and maintenance of capital improvements and established a Public Financing Authority. Council President Esparza led this effort and as a result, expended funds out of his district budget for consulting services that should have been paid for out of the General City Purpose division. The Administration wishes to reimburse the District 7 budget since the formation of the EIFD is a project that is beneficial to the City as a whole. BACKGROUND The City Council formed the Fresno Enhanced Infrastructure Financing District in 2020 to finance the construction and/or acquisition and maintenance of capital improvements and established a Public Financing Authority. The EIFD is intended to serve as a catalyst for private sector investment and critical infrastructure with transformative potential for the EIFD area and the City of Fresno as a whole. The EIFD encompasses approximately 4,237 acres of land, representing approximately 5.8% of the City's total approximately 73,400 acres. Because the EIFD includes the southern portion of the Blackstone Avenue BRT Corridor, Council President Esparza championed the effort and coordinated necessary consulting work. Some of the consulting expenses were paid out of his District 7 budget instead of the General City Purpose budget. The Administration and Council President recommend that the District 7 budget be reimbursed for the $9,500 in consulting charges that were paid out of the District 7 budget. ENVIRONMENTAL FINDINGS This is not a project as defined by CEQA. LOCAL PREFERENCE Local preference does not apply. FISCAL IMPACT The General City Purpose budget will cover the $9,500 cost. Attachment: AAR EIFD

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FechaÓrganoAcciónResultado
Thu, Jan 27, 2022City CouncilAPPROVED ON CONSENT CALENDARPass

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