REPORT TO THE CITY COUNCIL
May 14, 2020
FROM: Councilmember Nelson Esparza
SUBJECT
Title
RESOLUTION - Appointing the Members of the Fresno Enhanced Infrastructure Financing District Public Financing Authority
Body
RECOMMENDATION
Approve the appointing the following three Councilmembers and two members of the public to the Fresno Enhanced Infrastructure Financing District (Fresno EIFD) Public Financing Authority (PFA):
1. Councilmember Nelson Esparza
2. Councilmember Esmeralda Soria
3. Councilmember Miguel Arias
4. Mr. Mo Bagunu
5. Mr. Robert Fuentes
EXECUTIVE SUMMARY
Approval of the attached resolution would appointment five members to the Fresno EIFD PFA, which was formed pursuant to the Resolution of Intention passed by the Fresno City Council on April 23, 2020.
BACKGROUND
On April 23, 2020, Chapter 2.99 of Part 1 of Division 2 of Title 5 of the California Government Code (commencing with Section 53398.50) (the EIFD Law), the City Council passed a Resolution of Intention pursuant establish the Fresno EIFD to finance construction, and/or acquisition, and maintenance of capital improvements and establish a PFA (Council Resolution No. 2020-084). The instant action is a resolution appointing the members of the PFA.
Pursuant to EIFD Law, the FPA shall be comprised of three members of the legislative body of the participating agency and two members of the public. (Government Code 53398.51.1.) The PFA will conduct the required series of public hearings on the forthcoming Infrastructure Financing Plan as part of the process to formally establish the Fresno EIFD. (Government Code 53398.66.) The PFA will also serve as the governing body of the Fresno EIFD. (Government Code 53398.51(i).)
The following appointments are presented for approval:
1. Councilmember Nelson Esparza
2. Councilmember Esmeralda Soria
3. Councilmember Miguel Arias
4. Mr. Mo Bagunu
5. Mr. Robert Fuentes
The proposed resolution sets fourth two-year terms for members.
ENVIRONMENTAL FI...
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