Update on the Proposed Enhanced
Infrastructure Finance District (EIFD)
for the Cities of Cotati and Rohnert
Park
City Council, 4/28/26 EIFD 1
How TIF Generates Revenue
$0M
Note: Illustrative.
Baseline
Property Value
0 5 10
Baseline Property Value at District Formation
All Property Tax Stays with General Fund
15 20 25 30 35 40
Years from District Formation
45 50 55
New Property Value from
New Development / Rehabilitation
Some Portion of Property Tax Available to TIF District, Remainder Stays with General Fund
Assessed
Property Value
within District
New Value
After TIF
District
All Property
Tax Goes to
General Fund
City Council, 4/28/26 EIFD 2
Why are the Cities proposing to form an
EIFD?
• Currently undeveloped or underdeveloped parcels with low assessed values and low property tax revenue
• Need infrastructure investment to unlock and accelerate development potential
• Resulting redevelopment will greatly increase the assessed value and resulting property tax revenue for all taxing entities City Council, 4/28/26 EIFD 3
Proposed to Meet Adopted County Goals
• The City’s contribution of property tax increment as a percentage will be greater than or equal to the County’s property tax increment contribution.
• A positive net impact to the County General Fund
• Supports economic development and aligned with County strategic priorities in one or more of the following areas:
• affordable housing
• climate adaptation and resilience
• transit-oriented development
• active transportation
• advancing racial and social equity
City Council, 4/28/26 EIFD 4
Potential EIFD (Rohnert Park
portion)
• City-owned 28-acres Downtown (part of
DDAZ) and larger Central PDA and Golf
Course, Southwest Boulevard corridor
• Approx. 342 acres (~7.3% of City)
• $739M in existing assessed value (~9.2% of
Citywide value)
City Council, 4/28/26 EIFD 5
Potential EIFD (Cotati portion)
EIFD 6
• Gravenstein Corridor and
Downtown / Cotati Depot Priority
Development Areas (PDAs)
• Approx. 185 acres (~15.4% of City)
• $281M in existing assessed value
(~18.0% of Citywide value)
City Council, 4/28/26
City Projects, Rohnert Park
• Copeland Creek
• Detention Basin & Refugia (approx. $27M)
• Trail improvements ($3M)
• Highway 101 bike/PED overpass
• Street/Infrastructure Improvements
• Keiser/Snyder area ($9M) (near last infill project in RP sphere of influence) • Well replacement
• Affordable Housing Construction
• Transit near Downtown project
• SMART station transit bus connector and last mile service (TBD) • Transit improvements near Downtown (bus stops, roundabouts, etc.) ($9M) • Fuel container improvements to Public Works yard (hazard mitigation) City Council, 4/28/26 EIFD 7
City Projects, Cotati
• Roadway & Traffic Flow & Safety Improvements
• Highway 116 Intersection Improvements
• Old Redwood Highway Intersection Signalization and Widening • East Cotati Avenue Signalization
• La Plaza Park Consolidation, Roadway Widening and Improvements • Affordable Housing Construction
• Water & Sewer New Capacity Improvements
• Old Redwood Highway Sewer Trunk Main
• Cypress/West Sierra Water Storage Tanks
• Well #4
City Council, 4/28/26 EIFD 8
11/18/2025 City Council
Revenue
Allocation
Scenario
Year 5
Accumulated
Revenue +
Bonding
Capacity*
Year 10
Accumulated
Revenue +
Bonding
Capacity*
50-Year
Present-Value
@ 3%
Discount Rate
50-Year
Nominal
Total
City 25% + County 25%
Rohnert Park $2,197,000 $7,056,000 $32,552,000 $85,114,000 Cotati $1,510,000 $5,272,000 $18,174,000 $46,144,000
City 50% + County 50%
Rohnert Park $5,056,000 $14,774,000 $65,104,000 $170,228,000 Cotati $3,683,000 $11,205,000 $36,348,000 $92,287,000
City Council, 4/28/26 EIFD 9
*The County of Sonoma and City of Santa Rosa adopted Infrastructure Financing Plan (IFP):
25% County + 50% City (includes Vehicle License Fee)
County Feedback and Considerations
• What's the cost to the County's general fund?
• What's the cumulative impact on the County's general fund (or any fund) of current, proposed, and yet-to-be-proposed EIFDs throughout Sonoma County?
• Looking for infrastructure projects that are clear catalysts for development within the EIFD. What’s the anticipated impact on property tax revenue? • What other districts and/or methods are the Cities considering to catalyze those projects?
• Feasibility of the proposed timeline for formation?
City Council, 4/28/26
EIFD Formation Timeline
Target Date Task
Dec 2025 – June 2026
(We are Here)
Conduct outreach/discussion among City staff and Council, County staff and Board of Supervisors, other relevant stakeholders
-->Cities to conduct fiscal impact analysis of impacts to County/City general funds from proposed EIFD Final determination of district boundaries, eligible projects, governing Public Financing Authority (PFA) Board June / July 2026 Participating taxing agencies adopt Resolution(s) of Intention (ROI) and formally establish PFA August 2026 PFA directs the drafting of the Infrastructure Financing Plan (IFP) September 2026 Distribute draft IFP to property owners, affected taxing entities, City Council, County Board of Supervisors October 2026 PFA holds an initial public meeting to present the draft IFP to the public and property owners Oct / Nov 2026 City Council/legislative bodies of other affected taxing entity contributing increment adopt resolution(s) approving IFP November 2026
PFA holds first public hearing to hear additional comments and take action to modify or reject IFP (at least 30 days after initial public meeting of draft IFP) December 2026 PFA holds second public hearing to consider oral and written protests and take action to terminate proceedings or adopt IFP and form the district by resolution (at least 30 days after “h”) City Council, 4/28/26 EIFD 11
Questions?
City Council, 4/28/26 EIFD 12