RESOLUTION NO. 25-44
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NORWALK,
CALIFORNIA, APPROVING THE INFRASTRUCTURE FINANCING PLAN
FOR THE NORWALK ENHANCED INFRASTRUCTURE FINANCING
DISTRICT AND THE ALLOCATION OF THE CITY’S INCREMENTAL
PROPERTY TAX REVENUE WITHIN THE NORWALK ENHANCED
INFRASTRUCTURE FINANCING DISTRICT PURSUANT TO
GOVERNMENT CODE SECTIONS 53398.68 AND 53398.75
WHEREAS, the California Legislature enacted California Government Code Sections 53398.50 through 53398.88 (“EIFD Law”) authorizing cities and counties to form enhanced infrastructure financing districts within defined areas and use incremental property tax revenue generated from the growth in property taxes collected from within such districts to finance certain infrastructure and community benefit projects; and WHEREAS, in enacting the EIFD Law, the California Legislature found and determined that with the dissolution of redevelopment agencies, public benefits will accrue if local agencies are provided a means to finance certain public infrastructure and community benefit projects authorized under the EIFD Law; and WHEREAS, on March 18, 2025, the City Council of the City of Norwalk (“City Council”) adopted Resolution No. 25-09 (“Resolution of Intention”), which initiated the process to establish the Norwalk Enhanced Infrastructure Financing District (“Norwalk EIFD”) pursuant to EIFD Law; and
WHEREAS, pursuant to the Resolution of Intention, the City Council found that the Norwalk EIFD is necessary for the area within the boundaries of the Norwalk EIFD and the City of Norwalk (“City”) and declared that, pursuant to the EIFD Law, if approved by resolution pursuant to Government Code Section 53398.68, incremental property tax revenue from the City within the Norwalk EIFD may be used to finance the activities described in the Resolution of Intention; and
WHEREAS, pursuant to the Resolution of Intention, the City Council established the Norwalk EIFD Public Financing Authority (“PFA”) to serve as the governing board of the Norwalk EIFD; and
WHEREAS, on July 1, 2025, pursuant to Government Code Section 53398.63, the PFA directed staff to prepare a draft Infrastructure Financing Plan (“IFP”) for the Norwalk EIFD, which IFP is attached hereto as “Exhibit A” and is available for inspection at Norwalk City Hall, 12700 Norwalk Boulevard, Norwalk, CA, 90650; and Resolution No. 25-44 Page 2 of 3
4 3
6 7
WHEREAS, the IFP, among other things, includes a description of the public facilities to be financed by the Norwalk EIFD and a financing section that includes, among other things, a specification of the maximum portion of the incremental tax revenue of the City proposed to be committed to the Norwalk EIFD for each year during which the Norwalk EIFD will receive incremental tax revenue, and a projection of the amount of tax revenues expected to be received by the Norwalk EIFD in each year during which the Norwalk EIFD will receive tax revenues, including an estimate of the amount of tax revenues attributable to the City for each year; and
WHEREAS, on September 2, 2025, the PFA held a public meeting to present the IFP; and
WHEREAS, the City Council now desires to adopt this Resolution pursuant to Government Code Section 53398.68 to approve the IFP, substantially in the form prepared by the PFA, including the allocation of incremental tax revenue of the City in accordance with Government Code Section 53398.75 as set forth in the IFP.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NORWALK HEREBY DETERMINES, FINDS, AND RESOLVES AS FOLLOWS:
Section 1.The facts set forth in the Recitals of this Resolution are true and correct.
Section 2. The City Council hereby approves the IFP for the Norwalk EIFD substantially in the form presented to the City Council and attached hereto as “Exhibit A”, including, but not limited to, the specification of the maximum portion of the incremental tax revenue of the City to be committed to the Norwalk EIFD for each year during which the Norwalk EIFD will receive incremental tax revenue.
Section 3. The City Manager, or designee, are hereby authorized and directed to take all actions necessary or advisable to give effect to the transactions contemplated by this Resolution.
Section 4. This Resolution shall take effect immediately upon its adoption by the City Council and the City Clerk shall cause a copy thereof to be forwarded to the PFA.
Section 5. The adoption of this Resolution approving the EIFD IFP is exempt from the California Environmental Quality Act (CEQA) as they are actions solely related to the creation of a government funding mechanism and the administrative or organizational activities of the City. The adoption of this Resolution does not constitute a “project” pursuant to CEQA Guidelines Sections 15378(b)(4) and 15378(b)(5) and does not result in a physical change in the environment because the City has not committed itself to any specific project(s) that could be funded by the EIFD. As a separate and independent ground, this Resolution No. 25-44 Page 3 of 3
4 3
6 7
action is exempt from the requirements of CEQA pursuant to Section 15061(b)(3) of the CEQA Guidelines, because it can be seen with certainty that there is no possibility that they will have a significant effect on the environment. However, future actions (such as the approval of infrastructure improvements using funding from the EIFD) will be subject to environmental review in accordance with CEQA.
Section 6. The City Clerk of the City of Norwalk shall certify to the adoption of this Resolution.
Section 7.The Mayor, or presiding officer, is hereby authorized to affix his signature to this Resolution signifying its adoption by the City Council of the City of Norwalk and the City Clerk, or her duly appointed assistant, is directed to attest thereto.
APPROVED AND ADOPTED on this 16th day of September 2025.
____________________________
TONY AYALA
MAYOR
ATTEST:
_______________________________
THERESA DEVOY, CMC
CITY CLERK