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Attach 3_Resolution - EIFD

Salinas City Council
October 24, 2023

Document
Attach 3_Resolution - EIFD
Meeting
October 24, 2023
Body
Salinas City Council
Original file
24 KB
Text extracted from the city's file for reading and search. Open the original on legistar2.granicus.com. That file is the official record.

RESOLUTION NO. (N.C.S.)
A RESOLUTION OF THE SALINAS CITY COUNCIL DIRECTING STAFF TO PREPARE A RESOLUTION OF INTENTION (ROI) TO FORM AN ENHANCED INFRASTRUCTURE FINANCING DISTRICT (EIFD) TO FUND THE BACKBONE INFRASTRUCTURE AT THE SALINAS AG INDUSTRIAL CENTER (SAIC) AND AUTHORIZING THE MAYOR TO ENTER INTO AN AGREEMENT FOR PROFESSIONAL SERVICES WITH KOSMONT & ASSOCIATES INC, FOR THE FORMATION OF THE ENHANCED INFRASTRUCTURE FINANCING DISTRICT FOR A NOT TO EXCEED AMOUNT OF $129,000 WHEREAS, In November 2010, the City Council approved the entitlements for the Salinas Ag-Industrial Center (SAIC). The SAIC promotes job creation and retention and for new relocating agricultural-related industries to grow in Salinas and establishes the City’s first agricultural-industrial center at 257 acres devoted to agricultural-related businesses; and WHEREAS, after almost 13 years the SAIC remains undeveloped largely due to costs associated with building necessary backbone infrastructure estimated at over $69 million dollars for both phase 1 and phase 2; and WHEREAS, an updated 2023 update of the SAIC EIFD feasibility analysis prepared in 2016, confirms that an EIFD is the most viable infrastructure funding source; and WHEREAS, on April 2023, the City released a Request for Proposals (RFP) to the City’s On-Call list seeking a qualified firm to form an EIFD; and WHEREAS, based on staff review of the written proposals, Kosmont & Associates Inc, (Kosmont) was identified as the most qualified consultant; and WHEREAS, Kosmont met all the requirements of the RFP scope of work and demonstrated a vast amount of experience forming EIFDs; and WHEREAS, in accordance with the EIFD Law the mailing of the ROI to affected taxing entities and property owners is a required step of providing notice and initiating the dialogue required for any potential property tax modifications; and WHEREAS, this action is not a project as defined by the California Environmental Quality Act (CEQA) Section 15061 (b) (3) as there is no possibility that the action may have a significant effect on the environment. Any subsequent discretionary projects resulting from this action will be assessed for CEQA applicability.

NOW, THEREFORE, BE IT RESOLVED that the Salinas City Council (1) directs staff to prepare a Resolution of Intention (ROI) to form an EIFD to fund the backbone infrastructure at the Salinas Ag-Industrial Center, and (2) authorizes the Mayor to enter into an Agreement for Professional Service agreement (Agreement) with Kosmont & Associates to support the formation of the Enhanced Infrastructure Financing District for an amount not to exceed one hundred and twenty-nine thousand dollars ($129,000).

PASSED AND APPROVED this 24th day of October 2023, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

APPROVED:
________________________
Kimbley Craig, Mayor
ATTEST:
_________________________
Patricia M. Barajas, City Clerk

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