From:
To: City Council
Subject: Question Regarding Potential EIFD Infrastructure Projects (Agenda Item 13a) Date: Thursday, December 14, 2023 8:13:01 PM
POTENTIAL INFRASTRUCTURE PROJECTS
Do specific infrastructure projects have to be declared as the purpose of an EIFD during its creation and the revenue generated spent only on the declared projects, or does creation of an EIFD establish a general revenue fund that can be spent on any or all of the potential projects listed in the ad hoc committee's report out at the discretion of whomever presides over the EIFD after it's inception?
Please answer this question during the December 19 council meeting.
Thanks and regards,
admin
Sebastopol