Enhanced Infrastructure Financing District (EIFD)
The City of Palmdale in partnership with the County of Los Angeles has established an Enhanced Infrastructure Financing District (EIFD) in boundaries of the City of Palmdale and unincorporated Los Angeles County (see boundary map). The purpose of this district is to create a funding mechanism that can facilitate the construction of public infrastructure improvements in this area.
A portion of the property tax increment that the City of Palmdale and the County of Los Angeles receive would be specifically restricted to pay for the infrastructure projects listed in the Infrastructure Financing Plan (IFP) at an estimated $606 million be dedicated to the Palmdale EIFD over a 50-year period. These infrastructure improvements prioritize by the EIFD will include key infrastructure projects that are cost prohibitive due to the significant cost to serve the sites and prevent new development from occurring. These infrastructure investments will assist the City’s efforts to create jobs, provide housing opportunities, and invest in local and regional transportation projects. The establishment of the EIFD will not result in any new taxes or fees to the property owners in the EIFD boundaries or the City.
Documents related to Palmdale Enhanced Infrastructure Financing District are provided below.
- Frequently Asked Questions
- Draft Infrastructure Financing Plan (IFP)
- Bylaws of the Palmdale PFA
- Notice of Exemption: Infrastructure Financing Plan - TBD
- Palmdale City Council Agenda Report Adopting and Appointing the Public Financing Authority – June 22, 2021
- County of Los Angeles Agenda Report Appointing Public Member to PFA- June 22, 2021
- County of Los Angeles Agenda Report Appointing Supervisor Kathryn Barger to PFA- June 8, 2021
- Palmdale City Council Agenda Report Adopting Resolution of Intent to Form EIFD – June 1, 2021
- Resolution CC 2021-044 of the City of Palmdale Establishing the PFA- June 1, 2021
The City Council has established a separate body, the Public Financing Authority (PFA), to oversee the creation of the EIFD and who is responsible for the adoption of the final IFP. The PFA will be responsible for the issuance of the bonds in the future as well. On June 1, the Palmdale City Council approved Resolution No. CC-2021-044 which formally announced and set forth the future PFA public hearing date to comply with the current EIFD statue and achieve authorization to issue EIFD debt. Assembly Bill No. 116 (AB 116) was enacted to authorize the PFA to issue bonds without submitting a proposal to the voters and requires the PFA to hold three public hearings on an enhanced infrastructure financing plan. On June 22, 2021 the Palmdale City Council appointed two Councilmembers; Mayor Steve Hofbauer and Councilmember Juan Carrillo and one City public member; Kathy MacLaren-Gomez and Los Angeles County Board of Supervisors appointed Supervisor Kathryn Barger and County public member; Dianne Knippel to create the five member PFA.
July 13, 2021 Meeting
July 27, 2021 Meeting
PFA Public Hearing
September 7, 2021, October 12, 2021 and November 16, 2021, at 3:30 p.m. or as soon as possible thereafter as the matter may be heard at the Council Chambers, 38300 Sierra Hwy, Palmdale, Suite B, Palmdale California, as the dates, time and place, when and where the PFA will conduct a public hearing on the IFP for the Palmdale EIFD.
September 7, 2021 Public Hearing Meeting
- Zoom attendee link
- Numbers: US: +1 312 626 6799 or +1 301 715 8592
- Webinar ID: 849 8190 8231
- Passcode: 981068
October 12, 2021 Public Hearing Meeting
November 16, 2021 Public Hearing Meeting
For additional information or questions email: EIFD@cityofpalmdale.org or call 661/267-5125.