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EIFD Public Financing Authority
|Member Name||Position||Started Serving||Current Term Expiration|
|Bill Brand||Board Member||08/13/2019|
|Todd Lowenstein||Board Member||08/13/2019|
|Christian Horvath||Board Member||08/13/2019|
|Brad Waller||Board Member||08/13/2019|
|Dr. Michelle Bholat||Board Member||08/13/2019|
Next Meeting Scheduled for November 7, 2019 5:00 PM
City Council Chambers, 415 Diamond Street, Redondo Beach, CA 90277
For more information regarding this Commission or Board, please contact the Staff Advisor:
Stephen Proud, Director
Waterfront and Economic Development
Consists of 5 Members. Under EIFD law, the EIFD Public Financing Authority is the governing board of the Redondo Beach EIFD. The Public Financing Authority directs the preparation of an Infrastructure Financing Plan for the Redondo Beach EIFD. The Plan will include tax increment revenue projection updates, infrastructure to be financed with EIFD funds, caps to the maximum tax increment revenue and bond authorization, and district formation and election cost information.
At a later date, and prior to final approval of an Infrastructure Financing Plan for the Redondo Beach EIFD by the Public Financing Authority, the City Council will have an opportunity to review and approve the Plan, as an affected taxing entity of the Redondo Beach EIFD. City Council approval of the Infrastructure Financing Plan is required under the EIFD law for allocation of City property tax revenues to the Redondo Beach EIFD.