City of Carson CA. Carson Enhanced Infrastructure Financing District (Monday 6/15/26 11AM)

The City of Carson Public Finance Authority held a meeting on June 15, 2026, to discuss the annual report and budget for the Carson Enhanced Infrastructure Financing District (EIFD) for fiscal year 2025-2026 and the upcoming 2026-2027 fiscal year. The meeting included a presentation on the EIFD's revenues and expenditures, noting that current year revenues reached approximately $830,000, about 60% of original projections, with funds allocated to affordable housing, Victoria Golf Course-related projects, and other infrastructure activities. The board approved Resolution 26-001 adopting the annual report and Resolution 26-002 adopting the budget for the next fiscal year, which anticipates $970,000 in revenue and includes planned expenditures such as $500,000 for pre-development on the Victoria Golf Course site and $388,000 for city projects like the commercial facade improvement program. Discussions also covered the status of a reimbursement agreement with the county, potential affordable housing projects, and eligibility criteria for the facade improvement program. The board elected a new secretary and considered adjusting the timing of future annual meetings to better align with fiscal year reporting requirements.