Board of Supervisors Tues Mtg 08-18-26 · Resolution Supporting Opportunity Zones 2.0 Local Authority

The County of Lake Board of Supervisors held a meeting on August 18, 2026, to consider a resolution supporting the Opportunity Zones 2.0 local authority recommendation forms submitted to the California Governor's Office of Business and Economic Development (Go-Biz). The discussion focused on prioritizing census tracts within Lake County for inclusion in the state's Opportunity Zones program, which provides federal capital gains tax incentives to encourage investment in economically disadvantaged areas. County staff, city managers, and board members debated the number and selection of census tracts to recommend, with a consensus to prioritize four tracts, including areas in Lakeport, Clearlake, and Lucerne. The board considered an amendment to the resolution to update specific census tract numbers based on local economic development interests. The resolution, as amended, was offered for approval, reflecting the county's negotiation posture to maximize economic benefits through the Opportunity Zones program.