City Council

8. APPROVAL OF A RESOLUTION OF INTENTION TO FORM AN ENHANCED INFRASTRUCTURE\nFINANCING DISTRICT (EIFD); ESTABLISH THE DOWNEY EIFD PUBLIC FINANCING AUTHORITY; AND\nAPPOINTMENT OF MEMBERS TO THE EIFD PUBLIC FINANCING AUTHORITY\nThat the City Council:\n1) Adopt Resolution 25-8328, declaring its intention to establish the Downey Enhanced Infrastructure Financing\nDistrict (EIFD) and establishing the Downey EIFD Public Financing Authority (PFA); and,\n2) Appoint two members of the City Council to the Public Financing Authority Board, and appoint one member of\nthe City Council as an alternate Board member.