City Council

E.1.\nRESOLUTION TO START THE PROCESS OF ESTABLISHING AN\nENHANCED INFRASTRUCTURE FINANCING DISTRICT (EIFD) TO\nPARTIALLY FUND THE LOS ANGELES COUNTY METROPOLITAN\nTRANSPORTATION AUTHORITY (METRO) K LINE NORTHERN\nEXTENSION PROJECT [H. COLLINS, T. FUHRER, D. FENN]:\nSUBJECT: The City Council will consider adopting a resolution initiating\nthe formal administrative process of establishing an Enhanced\nInfrastructure Finance District (EIFD) in order to dedicate a portion of\nfuture revenue growth to the construction of the Metro K Line Northern\nExtension.\nRECOMMENDATION:\nAdopt\nResolution\nNo.\n26-_______:\n“A\nRESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST\nHOLLYWOOD DIRECTING STAFF TO START THE PROCESS OF\nESTABLISHING AN ENHANCED INFRASTRUCTURE FINANCING\nDISTRICT (EIFD) TO PARTIALLY FUND THE LOS ANGELES COUNTY\nMETROPOLITAN TRANSPORTATION AUTHORITY (METRO) K LINE\nNORTHERN EXTENSION PROJECT AND RELATED IMPROVEMENTS.”