La Verne

City Council

September 18, 2023 Order of Business #5

Agenda Item 5

5. PUBLIC FINANCING AUTHORITY FOR THE ENHANCED INFRASTRUCTURE\nFINANCING DISTRICT (EIFD) VACANCY - A vacancy has occurred on the Public Financing\nAuthority Board for the Enhanced Infrastructure Financing District. The primary purpose of the\nAuthority is to accelerate the financing of public improvements needed to attract the\ndevelopment that is envisioned within the City's Old Town La Verne Specific Plan and to\ncompliment the extension of the Metro light rail, âAâ Line, formerly known as the Gold Line.\nRECOMMENDATION: That the City Council receive and file this notification.