DATE:
May 24, 2023
08
TO:
Board of Directors, San Diego County Flood Control District
Board of Supervisors
SUBJECT
NOTICED PUBLIC HEARING:
Title
ADOPT RESOLUTIONS AMENDING THE 2019 STATEWIDE COMMUNITY INFRASTRUCTURE PROGRAM (SCIP) RESOLUTION AND ASSOCIATED CEQA EXEMPTION (DISTRICTS: ALL)
Body
OVERVIEW
The Statewide Community Infrastructure Program (SCIP) allows local jurisdictions to be able to offer financing options to private, including some relatively small and local, developers to help fund components of their projects. This can help to facilitate development, especially housing development, by providing more flexible funding options so developers can navigate economic uncertainty or project financing challenges. It can also improve the quality of developments by funding amenities like sidewalks, parks, or libraries. Today's proposed actions will expand the County's current participation in the SCIP program to create additional forms of financing to help bring development, especially housing, online.
On September 25, 2019, the County adopted Resolution 19-158, or the 2019 Statewide Community Infrastructure Program (SCIP) Resolution, which allowed the County to participate in a program called SCIP. The SCIP groups together the sale of bonds from different jurisdictions into one bond issuance. The resolution gives a Joint Powers Authority, or JPA (of which the County of San Diego is a member) the authority to form districts in order to finance fees and infrastructure. Under the existing 2019 SCIP Resolution, the finance assistance bond offered through SCIP is available for the establishment of Assessment Districts (ADs). ADs typically include public infrastructure such as streets, sidewalks, lighting infrastructure, and water and sewer lines-and are limited to only County facilities like parks and libraries. In 2020, the JPA, called the California Statewide Communities Development Authority (or CSCDA), extended SCIP financing options for establ...
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