Title:
Title
Approving the Infrastructure Financing Plan for the Proposed City of Sacramento Aggie Square Enhanced Infrastructure Financing District (EIFD), including the Division of Taxes Set Forth Therein, and Authorizing a Judicial Validation Action [TO BE DELIVERED]
End
FileID
File ID: 2021-00255
Location
Location: Districts 5 and 6
End
Recommendation:
Recommendation
Adopt a Resolution approving the proposed City of Sacramento Aggie Square Enhanced Infrastructure Financing District (EIFD) Infrastructure Financing Plan and taking related actions.
FileName
Contact: Eric Frederick, Senior Development Project Manager, (916) 808-5129; Sheri Smith, Special Districts Manager, (916) 808-7204, Department of Finance; Leslie Fritzsche, Economic Investment Manager, (916) 808-5450, Office of Innovation and Economic Development
Body
Presenter: Eric Frederick, Senior Development Project Manager, (916) 808-5129; Leslie Fritzsche, Economic Investment Manager, (916) 808-5450, Office of Innovation and Economic Development
Attachments:
1-Description/Analysis
2-Schedule of Proceedings
3-Resolution Approving Infrastructure Financing Plan
4-Exhibit A (Aggie Square EIFD Infrastructure Financing Plan)
Description/Analysis
Issue Detail: The Aggie Square Project (Project) is a multi-phase development project envisioned to advance the City's efforts to become a health and food sciences leader and innovation hub. The proposed Project is a mixed-use innovation and research center located on the University of California Davis (UC Davis) Sacramento Campus (home of the UC Davis Medical Center) along the Stockton Boulevard corridor.
The Project is anticipated to develop in multiple phases. Phase 1 is planned to contain both UC Davis and private sector uses, including science, technology and data research; continuing and professional education; co-working and convening spaces; and mixed-use residential, food education, catering, and community-serving retail, collectivel...
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