City Council
MEETING DATE: 3/11/2015
TITLE:
Title
Statewide Community Infrastructure Program ("SCIP")
End
FROM:
Tami E. Scott, Administrative Services Director
RECOMMENDATION:
Recommendation
Staff recommends that the City Council receive the presentation, discuss and provide direction.
Body
BACKGROUND:
Consistent with City Council established goal of identifying ways to establish assessment district(s) to provide necessary infrastructure in the North City and Extended North City planning areas, the Council is being asked to consider the potential adoption of a resolution to participate the Statewide Community Infrastructure Program ("SCIP"), which is a program of the California Statewide Communities Development Authority (the "Authority"). The Authority is a joint powers authority sponsored by the League of California Cities (the "League of Cities") and the California State Association of Counties ("CSAC"). Membership in the Authority is open to every California City, County and local agency, and most are already members. Currently, the member agencies of CSCDA include approximately 372 cities and 56 counties, including the City of Cathedral City (the "City").
SCIP financing is available for development projects ("Projects") situated within cities or counties which have elected to become SCIP participants (each, a "Local Agency"). Eligibility to become a Local Agency requires only (a) membership in the Authority, and (b) adoption of a resolution making the election (the "SCIP Resolution").
DISCUSSION:
Participation in SCIP entails the submission of an application (an "Application") by the property owner (the "Applicant") of a Project for which development entitlements either have been obtained or are being obtained from a Local Agency. For Projects determined to be qualified, SCIP provides non-recourse financing of either (a) eligible development impact fees payable to the Local Agency (the "Fees") or (b) eligib...
Click here for full text