Presentation to City of Brea February 2, 2015 Mark Pisano

Goal orientated approach that creates wealth and funding through policies on land use that capture value Investments where individuals, property owners, businesses are willing to pay for the benefits and nexus is demonstrated More efficiently puts organizations in the community together to create multiple and diverse funding streams Principles behind the design of the Enhanced Infrastructure Financing District

Maximum flexibility in all design features of the legislation: Creation of districts – any size Creation of Public Finance Authorities Taxing Entity Design of Business Plans Design of Investment Program not stovepipe or program driven Principles behind the design of the Enhanced Infrastructure Financing District

Authorizes the creation of a Public Finance Authority (PFA) with comprehensive authority to address all local and regional needs All infrastructure except school facilities All economic development (including industrial, commercial, housing) that has a community benefit Environmental clean up New Model for local and regional infrastructure investment in CA

Creates a way to put multiple organizations together that are needed to address goals and problems to be solved City or County initiates, but all taxing entities are eligible to be on the Board including special districts Partnerships with private and non-profits can developed with streamlined procurement procedures New Model for local and regional infrastructure investment in CA

LOCAL FUNDING SOURCES - everything you can think of except tax increases can be included in a business plan: 1.Public/Private Partnerships 2.User Fees 3.Assessments on property 4.Developer Agreements 5.Property Tax increment 6.VLF Tax backfill 7.Cap and Trade Allocations 8.Any Federal/State/Local Grant or Tax Credit 9.Loans from Public Agencies

8 What Types of Projects Could an EIFD Fund? Affordable Housing Public Light Rail Inf. Public BRT Inf. Sustainable Communities Wastewater Treatment Stormwater Recharge Parks & Open Space Industrial Structures Childcare Facilities

WHAT YOU NEED TO DO TO GET STARTED City or County that has responsibility for local land use must create district - no vote requirement. Need investment plan and/or updated specific plan that addresses goal or problem - planning determines value and consensus. Only vote required is a 55% vote when public general obligation debt is issued. Form a Public Finance Authority including all taxing entities.

Let’s Get Started! Any Questions?