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  • City of Placentia/County of Orange form EIFD

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    August 20, 2019
    The City of Placentia/County of Orange TOD Packing House & Old Town Enhanced Infrastructure Financing District (“District” or “EIFD”) was formed on July 30, 2019 as the first City/County cooperative EIFD to be formed in California.
     
    The EIFD area also encompasses two (2) Opportunity Zone (OZ) census tracts, which enables the City/County to use the EIFD as a collateral inducement for private sector investment driven by the federal tax benefits that OZ’s can provide.  Read More
     
     
     
    Pictured (left to right): Placentia Asst. City Administrator Jeannette Ortega, PFA Boardmember & Chamber President Joe Rasic, PFA Boardmember & Merchants Assoc. President Rosalina Davis, PFA Board Chair & Placentia City Councilmember Chad Wanke, PFA Vice Chair & Orange County Board Supv. Doug Chaffee, PFA Boardmember & Placentia Mayor Pro Tem Ward Smith, Placentia City Administrator Damien Arrula, SCAG Executive Director Kome Ajise, Kosmont Senior VP Joseph Dieguez, Kosmont Senior VP Brian Moncrief, SCAG Regional Planner Specialist Kimberly Clark, Placentia Public Works Director Luis Estevez, and Orange County Public Finance Director Suzanne Luster