AGENDA TITLE:
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Receive Presentation Concerning Economic Development and Financing Options to Fund Development in the City’s Future Growth Areas (ED & CA)
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MEETING DATE:
June 17, 2025
PREPARED BY:
Luis Aguilar, Economic Development Director and Katie Lucchesi, City Attorney
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RECOMMENDED ACTION:
Receive presentation concerning economic development and financing options to fund development of utilities and infrastructure within the City’s future growth areas.
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BACKGROUND INFORMATION:
This presentation is the third, and final presentation related to the future growth areas within Lodi’s Sphere of Influence (SOI). The final workshop will focus on funding tools to ensure that new development pays for itself. Economic Development Director Luis Aguilar will provide an overview of how future growth plays a crucial role in the Ccity’s long-term economic development strategy.
The City Attorney’s Office has also invited outside counsel Michael Colantuono, a partner with Colantuono, Highsmith, Whatley P.C., to present to the City Council. Mr. Colantuono is a statewide expert in local government revenue and infrastructure funding mechanisms. His presentation will cover municipal revenue sources and describe development -funding options such as Community Facilities Districts (CFDs), impact fees, and improvement agreements.
STRATEGIC VISION:
2A. Economic Development: Develop long-term economic development strategy.
FISCAL IMPACT:
Not applicable.
FUNDING AVAILABLE:
Not applicable.