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Temecula Valley Wine Country EIFD

Enhanced Infrastructure Financing Districts (EIFDs) were introduced by the California Legislature from 2014-2015, enabling a new model for financing infrastructure and economic development in California. Government Code Sections 53398.50 through 53398.88 (EIFD law) authorizes EIFDs to issue bonds to finance public capital facilities. The available revenue for bonding is the increment of property tax and vehicle license fees within the established boundary, starting from the Fiscal Year after the ordinance to form the EIFD is passed. An EIFD is not a new tax imposed on property owners

Project Overview

Riverside County has initiated the process of establishing an Enhanced Infrastructure Financing District (EIFD) for the Temecula Valley Wine Country.  The Purpose of the EIFD is to establish a funding mechanism that can finance the planning, design, and construction of infrastructure in the Temecula Valley Wine Country.

THE ESTABLISHMENT OF THE EIFD WILL NOT RESULT IN ANY NEW TAXES OR FEES TO THE PROPERTY OWNERS

Once established, the incremental property taxes collected by the County in the EIFD area above the amount collected in the base year (expected to be 2022) would be specifically used to fund the infrastructure projects listed in the Infrastructure Financing Plan (IFP). 

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Temecula Valley EIFD Public Financing Authority

Public Meetings

The County of Riverside Board of Supervisors has established a separate body, the Temecula Valley Wine Country EIFD Public Financing Authority (PFA), to oversee the creation of the EIFD and to consider the IFP based upon public comment. Any member of the may public may attend the PFA meetings to provide comments.  Meeting locations and times will be posted on this website.  Additionally, you may submit comments below by clicking on the following button or you can mail them directly to the Temecula Valley Wine Country  Enhanced Financing District, Public Financing Authority, Attn: Mike Franklin at 3403 10th Street, Ste. 400, Riverside, CA 92501.

All meetings take place at the County Administrative Center located at 4080 Lemon Street, Riverside, CA 92501. They will be held immediately after the board meeting.

Meeting Dates

Click here for a copy of the Temecula Valley EIFD presentation given on July 12th

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EIFD DISCLOSURES & INFORMATION

BOUNDARY MAP

Click here to review the full Public Notice

Click here to view a complete boundary map of the Temecula Valley EIFD

Click here to review Resolution 2021-056 -Intention to Establish the Temecula Valley EIFD

 

FREQUENTLY ASKED QUESTIONS

Click here to review the FAQ page

Click here to review Resolution 2021-057 - Establishing of the Temecula Valley EIFD - Public Financing Authority

 

Click here to review the Infrastructure Financing Plan

 

Click here to review the Supplemental Resolution 2021-153 - Intention to Establish the Temecula Valley Wine Country EIFD