La Verne

City of

La Verne Enhanced Infrastructure Financing District (EIFD)

The City of La Verne has established an Enhanced Infrastructure Financing District (EIFD) near the City’s future Gold Line light rail station at E Street and Arrow Highway with a sub-area near Wheeler Avenue and Arrow Highway.  The purpose of this district is to establish a funding mechanism that can facilitate the construction of infrastructure improvements in these areas.  The establishment of the EIFD will not result in any new taxes or fees to the property owners.

The property tax increment (the amount above the property taxes collected in the base year (2017/2018)) that the City receives would be specifically restricted to pay for the 14 identified infrastructure projects listed in the Infrastructure Financing Plan (IFP) at an estimated cost of $33 million.  These infrastructure improvements include utility upgrades, undergrounding of overhead utilities, street improvements, pedestrian connectivity, and aesthetic improvements including landscaping and lighting upgrades.

Bonds would be issued that would pay for these projects once new development occurs in the District.  The idea is by having the improvements in place sooner it will spur development to occur faster, which in turn will help to pay for more of the identified projects.

The City Council has established a separate body, the Public Financing Authority (PFA), to oversee the creation of the EIFD and who was responsible for the adoption of the final IFP.  The PFA will be responsible for the issuance of the bonds in the future as well.

UPDATE: The City has officially requested that Los Angeles County participate in La Verne's EIFD. The application was submitted on September 18, 2018 and can be found below. The presentation that was provided to the County is also found below.

Related documents to La Verne’s Enhanced Infrastructure Financing District are provided below.

Should you have questions about the EIFD, you may contact Community Development Director Eric Scherer at 909-596-8706 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

Documents:

Updated documents (09/18/18):

City Hall Information

AnnouncementsAddress & HoursPhone Numbers
City Manager Newsletter
General Plan Update
2018 La Verne Water Quality Report
2019 Summer/Fall Recreation Guide
City Hall
3660 D Street
La Verne, CA 91750
Monday-Thursday -- 8AM to 6PM
Fridays & Weekends -- Closed
1st & 3rd Mondays -- 8AM - 6:30PM
Administration 596-8726
Community Development 596-8706
Building 596-8713
Public Works 596-8741
Water Billing 596-8744
Community Services 596-8700
Community Center 596-8776
Finance 596-8716
Police 596-1913
Fire 596-5991
After Hours Emergency
    Water Service
282-7184
 
All phone numbers are in 909 area code

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