637 First Street,

City of Santa Rosa

Santa Rosa, CA 95404

Public Financing Authority

Special Meeting Minutes - Final

Thursday, May 15, 2025

1:00 PM

1. CALL TO ORDER AND ROLL CALL

Chair Fleming called the meeting to order at 1:00 p.m.

7 -

Present

Chair Victoria Fleming, Vice Chair Hugh Futrell, Board Member

Caroline Bañuelos, Board Member Chris Coursey, Board Member

Carmen Gonzalez, Board Member Caroline Judy, and Board Member

David Rabbitt

2. NEW BUSINESS

2.1

PUBLIC HEARING - MODIFICATIONS TO THE DRAFT

INFRASTRUCTURE FINANCING PLAN OF THE CITY OF SANTA

ROSA ENHANCED INFRASTRUCTURE FINANCING DISTRICT

(DOWNTOWN BUSINESS CORRIDOR) (THIS ITEM IS CONTINUED

FROM THE MAY 8, 2025, SPECIAL MEETING)

BACKGROUND: On April 25, 2023, the Santa Rosa City Council

passed two resolutions to begin forming an Enhanced Infrastructure

Financing District (EIFD) in the downtown business corridor to help fund

public capital projects of communitywide benefit. RES-2023-076

initiated the formation process, while RES-2023-077 created the Public

Financing Authority (PFA) as the EIFD's governing body. The PFA is

responsible for developing an Infrastructure Financing Plan (IFP),

outlining tax revenue allocation and potential bond issuance. On

October 19, 2023, the PFA formally directed staff to prepare the IFP and

confirmed all prior related actions. The draft IFP, presented on April 2,

2025, proposes financing projects such as a performing arts or

conference center, streetscaping and placemaking to enhance

connectivity between Downtown and Railroad Square, and affordable

housing at designated income levels.

RECOMMENDATION: It is recommended by the Planning and

Economic Development Department that the Downtown Business

Corridor Enhanced Infrastructure Financing District (EIFD) Public

Financing Authority (PFA) by resolution, modify the draft Infrastructure

Financing Plan for the City of Santa Rosa Enhanced Infrastructure

Financing District (Downtown Business Corridor) (District).

Chair Fleming opened public comment for the continued, open

public hearing at 1:00 p.m.

Cadance Hinkle commented on behalf of the DAO in support of the

EIFD, requesting the PFA use 50% of the funding for Placemaking,

ensure the catalyst project is within easy pedestrian access to the

EIFD boundary, and ensure flexibility with affordable housing and

the catalyst project.

Staff Daryel Dunston added to the record that he and Vice Chair

Futrell both serve on the DAO board and both abstain.

Staff and board members engaged in discussion, and staff

responded to board member inquiries.

Chair closed the public hearing at 1:13 p.m.

Staff presented options to modify the IFP to the board.

A motion was made by Board Member Judy, seconded by Board Member

Futrell, to make edits to the Infrastructure Financing Plan.

7 -

Yes:

Chair Fleming, Vice Chair Futrell, Board Member Bañuelos, Board

Member Coursey, Board Member Gonzalez, Board Member Judy

and Board Member Rabbitt

Director Osburn presented. Staff and Board members discussed

proposed edits to the IFP.

Chair Fleming recessed the meeting at 3:20 p.m. and reconvened at

4:09 p.m. All Board Members were present upon reconvening.

Director Osburn reviewed all edits made to the IFP with Board

Members.

A motion was made by Board Member Rabbitt, seconded by Board Member

Gonzalez, to waive the reading of the text and adopt as amended:

RESOLUTION NO. PFA-RES-2025-002 ENTITLED: RESOLUTION OF THE

DOWNTOWN BUSINESS CORRIDOR EIFD PUBLIC FINANCING

AUTHORITY MODIFYING THE DRAFT INFRASTRUCTURE FINANCING

PLAN OF THE CITY OF SANTA ROSA ENHANCED INFRASTRUCTURE

FINANCING DISTRICT (DOWNTOWN COMMERCIAL CORRIDORS)