NORTH SHORE – Riverside County has plans for the north end of the Salton Sea —and how they will be financed. Community members can learn all about the plans at a public meeting in North Shore on Tuesday.

The public financing authority for the Salton Sea Enhanced Infrastructure Financing District, a newly created financing structure to support Riverside County’s North Lake Plan, will meet for the first time at 11 a.m. Oct. 15.

The public is welcome to attend the meeting, which will be at the North Shore Beach & Yacht Club Community Center in North Shore, 99-155 Sea View Dr.

Salton Sea

Supervisor V. Manuel Perez

“I’m glad we’re having this meeting in North Shore, which is where our efforts are centered on in providing a safe and stable Salton Sea, protecting public health and the environment, and creating economic, tourism and recreation opportunities,” Supervisor V. Manuel Perez said in a news release. “I am excited to hear the presentations and reveal the project plans we have been working on for the northern shore of the Salton Sea.”

In 2018, Supervisor Perez introduced a concept, the North Lake Plan, for the north side of the Salton Sea located in Riverside County. The plan would consist of infrastructure to protect the northern shore of the Salton Sea such as an in-sea barrier around the contours of the northern shoreline that will create a deep lake. The plan was adopted into the state’s Salton Sea Management Plan (10-Year SSMP) last year.

The county could move the North Lake plan forward through a mechanism known as an Enhanced Infrastructure Financing District (EIFD). The EIFD operates similar to a redevelopment agency, using the increment in the increased value in property, sales and hotel tax to repay bonds used to pay for construction of projects.

In October 2018, the Riverside County Board of Supervisors established the Salton Sea EIFD, the largest EIFD in California. The Salton Sea Enhanced Infrastructure Financing District Public Financing Authority will provide public oversight of the EIFD, governing its activities such as the issuance of bonds to fund projects.

The authority is comprised of three members of the Riverside County Board of Supervisors and two public members. Joining Supervisor Perez on the five-member authority are his fellow Supervisors Chuck Washington and Jeff Hewitt, and public members Kari Middleton Hendrix and Pedro Rincon.

At the meeting, county staff will present the North Lake Plan and next steps for the public financing authority.

 

 

 

 

Image Sources

  • V. Manuel Perez: Supervisor V. Manuel Perez
  • Salton Sea: Image by StockSnap from Pixabay