Reasons for Exemption
An Enhanced Infrastructure Financing District is solely a funding mechanism for statutorily authorized infrastructure projects that are identifying in an Infrastructure Financing Plan, which must be adopted by the Covina EIFD Public Financing Authority. The Covina EIFD Public Financing Authority was established in order to form the Covina Enhanced Infrastructure Financing District. The Infrastructure Financing Plan identifies future infrastructure projects and how they would be funded in the future. Each infrastructure project identified in the Infrastructure Financing Plan would require its own environmental review as outlined by the CEQA Guidelines. The creation of government funding mechanisms or other government fiscal activities, which do not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment, is not a project subject to CEQA. The Covina EIFD Public Financing Authority has no land use authority to approve the proposed projects in the Infrastructure Financing Plan, nor does it have the authority to award contracts for their construction. The Public Financing Authority’s establishment of the EIFD and the adoption of the Infrastructure Financing Plan do not commit the participating taxing entities (currently, the City of Covina) to carry out the projects proposed for financing and do not result in any physical impact on the environment. Furthermore, the projects identified in the Infrastructure Financing Plan are conceptual in nature and have not been designed to a level of detail that would permit environmental review under CEQA. Therefore, this proposal is exempt pursuant to CEQA Guidelines §15378(b)(4). Additionally, as this is only a funding mechanism and not an approval of an infrastructure project. There will be no significant effects on the environment Guidelines §15061(b)(3).