City Manager's Office (City of Monterey)
AI Summary
The City of Monterey seeks advisory services from qualified municipal finance firms to evaluate and potentially form an Enhanced Infrastructure Financing District (EIFD) or similar Tax Increment Financing district. The engagement focuses on feasibility analysis, structuring, and formation support for a special-purpose financing mechanism to fund public infrastructure and economic development.
Deep Document Summary
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Reference: n/a Department: City Manager's Office Agency: City of Monterey Portal: City of Monterey on OpenGov Procurement Closes: 2026-07-28T00:00:00.000Z Released: 2026-07-16T07:00:00.000Z Detail:
https://procurement.opengov.com/portal/cityofmonterey/projects/284330The City of Monterey (“City”) is requesting proposals from qualified firms with professional experience in municipal public finance and financing district advisory services to assist the City in evaluating, and potentially forming, a special purpose Tax Increment Financing (“TIF”) district, such as an Enhanced Infrastructure Financing District (“EIFD”), to help fund critical public infrastructure while facilitating economic development.