In June 2007 Resolution No. 07-21 was approved consenting to the creation of Imperial Redevelopment District; the district has the powers provided for in Chapters 49 and 54 of the Water Code.
Duties & Responsibilities
Board members govern the district and have the authority to act on issues of:
- Implementing or contracting with other entities to implement a Tax Increment Financing District Project Plan.
- Developer requests for infrastructure reimbursement pursuant to the statutes and agreements.
- Issuing bonds to finance eligible project costs.
- Establishing District ad valorem tax rates.