Urban Futures, Inc. (UFI) has been a financial partner in the City of Lake Elsinore for some time. Working with the City to finance much of the growing community’s infrastructure, UFI knows the community and understands the financial needs of the City.
In April, the City Council approved the financing package for the La Laguna Resort expanded recreation facilities. This financing package put together by UFI allows the City to fulfill plans to turn the site into a Class A RV resort destination, which fulfills the City Council objective of making Lake Elsinore the “action sports capital of the world”.
UFI has also completed a Feasibility Study on the formation of an Enhanced Infrastructure Financing District (EIFD). When approved, this District will provide the City with funds to construct or rehabilitate infrastructure aimed at sustaining the Lake and enhancing public access and utilization. EIFD’s fund improvements with tax increment from taxing agencies, including cities, counties, and special districts (but not schools). Through the UFI study, the City now has a clear picture of the opportunities available with an EIFD, and the information needed to create the District.
Over the years UFI has enjoyed working with Lake Elsinore and watching the community grow as a result of the financing packages assembled by the team.
Urban Futures, Inc. has been providing services to local governmental agencies for over 43 years. Operating as five divisions – UFI Public Management Group, UFI Public Finance Group, UFI Sustainable Communities Development Group, UFI Analytics & Compliance Group, and Isom Advisors – UFI offers clients a growing portfolio of services and industry expertise that might otherwise be out of reach. Over 300 public agencies have benefited from partnering with UFI. UFI is based in Orange, CA with a Northern California office in Walnut Creek. Visit their website at www.urbanfuturesinc.com or call (714) 283-9334.