City of Kingman considers option to fund interchange project
The City of Kingman and a financial consultant are working to add a new option that could someday be used to help finance the Rancho Santa Fe interchange project. Mark Reader addressed city council members for 50 minutes Tuesday, explaining that Community Facilities Districts (CFD’s) can be formed to issue bonds to fund public infrastructure projects. Reader has developed policies and guidelines that the Council may adopt, that would provide the opportunity for developers and residents to form districts to fund projects in the future. With voters rolling back a sales tax last fall and skepticism they’d approve a property…