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OPENPUBLICA · PUBLIC MEETING RECORD

Record of Proceedings

Innovation Park Public Financing Authority Meeting – October 13, 2026

Other — Tuesday, October 13, 2026

BodySacramento, California

SessionOther

DateTuesday, October 13, 2026

StatusFILED

Video Record

0:00 / 26:52

Transcript — VerbatimClick a timed line to jump · ⧉ to share it

Speaker numbers apply only to this recording. Names come from transcript evidence. “Possibly” marks uncertain attribution.

Speaker 1

0:26

Thank you.

0:26

Welcome to the Tuesday, October 13th, 2026, 9 30 a.m.

0:31

Innovation Park Public Financing Authority meeting.

0:34

If you wish to speak or submit comments, fill out the online form.

0:37

You can access the form using the QR co late QR code located at the back of the room.

0:43

There's also hand aids in the front, and members of the clerk's office are available in the lobby to assist you.

0:48

This meeting is being live streamed in English and Spanish on YouTube.

0:52

Please note the captions and translations are AI generated and may contain errors.

Unassigned speaker

0:57

And

Speaker 1

0:57

I'm going to turn it over to our temporary presiding officer, Councilmember Kaplan.

Speaker 2

1:02

Thank you.

1:03

Let's start with calling roll so that we can establish an actual quorum and then Vice Mayor, if you would be so kind to lead us in the land acknowledgement and the pledge.

Speaker 1

1:14

Thank you.

1:15

Member Dickinson.

1:17

Member Talamantes.

1:18

Here.

1:19

Member Fargo.

1:20

Member Lazano.

1:21

And Member Kaplan.

1:22

Here.

1:23

You have a quorum.

Speaker 3

1:24

Please rise for the opening acknowledgments in honor of Sacramento's Indigenous People and Tribal Lands.

1:30

To the original people of this land, the Nissanon people, the Southern Maidu, Valley and Plains Miwok, Patwin Winton peoples, and the people of the Built and Rancheria, Sacramento's only fairly recognized tribe.

1:40

May we acknowledge and honor the native people who came before us and still walk beside us today on these ancestral lands by choosing to gather together today in the act of practice of acknowledgement and appreciation for Sacramento's Indigenous People's History, contributions, and lives.

1:55

Thank you.

1:56

Salute pledge.

2:02

And to the Republic for which one nation under liberty and justice for

Unassigned speaker

2:10

all.

Unassigned speaker

2:12

I'm gonna do it four times.

Speaker 2

2:14

Good morning, everyone.

2:24

Hi, since this is our first organizing meeting.

Speaker 4

2:28

Okay.

2:29

Well, thank you all for joining us today.

2:31

Uh my name is Heather Fargo.

2:33

Uh I am one of the public members of this uh body, and I am also a former council member and former mayor of Sacramento, so kind of used to being up here.

2:44

Nice to see you all.

2:45

And resident

Speaker 3

2:46

of South Nathomas.

Speaker 4

2:47

That's true, and a resident, longtime resident of South Natomas.

2:51

Thank you for

Unassigned speaker

2:52

that.

Unassigned speaker

2:54

All

Elisa Lozano · Speaker 5Inferred

2:54

right, I'm Elisa Lozano.

2:56

Um I have lived in Atomas at North Notomas pretty much my entire life for over 48 years.

3:02

Um I am also uh a public member of this committee and just honored to be here.

3:09

So thank you.

Speaker 2

3:10

Thank you so much.

3:11

And I am joined by my colleagues.

3:14

Vice Mayor.

3:16

And

Speaker 6

3:16

Messelist Lozano is also president of the Natomas Chamber of Commerce for many years and has family in both South Atomas and North Atomas, and just all Natomas roots.

3:25

So excited to have you here.

3:27

Um and I represent both North Atomas and South Atomas, so you throw a rock over Arena, and that's me on the South Side.

3:36

And then you throw a rock to the other side to the east side, and that's me too.

3:40

So I'm really excited to be on this Natomas EIFD commission to be able to set forth the journey and fulfill the Natomas promise.

Roger Dickinson · Speaker 7Inferred

3:52

Good morning.

3:53

I'm Councilmember Roger Dickinson.

3:55

I just happened by and saw that you needed a quorum, so I thought I'd

Unassigned speaker

4:00

stop

Roger Dickinson · Speaker 7Inferred

4:01

in there.

Discussion Breakdown — Share of Meeting

Infrastructure Financing████████████████████████████████████████████44%

Community Engagement███████████████████19%

Procedural███████████████15%

Legal██████████10%

Workforce Development████████8%

Public Private Partnerships████4%

Summary of Proceedings

Innovation Park Public Financing Authority Meeting – October 13, 2026

The Innovation Park Public Financing Authority (PFA) held its first organizational meeting on October 13, 2026, at 9:30 AM at Sacramento City Hall. The meeting focused on establishing the governing board, approving the initial resolution to form an Enhanced Infrastructure Financing District (EIFD) for the Innovation Park project, selecting officers, and receiving an overview of the board's responsibilities. The board consists of three city council members and two public members, organized as a separate legal entity from the City of Sacramento.

Consent Calendar

Agenda Item 2, which introduced the Brown Act, City Council Rules of Procedure, and the Public Records Act, was approved unanimously on consent after a motion by Councilmember Karina Talamantes, seconded by Councilmember Roger Dickinson. Agenda Item 1 was pulled from the consent calendar for separate discussion.

Public Comments & Testimony

Cindy Brown (People Working Together / Natomas Resident since 1999): Expressed strong support for the Innovation Park project. She highlighted her organization's focus on workforce readiness for ex-offenders, youth, and underserved populations and expressed a desire for her organization to be involved in the workforce development leadership of the project.
Xavier Thompson was listed as a speaker for public comment on non-agenda items but did not appear when called.

Discussion Items

Items 1 & 3: Resolution for EIFD Formation and Selection of Officers: Vice Mayor Lisa Kaplan pulled the resolution (Item 1) to address scheduling conflicts and to handle the election of officers for the PFA (Agenda Item 3).
- Schedule Changes: Staff (Leslie Fritzsche, Economic Investment Manager) proposed adjusting the initial schedule, moving the first PFA public hearing from October 27 to December 15, 2026, noting the project team was still awaiting critical financial data from California North State University (CNU). Legal counsel advised striking specific date references from the resolution text to provide schedule flexibility.
- Officer Elections: The board elected Vice Mayor Lisa Kaplan as Chair. Public Member Heather Fargo (former Mayor of Sacramento) successfully nominated Councilmember Karina Talamantes as Vice Chair, substituting her for Councilmember Roger Dickinson. The motion passed unanimously.
- Note: The agenda listed the selection of Chair and Vice Chair as a separate agenda item, but the board resolved the election within the action on the main resolution (Item 1).
Item 4: EIFD Roles and Responsibilities Overview (Oral Report): Staff and legal counsel David Fama (Jones Hall) provided an overview of the EIFD structure and PFA duties. The EIFD is a special district that captures incremental property taxes for community-wide capital improvements. The PFA acts as an independent governing board with public hearings and a potential protest period. Public Member Alyssa Lozano (also President of the Natomas Chamber of Commerce) clarified that the proposed EIFD boundaries include only two landowners (Argent Management and CNU). She further emphasized that the city is dependent on CNU to provide financial data and that any current delays in the project timeline should not be attributed to city staff.

Key Outcomes

Resolution Adopted: The board unanimously adopted the resolution directing the preparation of the Infrastructure Financing Plan (IFP) for the Innovation Park Project, adopting a conflict of interest code, and adopting CEQA guidelines. Specific meeting dates were removed from the resolution text to allow for a flexible schedule.
Officers Elected: Vice Mayor Lisa Kaplan was elected Chair, and Councilmember Karina Talamantes was elected Vice Chair of the PFA for calendar years 2026-2027.
Proposed Timeline: Staff proposed a revised schedule with the first PFA public hearing set for December 15, 2026, and a target City Council approval of the IFP on February 9, 2027.
No Action on Item 4: The roles and responsibilities overview was received and filed as information.

SUMMARIZED BY OPENPUBLICA AI

TRANSCRIPT VIA PUBLIC VIDEO
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