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RESOLUTION NO. 85-50 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA <br />ANA FINDING THAT THE ENTERPRISE ZONE APPLICATION AREA <br />IS A DEPRESSED AREA <br /> <br /> WHEREAS, the City of Santa Ana is eligible to <br />apply for authorization to designate an Enterprise Zone <br />area; and <br /> <br /> WHEREAS, census tract numbers 744.01 and 750.02 <br />within the City of Santa Ana are eligible to be included <br />within an Enterprise Zone, under the California Enterprise <br />Zone Act (Nolan, AB40); and <br /> <br /> WHEREAS, the application area demonstrates <br />symptoms of urban distress including high unemployment, <br />under investment, low income and overcrowding; and <br /> <br /> WHEREAS, the City is desirous of establishing the <br />application area as an Enterprise Zone to promote private <br />investment and development for job creation; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br /> 1. That the City Council of the City of Santa Ana <br />designates the area encompassed by census tract numbers <br />744.01 and 750.02, whose boundaries are outlined in <br />attachment A as the enterprise zone application area. <br /> <br /> 2. That the City Council of the City of Santa Ana <br />finds that the application area is a depressed area. <br /> <br /> 3. That the City Council of the City of Santa Ana <br />finds that designation of the application area is necessary <br />in order to assist in attracting private sector investment <br />to the application area. <br /> <br /> <br />