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<br />CITY COUNCIL MEETING DATE: <br /> <br />~ <br />~ <br /> <br />/~ <br /> <br />OREQUEST FOR <br />COUNCIL ACTION <br /> <br />CLERK OF COUNCIL USE ONLY: <br /> <br />AUGUST 1, 2005 <br /> <br />TITLE: <br /> <br />APPROVED <br /> <br />AMENDMENTS TO EMPOWERMENT <br />ZONE GRANT AGREEMENT <br /> <br />D As Recommended <br />o As Amended <br />o Ordinance on 15t Reading <br />o Ordinance on 2nd Reading <br />o Implementing Resolution <br />o Set Public Hearing For <br /> <br />CONTINUED TO <br /> <br />~ fc~ ~~ N.~ <br />CITY MANAGER <br /> <br />FILE NUMBER <br /> <br />RECOMMENDED ACTION <br /> <br />Direct the City Attorney to prepare and authorize <br />Clerk of the Council to execute amendments to <br />Memorandum of Agreement (MOA) between the City, <br />Department of Housing and Urban Development (HUD). <br /> <br />the Ci ty Manager and <br />the Empowerment Zone <br />State and the U.S. <br /> <br />DISCUSSION <br /> <br />At its April 19, 1999 meeting, the City Council authorized the execution <br />of an MOA with HUD and the State of California establishing Santa Ana as <br />an Urban Empowerment Zone. The Santa Ana Empowerment Zone has been <br />allocated $661,333 for year seven funding from HUD. <br /> <br />In order to accept the additional Empowerment Zone funds, it is necessary <br />to amend the MOA. In accordance with the Operating Agreement executed <br />between the City of Santa Ana and the Santa Ana Empowerment Corporation <br />(SAEC), the Empowerment Zone Board of Directors is responsible for <br />appropriating funds to the operating budget and to eligible programs that <br />are consistent with the Zone's strategic plan. <br /> <br />with this allocation, the Santa Ana Empowerment Zone has received a total <br />of $25,614,633 in federal funding. In May 2002, the SAEC Board approved a <br />new economic development-driven Business plan that is currently being <br />implemented. The new seventh year funds will be added to the unallocated <br />balance utilized for projects/programs consistent with the Business Plan. <br /> <br />258-1 <br />