55A - RESO ENTERPRISE ZONE - Laserfiche WebLink

Home Browse Search

REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: NOVEMBER 5, 2007 TITLE: RESOLUTION APPROVING AND AUTHORIZING THE SUBMITTAL OF THE CITY OF SANTA ANA'S ENTERPRISE ZONE APPLICATION CITY MANAGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ^ As Recommended ^ As Amended ^ Ordinance on 15' Reading ^ Ordinance on 2"d Reading ^ Implementing Resolution ^ Set Public Hearing For_ CONTINUED TO FILE NUMBER 1. Adopt a resolution supporting and authorizing the application for an Enterprise Zone. 2. Authorize the Executive Director of the Community Development Agency to prepare and submit an application to the State of California, Housing & Community Development Department for Enterprise Zone designation. DISCUSSION Santa Ana is engaged in the task of completing an Application for Designation as an Enterprise Zone that is due to be filed with the California Housing and Community Development (HCD) Department by November 16, 2007. HCD has a Request for Proposals (RFP) for new applications by local governments to be designated as Enterprise Zones (EZs). They have done so because eight EZs expire in 2008. The EZ Program is intended to provide state and local incentives for businesses to invest and locate in economically distressed areas of California. State law currently authorizes forty-two enterprise zones in California. In addition, the law allows existing zones to expand up to fifteen percent in geographic size. The legislative purpose of the EZ Program is to "stimulate business and industrial growth in the depressed areas of the State." The other purposes are to establish a program "to help attract business and industry to the state, to help retain and expand existing state business and industry, and to create increased job opportunities for all Californians." 55A-1