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Resolution Approving and Authorizing <br />the Submittal of Enterprise Zone Application <br />November 5, 2007 <br />Page 3 <br />designation as an EZ is needed in order to attract private sector <br />investment to the application area. In addition, we must demonstrate our <br />commitment to and support for economic development in the area and <br />provide adequate staffing. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />Stephen G. rding <br />Deputy City Manager for Development Services <br />Community Development Agency <br />SGH/CWD/mlr <br />H:\ACTION ITEMS\COUNCIL\2007 CC\ResoSubmissionApp EZ 11-5-07.doc <br />55A-3 <br />