2007-077 - Santa Ana's Enterprise Zone Application

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LCP 11/05/07 RESOLUTION NO. 2007-077 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA APPROVING AND AUTHORIZING THE SUBMITTAL OF THE CITY OF SANTA ANA'S ENTERPRISE ZONE APPLICATION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS FOLLOWS: Section 1. The City Council hereby finds, determines and declares as follows: A. The City of Santa Ana ("City") wishes to be designated as an Enterprise Zone by the California Housing and Community Development Department (HCD) that oversees the Enterprise Tax Incentives Program whose goal is to stimulate growth in economically depressed areas of the State. B. The application area has a history of high unemployment and low income. C. The City has initiated an aggressive economic development program to stimulate an employment base for Santa Ana residents. D. The City has coordinated activities and implemented programs to market the Enterprise Zone and is committed to continuing said efforts. E. The City Council authorizes and supports efforts for job development, job creation, and economic development. F. The City's application area is a depressed area and that the designation of the application area as an enterprise zone is necessary in order to attract private sector investment to the application area. G. The City has jurisdiction over the application area of the proposed Enterprise Zone. H. The City Council has reviewed, determined and authorized that the proposed area for the Enterprise Zone is acceptable and appropriate. Section 2. The City Council hereby finds, determines, declares and authorizes that upon final designation: A. Staffing shall be made available to maintain record-keeping, monthly updates on zone activities, and to discuss these with program auditors. B. A self-evaluation process shall be developed to measure the City's progress in meeting its goals and objectives that shall be submitted to the HCD for review, approval Resolution No. 2007-077 Page 1 of 3