2010-003 - Authorizing the Expansion of the Enterprise Zone

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LST1.20.10 °- RESOLUTION NO. 2010-003 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA AUTHORIZING THE EXPANSION OF THE ENTERPRISE ZONE 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. On September 2, 2009, the City of Santa Ana ("City") received a Final Designation from the California Department of Housing and Community Development (HCD) for a new fifteen (15) year Enterprise Zone, which became effective June 8, 2008. B. The Enterprise Zone program was established by the State of California legislature for the purpose of stimulating the economy in areas deemed by the State to be economically challenged. The Program offers State Tax Incentives to businesses in the Zone which, in turn, help the City retain and attract companies within the Zone. C. The Program regulations allow for Enterprise Zones to expand their Zone by up to fifteen percent (15%) of the originally approved area. The 15% expansion areas do not have to meet the strict requirements of the original Enterprise Zone areas. Through the expansion process, more businesses will become eligible to reduce their costs by taking advantage of the various Enterprise Zone State Tax Incentives. D. The City Council of the City of Santa Ana wishes to expand the boundaries of its Enterprise Zone to include the geographic area set forth in the attached boundary map. E. Land included with the proposed expansion area is zoned for industrial or commercial use and the City has jurisdiction over the proposed expansion area. Section 2. The City Council of the City of Santa Ana does hereby support and approve the Santa Ana Enterprise Zone expansion into the areas of the City of Santa Ana as shown on the attached map and hereby approves and authorizes the submittal of the expansion application to be filed with HCD. Section 3. The City Council deems the Deputy City Manager for Development Services as the Contact Person on behalf of the City. The City Council hereby directs and authorizes the Deputy City Manager for Development Services or their designee, on behalf of the City, to sign the application and execute all documents, Memoranda of Understanding, and instruments necessary or appropriate for implementation of the expansion of the Enterprise Zone. Section 4. This Resolution shall take effect immediately after its adoption. Resolution No. 2010-003 Page 1 of 3