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les 7/13 <br />EXHIBIT 1 <br />RESOLUTION NO. 2013- <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA IDENTIFYING THE CENSUS TRACTS <br />COMPRISING THE TARGETED EMPLOYMENT AREA <br />FOR THE SANTA ANA ENTERPRISE ZONE <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br />Section 1. The City Council of the City of Santa Ana hereby finds, determines <br />and declares as follows: <br />A. On January 31, 2008, the City of Santa Ana was re-designated as a California <br />Enterprise Zone. This designation was to be in effect for fifteen (15) years. <br />B. Pursuant to recently enacted Assembly Bill 93 and Senate Bill 90, all <br />Enterprise Zones will sunset January 1, 2014. Enterprise Zones will still be <br />able to process vouchers for the remainder of the year and possibly into 2014 <br />for employees hired in 2013 (awaiting determination by State of California). <br />C. The California Enterprise Zone Program targets economically distressed <br />areas using special state and local incentives to promote business investment <br />and job creation. By encouraging entrepreneurship and employer growth, the <br />program strives to create and sustain economic expansion in California <br />communities. <br />D. Section 7072(1) of the California Government Code defines a "Targeted <br />Employment Area" ("TEA") as an area within a city that is composed solely of <br />those census tracts that have at least fifty-one percent (51%) of its residents <br />at low- or moderate-income levels. Its purpose, according to the Code, is to <br />encourage businesses in an enterprise zone to hire eligible residents from <br />these geographic areas. The incentive for these businesses is the availability <br />of a tax credit for hiring residents who reside in a TEA. <br />Resolution No. 2013-XXX <br />556-5 Page 1 of 2