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COOPERATIVE AGREEMENT BETWEEN <br />THE CITY OF SANTA ANA AND THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA <br />ANA (ENTERPRISE ZONE APPLICATION) <br />THIS AGREEMENT is entered into this day of , 2008, by and <br />between the COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA, a <br />public body corporate and politic (the "Agency "), and the CITY OF SANTA ANA, a charter city <br />and municipal corporation duly organized and existing under the Constitution and laws of the State <br />of California (the "City "). <br />WITNESSETH <br />A. The Agency is undertalcing certain activities necessary for the execution of the City <br />of Santa Ana redevelopment projects (the "Projects ") under the provisions of the California <br />Community Redevelopment Law (Health and Safety Code Section 33000 et seq.) and pursuant to <br />the redevelopment plans for the Projects. <br />B. The City of Santa Ana applied to the State of California and received a fifteen year <br />Enterprise Zone (EZ) designation in 1993. This designation is scheduled to expire on June 7, 2008. <br />C. The Enterprise Zone program was created by the State of California for the <br />purpose of stimulating the economy in areas that are deemed to be economically challenged. The <br />program helps create new jobs and reduce blight. <br />D. The Agency desires to contract with the City for the Agency to provide funds to <br />the City to assist in funding the consultant that will assist in the completion of the procedure <br />necessary to obtain a new fifteen year Enterprise Zone designation. <br />E. On January 31, 2008, the Department of Housing and Community Development <br />(HCD) awarded a conditional designation to the Santa Ana Enterprise Zone. This new <br />designation will become effective on June 8, 2008. On March 17, 2008, a letter from HCD was <br />mailed to the City of Santa Ana specifying the conditions the City must satisfy in order to obtain <br />final designation. The consultant will assist with meeting the conditions outlined in the letter in <br />order to receive final designation. <br />F. The Agency is willing to contribute funding for the consultant as the designation of <br />Enterprise Zone will assist the Agency with its ongoing redevelopment activities. <br />NOW, THEREFORE, the parties hereto do mutually agree as follows: <br />6 -41 <br />