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HomeMy WebLinkAboutRS1- Redevelopment Agency h REM.VELOPMENT AGENCY-RE.XEST FOR .wOMMISSION/COUNCIL At,(ION Frnm: Glenda Saul, Executive Director Subject: ENTERPRISE ZONE STATUS REPORT 1986-1987 Dept: Redevelopment Agency Date: January 12, 1988 Synopsis of Previous Commission/Council action: 3-19-85 Approval of Application under AB40 3-20-85 Review by Ways & Means Committee 3-21-85 Review by Ways & Means Committee 3-25-85 Council/Commission approval of Enterprise Zone boundaries 4-15-85 Item continued, referred to Ways and Means 5-2-85 Item continued, referred to Ways & Means 5-6-85 Resolution 4759 Preapplication approved 5-10-85 City Resolution 85-163 - Finding of need and authorizing submittal to State 7-22-85 Executive Director authorized to negotiate EIR/EIS with URS 8-19-85 Reso 4787 authorized execution of contract with URS 8-26-85 Resolution 4792 authorized contract with Van Osdel, Dukes, Amis for Final Application 3 9-23-85 Amendment to URS contract authorized i Recommended motion: (MAYOR AND COMMON COUNCIL) Move to receive and file Enterprise Zone Status Report for 1986-1987. i Signature Glenda Saul Contact person: Phone: 383-5081 Supporting data attached: YES Ward: 1st, 2nd, 3rd and 6th FUNDING REQUIREMENTS: Amount: $ N/A Project: Enterprise Zone No adverse Impact on City: Date: January 19, 1988 cil Notes: 3434G/EJ/mv A `---I_ 1. . _ �- is Synopsis of Previous Commission/Council action: (continued from page 1 ) 10-7-85 City Resolutions 85-405 Allocating housing funds to Enterprise Zone 85-406 Allocating beautification and Employment Linkage funds to Enterprise Zone 85-407 Designating Deputy City Administrator as Zone Coordinator Commission Resolutions 4804 authorizing staff to develop data base agreement 4805 authorizing staff to develop incubator project 10-14-85 City Resolutions 85-410 Allocating street improvements 85-411 Directing development of new code designation. Commission Resolutions 4806 Establishing Zone Management Office 4807 Directing development of Marketing Program 4808 Directing development of Export Program 10-21-85 City Ordinance 3. 18 "Enterprise Zone Incentives" 10 Agency Resolution 4814 Operation Second Chance Technical Assistance Program 11-1-85 City Resolutions 85-481 Approving Enterprise Zone Application and Authorizing the Executive Director of the Redevelopment Agency to Submit the Application to the State of California 85-482 Formally Receiving Draft Environmental Impact Report/Environmental Impact Statement on Enterprise Zone, and Authorizing Planning Department to Submit Notice of Completion and Seek Comments City Ordinances MC-480 Establishing Incentives to be Granted Certain Businesses and Certain Residential Construction within the Enterprise Zone MC-481 Establishing Incentives to be Granted Certain Buuinesses and Certain Residential Construction within the Enterprise Zone, and Declaring the Urgency Thereof 02/02/87 Received and Filed Enterprise Zone Annual Status Report for the period ending 12/13/86. 3434G/EJ/mv 01 /19/88 STAFF REPORT On April 22, 1985, the city filed a preliminary application with the state for designation as an Enterprise Zone. The Enterprise Act establishes a program to stimulate private investment and business development in distressed areas by providing state incentives in combination with local incentives. Although not approved for state designation, the city has committed to continue the Enterprise Zone concept on the local level . On November 1 , 1985, the mayor and common council adopted Ordinance MC 480, which established incentives for the Enterprise Zone. The Redevelopment Agency was designated as the zone management office and is responsible for verification of eligibility for fee exemption and/or rebates and for submitting to the mayor and common council an annual Enterprise Zone Status Report. The Enterprise Zone Status Report for the period beginning March 31 , 1986, and ending on December 31 , 1987, is attached for your review. The total amount of fee exemptions and/or rebates for the period mentioned above was $36,940.07. For the amount you have induced: a) 34 New businesses for a total building permit value of $1 ,202,857 and created 111 jobs . b) 1 Industrial Business and 2 jobs. 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