HomeMy WebLinkAboutHCD MOU Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: August 16, 2011
AGENDA ITEM NO.
ITEM TITLE:
Resolution authorizing the Mayor to execute a Memorandum of Understanding between the California
Enterprise Zone Program and the San Diego Regional Enterprise Zone and submit documents to
effect an award of final designation to the San Diego Regional Enterprise Zone.
PREPARED BY: Alfredo Ybarra DEPARTMENT: Administrative Services
PHONE: 619 336-4279 APPROVED BY �z-e—
EXPLANATION:
Adoption of this resolution would authorize the Mayor to execute and deliver a "Memorandum of Understanding
(MOU) between the California Enterprise Zone Program and the San Diego Regional Enterprise Zone (SDREZ)."
The San Diego Regional Enterprise Zone is a fifteen (15) year partnership between local governments and
private companies to generate new private sector investments and growth with the state providing tax credits and
incentives to Enterprise Zone businesses. The purpose of the SDREZ is to : 1) promote "smart growth" by
revitalizing chronically deteriorated areas; 2) hire the most difficult to hire residents in private sector jobs and 3)
retain, expand, and reward businesses that participate in these objectives.
The SDREZ offers a special opportunity to the region to continue to implement economic development and job
creation program incentives in areas with significantly high levels of low and moderate income residents.
Because San Diego's economy is regional in nature, continuing the collaborative relations with other local cities,
port district, and the state to offer business incentives increases the regions ability to compete with other regions,
create new jobs and increase investment in our county. / J
FINANCIAL STATEMENT: APPROVED: Finance
ACCOUNT NO. APPROVED: MIS
There will be ongoing staff time required to administer the SDREZ during the designation period as detailed in the SDREZ Partnership
MOU approved by the City Council on March 2, 2010.
ENVIRONMENTAL REVIEW:
On April 21, 2009, the City Council accepted the certified Environmental Impact Report for the SDREZ,
as required by the State of California Department of Housing and Community Development.
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
STAFF RECOMMENDATION:
Adopt Resolution
BOARD I COMMISSION RECOMMENDATION:
ATTACHMENTS:
1. Background
2. Draft HCD MOU
3. SDREZ Fact Sheet