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RES-2009-015RESOLUTION NO. 2009- 015 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ANAHEIM APPROVING AN APPLICATION TO THE CALIFORNIA BUSINESS, TRANSPORTATION AND HOUSING AGENCY FOR DESIGNATION OF THE ANAHEIM ENTERPRISE ZONE. WHEREAS, the State of California Legislature created the Enterprise Zone Program to stimulate economic growth in distressed areas; and WHEREAS, the Enterprise Zone Program offers businesses located in distressed areas special tax credits and incentives in order to stimulate local investment and employment; and WHEREAS. the California Department of Housing and Community Development has announced the opportunity for local communities to apply for one of four (4) enterprise zone designations that will become available in 2009; and WHEREAS, the City finds residential neighborhoods suffering from high unemployment and low income are adjacent to industrial and commercial areas where employment opportunities may be encouraged by incentives and other measures; and WHEREAS, business operations in manufacturing, construction, and financial services are endangered, thereby eroding the ability of Anaheim residents to enjoy financial stability. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ANAHEIM HEREBY RESOLVES AS FOLLOWS: Section 1. The application area contains several census tracts that are experiencing low income growth, high unemployment and other distress factors and designation of the area as an enterprise zone is necessary in order to attract private sector investment to the application area: and Section 2. The City of Anaheim authorizes application to the California Department of Housing and Community Development for the Anaheim Enterprise Zone; and Section 3. The City of Anaheim supports job development, job creation and economic development: and Section 4. The City of Anaheim will provide staff to operate and promote the Enterprise Zone. including record keeping. monthly updates on zone activities, and availability to discuss these activities with program auditors; and Section 5. The City of Anaheim shall develop a self evaluation process to measure its progress in meeting its goals and objectives. This process shall be submitted to the Department for review, approval and inclusion in the Memorandum of Understanding (MOU) prior to Final Designation; and Section 6. The City of Anaheim agrees to complete all actions stated within the application should the proposed enterprise zone be awarded designation; and Section 7. The Planning Director or her designee shall be authorized to sign the application, the MOU and other documents necessary for the implementation of the enterprise zone. THE FOREGOING RESOLUTION is approved and adopted by the City Council of the City of Anaheim this 27 day of January, 2009, by the following roll call vote: AYES: Mayor Pringle, Council Members Hernandez, Sidhu, Galloway, Kring NOES: NONE ABSENT: NONE ABSTAIN NONE ATTEST: CITY CL_RK OF THE CITY F ANAHEIM 71907.1 CITY OF A EIM BY MAYOR OF THE CIT F AHEIM