HomeMy Public PortalAbout85-031 (04-02-85)RESOLUTION N0. 85-31
WHEREAS,
h°°" (State) signed AB
and
I
j WHEREAS,
application to the
Watts community as
A RESOLUTION OF THE CITY COUNCIL OF TIIE CITY OF
LYNWOOD ESTABLISHING THE LEVEL OF INCENTIVES TO
BE PROVIDED BY THE CITY IN ITS APPLICATION AREA
AS REQUIRED I'OR ENTERPRISE ZONE DESIGNATION.
on March 20, 1984 the ~.overnor of the State of California.
l0 into law thereby creating a State Enterprise Zone Program;
the County and City of Los Angeles are submitting a preliminary
State Department of Commerce for designation of the Greater
an Enterprise Zone; and
WHEREAS, the City Council wishes to pursue designation as an enterprise
zone as an endorsing jurisdiction in conjunction with the City and County of
Los Angeles' Greater Watts Enterprise 7,one Preliminar;,~ Application; and
WHEREAS, the City Council recognizes that the State expects high quality
applications to include significant additional i.ncent`-ves for private investment;
and
WHERF,AS, the City Council further reconizes that the higher the level of
local incentives to be provided the greater the opportunity for being selected;
and
WIIEREAS, the City Council wishes to submit a competitive application;
NOW, 'TI-IEREFORE, the City of Lynwood does hereby find, determine, order
and resolve as follows:
Section 1. The attached list of local. incentives to be provided to
qualifying applicants, Attachment I, is hereby approved and adopted.
Section 2. The incentives included in Attachment I shall be provided
i
only to applicants approved f.or State incentives.
adoption.
1985.
Section 3. This resolution shall take effect immediately upon its
PASSED, APPROVED AND ADOPTED this 2nd day of April
SOHN BYORK,~Mayor
-City~of Lynwood
ATTEST:
~~;t.~2-~-- ~ ~t-~~
ANDREA L. HOOPER, City Cle
City of Lynwood
f
APPROVED AS TO FORM:
City Attorney
APPROVED AS TO CONTENT:
~~~ ~ v " °kXa~
PATRICK P. IMPORTUN~, DIRECTOR
Community Development Department
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood.
do hereby certify that the foregoing resolution was passed and
adopted by the City Council of the City of Lynwood at a regular meeting
held on the Ind day of Affil , 1985.
AYES: COUNCILMEN HENNING, MORRIS, ROW E, THOMPSON, 6YORK
NOES: NONE
AssENT: NONE
G~~v ~ /T'!/"CJ~
City Clerk, City of Lynwood
i
RESOLUTION NO. 85-31
ATI'ACIIMENT I
Incentives to Pranote Industrial Growth
r
1. The City, through the Redevelopment Agency, will assist industrial
businesses interested in expanding or locating in the target
area in assembling the required land.
2. The City, through the Redevelopment Agency, will endeavor to
reduce investor uncertainty by providing assistance for the
writedown of land costs and offsite and onsite improvements.
3. The City, through its Economic Development Program, will provide
technical and financial assistance in the form of below-market
interest rate loans to interested business/property owners for
upgrading/rehabilitating their industrial facilities. The City
may use CDBG and Redevelopment Tax Increment funds for this purpose.
4. The City is completing a parking study in the project area.
This study recommends the construction of a parking facility for
180 vehicles on unused land owned by the Southern Pacific Rail-
road on Alameda Street, Redevelopment Tax Increment and CDBG
funds will be used to accomplish this project.
5. The City; through the Economic Development Program and the
Redevelopment Agency, in conjunction with the County's
Ccannunity Development Commission will develop and implement
a marketing program to promote the Enterprise Zone in general
and the project area in particular. The program is expected
to create a more positive image for the target area and inform
investors of sites available for development as well as the
financial incentives available to interested businesses.
6. The City will provide "Fast Track permit Processing" to reduce
the processing of developnent permits to no more than 60
days. Priority review and plan check will be provided to
applicants processing permits in the project area.
7. The City will reduce permit fees for all projects which will
create 20 or more new jobs.
8. The Lynwood Local Development Corporation (LL~DC) will target
some of its programs '.to businesses in the proposed target area.
Those programs will bie implemented in conjunction with the
City's Economic Development Program activities and could include
business financing through industrial development borxls, SBA 503
loan program and a revolving loan fund, as well as assistance
in obtaining debt and equity capital from other public and private
services.
9. The Sheriff's Department will be encouraged to work with project
area businesses to establish Block watch groups and provide advice
on measures to safeguard property.
10. The City may use property Tax Increment to subsidize increased
patrols of the project area.
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11. The City will upgrade street lighting throughout target area.
12. The City's Public Works Department is presently canpleting a
comprehensive needs assessment and an improvement plan to upgrade
the infrastructure in the project area. The proposed improv~nents
consist of street resurfacing/reconstruction; construction/reconstruc-
tion of curbs, gutters, sidewalks and wheelchair ramps; contruction/
reconstruction.of water mains; construction of storm sewers and
~~ catckunent basins; and the repair/replacement of sewer mainlines and
~ manholes. To this end the City will target funds in an amount of
approximately $500,000 from the following sources: SB-82, Prop.
A, Gas Tax, CDBG and Redeveloxanent Tax Increment.
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