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Home My Public Portal About85-046 (05-07-85)RESOLUTION N0. $5-46 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ENDORSING THE GREATER WATTS EMPLOYMENT AND ECONOMIC INCENTIVE PROGRAM AREA. WHEREAS, on March 20, 1.984, the Governor of the State of California (State) signed AB 514 into law thereby creating a State Employment and Economic Incentive Program; and WHEREAS, the County and City of Los Angeles are submitting a preliminary application to the State Department of Commerce for designation of the Greater Watts community as an Employment and Economic Incentive Program Area; and WHEREAS, the City Council hereby finds and determines that it is necessary and essential and a public purpose for portions of the City to be included in the Greater Watts Employment and Economic Incentive Program Area to help stimulate pri- vate sector investment; and WHEREAS, the City certifies that it will complete all Council approved actions contained in the preliminary co-application and final co-application, if appli- cable, that apply to its jurisdiction. NOW, THEREFORE, the City of Lynwood does hereby find, determine, order and resolve as follows: Section. 1. The City endorses the County of Los Angeles' (County) and City of Los Angeles' (City) preliminary application for designation of the Greater Watts Employment and Econmic Incentive Program Area. The application area is shown on the map attached hereto as Attachment I. Section 3. The City does not wish to participate independently as an appli- cant for designation. Section 2. The City agrees to the inclusion of the area within its juris- diction, as noted on the attached map, as part of the application area for the pro- posed Greater Watts Employment and Economic Incentive Program Area. Section 4. The City will carry out all actions stated in the preliminary co-application and final co-application, if applicable, which apply to its juris- diction. Section 5. This resolution shall take effect immediately upon its adoption. ~I PASSED, APPROVED AND ADOPTED this 7th ATTEST: ANDREA L. HOOPER, City Cler APPROVED AS TO FORM: City Attorne day of Mav APPROVED AS TO CONTENT: 1985. / G~cC/ PATRICK P. IMPO,~RTUNA, 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 i City of Lynwood at a regular meeting held on the 7th day of May 1985. , AYES: COUNCILMEN HEPJNING, MORRIS, ROI~JE, TNOMPSOPJ, BYORK NOES: NONE ABSENT: NONE ~~ ~ ~~ City Clerk, City of Lynwood I i I sour .YN'NCO^~ .~ ~,~' _~. _~ L- ~ {O. .i ~ ! 1 r-! ~~ . ~~ - , ~. 7 @ e"3- val.-w ~~T~-r~ ~o ~"'_y ~ _ 3 Lc.:cNG I -_ _ RESCiIlr ICtV NO . ATTAC~'T I Incentives to Pranote L^:dustrial Growth 1 The City, through the Fedevelo~rent Acency, will assist i-~dustrial busir~sses interested in e_~c^randing or locating in the target area in assembling tl~e recuired lard. 2. T~:e City, through t'~.e F.edevelopr.~nt Agency, will endeavor to reduce investor uncertainty by providing assistance for the writedown of land costs and offsite and onsite improve-rents. 3. T;:e City, through its Economic Cevelo~nt P*:cc,~am, will provide technical and financial assistance i. the fozi, of bele.v-st~ar:{et interest rate leans to interested business; property owners for upgrading/rehabilitating their industrial *-"acilities. The City may use CDBG and Bedevelogrent Tax Increment funds for this purpose. ~''z. Ti° C1ty 1s CCilpleti..-~cj a_^_.: ~:{L^g St'u'ffy i"1 t.^~e pri.~~2~ ar?c:. This study reccz;n~erds the instruction of a irking facility for 180 vehicles en ~:aused lend aN;.ed 'cy t^.e Scutl-ern Pacific Ra;~- rcad on ala;~9a Stre°*_, D.~lavelorrent Taxincre*r.,e_^_t and ~T?G f':ird5 will ~~e L'~~ tv aCC.:IP:p11u.': t_~~i1~ prOjECt. ~. ':h e C1ty, t*':rCL:C~? t.".e =CCRC~ 1C Cove-o'_.S3eP.t cTGjr 3IR 3T'.~L t11e ?edevelopmei~t r`.gexy, in corju.^.cti en wit1: the County' s (~` Carmu,-~ity Czvelourent Cc*.ini.ssion will develop and i-rplement I a maricetirg prarram to pra;nte the r'7ite_rrise Zore in gere_al and the project area in particular. The program is erpec:-ted to create a riore posi`ive image for t;:e target area and infe_~-m' investors of sites available for cevelocrr~r:t as w~11 as the financial ir~entives available to interested busir~sses. 6. Ti,:e City will provide "E'as~ Track pera.t processing" to reduce the processing of develognent permits to no :mre than 60 days. Priority review a.-Y1 plan check will be provided to applicants processing permits in the project area. 7. T'~ City will reduce ce~-:;iit fees for all projects ~.,~-:ich will create 20 or rare nea jobs. ?. ,:_ ~,nscod 'coal ievelc~nent i'orroration (T3x) w;l?. target s~ of its prccru-ms to businesses ir. the cropesz.' -argot area. Those programs will be i,~lenentec~ in conjunction with the City's rcorrmic L~~elopment ?r~ram activities and could include Business `_irarc:rg thrcuch industrial develcpmQnt girds, SBA 503 lczn prcaram and a re~rolving loan. ~ur'd, as well as assis`~ance .i. cbtai~~.i-r debt az ecuity czpi~l frcn ct:.er cublic and arivate sern_ces . tt~ ?. '`':2 .: (:Er~ ''S ~'.~.r `'.'2^t ~v~._1 .~ ~^:C L3CC.^ t0 :vOr~{ "r71 ~i1 7rG'eCt ~___: tL'S esseS C ^st'^t r+ ~ x'{ '~tia ~: :'1 ~-CUps and _ roV'_de ad'i i:.'°... _.. -eas es :~ ~a:y^..a_*-_ =roce_-'t~. _,. .--_ __-. ..-a% ~se c~^_ _a:c =rcracer:~ _~ subsidi:.e incr=._as =r__1s ~' ~ ~ ~~- ~ ~. 11. The City will upgrade street lighting throughout target area. 12. The City's Public Works Cepartment is presently completing a comprehensive needs assessment and an improvenent plan to upgrade the infrastructure in the project area. The proposed improvanents consist of street resurfacing/reconstruction; construction/reconstruc- tion of curbs, gutters, sidewalks aryl wheelchair ramps; contruction/ reconstruction of water mains; construction of storm sewers and catchment basins; aryl the repair/replacement of sewer mainlines and ma-Tholes. To this errl the City will target furxls in an amount of approximately $500,000 fran the follaaing sources: SB-82, Prep. A, Gas Tax, CDBG and Redevelognent Tax Zncremn~t. ~_ -2-