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HomeMy WebLinkAbout2010-02-23 City Council Item No. 8CITY OF LADE OLSI110KE DREPORT TO CITY COUNCIL TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ROBERT A. BRADY CITY MANAGER DATE: FEBRUARY 23, 2010 SUBJECT: A RESOLUTION OF THE CITY OF LAKE ELSINORE SUPPORTING AN ADJUSTMENT TO THE HUB ZONE BOUNDARY Backaround The HUB Zone Empowerment Contracting program provides federal contracting opportunities for qualified small businesses. The program encourages economic development in historically underutilized business zones - "HUB Zones" - through the establishment of preferences which provides access to more Federal contracting opportunities. The primary goal of the program is to create incentives for the federal government to do contracting with businesses that operate and create jobs in communities with statistically proven economic needs. The HUB Zone boundary corresponds to U.S. Census Tract boundaries. Discussion The current HUB Zone Boundary extends along Corydon Street to include most of the industrial uses along the northwest side of the street. However, the current HUB Zone boundary stops short and does not include several remaining industrial parcels along Corydon Street. These remaining parcels are developed or could be developed with industrial uses that would benefit from the HUB Zone designation. Moving the existing HUB Zone and census tract boundary approximately 600 feet toward Palomar Street along Corydon Street would include the remaining industrial parcels in the HUB Zone. AGENDA ITEM NO. 8 Page 1 of 7 Resolution Supporting Adjustment to HUB Zone Boundary February 23, 2010 Page 2 Fiscal Impact No direct fiscal impact to the City. Recommendation It is recommended that the City Council adopt the attached resolution supporting an adjustment to the HUB Zone boundary. Prepared and Approved by: Robert A. Brady (~j City Manager J~'"~ Page 2 of 7 RESOLUTION NO. 2010-006 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, CALIFORNIA, SUPPORTING AN ADJUSTMENT TO THE HUB ZONE BOUNDARY WHEREAS, the HUB Zone Empowerment Contracting program was enacted into law as part of the Small Business Reauthorization Act of 1997; and WHEREAS, the U.S. Small Business Administration regulates and implements the program; and WHEREAS, the HUB Zone Empowerment Contracting Program provides federal contracting opportunities for qualified small businesses located in distressed areas; and WHEREAS, fostering the growth of these federal contractors as viable businesses, for the long term, helps to empower communities, create jobs and attract private investment; NOW, THEREFORE, the City Council of the City of Lake Elsinore, California, does hereby resolve as follows: The boundary of the existing HUB Zone should be adjusted approximately 600 feet toward Palomar Street along Corydon Street to include seven industrial parcels on and adjacent to Corydon Street. Page 3 of 7 Resolution No. 2010-006 Page 2 of 3 PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Lake Elsinore, California, this 23`d day of February 2010 by the following vote: AYES: NOES: ABSENT: ABSTAIN: MELISSA A. MELENDEZ, MAYOR CITY OF LAKE ELSINORE ATTEST: CAROL COWLEY, CMC CITY CLERK APPROVED AS TO FORM: BARBARA ZEID LEIBOLD CITY ATTORNEY Page 4 of 7 Resolution No. 2010-006 Page 3 of 3 STATE OF CALIFORNIA COUNTY OF RIVERSIDE SS CITY OF LAKE ELSINORE I, Carol Cowley, City Clerk of the City of Lake Elsinore, California, do hereby certify that the attached Resolution No. was duly approved and adopted by the City Council at the regular meeting thereof held on the _ day of , 2010. Attached is a true and correct copy of the original document which is on file in my office. EXECUTED this _day of , 2010, at the City Clerk's office of Lake Elsinore, California. Carol Cowley, CMC City Clerk of the City of Lake Elsinore, California Page 5 of 7 Page 6 of 7 N~ - -ho `o 2N2oy° did ~"o~~m RUUODUN U O v9 h ..w it CC C." O v H o m C ~ U W ~ x o a~ w ~ a~ on 0 c~ U 0 ts, 0 s~ a 4+W) I 15 Ow H! LL all - -I- . -