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It\( mill, 11 1, <br />The State only allows 42 enterprise zone designations at any given time. Application for a new <br />zone does not guarantee that the State will grant the zone and the benefits associated with the <br />program. Eighteen zones are nearing expiration, leaving eighteen slots available for enterprise <br />zone designation. <br />DISCUSSIOWANALYSIS <br />Enterprise Zone as a Too]: An Enterprise Zone is one of the economic development <br />advantages that Colton has to offer to prospective and existing businesses over other <br />jurisdictions. <br />New Zone Application: The County of San Bernardino, City of San Bernardino, IVDA and <br />Colton have explored options to complete an application for a multi -jurisdictional enterprise <br />zone. The proposed name selected by the participating jurisdictions for the new zone is San <br />Bernardino Valley Enterprise Zone (SBVEZ). Total acres in all jurisdictions located within the <br />proposed boundaries, regardless of zoning, is 25,776; the City of Colton has 5,698 acres. Part <br />of the application process included analysis of census block groups to determine eligibility <br />based upon meeting criteria established by Housing and Community Development (HCD) for <br />including land in the enterprise zone. While each jurisdiction has a total number of acres <br />including all zoning, a matrix for sharing the cost of the zone was developed based on acreage <br />zoned industrial and/or commercial, with IVDA agreeing to fund the total amount of its acreage <br />before calculating the percentage of the other jurisdictions, since land in those jurisdictions was <br />also included in the IVDA with the breakdown as follows: <br />Table 1 <br />Acres Percentage <br />Jurisdiction IndustriaXommercial Cost Sharing <br />Colton <br />2,428 <br />San Bernardino City <br />7,146 <br />San Bernardino <br />County <br />1,619 <br />Total <br />11,193 <br />— <br />IVDA 3,845 34% <br />Colton <br />2,428 <br />22% <br />San Bernardino City <br />7,146 <br />64%_ <br />San Bernardino <br />County <br />1,619 <br />14% <br />Total <br />11,193 <br />iom.j <br />Budget: A budget has been established and includes funds in year 1 for an Environmental <br />Impact Report in the amount of $250,000, along with a Marketing Budget in the amount of <br />$100,000, (Table 2). Marketing of the proposed zone is critical to ensure that businesses utilize <br />the benefits of the zone to their fullest. <br />� W ....... . %1"[,I, -'IIIH, V-1., \[I -- I (Ifif,J / %]()I �I III R,J)''11 'I", <br />