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Exhibit "B" to MOU Resolution <br />MEMORANDUM OF UNDERSTANDING <br />BY AND AMONG THE CITIES OF COLTON <br />AND SAN BERNARDINO, THE COUNTY <br />OF SAN BERNARDINO AND THE INLAND <br />VALLEY DEVELOPMENT AGENCY <br />THIS Memorandum of Understanding (this "MOU") is dated as of the 15th day of <br />August , 2006, and is by and among the City of Colton, a municipal corporation and a general <br />law city under the laws of the State of California ("Colton"), the City of San Bernardino, a <br />charter city duly existing pursuant to the Constitution of the State of California ("San <br />Bernardino"), the County of San Bernardino, a political subdivision of the State of California (the <br />"County"), and the Inland Valley Development Agency, a joint powers authority existing <br />pursuant to the Government Code of the State of California (the "IVDA"). San Bernardino, the <br />County and the IVDA are sometimes collectively referred to hereinafter as the "Parties." <br />RECITALS <br />WHEREAS, the purpose of the State Enterprise Zone program is to stimulate business and <br />industrial growth in depressed areas of the state by relaxing regulatory controls that impede <br />private investment and on March 8, 2006, the California State Department of Housing and <br />Community Development (HCD) issued a Request for Proposals to fill twenty-three (23) soon to <br />be vacant enterprise zone designations; and <br />WHEREAS, the Parties have jointly and collectively pursued the preparation of a formal written <br />application to the State of California, Department of Housing and Community Development <br />("HCD") for the designation of the properties described herein as the San Bernardino Valley <br />Enterprise Zone ("Zone") on the attached Attachment "A" within a State of California approved <br />Enterprise Zone pursuant to Government Code Section 7070, et seq., and California Code of <br />Regulations, Title 25, Subchapter 21, Article 1-13; and <br />WHEREAS, the IVDA exists as a joint powers authority pursuant to Health & Safety Code <br />Section 33492.40-33492.42, and Government Code Section 6500, et seq., and is comprised of <br />San Bernardino and the County as two of the four members of the IVDA, and <br />WHEREAS, upon the conditional designation of the Zone by HCD, the IVDA Board of Directors <br />shall act as the Enterprise Zone Oversight Committee (ZOC); and <br />WHEREAS, the Parties seek to cooperate in the manner as hereinafter set forth for the mutual <br />purposes of administration of the Zone, and the parties seek to share certain expenses in <br />connection therewith through the contribution of cash and the providing of in-kind staff services <br />in furtherance of the common goal of the Parties as set forth in this MOU. <br />NOW, THEREFORE, THE PARTIES MUTUALLY DECLARE THEIR INTENT AS OF THE <br />DATE HERETO, AND SUBJECT TO THE PROVISIONS HEREOF, TO BE AS SET FORTH <br />HEREIN: <br />1. Definitions <br />A. CAEZ — California Association of Enterprise Zones <br />B. EDA — Economic Development Agency of the County of San Bernardino. <br />