Memorandum Of Understanding - Inland Valley Development Agency

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f i APPROVED BY CITY GOUNCIt. Date 15-e Item # MEMORANDUM OF UNDERSTANDING BY AND AMONG THE CITIES OF COLTON AND SAN BERNARDINO, THE COUNTY OF SAN 13ERNARDINO AND THE INLAND VALLEY DEVELOPMENT AGENCY THIS Memorandum of Understanding (this `WU') is dated as of the 151111411Y of August, 2006, and is by and among the City of Cotton, a municipal corporation and a general law city under the laws of the State of California ("CojW), the City of San Bernardino, a darter city duly existing pursuant to the Constitution of the State of California ('San. Bernardino'), the County of San Bernardino, a political subdivision of the State of California (the «County"), and the Inland Valley Development Agency, a joint powers authority existing pursuant to the Government Code of the State of California (the "IVDAO). Colton, San Bernardino, the County and the IVDA are sometimes collectively referred to hereinafter as the «Parties." RECITALS WHEREAS, the purpose of the State Enterprise Zone program is to stimulate business and industrial growth in depressed areas of the state by relaxing regulatory controls that impede private investment and on March 8, 2006, the -California Sh fe Department of Housing and Community Development (NCD) issued a Request for Proposals to fill twenty-three (23) soon to be vacant enterprise wne designations; and WHEREAS, the Parties have jointly and collectively pursued the preparation of a formal written application to the State of California, Department of Housing and Community Development ("HCD') for the designation of the properties � herein as the San Bernardino Valley Enterprise Zone (Zone) on the attached Exhibit A within a State of California approved Enterprise Zone pursuant to Government Code Section 7070, et seq.. and California Code of Regulations, Title 25, Subchapter 21, Article 1-13; and WHEREAS, the IVDA exists as a joint powers authority pursuant to Health & Safety Code Section 33492.40-33492.42, and Government Code Section 6500, et seq., and is comprised of Colton, San Bernardino, and the County as three of the four members of the IVDA, and WHEREAS, upon the conditional designation of the Zone by HCD, the IVDA Board of Directors shall act as the Enterprise Zone Oversight Committee (EZOC); and WHEREAS, the Parties seek to cooperate in the manner as hereinafter set forth for the mutual purposes of administration of the Zone, and the parties seek to share certain expenses In connection therewith through the contribution of cash and the providing of in-kind staff services in furtherance of the common goal of the Parties as set forth in this MOU; and Page 1 of 11