1992 AGN FEB 18 I16 - Laserfiche WebLink

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CITY OF COLTON AGENDA REPORT For Council Meeting of February 18. 1992 TO: Honorabl a r an it FROM: Za no c Development Director SUBJECT: Date: February 18, 1992 DESIGNATION OF RECYCLING MARKET DEVELOPMENT ZONE BACKGROUND: In 1989, AB 1322 was approved in the State Legislature creating Recycling Market Development Zones. These zones are similar to the Enterprise Zones managed by the State Department of Commerce, except that the Recycling Market Development Zones seek to attract and retain recycling industries. DISCUSSION. The Integrated Waste Management Act of 1989 mandates that cities and counties divert twenty five percent (25%) of their waste stream from landfills by 1995, and fifty percent (50%) by the year 2000. In order to meet these mandates, the markets for recyclable materials need to be expanded. With most cities and counties in the state implementing full-scale recycling programs, the existing markets for this material are becoming flooded; the supply of materials is increasing while demand remains static. In order to increase demand, it is essential that new recycling businesses are developed to use the resources we will be capturing from our waste stream. California Integrated Waste Management Board has opened the application process for designation of eight (8) Recycling Market Development Zones. The Agua Mansa Enterprise Zone Marketing Committee is preparing an application for zone designation on behalf of the Agua Mansa Industrial Growth Association ("AMIGA "). The County of Riverside is serving as the lead agency in the application process. The proposed boundaries of the new zone would mirror those for the existing Enterprise Zone and serve as a zone overlay to the Enterprise Zone. With the designation of a Recycling Market Development Zone, the State provides technical assistance related to zone administration and shares leads and provides up to five million -dollars per year in low interest loans to recycling businesses. These state economic incentives offered through the Recycling Development Zones, coupled with Enterprise Zone incentives, will provide the tools to bring new economic vitality to our communities and strengthen the local markets for recyclable materials as well as complement future development of Materials Recovery Facilities. As a component to the Recycling Zone application, it is necessary that each jurisdiction in the Enterprise Zone, as well as the AMIGA Executive Board, adopt a Resolution designating the Agua Mansa Enterprise Zone as a Recycling Market Development Zone. RECOMMENDATION: Staff recommends that the City Council adopt the attached Resolution by title as: A Resolution Of The City Council Of The City Of Colton, California, Designating That A Portion Of The Of The Agua Mansa Enterprise Zone As A Recycling Market Development Zone Lying Within The City Of Colton - Report prepared by Wendy Jo Holland, Economic/Redevelopment Associate Attachments: Resolution Page 1 of --- Item No. !� "EN TRAL RECORDS p FILE NO..�i;.[X�.� ..............1..�