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2 3 4 5 6 7 8 �9 Io] 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. R-12-11 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON IN OPPOSITION TO THE STATE OF CALIFORNIA ADMINISTRATION'S PROPOSAL TO ELIMINATE THE STATE ENTERPRISE ZONE PROGRAM WHEREAS, it is the goal of the City Council of the City of Colton to maintain a business -friendly environment that attracts quality employers to the city to provide jobs for the residents of the City of Colton; and, WHEREAS, California's State Enterprise Zone Program was established in 1984 to stimulate business investment in depressed areas of the State and create job opportunities for Californians by providing business hiring credits, sales/use credits, and other incentives; and WHEREAS, as of 1986, the City of Colton was part of the Agua Mansa Enterprise Zone and Joint Powers Authority, Agua Mansa Industrial Growth Association, providing a variety of incentives to assist businesses in the City of Colton, until its expiration in 2006; and WHEREAS, in 2006, the City of Colton joined in creating the San Bernardino Valley Enterprise Zone Program to continue assisting businesses in providing quality jobs in the City of Colton; and WHEREAS, the Enterprise Zone Program incentives have provided California businesses tax relief, enabling them to hire employees locally, expand their business in the City of Colton, and allow them to compete in the greater business market; and, WHEREAS, on January 10, 2011, California's Governor Brown proposed the elimination of the State of California Enterprise Zone program and its tax incentives for businesses located within its borders, and; WHEREAS, the elimination of Enterprise Zones will remove the ability to offer tax incentives to expand and attract businesses that create and retain jobs in economically distressed areas of the State as designated by the California State Legislature, and; WHEREAS, the elimination of Enterprise Zones will have a devastating negative effect on job creation, job retention and economic recovery, especially in depressed areas of the State, including the City of Colton, and; WHEREAS, the City of Colton is committed to making every effort to keep the San Bernardino Valley Enterprise Zone operational for the benefit of our current and future businesses.