HomeMy WebLinkAbout95-089 CC ResolutionRESOLUTION NO. 95-89
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA DESIGNATING VARIOUS AREAS
WITHIN THE CITY OF TEMECULA AS ECONOMIC
DEVELOPMENT DISTRICTS
THE CITY COUNCIL OF THE CITY OF TEMECULA DOES RESOLVE
AS FOLLOWS:
Section 1. The City Council of the City of Temecula does hereby find,
determine and declare as follows:
a. There is a need within those areas of the City of Temecula designated
on Exhibit A to encourage business development as a means of enhancing the economic
productivity of such areas.
b. The businesses and potential businesses in these areas have not had the
benefits of the nearby redevelopment areas and projects in these areas can specifically benefit
from the assistance of enhanced Small Business Administration Loans and the assistance
provided by the Economic Development Corporation CEDC").
c. The designation of the areas described in Exhibit A as an Economic
Development Zone will enhance the creation of job opportunities as well as the retention of
job opportunities in the areas and will stimulate business development in the community
bringing in added income and assist in diversifying and stabilizing the local economy.
d. The Temecula economy has specifically developed a number of high
tech research and manufacturing firms due in part to the large, highly educated work force
residing in Temecula. Designation of the Economic Development Zones will encourage
these types of industries to locate in the designated areas due to the enhanced financing
opportunities of the District and the assistance provided by the EDC.
Section 2. The City Council of the City of Temecula hereby designates the
areas depicted on Exhibit A, attached hereto and incorporated herein by this reference, as
Economic Development Districts.
Section 3. The City Clerk shall certify the adoption of this Resolution.
..~sos\95-89
PASSED, APPROVED AND ADOPTED by the City Council of the City of
Temecula on October 17, 1995.
ATTEST:
June .~Greek, Cl~i~
City Clerk
[SEAL]
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )
CITY OF TEMECULA )
SS
I, June S. Greek, City Clerk of the City of Temecula, do hereby certify that the
Resolution No. 95-89 was duly and regularly adopted by the City Council of the City of
Temecula at a regular meeting thereof, held on October 17, 1995, by the following vote, to
wit:
AYES:
4 COUNCILMEMBERS: Birdsall, Linderoans, Roberts, Stone
NOES:
0 COUNCILMEMBERS: None
ABSENT: 1
COUNCILMEMBERS: Parks
Juf}e.'~.. Greek, CMC
City Clerk
1~esos\95-89 -2-
EXHIBIT "A"
ECONOMIC DEVELOPMENT DISTRICT
R:\STAFFRPT\PUBLICRE.CC 10/9/95 vgw ~
City of' Temecula
DEVELOPMENT
DISTRICT
10/12 95
NORTH: