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HomeMy WebLinkAboutCC RES 11-73RESOLUTION NO. 11-73 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA ADOPTING THE LAMBRA HIRING TAX CREDIT VOUCHER APPLICATION PROCESSING FEE AND INCORPORATING THE FEE INTO RESOLUTION NO. 08-60, THE COMPREHENSIVE SCHEDULE OF FEES The City Council of the City of Tustin does hereby resolve as follows: The City Council hereby finds, determines and declares as follows: A. In 2001, the State designated Tustin Legacy as a Local Agency Military Base Recovery Area (LAMBRA) Zone. The Tustin Legacy LAMBRA provides significant state tax advantages to businesses locating in the Tustin Legacy LAMBRA. Businesses can receive tax incentives far hiring qualified employees, credit for sales or use tax paid or incurred on qualified property, business expense deduction for the cost of qualified property and a net operating loss carryover. B. The Office of the City Manager is responsible for administering the Tustin Legacy LAMBRA program. Businesses seeking to take advantage of the tax incentive for hiring qualified employees must submit a Hiring Tax Credit Voucher Application to the Office and the Office reviews the application and, if eligible, issues a Hiring Tax Credit Voucher Certificate. C. The Office of the City Manager has analyzed the cost to administer the program and the proposed fee does not exceed the estimated cost of service for which the fee is being levied. The Office calculates the staff time required to review the application and approve the certificate will cost the City, on average, $75 to process the paperwork. In addition, the California Department of Housing and Community Development charges the City $15 for every application submitted. As a result, the total charge for the fee will be $90 for each application processed. The review time will be within 25 working days from submittal. An additional fee of $50 will be charged to expedite reviewing the Voucher Application within 10 working days from submittal. D. On September 2, 2008, the City Council adopted Resolution No. 08-60, amending the City-wide Comprehensive Schedule of Fees. E. It is not the Council's intention to repeal previously adopted fees but to incorporate the LAMBRA Hiring Tax Credit Voucher Application fee into Resolution No. 08-60's Comprehensive Schedule of Fees. F. A Public Hearing regarding the LAMBRA Hiring Tax Credit Voucher Application Fee was held on October 18, 2011 in accordance with Section 65018 of the California Government Code, at which oral or written presentations could Resolution 11-73 Page 1 of 2 be made, as part of the regularly scheduled meeting and a Notice of the Public Nearing was published pursuant to Government Code Section 6062(a). II. The City Council hereby does resolve as follows: A. The LAMBRA Hiring Tax Credit Voucher Application fee is adopted and incorporated into Resolution No. 08-60's Comprehensive Schedule of Fees and shall be levied until further resolution of this Council. B. This Resolution shall be effective immediately upon adoption and the City Clerk shall certify to the adoption of this Resolution. PASSED AND ADOPTED by the City Council of the City of Tustin, at a regular meeting on the 18t" day of October, 2011. ATTEST: PAR~IELA STOKER, City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CITY OF TUSTIN ) I, Pamela Stoker, City Clerk and ex-officio Clerk of the City Council of the City of Tustin, California, do hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 11-73 was duly passed and adopted at a regular meeting of the Tustin City Council, held on the 18t" day of October, 2011, by the following vote: GOUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED COUNCILMEMBER ABSENT: Amante, Nielsen, Gomez, Murray (4) Gavello (1) None (U) None (0) ~~ PAMELA STOKER, City Clerk Resolution 11-73 Page 2 of 2