Loading...
HomeMy WebLinkAbout14 LAMBRA MCAS TUSTIN 10-21-96DATE: OCTOBER 21, 1996 ~ '~ / --~' 10-21-96 Inter-COrn TO: FROM' SUBJECT: WILLIAM A. HUSTON, CITY MANAGER COMMUNITY REDEVELOPMENT AGENCY LAMBRA DESIGNATION FOR MCAS TUSTIN RECOMMENDATION Authorize staff to submit an application to the State Trade and Commerce Agency for designation of MCAS Tustin as a LAMBRA through adoption of Resolution 96-109. FISCAL IMPACT No negative fiscal impact would occur from Council's action as recommended above. LAMBRA designations are similar to Enterprise Zones allowing communities to extend California tax credits to companies locating in a LAMBRA Zone. BACKGROUND/DISCUSSION Communities with military installations identified for downsizing or closure need to attract new business and private investment to compensate for lost jobs and revenues. One tool available to communities on a competitive basis is to acquire LAMBRA designation for the downsized or closing military installation. LAMBRA designations are similar to Enterprise Zones in that it allows local communities to extend California tax credits to companies locating in a LAMBRA Zone. These credits include: · A 15 year net operating loss carryover; · Tax credits for sales and use taxes paid; · Hiring credits for wages paid; and · Various business expense deductions. Participants enjoy a variety of long term benefits including: employment opportunities for area residents, a decreased unemployment rate, an increased tax base, the ability to competitively attract industry to the community which results in a benefit to the overall economic health of the entire community. Currently, only five LAMBRA designations (one per region) will be awarded throughout the state, with communities required to submit applications which are competitively reviewed by State Trade and Commerce Agency. Only two regions (Two and Five) have not yet had a community LAMBRA designation. To obtain LAMBRA designation for MCAS Tustin, the City of Tustin must compete against other communities affected by base closure or military downsizing as part of Region Five. Region Five consists of Los Angeles, Orange, Ventura, Santa Barbara, San Luis Obispo, and Kern Counties. Application rounds only occur once per year and the community must submit a preliminary application and be approved by the State Trade and Commerce Agency to move forward with a formal application submittal. At the conclusion of this year's preliminary application round, only the City of Tustin was approved to move forward with a formal application for Region Five. Assuming that the submittal of a'formal application meets the minimum standards required by the Trade and Commerce Agency, the City will not be competing against other applications and can assume that a LAMBRA designation will occur for MCAS Tustin. LAMBRA designation is binding for a period of eight years and cannot be conferred if there is an existing Enterprise Zone or another Incentive Area. Staff believes that the designation of a LAMBRA Zone upon the MCAS Tustin property will provide us a "leg up" over other communities in aggressively attracting business to the base and Tustin as a whole. Application for a LAMBRA includes specific local marketing commitments which may be performed by the City to entice businesses to the area. It is anticipated that these approaches would be necessary regardless of LAMBRA designation to encourage rapid economic development at the base, and that they pose no significant, unanticipated expense to the City. In the event that marketing obligations ever become burdensome, the City could opt to allow the LAMBRA designation to be revoked by the State Trade and Commerce Agency. At this time, however, staff recommends Council authorization for submittal of the formal application and appointment of the Assistant City Manager or her authorized representative as the agent to apply, approve, sign and execute any documents necessary for a LAMBRA application and its implementation. Resolution 96-109 has been prepared for Council action. regarding this matter. o Staff will be available to answer any questions Dana Ogdon ~ Senior Planner DO:do:ccrcport.lambra.do 1 RESOLUTION NO. 96-109 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, AUTHORIZING THE APPLICATION FOR TRADE AND COMMERCE DESIGNATION OF A LAMBRA FOR MARINE CORPS AIR STATION, TUSTIN The City Council of the City of Tustin, California, DOES HEREBY RESOLVE as follows: I. The City Council finds and determines as follows: a. In 1993 the California Trade and Commerce Agency created the Local Agency Military Base Recovery Area (LAMBRA) legislation (AB 693) to stimulate job creation in areas experiencing military base down- sizing and closure; and LAMBRA designations are similar to Enterprise Zones allowing communities to extend California tax credits to companies locating in a LAMBRA Zone, which is anticipated to encourage and facilitate early reuse and economic development of closing military installations; and C , Participating communities will enjoy a variety of long term benefits including employment opportunities for area residents, a decreased unemployment rate, and increased tax base, and the ability to attract industry to the site; and D o The designation of a LAMBRA is a competitive process and limited to only one base-closure affected community in the Orange County/Los Angeles County region; and E , The redevelopment of MCAS Tustin and the community of Tustin would be greatly benefitted through the advantages of LAMBRA designation; and F . MCAS Tustin is scheduled for closure as a BRAC II and BRAC III closure; and G, LAMBRA designation is necessary to attract private sector investment to the site; and H o No portion of the application area is included within an Enterprise Zone or other Economic Incentive Area designated by the state 10 11 12 13 14 15 16 17 18 19 2O 21 22 23 24 25 26 27 28 Resolution No. 96-109 Page 2 II. The City Council does hereby take the following actions in support of creation of a LAMBRA designation: 1. Approves the filing of an application for California Trade and Commerce Agency designation of a LAMBRA for MCAS Tustin; and 2. Commits to the preparation of a joint EIR/EIS on the MCAS-Tustin Reuse Plan pursuant to the California Environmental Quality Act (CEQA); and' 3. Agrees to complete all actions stated within the LAMBRA application related to marketing approach, proposed incentives, etc., and recognizes that failure to perform these actions could result in the automatic revocation of the LAMBRA designation; and 4. Appoints the Assistant City Manager or her authorized representative as the agent to apply, approve, sign and execute in the name of the City of Tustin any documents necessary for applying for funding under the CalifOrnia Trade and Commerce Agency's LAMBRA Program and for entering into an agreement, including any amendments thereto, with the Trade and Commerce Agency in the event that a LAMBRA designation is awarded under that program. 10 11 12 13 14 15 16 17 18 19 2O 21 22 23 24 25 26 27 28 Resolution No. 96-109 Page 3 PASSED AND ADOPTED at a~ regular meeting of the City Council held on the 21st day of October, 1996. Tracy Wills Worley Mayor Pamela Stoker City Clerk STATE OF CALIFORNIA ) COUNTY OF ORANGE ) 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. 96-109 was duly passed and adopted at a regular meeting of the Tustin City Council, held on the 21st day of October, 1996, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: PAMELA STOKER CITY CLERK DO:do\96-109 .res