Report to Mayor and City Council
Wednesday, March 06, 2024
Discussion
SUBJECT:
Title
CONSIDER INTRODUCTION AND FIRST READING, BY TITLE ONLY, OF ORDINANCE NO. 24-2404, AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CARSON, CALIFORNIA, ADDING A NEW CHAPTER 3 (ECONOMIC DEVELOPMENT) TO ARTICLE X OF THE CARSON MUNICIPAL CODE SPECIFICALLY AUTHORIZING CITY TO ENTER INTO AGREEMENTS FOR ECONOMIC DEVELOPMENT ACTIVITIES (CITY COUNCIL)
Body
I. SUMMARY
The City of Carson Charter, Section 206, authorizes a comprehensive set of economic development incentives and programs to promote development given the unique environmental constraints in the City of Carson, to create jobs and to preserve the sound fiscal basis of the City. Section 206 also provides that it is a significant goal of the Charter to allow the City to pursue economic development to the maximum degree permitted by the California Constitution, for purposes of eliminating blight, encouraging private investment, providing public infrastructure, and causing the development and redevelopment of property. The City's Charter powers further include the authority for City to loan, grant, fund, or finance private projects which will provide public benefit and protect the public health, safety, and welfare of the community, in a manner to promote the economic development objectives set forth in Section 206 of the Charter.
Additionally, Government Code Section 53083 authorizes the City to provide financial incentives of $100,000 or more to businesses to promote economic activity within the City's jurisdiction, including, but not limited to, bonds, grants, loans, loan guarantees, enterprise zone or empowerment zone incentives, fee waivers, land price subsidies, matching funds, tax abatements, tax exemptions, and tax credits, provided that certain procedures set out thereunder are satisfied.
Section 206 of the Charter states that the City may adopt a comprehensive ordinance with measures to carry out the above provision...
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