HomeMy WebLinkAbout2014-052 - Insupport of Assembly Bill 199908/27/14 SRC
RESOLUTION NO. 2014 -052
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA
INSUPPORT OF ASSEMBLY BILL 1999 (ATKINS), THE CALIFORNIA
ECONOMIC DEVELOPMENT AND HISTORIC PRESERVATION TAX
CREDIT ACT
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS
FOLLOWS:
WHEREAS, the California Economic Development and Historic
Preservation Tax Credit Act, Assembly Bill 1999 (Atkins), would establish an
incentive for economic development through the rehabilitation of historic
buildings, and
WHEREAS, currently, the 20% Federal Historic Preservation Tax
Incentives program, available to California's income - producing historic
properties, has generated nearly $1.5 billion dollars in investment during the last
10 years; and
WHEREAS, the Assembly Bill would provide a state income tax credit
equal to 25% of approved expenses on rehabilitation of structures listed in the
National Register of Historic Places or the California Register of Historical
Resources, both income - producing and non - income producing buildings, which
could be used together with the 20% federal credit or separately, depending on
the project and specific regulations, along with a 5% additional credit that would
apply for projects containing a majority of low- income housing units, involving
surplus government properties, or located in economically distressed areas,
Base Realignment and Closure Act zones or Transit - Oriented Development
areas: and
WHEREAS, the projects will stimulate public and private investment,
rehabilitation expenditures must meet specific criteria, to be screened by the
California Governor's Office of Business and Economic Development ( "Go Biz ")
to demonstrate return on investment to the state; and
WHEREAS, the Assembly Bill will incentivize economic development and
create construction and building industry jobs, enhance state tax revenues
through economic activity, increase local revenues through increased property
values, sales tax, and heritage tourism, stimulate the economy and sustainable
development, and preserve the rich heritage of California communities; and
WHEREAS, the Assembly Bill could be combined with other tax credits
and incentives to leverage additional funding, including federal tax incentives and
housing credits, to bring historic buildings up to code, increase energy efficiency,
Resolution No. 2014 -052
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and provide for adaptive reuse while preserving the building's historic features, to
use affordable housing credits to help low- income tenants with housing costs,
and incentivize existing property owners in historic districts to rehabilitate their
properties; and
WHEREAS, similar incentives are used in more than 30 states to pay for
initial rehabilitation costs; and
WHEREAS, the California program would be a powerful tool to assist
economically depressed urban areas with continued economic development in
light of diminishing redevelopment dollars, while stimulating public and private
investment, and celebrating and preserving California's heritage;
WHEREAS, the Assembly Bill is supported by the California Preservation
foundation, California Chapter of the American Institute of Architects, leading
preservation organizations, property owners, developers, affordable housing
advocates and builders;
WHEREAS, there are over 600 historic properties in Santa Ana,
California, including individual historic properties on the City's Historical Register,
and those within the three national register historic districts that could benefit
greatly from these incentives;
NOW, THEREFORE, BE IT RESOLVED,
Section 1. The City Council of the City of Santa Ana hereby proclaims its support
for the passage of AB 1999, the California Economic Development and Historic
Preservation Tax Credit Act.
Section 2. This Resolution shall take effect immediately upon its adoption by the
City Council, and the Clerk of the Council shall attest to and certify the vote
adopting this Resolution.
ADOPTED this 2 "d day of Septemb(
Resolution No. 2014 -052
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APPROVED AS TO FORM:
Sonia R. Carvalho, City Attorney
0
a R. Car
Attorney
08/27/14 SRC
AYES: Councilmembers: Amezcua, Benavides, Martinez, Pulido, Reyna,
Sarmiento, Tinaiero (7)
NOES: Councilmembers: None (0)
ABSTAIN: Councilmembers:
NOT PRESENT: Councilmembers:
CERTIFICATION OF ATTESTATION AND ORIGINALITY
I, Maria D. Huizar, Clerk of Council, do hereby attest to and certify the attached
Resolution No.2014 -052 to be the original resolution adopted by the City Council
of the City of Santa Ana on September 2, 2014.
Date: ��� Lcvy
The Clerk of Council
City of Santa Ana
Resolution No. 2014 -052
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