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Resolution No. 6925 377 RESOLUTION NO. 6925 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS FINDING THAT THE PUBLIC PURPOSE WOULD BE SERVED BY THE DONATION OF FUNDS TO ASSIST ELIGIBLE CITY OF CYPRESS BUSINESSES AND APPROVING THE DONATIONS THERETO WHEREAS, the City Council of the City of Cypress held a workshop on November 22, 2021, to discuss providing assistance for local businesses to fund business recovery efforts, which are consistent with the City's strategic plan goals; WHEREAS, consistent with City Council direction, the City's Economic Development Subcommittee met in February 2023 to discuss specifically how to stimulate economic activity locally and reached consensus on recommending a total amount to be donated pursuant to the Development Fee Refund Program of$150,000; WHEREAS, the Development Fee Refund Program assists businesses that missed all COVID support programs and paid development fees to the City from January 1, 2021, through May 31, 2021. Approximately 70 businesses were identified, with fees for planning, building, and/or water quality compliance, which fees ranged between $100 to $7,000, totaling approximately $150,000; WHEREAS, the City Council finds that the aforementioned donations to Cypress businesses serves an additional important public purpose by assisting members of the Cypress business community and their employees address impacts resulting from the Coronavirus Pandemic and have lagged in recovering from such impacts, which incentives will, in turn, provide an benefit to City revenues by assuring the support of local economic activity; NOW, THEREFORE, the City Council of the City of Cypress, California, resolves, determines and orders as follows: 1. That the City Council finds the above recitals true and correct. 2. That the City Council hereby finds that one-time donations of funds as part of the Development Fee Refund Program benefits the Cypress business community and its employees and thus serves the public purposes identified in the above recitals. 3. That the City Council hereby approves the aforementioned donations to Cypress businesses that meet the criteria of the above programs, as such criteria in in the specific amounts as shall be identified and further established by the City Manager or his designee consistent with the description of the Development Fee Refund Program. 4. That the City Clerk shall certify the adoption of this Resolution. PASSED, APPROVED AND ADOPTED by the City Council of the City of Cypress at a regular meeting held on the 10th day of April, 2023. 11V-11e4:?1-414 MAYOR OFE CITY OF CYPRESS ATTEST: CITY CLE K OF THE CI Y OF CYPRESS 378 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS I, Alisha Farnell, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said City Council held on the 10th day of April, 2023, by the following roll call vote: AYES: 4 COUNCIL MEMBERS: Burke, Marquez, Peat and Hertz-Mallari NOES: 0 COUNCIL MEMBERS: None ABSENT: 1 COUNCIL MEMBERS: Minikus Ati iAlk JU CITY CLERK OF TH CITY OF CYPRESS