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RDA Resolution 1993-10 RESOLUTION NO. RA93 10 A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AC'*ENCY BOARD ADOPTING POLICIES TO ENCOURAGE CONTRACTS Employing **IRMS AND INDIVIDUALS RESIDING IN THE PROJECT AREAS. WHEREAS, the La Quinta Redevelopment Agency the *Agency'*) desires to encourage economic revitalization and job growth in the Agency project areas; and WHEREAS, pursuant to California Health and Safety Code Section 33422.1, the Agency * give a preference to business concerns which are located in * owned by persons residing in the project areas; and WHEREAS, pursuant to California Public Contract Code Sections 20688.2 and 20688.3 and Health and Safety Code Section 33422.3, the Agency may encourage and provide opportunities for training and employment to lower income residents of the project areas. NOW, THEREFORE, the Board of the La Quinta Redevelopment Agency does hereby find, determine, order and resolve as follows: Section 1. All contracts awarded by the Agency pursuant to Section 20688.1 of the California Public Contract Code shall give a preference to business concerns located in or owned in substantial part by persons residing in the project area for a minimum of six months prior to the award of the contract in an amount that would award the contracts to such firms whose total quotation or bid exceeds the lowest quotation or bid by not more than two percent 2%). Section 2. In the event that a contractor does not qualify under Section 1 above, but specifies subcontracting entities or individuals that meet the location of the business or ownership residency criteria set out above, then the Agency shall give a preference in the consideration of the award of the contract in the amount equal to five percent 5%) of the value of the applicable subcontractors estimated portion of the contract. Section 3. Separate and apart from the applicability of Sections 1 or 2 above, all contractors under contract pursuant to Public contract Code Section 20688.1 with the Agency shall receive a rebate credit for the documented e*ployment of lower-income project area residents as defined in Health and Safety Code Section 33422.3. The rebate credit shall equal thirty-three percent 33%) of the wages inclusive of benefits for the qualified lower income project area residents based on the certified payroll documentation up to a maximum amount of four percent 4%) of the overall estimated labor cost for each project. BIB] 10-21-1997-U01 11:05:11AM-U01 ADMIN-U01 RDARES-U02 93-U02 10-U02 RESOLUTION NO. RA 93-10 PASSED, APPROVED AND ADOPTED this 3rd day of August 1993. AYES: Members Bangerter, McCartney, Perkins, Sniff, Chairman Pena NOES: None ABSENT: None ABSTAIN: None La Quinta Redevelopment Agency APPROVED AS TO FORM: I- *. I DAWN HONEYWELL, *ounsel Stradling, Yocca, Carlson & Rauth BIB] 10-21-1997-U01 11:05:11AM-U01 ADMIN-U01 RDARES-U02 93-U02 10-U02