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RDA Resolution 1993-12 I, RESOLUTION NO. RA 93-12 RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY BOARD REVISING THE AGENCY'S POLICIES TO ENCOURAGE CONTRACTS EMPLOYING FIRMS AND INDIVIDUALS RESIDING IN THE PROJECT AREAS WHEREAS, the La *uinta Redev*opment 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 may give a preference to business concerns which are located in or 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; and WHEREAS, the Agency Board approved by Resolution 93-10 an initial policy to encourage contracts employing firms and individuals residing i*he project area; and WHEREAS, the Agency wishes to revise and clarify its original policy. NOW, THEREFORE, the Board of the La Quinta Redevelopment Agency does hereby find, determine, order and resolve as follows: Section 1. Resolution 93-10 is hereby amended and replaced as provided below. Section 2. Ml 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 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 3. 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 an amount equal to five percent 5%) of the v*ue of the applicable subcontractors estimated portion of the contract. BIB] 10-21-1997-U01 01:28:23PM-U01 ADMIN-U01 RDARES-U02 93-U02 12-U02 1 RESOLUTION NO. RA 93-12 Section 4. Separate and apart from the app ilcability 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 employment 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 two percent 2%) of the overall estimated labor cost for each project PASSED, APPROVED AND ADOPTED this 2nd day of November, 1993. AYES: Council Members Bangerter, Perkins, Sniff, Mayor Pena NOES: None ABSENT: McCartney ABSTAIN: None ATTEST: APPROVED AS TO FORM: Agency Counsel 2- BIB] 10-21-1997-U01 01:28:23PM-U01 ADMIN-U01 RDARES-U02 93-U02 12-U02