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HomeMy WebLinkAboutResolution 2022-055 Extending the Marana Job Creation Incentive Program for Ten Additional Years MARANA RESOLUTION NO. 2022-055 RELATING TO ECONOMIC DEVELOPMENT; EXTENDING THE MARANA JOB CREATION INCENTIVE PROGRAM FOR TEN ADDITIONAL YEARS WHEREAS A.R.S. § 9-500.11 authorizes the Town to make expenditures in support of economic development; and WHEREAS the Mayor and Council originally adopted the Marana Job Creation Incentive Program (MJCIP) on May 4, 2010 by the adoption of Resolution No. 2010-044; and WHEREAS the Mayor and Council expanded and extended the MJCIP on November 7, 2012 by the adoption of Resolution No. 2012-087; and WHEREAS the Mayor and Council further expanded and extended the MJCIP on April 4, 2017 by the adoption of Resolution No. 2017-029; and WHEREAS the Mayor and Council further expanded the MJCIP on April 20, 2021 by the adoption of Resolution No. 2021-052; and WHEREAS the MJCIP was scheduled to sunset in April 2022 in accordance with Section 1 of Resolution No. 2017-029; and WHEREAS the Mayor and Council find that extension of the Marana Job Creation Incentive Program is appropriate and prudent to address a continuing need to attract job growth and private investment in the town limits; and WHEREAS the Mayor and Council find that, as extended pursuant to this resolution, the Marana Job Creation Incentive Program will generate more direct and indirect revenue than the cost of the program. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA, AS FOLLOWS: SECTION 1. The Marana Job Creation Incentive Program is hereby extended retroactively from April 4, 2022 for a period of ten years through April 4, 2032. SECTION 2. Except as modified by this resolution and by Resolution No. 2017-029 and Resolution No. 2021-052, the Marana Job Creation Incentive Program adopted by Marana Resolution No. 2012-087 shall remain in full force and effect. 00081202.DOCX/1 Marana Resolution No.2022-055 - 1 - PASSED AND ADOPTED BY THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA, this 7th day of June 2022. t4/ Mayor Ed Honea ATTE 0 /0 APPROVED AS TO FORM: 4. Che L . son, Town Clerk J. - aira7Town Attorney -G� MARANA AZ ESTABLISHED 1977 00081202.DOCX/1 Marana Resolution No.2022-055 - 2 -