Section 52200.
52200. It is the intent of the Legislature to do all of the following: (a) Promote economic development on a local level so that communities can enact local strategies to increase jobs, create economic opportunity, and generate tax revenue for all levels of government. (b) Give local governments tools, at no cost to the state, that allow […]
Section 52200.2.
52200.2. As used in this part, “economic opportunity” means any of the following: (a) Development agreements, loan agreements, sale agreements, lease agreements, or other agreements that create, retain, or expand new jobs, in which the legislative body finds that the agreement will create or retain at least one full-time equivalent, permanent job for every thirty-five thousand […]
Section 52200.4.
52200.4. It is declared to be the policy of the state: (a) To protect and promote the sound development of economic opportunity in cities and counties and the general welfare of the inhabitants of those communities through the employment of all appropriate means. (b) That whenever the creation of economic opportunity in cities and counties cannot be […]
Section 52200.6.
52200.6. (a) (1) This part shall not be interpreted to authorize the use of eminent domain for economic development purposes. (2) For the purposes of this part, a city, county, or city and county shall not sell, lease, or otherwise transfer, at a price that is less than the fair market value, any real property that was acquired […]
Section 52201.
52201. (a) (1) A city, county, or city and county may acquire property in furtherance of the creation of an economic opportunity. A city, county, or city and county may sell or lease property to create an economic opportunity. The acquisition, sale, or lease shall first be approved by the legislative body by resolution after a public […]
Section 52202.
52202. (a) A city, county, or city and county may loan funds to owners or tenants for the purpose of rehabilitating commercial buildings or structures. The loan shall be in the form of a written loan agreement that includes a payment schedule, the terms for interest calculation, the rights and remedies of the parties in case […]
Section 52203.
52203. (a) As part of an agreement that provides for the development or rehabilitation of property that will be used for industrial or manufacturing purposes, a city, county, or city and county may assist with the financing of facilities or capital equipment, including, but not necessarily limited to, pollution control devices. (b) Prior to entering into an […]