agenda city of watsonville city council/redevelopment agency meeting

CITY COUNCIL 8.2 (f)
RESOLUTION NO. __________ (RA)
RESOLUTION NO. __________ (CM)
A JOINT RESOLUTION OF THE REDEVELOPMENT AGENCY AND CITY
COUNCIL OF THE CITY OF WATSONVILLE APPROVING MEMORANDUM
OF UNDERSTANDING FOR THE CALIFORNIA SUNSHINE REGIONAL
CENTER (CSRC) IN ORDER FOR THE CITY OF WATSONVILLE TO BE
ELIGIBLE FOR INVESTMENT FROM THE EB-5 VISA INVESTMENT
PROGRAM AND AUTHORIZING AND DIRECTING THE EXECUTIVE
DIRECTOR TO EXECUTE SAME
BE IT RESOLVED BY THE REDEVELOPMENT AGENCY/CITY COUNCIL OF
THE CITY OF WATSONVILLE, CALIFORNIA, AS FOLLOWS:
1. That the Memorandum of Understanding with the California Sunshine
Regional Center (CSRC) in order for the City of Watsonville to be eligible for investment
from the EB-5 Visa Investment Program, a copy of which is attached hereto and
incorporated herein by this reference, is fair and equitable and is hereby ratified and
approved.
2. That the Executive Director/City Manager be and is hereby authorized and
directed to execute Memorandum of Understanding for and on behalf of the Agency/City
of Watsonville.
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Reso No. (CM)
Q:\COUNCIL\2011\061411\MOU with EB5 Visa Program.docx
ri 6/9/2011 6:27:39 PM
AJS ______ CJP ______ RAHD ______
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