RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RIVERSIDE, CALIFORNIA, AUTHORIZING STAFF TO ESTABLISH A CAPITAL INVESTMENT PROGRAM.
WHEREAS, the California State Legislature has established the California Capital Investment Incentive Program (“CIIP”) by enacting California Government Code Section 51298 et seq (the “CIIP Code”) to provide local governments with opportunities to attract large manufacturing facilities to invest in their communities and to encourage aerospace, high technology, automotive, biotechnology, software, and other industries to locate and invest in those facilities in California; and WHEREAS, companies interested in the CIIP must file a written request with the City of Riverside (“City”) for the payment of a capital investment incentive amount for the manufacturing facility for up to fifteen (15) consecutive fiscal years (the “Written Request”); and WHEREAS, in accordance with the requirements of the CIIP Code, companies requesting the incentive must enter into a Community Services Agreement with the City that includes a job creation plan for the manufacturing facility and recapture provisions by the City of community investment incentive payments in the event the manufacturing facility is not operated as required by the Community Services Agreement and the CIIP Code; and WHEREAS, the CIIP provides an opportunity to companies meeting State mandated criteria to receive some assistance with their property tax; and WHEREAS, the City Council of the City of Riverside is the elected governing body of the City; and WHEREAS, to establish a capital investment incentive program, the CIIP Code requires the City of Riverside to first adopt a resolution approved by a majority of its governing body electing to establish the program; and WHEREAS, the City Council of the City of Riverside desires to establish a Capital Investment Incentive Program pursuant to the CIIP Code and to authorize Community & Economic Development Department staff to develop program guidelines to offer the incentive to qualified businesses, subject to approval by the City Attorney’s Office.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Riverside, California, as follows:
Section 1: The Recitals set forth above are true and correct and incorporated herein by this reference.
Section 2: The City Council of the City of Riverside hereby elects and authorizes staff to establish a Capital Investment Incentive Program for the City subject to and in accordance with California Government Code Section 51298 et seq.
Section 3: The City Council of the City of Riverside hereby authorizes and directs the City Manager, or his/her designee, to notify the Governor’s Office of Business and Economic Development, (i) on or before June 30, 2027, of the passage of this Resolution electing to establish the Community Investment Incentive Program, and (ii) on or before June 30 of each fiscal year in which a capital incentive payment is made pursuant to this Resolution, the amount of any such payment and to whom such payment is made.
Section 4: The City Council of the City of Riverside further authorizes and directs Community & Economic Development Department staff to develop program guidelines and procedures to offer the incentive to qualified businesses, subject to approval by the City Attorney’s Office, to be presented to the City Council of the City of Riverside at a later date for consideration.
Section 5: No approval of any incentive under the CIIP Program is implied by the adoption of this resolution.
Section 6: This resolution shall take effect immediately upon its adoption by the City Council of the City of Riverside, and the City Clerk of the City of Riverside shall certify the vote adopting this resolution. / /
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ADOPTED by the City Council this _________ day of _____________, 2026. ___________________________________________
PATRICIA LOCK DAWSON
Mayor of the City of Riverside
Attest:
_____________________________
DONESIA GAUSE
City Clerk of the City of Riverside
I, Donesia Gause, City Clerk of the City of Riverside, California, hereby certify that the foregoing resolution was duly and regularly adopted at a meeting of the City Council on the ______ day of __________________, 2026, by the following vote, to wit:
Ayes:
Noes:
Absent:
Abstain:
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Riverside, California, this ______ day of ___________________, 2026. _________________________________
DONESIA GAUSE
City Clerk of the City of Riverside
314829 ALB/jv 07/23/26
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2 City Attorney’s Office3750 University Ave., STE. 250Riverside, CA 92501(951) 826-5567City Attorney’s Office3750 University Ave., STE. 250Riverside, CA 92501(951) 826-5567 City Attorney’s Office
3750 University Ave., STE. 250
Riverside, CA 92501
(951) 826-5567
City Attorney’s Office
3750 University Ave., STE. 250
Riverside, CA 92501
(951) 826-5567
City Attorney’s Office3750 University Ave., STE. 250Riverside, CA 92501(951) 826-5567City Attorney’s Office3750 University Ave., STE. 250Riverside, CA 92501(951) 826-5567 City Attorney’s Office
3750 University Ave., STE. 250
Riverside, CA 92501
(951) 826-5567
City Attorney’s Office
3750 University Ave., STE. 250
Riverside, CA 92501
(951) 826-5567
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