City of Cerritos 2010 Most Business Friendly City

Torrey Contreras, ASLA, Director of Community Development City of Cerritos: 2010 Most Business Friendly City Regional Location

Los Angeles

Cerritos

Regional Business District Orange County

International Airport City of Cerritos: 2010 Most Business Friendly City Mixed Land Uses

City of Cerritos: 2010 Most Business Friendly City Background Information

• Total Population: 49,041 • Main Employment Sector: Retail • Total Cerritos Jobs: 36,000 • Top Employers in Cerritos: • Mall (3,200 jobs) • (2,000 jobs) • United Postal Service (1,700 jobs) • ABC Unified School District (1,300 jobs)

City of Cerritos: 2010 Most Business Friendly City Redevelopment Project Areas

City of Cerritos: 2010 Most Business Friendly City Tax Increment Revenue

Total Tax Increment Revenue

$35,000,000 $33,711,139 $34,000,000 $32,454,062 $33,000,000 $32,000,000 $31,362,844 $31,000,000 $30,000,000 $29,860,652 $29,163,729 $29,000,000 $28,000,000 $27,000,000 $26,000,000 2006 2007 2008 2009 2010

• 2010 Tax Increment Revenue: $31,362,844

City of Cerritos: 2010 Most Business Friendly City Cerritos Auto Square

City of Cerritos: 2010 Most Business Friendly City Cerritos Auto Square

City of Cerritos: 2010 Most Business Friendly City

City of Cerritos: 2010 Most Business Friendly City Cerritos Towne Center Infrastructure

City of Cerritos: 2010 Most Business Friendly City Cerritos Towne Center Today

City of Cerritos: 2010 Most Business Friendly City Cerritos Taxes and Fees Sales Tax • 2010 sales tax revenue: $19.9 million • Ranked #54 out of #538 cities • Major generators of sales tax: • Cerritos Auto Square • Los Cerritos Center • Cerritos Industrial Park • Cerritos Towne Center • Transient Occupancy Tax: 6%

City of Cerritos: 2010 Most Business Friendly City Business Fees/Taxes • Low Business License Fees • Low Entitlement Fees • No/Low Property Taxes • Businesses not assessed a separate property tax • No Utility User Tax • No Library Assessment Fee • No Street Lighting Assessment Fee • No Impact Fees

City of Cerritos: 2010 Most Business Friendly City Economic Development Economic Development Commission • Appointed by City Council • Comprised of Cerritos residents & business owners • Advisory Body to City Council • Democratic process • Public Hearings • Responsibilities Include: • Oversee the implementation of the Economic Development Strategic Plan • Provide input on business retention and expansion • Assist with business marketing issues and technology related issues

City of Cerritos: 2010 Most Business Friendly City Recent and Future Projects Los Cerritos Center Expansion Nordstrom City of Cerritos: 2010 Most Business Friendly City M.A.C. Cosmetics True Religion Love Culture Jeans

Carlton Hair Apple Inc. Foreign Exchange Los Cerritos Center Expansion Multi-Tenant Commercial City of Cerritos: 2010 Most Business Friendly City Los Cerritos Center Expansion Forever 21 City of Cerritos: 2010 Most Business Friendly City Los Cerritos Center Expansion Lazy Dog Cafe

City of Cerritos: 2010 Most Business Friendly City Cerritos Towne Center Five-Story Office Building City of Cerritos: 2010 Most Business Friendly City Cerritos Auto Square Dealership City of Cerritos: 2010 Most Business Friendly City Cerritos Auto Square Dealership City of Cerritos: 2010 Most Business Friendly City Buffalo Wild Wings

City of Cerritos: 2010 Most Business Friendly City Stacked Restaurant

City of Cerritos: 2010 Most Business Friendly City Expansion Project

City of Cerritos: 2010 Most Business Friendly City Marriot Residence Inn Hotel

City of Cerritos: 2010 Most Business Friendly City END OF PRESENTATION

City of Cerritos: 2010 Most Business Friendly City