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ORDINANCE NO. NS-1224 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA ANA PROHIBITING THE ISSUANCE OF BUILDING PERMITS FOR NEW BUILDINGS AND ADDI- TIONS TO BUILDINGS WITHIN THAT PORTION OF THE REDEVELOPMENT PROJECT AREA OF THE SANTA ANA COMMUNITY REDEVELOPMENT AGENCY BOUNDED BY MAIN STREET ON THE EAST, ROSS STREET ON THE WEST, FIFTH STREET ON THE SOUTH, AND SANTA ANA BOULEVARD ON THE NORTH, FOR A PERIOD OF THIRTY DAYS TO ALLOW THE COMPLETION OF A JOINT REDEV- ELOPMENT AGENCY AND ORANGE COUNTY TRANSIT DISTRICT FEASIBILITY STUDY IN SAID LOCATION FOR A MULTI- MODAL TRANSPORTATIGN TERMINAL FOR ORANGE COUNTY WHEREAS, the Community Redevelopment Agency of the City of Santa Ana is currently committed to a minimum of $25,000 dollars of its share of a feasibility study jointly financed by the Community Redevelopment Agency and the Orange County Transit District for the location of a multi-modal transportation term- inal in that portion of the Community Redevelopment Project Area bounded by Main Street on the east, Ross Street on the west, Fifth Street on the south, and Santa Ana Boulevard on the north; and WHEREAS, new buildings and additions to buildings in said location could adversely affect the feasibility of the site for a multi-modal transportation terminal by making the site more costly to acquire; and WHEREAS, the Community Redevelopment Agency of the City of Santa Ana is also spending $38,000 in additional planning and economic studies for the entire Community Redevelopment Project Area; and WHEREAS, both the planning studies and economic studies are being coordinated with the transportation corridor and multi- modal transportation terminal site studies; and WHEREAS, new buildings and additions to building within said location would require additional cost for the revision of the transportation terminal feasibility study, the planning studies and economic studies; and WHEREAS, the expenditure of additional money for the revision of plans as a result of said study would create an unnecessary expenditure of public funds, which may be avoided by the adoption of a moratorium on the issuance of building permits within said location; and WHEREAS, the City Council desires that the status quo be preserved within said location pending the outcome of the various studies being conducted in the Redevelopment Project Area for which the Santa Ana Community Redevelopment Agency is obligated to pay; and WHEREAS, it would be in the interest of the public nec- essity, convenience, and the general welfare that a moratorium be imposed, on the issuance of building permits for new buildings and additions to buildings within that portion of the Redevelop- ment Project Area bounded by Main Street on the east, Ross Street on the west, Fifth Street on the south, and Santa Ana Boulevard on the north; and