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.ORDINANCE NO. NS-1224 PAGE TWO WHEREAS, said moratorium may be rescinded if the results of the aforedescribed studies are known prior to the termination of said thirty day moratorium, and upon that the finding that the allowance of new buildings and additions to buildings within said aforedescribed location would not jeopardize plans developed from said studies for said location; and WHEREAS, for the above reasons, there exists an urgent necessity that the issuance of building permits for new buildings and additions to buildings within said location be suspended for a reasonable period of time within which said studies may be conducted in order to make a determination for the best use of the property within said location. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES ORDAIN AS FOLLOWS: SECTION 1: The City Council of the City of Santa Ana finds and determines that it is in the interest of the public necessity, 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 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. SECTION 2: The Department of Building Safety of the City of Santa Ana shall not issue any building permits for additions to buildings and new buildings within that portion of the Santa Ana 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, for a period to terminate thirty (30) days from the initial effective date of this ordinance. SECTION 3: This ordinance shall take effect as an urgency measure immediately upon its adoption. The City Council declares that it is necessary to the public peace, health, safety and welfare that this ordinance be adopted as an urgency measure. The facts constituting the emergency are: the Co~%munity Redevel- opment Agency of the City of Santa Ana is currently committed to a minimum of $25,000 for its share of the feasibility study jointly financed by the Community Redevelopment Agency ~nd the Orange County Transit District for the location of a multi-modal transportation terminal in that portion of the Community Redevel- opment 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 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 the Community Redevelopment Agency of the City of Santa Aha is also spending $38,000 in addi- tional planning and economic studies for the entire Community Redevelopment Project Area, and both the planning studies and economic studies are being coordinated with the transportation corridor and multi-modal transportation terminal site study, and