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ORDINANCE NO. NS-1639 PAGE FIVE will afford the maximum opportunity, consistent with the sound needs of the City of Santa Ana as a whole, for the redevelopment of such area by private enterprise. (1) The Redevelopment Plan contains adequate safeguards so that the work of redevelopment will be carried out pursuant to the Redevelopment Plan, and it provides for the retention of controls and the establishment of restric- tions and covenants running with the land sold or leased for private use for periods of time and under conditions spe- cified in the Redevelopment Plan, which this Council deems necessary to effectuate the purposes of the Community Re- development Law. SECTION 3: The City Council is satisfied that permanent housing facilities will be available within three (3) years from the time occupants of the Project Area are displaced, if any, and that pending the development of such facilities there will be available to any such displaced occupants temporary housing facilities at rents comparable to those in the City of Santa Ana at the time of their dis- placement. No persons or families of low and moderate in- come shall be displaced from residences unless and until there is a suitable housing unit available and ready for occupancy by such displaced persons or families at rents comparable to those at the time of their displacement. Such housing units shall be suitable to the needs of such dis- placed persons or families and must be decent, safe, sani- tary and otherwise standard dwellings. The Agency shall not displace any such persons or families until such housing units are available and ready for occupancy. SECTION 4: The City Council is convinced that the effect of tax increment financing will not cause a severe financial burden or detriment on any taxing agency deriving revenues from the Project Area. SECTION 5: Written objections to the Redevelop- ment Plan filed with the Clerk of the Council before the hour set for hearing and all oral objections presented to the City Council at the hearing having been considered are hereby overruled. SECTION 6: That certain document entitled "Rede- velopment Plan for the Santa Ana South Main Street Rede- velopment Project," the map contained therein and such other reports as are incorporated therein by reference, a copy of which is on file in the office of the Agency, and the office