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REL: adg-14 10/30/86 ORDINANCE NO. NS-1877 AN ORDINANCE OF THE CITY OF SANTA ANA IMPOSING LIMITS ON THE CENTRAL CITY REDEVELOPMENT PROJECT : WHEREAS, the City Council of the City of Santa Ana, by its Ordinance No. NS-1173, dated July 2, 1973, adopted a Redevelopment Plan for the City of Santa Ana Redevelopmen{ Project (hereinafter referred to as the "Central City Re- development Project"); and WHEREAS, said Redevelopment Plan was amended by Ordinance No. NS-1258-,. dated June 2, 1975; and WHEREAS, said Redevelopment Plan, as amended, expires pursuant to its terms thirty-five (35) years after the date of its adoption, which date is July 2, 2008; and WHEREAS, said Redevelopment Plan contains the provisions for tax increment financing in accordance with California Health and Safety Code section 33670; and WHEREAS, said Redevelopment Plan does not contain the limitations set forth in California Health and Safety Code section 33333.2 for the reason that the said plan was adopted prior to the enactment of said section; and WHEREAS, the Legislature of the State of California, by its 1985 Statutes, Chapter 639, adding section 33333.4 to the California Health and Safety Code, has required every legislative body which adopted a redevelopment pla9 that does not contain the limitations set forth in section 33333.2 to adopt an ordinance containing said limitations; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES ORDAIN AS FOLLOWS: SECTION 1: The number of dollars of taxes which may be divided and allocated to the Community Redevelopment Agency of the City of Santa Ana pursuant to the Redevelopment Plan for the Central City Redevelopment Project shall not exceed $3,000,000,000.