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293 <br /> <br />RESOLUTION NO. 89- 55 <br /> <br />REL:mb(6A) <br />3/21/89 <br />Rev. 6/26/89 <br /> <br />A RESOLUTION OF THE CITY COUNCIL <br />OF THE CITY OF SANTA ANA ESTAB- <br />LISHING TRANSPORTATION SYSTEM IM- <br />PROVEMENT PROGRAM AREA A-1 AND <br />SETTING DEVELOPMENT FEES THEREFOR. <br /> <br /> WHEREAS, section 8-44 of the Santa Ana Municipal Code <br />("SAMC") establishes the authority for the City Council to create <br />Transportation System Improvement Program ("TSIP") Areas and to <br />establish fees on development in such areas to pay for transporta- <br />tion system improvements located in or benefitting such areas; and <br /> <br /> WHEREAS, the City Council by previously adopted resolu- <br />tions, has established TSIP Areas A through F in the City of <br />Santa Aha; and <br /> <br /> WHEREAS, the City of Santa Ana has entered into a joint <br />powers agreement with the City of Orange to form a joint powers <br />agency entitled the "Transportation System Improvement Authority" <br />to administer the expenditure of transportation system improvement <br />fees collected from a "TSIP Area," consisting of a portion of <br />TSIP Area A in the City of Santa Ana and a similar specified area <br />of the City of Orange, for the benefit of said TSIP Area as a <br />whole; and <br /> <br /> WHEREAS, that portion of TSIP Area A which is included <br />within the jurisdiction of the Transportation System Improvement <br />Authority is identified in Exhibit A, attached hereto and incor- <br />porated herein, and is hereinafter referred to as "Area A-l;" and <br /> <br /> WHEREAS, the said Transportation System Improvement <br />Authority has determined that, in order to obtain sufficient funds <br />for the construction of adequate transportation system improve- <br />ments located within or benefitting the TSIP Area, development fees <br />for transportation system improvements need to be increased to <br />a level of $4.55 per square foot of development throughout the <br />TSIP Area; and <br /> <br /> WHEREAS, included within Area A-1 is that certain pro- <br />perty (hereinafter referred to as the "Mainplace Site") which <br />is the subject of a Participation Agreement, dated May 15, 1984, <br />between the Community Redevelopment Agency of the City of Santa <br />Ana ("Agency") and Santa Ana Venture ("Venture"), and which is <br />specifically described therein; and <br /> <br /> WHEREAS, in conjunction with the development of the <br />Mainplace Site, Agency and Venture have expended funds in excess <br />of the transportation improvement system development fee for <br />transportation system improvements benefitting the TSIP Area to <br />the extent that it is fair and reasonable to allow further develop- <br /> <br /> <br />