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<br />Central City Redevelopment ProJeèt
<br />
<br />Centrsl City Redevelopment Project was adopted on July 2, 1973, by Ordinance No. NS-
<br />1173. The Central City Redevelopment Plan was first amended on June 2, 1975, by
<br />Ordinance No. NS-1258 to restate the plan and amend certain provisions, including
<br />adding territory to the existing project area, simplifying land use standards, snd
<br />establishing a plan effectiveness limn of 30 years (Iatar extended to 40 years), The
<br />second amendment adoptad by Ordinance No. NS-1877 on December 1, 1986, in
<br />accordance wnh SB 690 established a tax Increment limit ($3,000,000,000), established
<br />a time limit on Incurring debt (July 2, 2008) and established a limit on Initiating eminent
<br />domain proceedings by 12 years (December 1,1966), The third amendment adopted by
<br />Ordinance No. NS-2234 on October 3, 1994 amended the plan to reduce the time limit
<br />on Incurring debt (January 1, 2004) and establishes a limit for the receipt of tax
<br />Increment/repayment of debt (July 2,2018), The fourth amendment adopted on May 6,
<br />1996 by Ordinance No. NS-2290 extended the Agency's eminent domain authority within
<br />the project area by 12 years until May 6,2008. The fjfth amendment to the
<br />redevelopment plan adopted by Ordinance NO. NS-2396 on August 2, 1999, extended
<br />plan effectiveness limit by ten years (July 2,2013) and the limit on receipt of tax
<br />increment/repaYment of debt by five years (July 2, 2023) to the maximum permitted by
<br />Assembly Bill 1290 ("AS 1290") as permitted by Assembly Bill 1342 ("AS 1342"). The
<br />proposed Merger amendment will be Ihe sixth amendment to the Central City
<br />Redevelopment Plan.
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<br />Inter-Clty Commuter Station Redevelopment Project
<br />
<br />The Inter-City Commuter Station Redevelopment Project was adopted on July 6, 1962
<br />by Ordinance No, NS-1636. On October 3, 1994, In accordance with AB 1290, the Inter-
<br />City Commuter Station Redevelopment Plan was first amended by Ordinance No, NS-
<br />2234 to establish certain time limits including s time limit on incurring debt of January 1,
<br />2004; s time limit on plan effectiveness of July 6, 2012 and limit on receipt of tax
<br />Increment/repayment of debt of July 6, 2022. [The same limits were established for
<br />South Main, South Harbor and North Harbor Redeveiopment Plans). The second
<br />amendment adopted on May 6, 1996 by Ordinance No. NS-2269 extended the Agency's
<br />eminent domsln authority within the project area by 12 yesrs until May 6,2006. On
<br />August 2, 1999, the third amendment adopted by Ordinance No. NS-2396 extended the
<br />time limit on plan effectiveness by 10 years to July 6, :W22 and the limn on receipt of tax
<br />Increment by 10 years to July 6,2032 to coincide with the maximum time limits
<br />prescribed by AB 1290 as amended by a summary ordinance In accordance with AS
<br />1342. The proposed Merger will be the fourth amendment to the Inter-City Commuter
<br />Station Redevelopment Plan.
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<br />Prellmln8lY Report for the Merger of the
<br />Santa Ana Redevelopment Projects
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<br />J!iXII.l.JU.T 2
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<br />Keyser Marston AssocIates, Inc.
<br />Page 5
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<br />55C-23
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