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<br />Harbor Project, South Main Project, and the Bristol Corridor Project and the territory <br />included within the Existing Plans is referred to as the "Project Areas"; and <br /> <br />H. The Santa Ana Community Redevelopment Agency ("Agency") is vested <br />with the responsibility to carry out the Existing Plans; and <br /> <br />I. The Agency desires to amend each of the Existing Plans ("Amendments") to <br />merge the Project Areas in order to combine the tax increment revenues from the <br />Project Areas and reallocate the revenues to and among the entire merged Project Area <br />that will best facilitate the revitalization of blighted areas through economic vitality and <br />increase and improve housing opportunities; and <br /> <br />J. Pursuant to sections 33344.5 and 33344.6 of the California Community <br />Redevelopment Law, the Agency has prepared a preliminary report for transmittal to the <br />affected taxing agencies (the "Preliminary Report") on the proposed Amendments; and <br /> <br />K. State law requires the Agency to consult with affected taxing entities about <br />the proposed Amendments. <br /> <br />Section 2. The Preliminary Report for the proposed Amendments, in the form <br />currently on file with the Agency Secretary, is hereby approved. <br /> <br />Section 3. The Executive Director is hereby authorized and directed to transmit a <br />copy of the Preliminary Report for the proposed Amendments to all affected taxing <br />entities. <br /> <br />ADOPTED this 15th day of March, 2004. <br /> <br /> <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher, Agency Counsel <br /> <br />By: /i~,- i ~ <br />Lisa E. Storck <br />Assistant Counsel <br /> <br />Resolution No. CRA 2004-03 <br />Page 2 of 3 <br />