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<br />Payment to ERAF and an Ordinance <br />~ending the Six Redevelopment Plans <br />~o Extend Certain Time Limits <br />May 3, 2004 <br />Page 3 <br /> <br />The legislation implementing the State's FY 2003-2004 budget authorized <br />the County Auditor/Controller to withhold property tax revenue from the <br />City's General Fund to the extent that the $1,830,569 payment is not made <br />by the Community Redevelopment Agency before May 10, 2004. SB 1045 also <br />included a provision that allows the legislative body to adopt an <br />ordinance to amend the redevelopment plan extending the time limit on the <br />use of tax increment to repay indebtedness and extend the plan <br />effectiveness by one year for a redevelopment agency making an ERAF <br />payment. <br /> <br />The City of Santa Ana has six redevelopment project areas: Central City, <br />Inter-City, North Harbor, South Harbor, South Main and Bristol Corridor. <br />The following time limits are proposed for amendment: <br /> <br /> TJ:ME LIMIT ON TIME LJ:MIT ON TJ:ME LIMIT ON TDΠLJ:MIT ON <br />PLAN PLAN PLAN RECEIPT OJ' RECEIPT OF <br /> EI'J'ECTJ:VENESS El'l'ECTrvENESS TAX INCREMENT TAX INCREMENT <br /> (CURRENT (PROPOSED (CURRENT (PROPOSED <br /> DATE) DATE) DATE) DATE) <br />Central City July 2, 2013 July 2, 2014 July 2, 2023 July 2, 2024 <br />Inter-City July 6, 2022 July 6, 2023 July 6, 2032 July 6, 2033 <br />North Harbor July 6, 2022 July 6, 2023 July 6, 2032 July 6, 2033 <br />South Harbor July 6, 2022 July 6, 2023 July 6, 2032 July 6, 2033 <br />South Main July 6, 2022 July 6, 2023 July 6, 2032 July 6, 2033 <br />Bristol December 4, December 4, December 4, December 4, <br /> 2029 2030 2039 2040 <br /> <br />. <br /> <br />50A-3 <br />