11A - ORDINANCE NO. NS-2652 - Laserfiche WebLink

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. . . South Harbor Plan shall mean the Santa Ana South Harbor Boulevard/Fairview Street Redevelopment Plan originally adopted by Ordinance No. NS-1638 on or about July 6,1982, amended by Ordinance No. NS-2167 on or about August 3,1992; Ordinance No. NS-2234 on or about October 3,1994; Ordinance NS-2396 in August of 1999; and, Ordinance NS-2641 on January 20, 2004. South Main Plan shall mean the Santa Ana South Main Street Redevelopment Plan originally adopted by Ordinance No. NS-1639 on or about July 6, 1982, amended by Ordinance No. NS-2234 on or about October 3, 1994; Ordinance No. NS-2256 adopted on or about July 17,1995; Ordinance NS-2396 in August of 1999; and, Ordinance NS-2641 on January 20,2004. Tax increment shall mean property tax revenues allocated to the Agency pursuant to Section 333670 of the Community Redevelopment Law. Time limit on incurring indebtedness shall mean the expiration date of the time period during which the Agency may establish or incur loans, advances, and indebtedness to be paid with the proceeds of tax increment derived from the project area of a specified redevelopment plan, as described in subdivision (a) of Section 33333.6 of the Community Redevelopment Law, subject to all exceptions specified in the Community Redevelopment Law. Time limit on plan effectiveness shall mean the expiration date of the time period during which a specified redevelopment plan is effective, as described in subdivision (b) of Section 33333.6 of the Community Redevelopment Law, subject to all exceptions specified in the Community Redevelopment Law. Time limit on receipt of tax increment shall mean the expiration date of the time period during which the Agency may pay indebtedness and receive tax increment derived from the project area of a specified redevelopment plan, as described in subdivision (c) of Section 33333.6 of the Community Redevelopment Law, subject to all exceptions specified in the Community Redevelopment Law. SECTION 3: The current time limit on the effectiveness of each of the Redevelopment Plans is hereby extended by one year and the Agency is hereby authorized to act with respect to the Redevelopment Plan at any time during which each of the Redevelopment Plans is effective. SECTION 4: The current time limit on paying indebtedness or receiving property taxes pursuant to each of the Redevelopment Plans and CRL is hereby extended by one year (from the existing time limit as set forth below) and the Agency is hereby authorized to act with respect thereto during such extended period. 3 11A-3