Laserfiche WebLink
<br />. <br /> <br />Ordinance No. NS-2234 on or about October 3, 1994; Ordinance NS-2396 in August of <br />1999; and, Ordinance NS-2641 on January 20,2004. <br /> <br />South Main Plan shall mean the Santa Ana South Main Street Redevelopment <br />Plan originally adopted by Ordinance No. NS-1639 on or about July 6, 1982, amended <br />by Ordinance No. NS-2234 on or about October 3, 1994; Ordinance No. NS-2256 <br />adopted on or about July 17, 1995; Ordinance NS-2396 in August of 1999; and, <br />Ordinance NS-2641 on January 20,2004. <br /> <br />Tax increment shall mean property tax revenues allocated to the Agency <br />pursuant to Section 333670 of the Community Redevelopment Law. <br /> <br />Time limit on incurring indebtedness shall mean the expiration date of the time <br />period during which the Agency may establish or incur loans, advances, and <br />indebtedness to be paid with the proceeds of tax increment derived from the project <br />area of a specified redevelopment plan, as described in subdivision (a) of Section <br />33333.6 of the Community Redevelopment Law, subject to all exceptions specified in <br />the Community Redevelopment Law. <br /> <br />. <br /> <br />Time limit on plan effectiveness shall mean the expiration date of the time period <br />during which a specified redevelopment plan is effective, as described in subdivision (b) <br />of Section 33333.6. of the Community Redevelopment Law, subject to all exceptions <br />specified in the Community Redevelopment Law. <br /> <br />Time limit on receipt of tax increment shall mean the expiration date of the time <br />period during which the Agency may pay indebtedness and receive tax increment <br />derived from the project area of a specified redevelopment plan, as described in <br />subdivision (c) of Section 33333.6 of the Community Redevelopment Law, subject to all <br />exceptions specified in the Community Redevelopment Law. <br /> <br />SECTION 3: The current time limit on the effectiveness of each of the <br />Redevelopment Plans is hereby extended by one year and the Agency is hereby <br />authorized to act with respect to the Redevelopment Plan at any time during which each <br />of the Redevelopment Plans is effective. <br /> <br />SECTION 4: The current time limit on paying indebtedness or receiving property <br />taxes pursuant to each of the Redevelopment Plans and CRL is hereby extended by <br />one year (from the existing time limit as set forth below) and the Agency is hereby <br />authorized to act with respect thereto during such extended period. <br /> <br />. <br /> <br />Ordinance No. NS-2652 <br />Page 3 of 5 <br />