75D - MERGER S.A. REDEVELOPMENT - Laserfiche WebLink

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Finally as a technical correction, subsequent to the preparation of the draft Amendments, the City Council on May 17, 2004, by Ordinance No. NS-2652, amended the six existing Redevelopment Plans to extend the time limits for plan effectiveness and receipt of tax increment by one additional year as allowed under Senate Bill 1045 (ERAF payment relief). These SB 1045 amendments are currently not described or acknowledged within the background section of the proposed Amendments. Therefore, for consistency purposes and acknowledgement of the recent SB 1045 amendments, the proposed Amendments have been revised to update the amendment number to reflect the adoption of the 58 1045 ordinance. For example, the merger amendment for Bristol Corridor previously referred to as the Fourth Amendment is now the Fifth Amendment to the Redevelopment Plan for the Bristol Corridor Redevelopment Project. The extension of the proposed Amendments in accordance with SB 1045 is only for one year for the purpose of repaying the Agency's ERAF payment and does not significantly change the conclusions of the financial feasibility analysis contained within the Report. The revised and updated Amendments are included within this Supplement as Attachment A. B. ORGANIZATION OF THE SUPPLEMENT The part and section numbers contained in this Supplement correspond to the part and section numbers used in the Report on the proposed Amendments. The following pages contain the whole section of each section within the Report that was updated with additional information. This Supplement addresses the following section within the Report: 1. Community Consultations (Section VIII) - incorporates revisions to this section including a summary of the joint public hearing noticing and mailing, the Community Information Meeting, the Agency and City Council resolutions consenting to holding a Joint Public Hearing, and the transmittal of the letter to the Department of Housing and Community Development. 2. Summary of Consultations with Affected Taxing Agencies (Section XI) - incorporates revisions to sub-section B. (Summary of Consultations with Affected Taxing Agencies) to include any discussions with affected taxing entities and note the required transmittal of the joint public hearing notice. 3. Although not a separate section, this Supplement includes the revised Amendments as an attachment with the corrected Amendment numbering. Supplement to the Report to the City Council for the Merger ofthe Santa Ana Redevelopment ProjectsZXBIBIT 4 Keyser Marston Associates. Inc. Page 2 PA0408010.SNT A:CK:1p 19090.003.007108126104 75D-207