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<br />6. Will we be paying more taxes? <br /> <br />Redevelopment is a reallocation of tax dollars. A property owner pays the same amount of <br />property taxes whether he/she is in a project area or not. Instead of the property taxes being <br />distributed to the various taxing agencies the Agency retains a greater percentage of the <br />increase in taxes from new construction, rehabilitation and property sales (assuming the <br />property sold for a high price than the subsequent purchase price) for use in improving <br />properties in the redevelopment project areas. <br /> <br />7. Will my apartment be torn down? Who will pay for my house? <br /> <br />No apartments are being torn down as a result of the Merger. If an apartment or home was <br />acquired by the Agency, the Agency in accordance with Redevelopment Law, would have to <br />provide relocation benefrts assistance in locating the residents to a comparable apartment or <br />house and paying moving expenses, regardless if the Agency acquired the property through <br />voluntary negotiation or through eminent domain. <br /> <br />8. Which park is being torn down? <br /> <br />No park is proposed to be torn down. <br /> <br />9. Will there be a street widening where I live? <br /> <br />There are two street widenings underway along the Bristol Corridor and Grand Avenue from <br />McFadden to the 1-5 Freeway. These are City projects and are not funded or constructed with <br />redevelopment assistance. <br /> <br />10. Is this related to housing? <br /> <br />A major priority of the Agency is to provide housing. The Merger will make administration of the <br />Agency housing program easier, particularly for market rate housing by combining the tax <br />increment and allocating the revenues where the needs and opportunities are the greatest. The <br />Merger will not reduce or increase the Agency's affordable housing obligations. <br /> <br />11. What's happening on Main and McFadden? <br /> <br />Approximately two years ago the City realigned McFadden so that it would connect directly with <br />Main Street. There are some vacant remnant parcels that resulted from the street <br />improvements. It is anticipated that the vacant site will be developed with between six and eight <br />affordably restricted single-family dwellings. <br /> <br />Supplement to the Report to the City Council for the <br />Merger of the Santa Ana Redevelopment Projed!£XHIBIT 4 <br /> <br />Keyser Marston Associates, Inc. <br />Page 5 <br /> <br />PA0408010.SNT A:CK:1p <br />1Ø090.003.007.œJ26J04 <br /> <br />75D-210 <br /> <br />