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<br />v. <br /> <br />IMPLEMENTATION PLAN <br /> <br />Per Section 33352(c) of the CRL, the Implementation Plan prepared as part of the Report to the <br />City Council must describe the specific goals and objectives of the Agency, specific projects <br />proposed by the Agency, including a program of actions and expenditures proposed to be made <br />within the first five years of the adoption of the Redevelopment Plans, a description of how <br />these projects will improve or alleviate the blighting conditions in the Project Area, and show <br />how the requirements for low and moderate income housing in the community will be met. The <br />initial (combined) Five Year AS 1290 Implementation Plan for the Project Areas was originally <br />adopted in 1994, for the five-year period from December 1994 through 1999. In 1999, the <br />Agency adopted the Second Five Year AS 1290 Implementation Plan for the Project Areas for <br />the five-year period between December 1999 - December 2004. This second Five-Year <br />Implementation Plan is the current Implementation Plan for 2000-2005 and is included within <br />this Report as Appendix A. <br /> <br />The purposes of the proposed Amendments are to merge the Project Areas to combine tax <br />increment revenues for more effective administration of the Agency's redevelopment program <br />and contribute to revitalization of the Project Areas through increased economic vitality, and <br />increased and improved housing opportunities. The specific goals and objectives, projects and <br />programs, and proposed expenditures contained in the current Implementation Plan (Appendix <br />A) will not change as a result of the adoption of the proposed Amendments. <br /> <br />The Agency intends to continue to implement the same projects and programs identified in the <br />current Implementation Plan. Furthermore, the identified expenditures for the Project Areas will <br />not change. Therefore, the current Implementation Plan will not be amended as a result of the <br />Merger. To the degree that increment is received beyond what has been allocated for the <br />repayment of existing debt, the Agency will allocate those revenues within the Merged Project <br />Area that will best eliminate blight, increase economic vitality and promote affordable housing. <br /> <br />Page 43 of 190 <br /> <br />Report to the City Council for the Merger of the <br />Santa Ana Redevelopment Projects <br /> <br />Keyser Marston Associates, Inc. <br />Page 32 <br /> <br />PA0403012.SNT A:CK:gbd <br />19090.003.004106128104 <br /> <br />75D-53 <br />