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E. As a part of this amendment proceeding, the Agency desires to amend the Existing Plan ("Amendment") to merge the Project Area with the Central City, North Harbor, South Harbor, South Main, and Bristol Corridor Redevelopment Projects ("Merged Project Area") to allow the combining of tax increment revenues from each and all of these constituent project areas so that taxes attributable to each constituent project area which are allocated to the Agency pursuant to CRL Section 33670(b) are allocated to the entire Merged Project Area for the purpose of paying principal of, and interest on, indebtedness incurred by the Agency to finance or refinance, in whole or in part, the Merged Project Area; except that any such taxes attributable to any constituent project area shall first be used to pay indebtedness in compliance with the terms of any bond resolution or other agreement pledging such taxes from the constituent project area, which resolution or other agreement was adopted or approved by the Agency prior to the merging of these projects; and except as otherwise noted above, tax increment revenue attributed to each constituent project may be used for any lawful purpose in any constituent project now within the Merged Project Area. F. Further, the Amendment (as well as the concurrent amendments to the other constituent project areas) creating the Merged Project Area will best facilitate the revitalization of blighted areas through economic vitality and increased and improved housing opportunities pursuant to CRL Article 16, Section 33485, et. seq. G. The City Council has received from the Agency the proposed Amendment, a copy of which is on file at the office of the Clerk of the Council, 20 Civic Center Plaza, Santa Ana, California, together with the Agency's Report to the City Council on the Amendment, including the reasons for the Amendment; proposed projects and programs; the proposed method of financing the redevelopment of the Merged Project Area which includes the Project Area; a method or plan for relocation; the report of the Planning Commission of the City with respect to the conformity of the Amendment with the General Plan of the City of Santa Ana ("General Plan"); a neighborhood impact report; a summary of consultations with Project Area property owners, businesses and community organizations; and a summary of consultations with affected taxing agencies. H. A project area committee was not required to be formed in connection with this Amendment because it does not affect the existing authority of the Agency to acquire, by eminent domain, property on which a substantial number of low and moderate income persons reside and because this PA0407014:SNT A:CK:gbd 19090.003.006108/16104 2 11 B-22