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<br />8 <br /> <br />LES8/23/04 <br /> <br />ORDINANCE NO. NS-2664 <br /> <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY <br />OF SANTA ANA APPROVING AND ADOPTING THE FIFTH <br />AMENDMENT TO THE REDEVELOPMENT PLAN FOR <br />THE INTER-CITY COMMUTER STATION <br />REDEVELOPMENT PROJECT <br /> <br />THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES ORDAIN AS <br />FOLLOWS: <br /> <br />SECTION 1. The City Council of the City of Santa Ana ("City Council") hereby, <br />finds, determines and declares as follows: <br /> <br />A. <br /> <br />8 <br /> <br />8 <br /> <br />The Santa Ana Community Redevelopment Agency ("Agency") is a <br />community redevelopment agency organized and existing under the <br />California Community Redevelopment Law, Health and Safety Code <br />Section 33000, et. seq., ("CRL") and has been authorized to transact <br />business and exercise the powers of a redevelopment agency pursuant to <br />action of the City Council. <br /> <br />B. <br /> <br />On July 6, 1982, by Ordinance No. NS-1636, the City Council approved <br />and adopted the Redevelopment Plan for the Inter-City Commuter Station <br />Redevelopment Project ("Project Area") and subsequently amended the <br />Redevelopment Plan ("Existing Plan") four (4) times to extend plan <br />effectiveness and eminent domain authority, and establish tax increment <br />and time limits in compliance with Assembly Bill 1290, Assembly Bill 1342, <br />Senate Bill 1045, and other provisions of the CRL. <br /> <br />C. <br /> <br />The ordinances adopting the Existing Plan, as amended (collectively, the <br />"Original Ordinances"), including the findings and determinations made by <br />the City Council therein are made part hereof by this reference. <br /> <br />D. <br /> <br />The Agency is vested with the responsibility to carry out the Existing Plan. <br /> <br />E. <br /> <br />As a part of this amendment proceeding, the Agency desires to amend the <br />Existing Plan ("Amendment") to merge the Project Area with the Central <br />City, North Harbor, South Harbor, South Main, and Bristol Corridor <br />Redevelopment Projects ("Merged Project Area") to allow the combining of <br />tax increment revenues from each and all of these constituent project <br />areas so that taxes attributable to each constituent project area which are <br />allocated to the Agency pursuant to CRL Section 33670(b) are allocated to <br />the entire Merged Project Area for the purpose of paying principal of, and <br />interest on, indebtedness incurred by the Agency to finance or refinance, <br /> <br />Ordinance No. NS-2664 <br />Page 1 of 9 <br />