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LES 8/23/04 <br />0 ORDINANCE NO. NS -2667 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY <br />OF SANTA ANA APPROVING AND ADOPTING THE SIXTH <br />AMENDMENT TO THE REDEVELOPMENT PLAN FOR <br />THE SOUTH MAIN REDEVELOPMENT PROJECT <br />THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES ORDAIN AS <br />FOLLOWS: <br />SECTION 1. The City Council of the City of Santa Ana ( "City Council ") hereby, <br />finds, determines and declares as follows: <br />A. 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 />B. On July 6, 1982, by Ordinance No. NS -1639, the City Council approved <br />• and adopted the Redevelopment Plan for the South Main Redevelopment <br />Project ( "Project Area ") and subsequently amended the Redevelopment <br />Plan ( "Existing Plan ") five (5) times to extend plan effectiveness and <br />eminent domain authority, and establish financial and time limits in <br />compliance with Assembly Bill 1290, Assembly Bill 1342, Senate Bill 1045, <br />and other provisions of the CRL. <br />C. 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 />D. The Agency is vested with the responsibility to carry out the Existing Plan. <br />E. 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, Inter -City Commuter Station, North Harbor, South Harbor, and Bristol <br />Corridor Redevelopment Projects ( "Merged Project Area ") to allow the <br />combining of tax increment revenues from each and all of these <br />constituent project areas so that taxes attributable to each constituent <br />project area which are allocated to the Agency pursuant to CRL Section <br />33670(b) are allocated to the entire Merged Project Area for the purpose <br />of paying principal of, and interest on, indebtedness incurred by the <br />Agency to finance or refinance, in whole or in part, the Merged Project <br />Area; except that any such taxes attributable to any constituent project <br />Ordinance No. NS -2667 <br />Page 1 of 9 <br />