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<br />, ;' .r <br />.. . <br /> <br />J <br />\ <br /> <br />, <br /> <br />, <br /> <br />THE COMMUNITY REDh"'VELOPMENT AGENCY <br />OF THE CITY OF' SANTA ANA, CALIFORNIA <br /> <br />RULES FOR OWNER PARTICIPATION IN THE CITY <br />OF SANTA ANA REDEVELOPMENT PROJECT AREA <br />PURSUANT TO THE CALIFORNIA COMMUNITY <br />REDEVELOPMEN'l' ACT <br /> <br />1. <br /> <br />A project area property owner or owners may be offered <br /> <br />an Owner Participation Agreement by the Agency if the <br /> <br />following minimum requirements are met regarding his <br /> <br />property: <br /> <br />a. <br /> <br />The improvements as existing or rehabilitated <br /> <br />conform to the Redevelopment Plan. <br /> <br />b. <br /> <br />The property owner can demonstrate to the sat is- <br /> <br />faction of the Agency that he is financially <br /> <br />capable of performing any and all modifications <br /> <br />or rehabilitation or modernization oh the exist- <br /> <br />ing property in order that it will conform to the <br /> <br />Redevelopment Plan. <br /> <br />2. <br /> <br />Only an owner or owners of the fee simple of a parcel <br /> <br />or parcels of real property in the project area may <br /> <br />participate in the redevelopment of his property. <br /> <br />3. <br /> <br />An owner or owners of property within the project area <br /> <br />shall agree to participate with the redevelopment thereof <br /> <br />in accordance with the Redevelopment Plan adopted by the <br /> <br />Community Redevelopment Commission and the City Council <br /> <br />of the City of Santa Ana and such owner shall agree to <br /> <br />f <br />