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<br />2. That no other reasonable means of financing the public <br />improvement is available to the community; and <br /> <br />3. That the payment of funds for the cost of the public <br />improvement will assist in the elimination of one or more blighting <br />conditions inside the project area. <br /> <br />E. The City of Santa Ana is the owner of a vacant lot, located generally <br />at 2129 North Main Street, within the former Central City Project Area. The <br />City desires to construct a public improvement, a parking lot, on this vacant <br />lot, primarily to serve as additional public parking for employees and visitors <br />to the Charles W. Bowers Museum, a City owned, nationally renowned <br />museum, currently being expanded. <br /> <br />F. The City lacks funds to pay for the construction of a parking lot at this <br />time. <br /> <br />G. Construction of a publicly owned parking lot at 2129 North Main <br />Street will assist in the elimination of one or more blighting conditions in that <br />it will help reactivate the east side of north Main Street, provide additional <br />public parking for the expanded Charles W. Bowers Museum, the <br />cornerstone of the City's Museum District, and is called out for in both the <br />Central City Redevelopment Plan and the most recent Five Year <br />Implementation Plan. <br /> <br />H. The Central City Redevelopment Plan was last amended to add <br />territory in 1975. For this reason the findings specified in section 33445(b) <br />of the California Health & Safety Code, although set forth above, are not <br />required. <br /> <br />I. Negative Declaration for Environmental Review No. 2005-45, was <br />approved and adopted by resolution which came before the City Council <br />on this date. This resolution incorporates by reference, as though fully set <br />forth herein, said Council resolution and the Negative Declaration. <br /> <br />Section 2. The Agency is hereby authorized to contribute up to $445,900 in <br />Agency funds from the Merged Project Area for this publicly owned improvement, in <br />accordance with that certain Cooperative Agreement between the Agency and the City of <br />Santa Ana. <br /> <br />Section 3. The Executive Director of the Agency is hereby authorized to take all <br />steps, and to sign all documents and instruments necessary to implement and carry out <br />the Resolution on behalf of the Agency. <br /> <br />2 <br /> <br />80A-7 <br /> <br />