05 - P H Five-Year Implem Plan - Laserfiche WebLink

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P. H. — Five -bear Implementation Plan June 7, 2010 Page 2 An explanation of hoer the programs and associated expenditures will contribute to the alleviation of blight within the merged project area; and An explanation of hover the Community unity I edevelopment Agency (Agency) will implement ent the requirements to: 1 Increase, improve, and preserve lover and moderate -income housing with the Low and Moderate Income Dousing Fund; 2. Meet inclusionary housing obligations; and 3. Deet replacement housing obligations. . Additionally, in 2007, the State Legislature adopted SP 37, which included a provision requiring all redevelopment agencies to incorporate specific Information regarding plan time limits Into the Implementation entation Plant The legislation requires the list of the following time limits: 1: The time limit for the commencement for eminent domain proceedings to acquire property within the project area; 2. The time limit for the establishment of loans, advances, and indebtedness to finance the redevelopment project; 3. The time limit for the effectiveness of the redevelopment plan; and . The time limit to repay indebtedness with the proceeds of property takes. The Five -Year Implementation Plan describes the merged project area's financial status which is heavily impacted with existing debt and obligations with little program money available for the net several years. It also demonstrates that the Agency has fulfilled its replacement and inclusionary housing requirements. The goals and objectives for the merged project area serve as the foundation for the Agency's redevelopment efforts. Finally, the matrix linking programs to blight alleviation demonstrates that all of the Agency's projects and programs will meet the Agency's goals and objectives and assist in the removal of blight. In the development of this plan, a comprehensive surrey of the City's needs was distributed in three languages to more than 9,000 stakeholders comprised of residents, social service providers, and businesses. The survey was also made available on the Citys website and was advertised through public notices in three different languages. From October 15, Zoo, to January 15, 2010, the surveys were presented at numerous neighborhood association meetings, and laptops were available to enable residents to enter their survey responses online. More than 1,500 responses were received. Adoption of the Five -bear Implementation Plan does not constitute Agency approval of any specific program, project or expenditure. The Implementation Plan may also be amended, if needed, at any time during its five-year life following a noticed public hearing. 5-20