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The Goals and Objectives and Projects, Programs and Expenditures includ d In this <br />Implementation Plan reflect the financial constraints of the Agency to implementing the <br />Redevelopment Plan over the five-year tern of the Implementation Plan. As mentioned earlier <br />and shorn below, over the t five -gear period the Agency's revenues have been committed <br />to paying existing debt. As a result, the Agency has very little latitude with the discretionary <br />actions that it may undertake. Agency discretionary actions will be primarily limited to assisting <br />developers or owners that can front the costs for development ori projects that are not <br />financially feasible with the agreement that the developer will be repaid from tax increment <br />generated from the proposed development, Should substantial new development occur or <br />property sales that exceed current treads, there may be addj 16091 discretionary revenues <br />available to fund projects. <br />#rYrr'F+t�Y Y IFi*irf#f{I 1•. <br />REVENUES <br />FFF`r r"t}F rF#rFFF�x#+rr'i. <br />}.{�♦#rrFt r r I#I�*r+}.Fri'. <br />Ff~Y+rF F �/ FYa ya I I/I , <br />r �rFrr♦ 'F #'a�. <br />At the time F'#rr rrFrFFA{/ <br />me a i <br />Redevelopment l pment Plan s adopted �;:;Y; �' project area, the to F#'F+ri}i;-generated from <br />taxable value of property ire the area (often r ,r. to th .:J .as year val "= :. tin�.r to b <br />itrFx rr rrF Rsix I,I fy �/� FF/i� <br />distributed to each of the taking entities, which in the Mergedj"roject Area. <br />The property taxes that occur dine to growth in t � �x above the base year value are <br />allocated to the redevelopment age n. �:F:; .is amount i# tx,-'wmo�nly referred to as tax increment <br />'r{Fr rMt iF}F, FFF fF+F}/}'� +i,F�Fyrk ,'F'! <br />revenues. <br />rFFIF#+r. '#'+/alk+ <br />s/r/FF' +4IyFRr+rFF#++rFY�.+ i + <br />F F F'f#R� y'#F,I,FF}FF,F�xx}� Y Frr <br />�4'r F'FFFF }Ra FF#rF+�IFFFI F{ � r4Yr�Fa#�,'F's <br />f'r <br />��FFFFFYF # x rF+rily+FR+FrF+F + <br />xFf�FYrFFF ' �i /•+FRrY*Fl♦ F} f -s tt}#', <br />f FFFrFF/IF - NYf Ff4F r'f,A + Y - # + <br />i ■ FFFr•afF• x �ri r++++rFr` -� + <br />Over the five-year period from FY 2 r -- :Y :Ft F 14.04:5 +..th Gfdr s Tax Increment Revenue is <br />F F F F F + F R! <br />y F x t`y'r F + rfr <br />RJrF rY:x LSF•} tY�xFx}+day F'y#+xy+f+++{Fr r�r�F+, x+F++ <br />projected to total $26,a;'A`,-:- .-illion. ror r'FF.Ft�x­"'��f�,= fr► "qty:+= Ag l y r oiu�r d order <br />a F r y t L F L l F F F F "0" <br />Y F F Y+'{Y }L+F+F F x r f,� f + F +'+ FF/ Re de rel prr nt da r t 1�, FFra"s d6`201)-er nt f�lK�%r Tax n r m nt Revenue to b spent on <br />r*}fir p+F.+A y #R;,-, FrrF,+ 4 <br />Ft{Lif l�*a }aLx fFF F x t rrrrrrr F# <br />� <br />affordable housing.,.;: '#�" Agency x t� <br />�asides`{ pre than the required 20 percent and the <br />y L • Fr /�F {+ t +r <br />projected de ositt{F PF Housir rF h nd amu Wo $69.7' million for the period. Additional <br />� r + + + +'+rF Y i `Ii+++'+'+at <br />contractual and stater .}:t..+hr+h allocations to various affected taxing <br />�:'a�r 'r`r'r'�'r`:`r`r'r'r <br />agencies r. ;: Ornade a`rix : `` :.. r j t ±� '� iM' punt to $56.9 million for the period. The County <br />}+y R r i, lfdFxfir F+#F+, +:F+r+r A f +�: ! � f+ <br />+ r aF+rr# fFK rF+++ F', I +Fi,r+s atr �',}rrf / <br />is proje,dd f ve I o t�'. n a die _real $1.5 million for County administrative overhead expenses <br />allowe/' ; d r SB 255146r thr"fiod. The resulting Net Tax Increment Revenue remaining ainin for <br />f <br />Ageft-Y.,::.'Ofiebt <br />payments, a +rrFFrf''i„#F'FRFFiµr# r t}- � +ir+ �FFFrrF;F�F+ <br />is projected tooac <br />total iIlion. <br />rr <br />frrrr/`t 1 FFYFtF Fr <br />ffFr rF r f' }F+,IrFFIf <br />�}L`#+FFL F fFL,+a+Fs}Ff# <br />.����Fr fa%s ysF r +A ji}y rid{ <br />f�FFxA ,y{• r+F + + d +,�F� <br />r+ , <br />Santa Ana C011WIlUnity Redevelopment AgencyImplementation Plat) July 1� 2010 tO JUne 30, 2015 <br />For the Merged Santaa Redevelopment Project Area Page <br />