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Agency as well as to issue approximately $5,900,000 of federally <br />taxable Recovery Zone bonds (jointly, the "2010 Tax Allocation <br />Bonds"). Elimination of the debt incurrence time limit for these <br />redevelopment plans is necessary for the structuring of the 2010 <br />Tax Allocation Bonds. <br />SECTION 2: As used in this Ordinance, the following definitions shall <br />apply: <br />Agency shall mean the Community Redevelopment Agency of the City of <br />Santa Ana. <br />Community Redevelopment Law shall mean Part 1 (commencing with <br />Section 33000) of Division 24 of the California Health & Safety Code, as <br />amended from time to time. <br />Central City Plan shall mean the City of Santa Ana Redevelopment Plan <br />originally adopted by Ordinance No. NS-1173 on or about July 2, 1973, as <br />amended. <br />Inter City Plan shall mean the Inter City Commuter Station Redevelopment <br />Plan originally adopted by Ordinance No. NS-1636 on or about July 6, 1982, as <br />amended. <br />Bristol Plan shall mean the Bristol Corridor Redevelopment Plan originally <br />adopted by Ordinance No. NS-2039on or about December 4, 1989, as amended. <br />Tax increment shall mean property tax revenues allocated to the Agency <br />pursuant to Section 333670 of the Community Redevelopment Law. <br />Time limit on incurring indebtedness, Time limit on plan effectiveness, <br />Time limit on receipt of tax increment shall have those meanings as described in <br />subdivisions (a), (b) and (c), respectively, of Section 33333.6 of the Community <br />Redevelopment Law, subject to all exceptions specified in the Community <br />Redevelopment Law. <br />SECTION 3: The Central City, Inter City and Bristol Redevelopment Plans <br />of the City of Santa Ana are hereby amended to repeal the existing debt <br />incurrence time limits so that the Agency can incur debt for these respective <br />project areas up to the redevelopment plan effectiveness dates. <br />SECTION 4: If any section, subsection, sentence, clause, phrase or word of <br />this Ordinance is for any reason held to be invalid by a court of competent <br />jurisdiction, such decision shall not affect the validity of the remaining portions of <br />this Ordinance. The City Council hereby declares that it would have passed and <br />2 <br />75C-4