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IMPLEMENTATION PLAN <br />In 1993, the California State Legislature passed Assembly Bill 1290 (Stats. 1993, ch. 942), which <br />amended the California Community Redevelopment Law (Health and Safety Code Section <br />33000 et seq., "CRL") to among other things increase the accountability of redevelopment <br />agencies. One of the changes was the addition of Article 16.5 "Adoption of Implementation <br />Plans" which requires that on or before December 31, 1993, and each five years thereafter, a <br />redevelopment agency that has adopted a redevelopment plan prior to December 31, 1993, <br />shall adopt a implementation plan that contains the specific goals and objectives of the agency <br />for the project area, the specific programs, including potential projects, and estimated <br />expenditures proposed to be made during the five year period. The Implementation Plan also <br />includes an explanation on how the goals and objectives, programs and expenditures will <br />eliminate blight within the project area and fulfill the agency's affordable housing <br />requirements. <br />This Implementation Plan is composed of two separate components, a redevelopment <br />component and an affordable housing compliance component. The redevelopment component <br />describes the Agency's short-term goals and objectives for blight elimination and the programs <br />and proposed projects to reach that goal. The Implementation Plan also identifies the <br />anticipated expenditures for the programs which incorporate the specific projects. Finally, the <br />redevelopment component of the Implementation Plan describes the relationship between the <br />goals and objectives, programs, projects and blight elimination. The redevelopment <br />component describes the Agency's activities planned for the five year period including <br />affordable housing projects. <br />Article 16.5 of the CRL also requires that an Implementation Plan explain how the components <br />of the Implementation Plan will implement various CRL requirements regarding low and <br />moderate income housing. The affordable housing compliance component specifically <br />demonstrates how the Agency will meet the statutory requirements for depositing the required <br />20% of gross tax increment revenues (Set-Aside) into the affordable housing fund (Affordable <br />Housing Fund) and the expenditure for housing purposes. <br />Santa Ana Community Redevelopment Ag =-s it ?tio? P n July 1, 2010 to June 30, 2015 <br />For the Merged Santa Ana Redevelopment t 40 page 7