80B - JOINT - FIVE-YR IMPLEMENTATION PLAN

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1. INTRODUCTION The following document is the five-year Implementation Plan for the Community Redevelopment Agency of the City of Santa Ana's Merged Project Area. It covers the fiscal year period beginning on July 1, 2010 and ending on June 30, 2015. It is designed and intended to meet all requirements as established by Assembly Bill 1290, and to provide city residents and other stakeholders with critical information regarding the Agency's future plans. This Implementation Plan is a policy statement rather than an unalterable course of action. It has been prepared to set priorities for redevelopment activities within the Merged Project Area for the five-year period covered by the Implementation Plan and incorporates currently known financial constraints of the Agency in developing a program of activities to accomplish revitalization efforts for the Merged Project Area. New issues and opportunities may be encountered during the course of administering redevelopment within the Merged Project Area during the five-year period. Therefore, this Implementation Plan may be amended, if necessary, to effectuate its purposes. BACKGROUND Redevelopment is a tool created by state law to assist local governments in the long-term planning and improvement of areas where the private sector acting alone or with government action other than redevelopment has been unable to correct the deterioration and underutilization of an area. The physical and economic conditions that result in the deterioration and underutilization that qualify an area for inclusion in a redevelopment project area are defined as blighting conditions (see Appendix B for glossary terms). Through redevelopment, local governments can improve areas and eliminate blight by assisting the private sector in the development and reconstruction of residential, commercial and industrial uses, and providing needed infrastructure and community facility improvements. Through these efforts, redevelopment can assist in creating jobs and improving property values. In order for redevelopment agencies to act, a jurisdiction must first adopt a redevelopment plan. A redevelopment plan is a legal document that describes the Agency's authorities and responsibilities. The redevelopment plan establishes financing methods to implement programs and projects to revitalize areas including the authority to collect tax increment. The 10 7 Santa Ana Community Redevelopment Agency lrnp i ri._T '' ?Ian July 1, 2010 to June 30, 2015 For the Merged Santa Ana Redevelopment Project?rkF ?11 9 Page 5