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other improvement which is publicly owned either within or without the <br />project area, upon the consent of the City Council of the City of Santa Ana <br />("City"), if the following findings can be made: <br />1. That the public improvement is of benefit to the project area <br />or the immediate neighborhood in which the project is located; <br />2. That no other reasonable means of financing the public <br />improvement is available to the community; and <br />3. That the payment of funds for the cost of the public <br />improvement will assist in the elimination of one or more blighting <br />conditions inside the project area. <br />F. The City is the owner of numerous parking structures in the City's <br />Downtown. These parking structures are located within the Central City <br />Project Area. The structures are in need of capital improvements, <br />architectural upgrades for structural efficiency, ADA compliance, and <br />addition of new security systems and installation of operational equipment. <br />G. The City further desires to add to the design efforts for the four <br />structures with the implementation of the way-finding sign program for the <br />Downtown including construction of signage for the parking structures and <br />public surface parking lots. <br />H. The publicly owned improvements to be made to the parking <br />structures will be of benefit to the merged Project Area (and the Central City <br />Project Area) as well as benefit the immediate neighborhood and all patrons <br />of the Downtown. This finding is supported by the fact that public <br />improvements in general facilitate the removal of blight and help create a <br />safe, more cohesive and economically dynamic community. Public safety <br />improvements eliminate. blight, improve traffic flow, increase the safety of <br />residents, create and promote business attraction and retention in the <br />Downtown. The City, public and business community will significantly <br />benefit from the proposed Projects. These public improvements will <br />beautify public streets, promote business, and improve public infrastructure <br />necessary to spur economic revitalization in the Project Area. <br />1. The City has determined that it lacks funds to pay for the Project at <br />this time, and there are no other reasonable means of financing said <br />improvements. It has been difficult for the City, by itself, to provide <br />sufficient funds to support the construction of major public improvements. <br />The limited resources of the City's General Fund are committed to <br />2 <br />8OA-40