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3-3-11 LES <br />CRA RESOLUTION NO. 2011-002 <br />A RESOLUTION OF THE COMMUNITY REDEVELOPMENT <br />AGENCY OF SANTA ANA APPROVING A COOPERATIVE <br />AGREEMENT REGARDING THE IMPLEMENTATION OF <br />PROGRAMS AND PROJECTS ESTABLISHED IN THE 2010/11- <br />2014/15 FIVE-YEAR IMPLEMENTATION PLAN WITH THE CITY <br />OF SANTA ANA AND MAKING CERTAIN FINDINGS RELATED <br />THERETO PURSUANT TO SECTION 33445 OF THE HEALTH & <br />SAFETY CODE <br />BE IT RESOLVED BY THE OF THE COMMUNITY REDEVELOPMENT AGENCY <br />CITY OF SANTA ANA, AS FOLLOWS: <br />Section 1: The Community Redevelopment Agency Board hereby finds, <br />determines and declares as follows: <br />A. The Community Redevelopment Agency of the City of Santa Ana <br />(hereinafter referred to as the "Agency") is engaged in activities necessary <br />to execute and implement the Redevelopment Plan for the Merged Project <br />Area (the "Redevelopment Plan"). <br />B. The intent of the Redevelopment Plan is, in part, to provide for the <br />construction and installation of necessary public infrastructure and <br />facilities, and to facilitate the repair, restoration and/or replacement of <br />existing public facilities and to perform specific actions necessary to <br />promote the redevelopment and the economic revitalization of the Project <br />Area, and to expend tax increment to accomplish the goals and objectives <br />of the respective redevelopment projects. <br />C. The Agency has adopted its Five-Year Implementation Plan <br />(2010/11-2014/15) for the Project Area, as amended from time to time (the <br />"Implementation Plan"), with established goals to support affordable <br />housing, economic development, community revitalization, and <br />institutional revitalization. To implement the projects, programs and <br />activities associated with each goal, the Agency has made redevelopment <br />fund commitments based on estimated available tax increment revenue <br />and debt financing structures. <br />D. The Agency and City of Santa Ana (the "City") wish to cooperate <br />with one another to bring about the redevelopment of the Project Area and <br />accomplish various projects and programs set forth in the Redevelopment <br />Plan and the Implementation Plan. <br />CRA Resolution No. 2011-002 <br />Page 1 of 10