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• City Manager <br />May 21, 2009 <br />Page 2 <br />FY 2009-2010 PRIORITY OBJECTIVES <br />• Implement the American Recovery and Reinvestment Act programs (NSP, CDBR-R, <br />WIA, HPRP) <br />• Transition applicable roles and responsibilities of the Downtown office to Downtown, <br />Inc. <br />• Select a developer and commence master planning efforts for the Station District. <br />• Retain and attract "green" businesses in Santa Ana. <br />• Commence "close out" of the Empowerment Zone program. <br />• Select a developer and commence construction on the first phase of the 29 infill housing <br />sites. <br />• Implement the Downtown Facade Improvement Program. <br />• Continue to provide support to the neighborhood organizations and related task force <br />efforts to address "hot spots". <br />• Participate in the design/engineering/outreach efforts related to the Go Local street car <br />project. <br />• Effectively manage Agency financial resources to address continuing budget challenges. <br />The $109,525,315 Community Development Agency annual budget reflects a number of <br />revenue sources including $57,549,235 in tax increment revenue, which represents 52.5 <br />percent of the total budget and $ 28,208,205 or 25.8 percent from the federal Housing <br />Voucher Program. <br />Of the Agency's proposed expenditures for FY 09-10, 25.5 percent is dedicated toward <br />existing debt service and outstanding obligations; 18.6 percent for the administration of <br />Agency operations; 23.3 percent for the HUD Voucher Program; 2.1 percent for payments to <br />subagents and other contractors; 16.3 percent to the implementation of capital projects; and <br />7.4 percent to commercial and residential loans and rebates. While limited tax increment <br />revenues have impacted the number of capital projects funded, infrastructure-related <br />improvements throughout the project areas continue to be emphasized as revenues permit. <br />The 2009-2010 budget will continue to provide the resources to assist the City in achieving <br />its goals. Thank you for your direction and support in its formulation. <br />Cynthia J. Nelson <br />• <br />CRA Resolution No. 2009-009 <br />Page 5 of 7