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6/14/11 LES and/or educational facility with parking area. This finding is made pursuant to Health & Safety Code § 33334.2(g)(1). K. The Agency finds and declares, pursuant to Health & Safety Code § 33420.2, that because of the magnitude and severity of the graffiti within its Merged Redevelopment Project Area, any actions that the agency determines are necessary to remove graffiti from public or private property may be taken in order to effectuate the purposes of the redevelopment plan, and such removal actions shall assist with the elimination of blight, as defined in section 33031. L. The Agency finds and declares, pursuant to Health & Safety Code §33445 that certain publicly owned improvements shall be constructed or improved, financed partially or wholly, as determined by the Executive Director, with Agency funds within or without the project areas, thereby constituting debt of the Agency. The legislative body has determined that the facilities, structures or other improvements listed in the Capital Improvement Plan (CIP) and the Agency's Proposed Budget for fiscal year 2011-2012 outside of the Merged Redevelopment Project Area, are of benefit to the Merged Redevelopment Project Area or the immediate neighborhood in which the project(s) are located. These projects include the proposed open space park and recreational facility to be constructed on the Agency owned properties on McFadden Avenue by using funds from the South Main Corridor. Further, no other reasonable means of financing the buildings, facilities, structures, or other improvements are available to the community; and the payment of funds for the cost of the facilities, structures or other improvements will assist in the elimination of one or more blighting conditions inside the project area or provide housing for low- or moderate-income persons, and is consistent with the implementation plan adopted by the Agency pursuant to Health & Safety Code §33490. M. The Agency has reviewed the Amended Agreement between the City of Santa Ana and the Community Redevelopment Agency of the City of Santa Ana for Financial Operating Services ("Operating Agreement") and hereby updates and reaffirms said Agreement with the Second Amended Operating Agreement. Section 2. The fiscal year 2011-2012 budget of the Community Redevelopment Agency of the City of Santa Ana is hereby approved and adopted pursuant to Health & Safety Code §33606. Section 3. This Resolution shall take effect immediately upon its adoption by the Agency Board, and the Agency Secretary shall attest to and certify the vote adopting this Resolution. CRA Resolution No. 2011-008 Page 3 of 4