19D - EXHIBIT FY 10-11 RDA Annual Report

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COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA Management's Discussion and Analysis (Continued) Year Ended June 30, 2011 (Unaudited) revised to accommodate adoption of SB 975, which mandated prevailing wage for construction work paid for, in whole or in part, with public funds. Since 2000, the Agency has funded 23 rebates. For fiscal year 2010 — 2011, two applications were approved for reimbursement of over $25,404. Currently, we are investigating improved ways to provide assistance to the businesses on South Main Street. South Main Building Renovation Program: On February 24, 2011, the Agency released a Request for Proposals (RFP) for a consultant to assist in the development of a South Main Building Renovation Program. The program will consist of the Agency funding all of the necessary exterior building improvements in a targeted area, including design, construction and oversight for the South Main Corridor. The first phase of the program is to develop the initial program design, including data collection, initial community outreach, program parameters and drafting an initial program design document. The RFP selection process was completed, and on June 21, 2011, a consultant agreement with ABACUS Project Management, Inc. was presented to the Community Redevelopment and Housing Commission for recommendation. The next step will be to present the consultant agreement to the Agency Board for approval, once the Agency can legally take formal action. • Public Parking Lot Acquisition - 301 S. Sycamore and 300 S. Main Street: Shortly upon adoption of the South Main Project Area, the Agency pursued the creation of several public parking lots along the South Main Street Corridor. Having leased property for one of the parking lots for many years, the Agency attempted (unsuccessfully) to acquire the property. However, in 2009, the subject property owner approached the Agency regarding purchasing their property. The Agency acquired the property in early 2011, with the purpose to continue providing off street parking that services the local businesses along the corridor. Santa Ana Lofts: Located in Downtown and adjacent to the Artists Village, developer City Ventures completed construction on a 16 unit for -sale development on a .55 acre site, within the framework of two buildings. The new development consists of a collection of artists' lofts and live /work residences. All 16 units have been completed and sold. The unique project focused on the arts community and will bolster the success and growth of the Artists Village. • Downtown Facade Improvement Rebate Program:. The Santa Ana Downtown Facade Improvement Rebate Program was approved by the Redevelopment Agency in July 2008, to encourage economic revitalization and to promote urban renewal in the Downtown area, while maintaining its historic and cultural traditions. The program provides financial assistance based on a sliding scale and is capped at $75,000 per business within the designated target area to improve storefronts. For fiscal year 2010 -2011, the Pacific Building facade improvement project was completed. This building, located at the corner of Broadway and 3rd Street, rehabilitated approximately 6,000 sq. ft. of commercial space that is completely leased to three different businesses, including the Chapter One restaurant. The East End project (formerly known as Fiesta Market Place) was also under construction for a significant part of this fiscal year, with approximately 75% of the project completed. This project is scheduled for completion in November 2011. E'?