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a time limit on incurring debt (July 2, 2008) and established a limit on initiating eminent
<br />domain proceedings by 12 years (December 1, 1986). The third amendment adopted by
<br />Ordinance No. NS -2234 on October 3, 1994, amended the plan to reduce the time limit
<br />on incurring debt (January 1, 2004) and establishes a limit for the receipt of tax
<br />increment /repayment of debt (July 2, 2018). The fourth amendment adopted on May 6,
<br />1996, by Ordinance No. NS -2290 extended the Agency's eminent domain authority
<br />within the project area by 12 years until May 6, 2008. The fifth amendment to the
<br />redevelopment plan adopted by Ordinance No. NS -2396 on August 2, 1999, extended
<br />plan effectiveness limit by ten years (July 2, 2013) and the limit on receipt of tax
<br />increment /repayment of debt by five years (July 2, 2023) to the maximum permitted by
<br />Assembly Bill 1290 ( "AB 1290 ") as permitted by Assembly Bill 1342 ( "AB 1342 "). The
<br />proposed Merger amendment will be the sixth amendment to the Central City
<br />Redevelopment Plan.
<br />Inter -City Commuter Station Redevelopment Project
<br />The Inter -City Commuter Station Redevelopment Project was adopted on July 6, 1982,
<br />by Ordinance No. NS -1636. On October 3, 1994, in accordance with AB 1290, the Inter -
<br />City Commuter Station Redevelopment Plan was first amended by Ordinance No. NS-
<br />2234 to establish certain time limits including a -time limit on incurring debt of January 1,
<br />2004; a time limit on plan effectiveness of July 6, 2012, and limit on receipt of tax
<br />increment /repayment of debt of July 6, 2022. [The same limits were established for
<br />South Main, South Harbor and North Harbor Redevelopment Plans]. The second
<br />amendment adopted on May 6, 1996 by Ordinance No. NS -2289 extended the Agency's
<br />eminent domain authority within the project area by 12 years until May 6, 2008. On
<br />August 2, 1999, the third amendment adopted by Ordinance No. NS -2396 extended the
<br />time limit on plan effectiveness by 10 years to July 6, 2022, and the limit on receipt of tax
<br />increment by 10 years to July 6, 2032, to coincide with the maximum time limits
<br />prescribed by AB 1290 as amended by a summary ordinance in accordance with AB
<br />1342. The proposed Merger will be the fourth amendment to the Inter -City Commuter
<br />Station Redevelopment Plan.
<br />North Harbor Redevelopment Project
<br />The North Harbor Redevelopment Project was adopted on July 6, 1982, by Ordinance
<br />No. NS -1637. On October 3, 1994, in accordance with AB 1290, the North Harbor
<br />Redevelopment Plan was first amended by Ordinance No. NS -2234 to establish certain
<br />time limits including a time limit on incurring debt of January 1, 2004; a time limit on plan
<br />effectiveness of July 6, 2012, and limit on receipt of tax increment /repayment of debt of
<br />July 6, 2022. The second amendment adopted on May 6, 1996, by Ordinance No. NS-
<br />2291 extended the Agency's eminent domain authority within the project area by 12
<br />years until May 6, 2008. On August 2, 1999, the third amendment adopted by
<br />Ordinance No. NS -2396 extended the time limit on plan effectiveness by 10 years to July
<br />6, 2022, and the limit on receipt of tax by 10 years to July 6, 2032, to coincide with the
<br />Report to the City Council for the Merger of the Page 11 of 190
<br />Santa Ana Redevelopment Projects
<br />PA0403012.SNTA:CK:9bd
<br />Keyser Marston Associates, Inc.
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