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amendment adopted on January 20, 2004, by Ordinance No. NS -2641 extended the <br />time limit to incur debt to coincide with the plan effectiveness limit of July 6, 2022. The <br />proposed Merger will be the fifth amendment to the South Main Redevelopment Plan. <br />Bristol Corridor Redevelopment Plan <br />The Bristol Corridor Redevelopment Project was adopted on December 4, 1989, by <br />Ordinance No. NS -2039. The Bristol Corridor Redevelopment Plan was amended on <br />October 3, 1994, by Ordinance No. NS -2231 to exempt certain properties from eminent <br />domain. On October 3, 1994, in accordance with AB 1290, the plan was amended a <br />second time by Ordinance No. NS -2234 to establish certain time limits including a time <br />limit on incurring debt of December 4, 2009; a time limit on plan effectiveness of <br />December 4, 2024, and limit on receipt of tax increment/repayment of debt of December <br />4, 2034. On August 2, 1999, the third amendment adopted by Ordinance No. NS -2396 <br />extended the time limit on plan effectiveness by 5 years to December 4, 2029, and the <br />limit on receipt of tax by 5 years to December 4, 2039, to coincide with the maximum <br />time limits prescribed by AB 1290 as amended by a summary ordinance in accordance <br />with AB 1342. The proposed Merger will be the fourth amendment to the Bristol Corridor <br />Redevelopment Plan. <br />C. GOALS AND OBJECTIVES <br />The Agency's Five -Year (2000 -2005) Implementation Plan outlines various <br />Redevelopment Plan goals and objectives for each of the Project Areas. In general, the <br />goals and objectives are summarized below, and are outlined for each of the Project <br />Areas on Table 3. <br />1. Eliminate physical blight. <br />2. Create new employment opportunities. <br />3. Encourage uniform and consistent land use patterns. <br />4. Encourage private commercial /industrial rehabilitation, development, and capital <br />investment. <br />5. Implement the City's General Plan. <br />6. Encourage highest and best use of available land consistent with the General <br />Plan. <br />7. Provide or replace public streets, alleys, parks, sidewalks, sewers, storm drains, <br />traffic signals, lighting systems, and other public facilities and improvements as <br />necessary. <br />Report to the City Council for the Merger of the Page 13 of 190 Keyser Marston Associates, Inc. <br />Santa Ana Redevelopment Projects Page 8 <br />PA0403012.8NTA:GK:9bd <br />19090 nni noWngl9F /Od <br />