090704 Jt PH Adotpion Amend Merger SA Redvlp Proj Areas EXHIBIT 2

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A. REDEVELOPMENT PROGRAMS 1. Economic /Community Development Economic /Community Development program will consist of the Agency enhancing the Merged Project Area by assisting in the commercial and industrial rehabilitation/ development through business retention /attraction, rehabilitation loans and site assemblage. The Agency's efforts in this program will provide new and expanded opportunities to existing businesses as well as encourage the revitalization of the proposed Merged Project Area through new commercial and industrial development/ rehabilitation. Rehabilitation loans provided by the Agency could also assist in the preservation of historic structures through rehabilitation, relocation and reuse. The Agency will primarily assist private developers in the development/ redevelopment of vacant, underutilized and blighted properties and will include, as necessary, the development of parking structures to create additional off - street parking. 2. Public Facility Development Public facility -based projects focus on the need for new or improved public facilities such as parks, community centers, and cultural centers and facilities. The Agency may participate financially in providing upgraded or new park facilities that are of benefit to the Merged Project Area by providing adequate recreational facilities in the proposed Merged Project Area. The Agency proposes to provide assistance in the development of art and cultural facilities including adequate parking facilities and assistance in the overall attraction of artists and art galleries to the Artists Village. 3. Infrastructure Improvements Infrastructure improvements include projects that will assist with the future development of the Merged Project Area including, but not limited to, the following: 1) transportation and circulation improvements which may entail street widening, construction of street medians, land configuration, street maintenance, and improved traffic signalization; 2) sewer improvements to alleviate infrastructure inadequacies, meet flow requirements and ensure public safety; 3) storm drain improvements including capacity for existing and new development to ensure proper drainage and on -going street improvements of Merged Project Area streets; and 4) public infrastructure improvements including sidewalks, curbs and gutters, streetscape improvements, public transit improvements, create pedestrian links and develop enhanced parkways and sidewalks, and provide access to the disabled. 4. Housing Program As required by State law, not less than 20 percent of tax increment funds allocated to the Agency pursuant to CRL Section 33670 must be deposited into the Housing Fund to be used to assist in increasing, improving and preserving the City's supply of low and Report to the City Council for the Merger of the Page 19 of 190 Santa Ana Redevelopment Projects PA0403012.SNTA:CK:9bd 19090.003.004108128104 Keyser Marston Associates, Inc. Page 14