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090704 Jt PH Adoption Amend Merger SA Redvlp Proj Areas
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09/07/04
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090704 Jt PH Adoption Amend Merger SA Redvlp Proj Areas
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Finally as a technical correction, subsequent to the preparation of the draft <br />Amendments, the City Council on May 17, 2004, by Ordinance No. NS -2652, amended <br />the six existing Redevelopment Plans to extend the time limits for plan effectiveness and <br />receipt of tax increment by one additional year as allowed under Senate Bill 1045 (ERAF <br />payment relief). These SB 1045 amendments are currently not described or <br />acknowledged within the background section of the proposed Amendments. Therefore, <br />for consistency purposes and acknowledgement of the recent SB 1045 amendments, <br />the proposed Amendments have been revised to update the amendment number to <br />reflect the adoption of the SB 1045 ordinance. For example, the merger amendment <br />for Bristol Corridor previously referred to as the Fourth Amendment is now the Fifth <br />Amendment to the Redevelopment Plan for the Bristol Corridor Redevelopment Project. <br />The extension of the proposed Amendments in accordance with SB 1045 is only for one <br />year for the purpose of repaying the Agency's ERAF payment and does not significantly <br />change the conclusions of the financial feasibility analysis contained within the Report. <br />The revised and updated Amendments are included within this Supplement as <br />Attachment A. <br />B. ORGANIZATION OF THE SUPPLEMENT <br />The part and section numbers contained in this Supplement correspond to the part and <br />section numbers used in the Report on the proposed Amendments. The following pages <br />contain the whole section of each section within the Report that was updated with <br />additional information. This Supplement addresses the following section within the <br />Report: <br />Community Consultations (Section VIII) — incorporates revisions to this section <br />including a summary of the joint public hearing noticing and mailing, the <br />Community Information Meeting, the Agency and City Council resolutions <br />consenting to holding a Joint Public Hearing, and the transmittal of the letter to <br />the Department of Housing and Community Development. <br />2. Summary of Consultations with Affected Taxing Agencies (Section XI) — <br />incorporates revisions to sub - section B. (Summary of Consultations with <br />Affected Taxing Agencies) to include any discussions with affected taxing entities <br />and note the required transmittal of the joint public hearing notice. <br />3. Although not a separate section, this Supplement includes the revised <br />Amendments as an attachment with the corrected Amendment numbering. <br />Supplement to the Report to the City Council for the Keyser Marston Associates, Inc. <br />Merger of the Santa Ana Redevelopment ProjectsEXHIBIT 4 Page 2 <br />PA0408010.SNTA:CK:Ip <br />1909M03.007106/26104 <br />4 -20 <br />
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