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3. Why have they shaded the areas (refers to the project area boundaries) when things <br />have changed considerably? Should the shading be changed? Shouldn't areas be <br />unshaded because of redevelopment? If revitalized, why are they still showing on the <br />map? If I tore my building down and built a new one, would my taxes increase? <br />The shaded areas indicate the boundaries of the Project Areas. The boundaries of the Project <br />Areas are determined at the time of project adoption (unless otherwise amended to add or <br />delete territory). The Project Areas have been in existence from between 15 and 30 years. It is <br />expected that there would be considerable improvement and that properties that are no longer <br />blighted are included in the Project Areas. Because redevelopment is financed from tax <br />increment generated largely from new development (may also be generated from significant <br />rehabilitations and property sales) the improved properties provide the funding to revitalize other <br />properties. If you deleted properties as they were improved there would be no way to finance <br />redevelopment of the balance of the project area. If a building is tore down and a new building <br />is constructed the owner's property tax would increase. However, this is true whether the <br />property is in a redevelopment project or not. The property is not further taxed by its inclusion in <br />a redevelopment project. Redevelopment is a reallocation of property tax and is not a new tax <br />or an increase in property taxes. <br />4. How do I get more information about redevelopment? I did not know I was in a <br />redevelopment area. <br />Several Agency staff people were identified at the meeting. It was suggested that persons <br />having specific questions about their property or needing a more detailed explanation of <br />redevelopment meet with one of the staff persons following the presentation. Agency staff and <br />the consultant remained after the presentation and the conclusion of public comments to answer <br />individual questions that persons did not what to raise in the group forum or for which they <br />wanted additional information. <br />5. What does expiration date mean? <br />Each redevelopment plan has a duration or expiration date. Plans adopted before January <br />1994 have a 40 -year life (or January 1, 2009 whichever is later) with the possibility of a 10 -year <br />extension if certain findings can be made and following the plan amendment process, which <br />includes a public hearing. <br />Supplement to the Report to the City Council for the Keyser Marston Associates, Inc. <br />Merger of the Santa Ana Redevelopment Projects EXHIBIT 4 Page 8 <br />PA040801UNTALKIp <br />19090.003.007/0826 /04 <br />4 -26 <br />