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10. When money is spent for redevelopment, is money spent in these areas or where? <br />Money generated in a redevelopment project area must be spent in that redevelopment project <br />area. When projects are merged any money generated within the merged project area can be <br />spent anywhere within the merged project area. However, money from the redevelopment <br />project areas cannot be spent outside the redevelopment project areas. The money is to be <br />spent on revitalization of the project areas. There are some instances in which affordable <br />housing money can be spent citywide but that is the exception. <br />11. When you say housing redevelopment, what does it mean? <br />The Agency can spend money on both market rate and affordable housing. However, a <br />specified amount must be spent on affordable housing. This restricted affordable housing fund <br />can be used for the preservation (e.g. rent subsides to maintain affordability), rehabilitation and <br />development of affordable housing. Any type of housing can be developed or rehabilitated <br />including single family, apartments and condominiums. <br />12. Does a conditional use permit affect my building? If I put money into my building, I don't <br />want you to come and take it away from me. <br />There is not special or additional permitting process for properties included in the <br />redevelopment project areas. The purpose of redevelopment is to encourage and assist owners <br />in investing in their property. The Agency's objective is to assist in the rehabilitation and <br />redevelopment of properties that are deteriorated, obsolete and underutilized. The Agency is <br />not interested in purchasing rehabilitated properties because they already meet the <br />redevelopment objectives. In the unlikely event that the Agency would acquire a rehabilitated or <br />redevelopment property because it was a necessary and essential parcel needed for some <br />larger redevelopment goal the Agency would have to pay fair market value for the property as <br />improved. Eminent domain provisions are not changed or affected by the Merger. <br />13. Will projects be dropped out at the end of its life? <br />Yes. Although the Project Areas will be merged they will retain there separate duration dates. <br />For example the oldest redevelopment project, the Central City Redevelopment Project, is set to <br />expire on July 2, 2014. After that date the Agency cannot initiate any new redevelopment <br />efforts in that project area and has 10 years (until 2024) to collect tax increment and repay any <br />remaining debt from that project area. After the Central City Project Area is terminated the other <br />remaining project areas within the Merged Project Area will continue to implement until their <br />respective termination dates. <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 10 <br />PA0408010.SNTALKJp <br />19090,003.007108/2M4 <br />O <br />