090704 Jt PH Adoption Amend Merger SA Redvlp Proj Areas

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14. Why does the Agency have a need to merge? Is it because some project areas are over performing and others are under performing? If so, is it because blight in those over performing areas has been taken care of? Would you be pulling funds from over performing areas to give to under performing areas? Merging the project areas will make redevelopment of the projects more efficient. The Merger will allow the Agency to address blight elimination where the needs are the greatest and consider what is best for eliminating blighting and increasing the economic vitality for redevelopment citywide rather than by the individual Project Areas. Some of the Project Areas generate more tax increment than others. (South Main Street generates the greatest amount and Bristol Corridor generated the smallest amount). The Merger will allow the Agency to move money from Project Areas which have potentially more increment than required to address the remaining and share the increment with Project Areas with less tax increment and substantial remaining blighting conditions. This does not mean that the Agency will divert all of the tax increment from the higher tax increment generating areas to spend on those will the least tax increment. The Agency's objective to address all of the blighting conditions in all of the Project Areas. It is just as important to complete redevelopment in South Main, as it is Bristol Corridor. Furthermore, redevelopment law prohibits the Agency from allocating the tax increment from one project area to another until the debt obligations of the donor project is met. 15. We have owned a business for 27 years, will this help us improve our business? The Merger will not likely have any effect on your business. The Merger is simply a method for combining tax increment from all of the Project Areas to allocate where needs are the greatest. Much of the Agency's assistance is in response from developers or at the owner's request. There may be the potential for Agency assistance in expanding or improving your business such as low interest loans for fagade rehabilitation or assisting in the acquisition and site preparing of adjoining property to allow your business to expand. However, these activities are typically done at the initiation of owners or developers. 16. Concerned with widening of the streets and taking of businesses. The concern of street widening was specific to Bristol Corridor, which is undergoing a street _ widening. The street widening project is a City project and not a redevelopment project. The distinction is that the City is funding and constructing the improvements, the project is not being funded with redevelopment dollars. Persons who were concerned with the Bristol Corridor widening were directed to speak with a public works staff person after the meeting. Supplement to the Report to the City Council for the Keyser Marston Associates, Inc. Merger of the Santa Ana Redevelopment ProjectsEXHIBIT 4 Page 11 PA0408010SNTALKIP 19090.003.007/091MOM4 4 -29