090704 Jt PH Adoption Amend Merger SA Redvlp Proj Areas

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JT Public Hearing -- Adoption of Amendments of the Santa Ana Redevelopment Project Areas September 7, 2004 Page 3 Station, North Harbor, South Harbor, South Main, and Bristol Corridor. Each of the Project Areas has existing plans addressing the revitalization of the blighted areas through increased economic vitality and increased and improved housing opportunities. Community Redevelopment Law provides for a redevelopment agency to merge the project areas in order to combine the tax increment revenues from all the project areas and allocate the revenue among the entire merged project area that will best facilitate the implementation of the redevelopment plans for each project area. The proposed plan Amendments (Exhibit 1) are considered technical amendments that will not add territory to the Project Areas, increase the tax increment limit, affect the plan termination date, or change the eminent domain authority. When merging project areas, the Community Redevelopment Law allows an agency to amend existing redevelopment plans without requiring the documentation of significant blight or remaining blight findings within the project areas. As part of the process to amend the redevelopment plans, the Community Redevelopment Law provides that the City Council and Community Redevelopment Agency hold a joint public meeting to receive testimony on the proposed Amendments. On July 19, 2004, the City Council and Community Redevelopment Agency adopted resolutions receiving and approving the Report to Council (Exhibit 2) and setting the time and place for the joint public hearing. The time and place of the public hearing has been noticed in accordance with the Law for five consecutive Mondays in the Orange County Register beginning August 2, 2004 (Exhibit 3). Additionally, a community information meeting was held on August 10, 2004, to discuss the proposed Amendments. The Supplement to the Report to Council includes a summary of the presentation and public input. The Supplement also includes the summary of consultations with affected taxing agencies and an explanation that the Amendment numbering has been increased by one for each Redevelopment Project to reflect the May 17, 2004, passage of an Ordinance extending the duration of each project area by one year as permitted in response to the State mandated contribution to the Educational Revenue Augmentation Fund (ERAF) (Exhibit 4). Notification of the joint public hearing and community information meeting was sent to all property owners and occupants within the six Project Areas by First Class mail on July 30, 2004 (Exhibit 5) . Also, 4 -3