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3/4/04 Ies <br />H. The Santa Ana Community Redevelopment Agency ( "Agency ") is <br />vested with the responsibility to carry out the Existing Plans; and <br />I. The Agency desires to amend each of the Existing Plans <br />( "Amendments ") to merge the Project Areas in order to combine the tax <br />increment revenues from the Project Areas and reallocate the revenues to and <br />among the entire merged Project Area that will best facilitate the revitalization of <br />blighted areas through economic vitality and increase and improve housing <br />opportunities; and <br />J. Pursuant to sections 33344.5 and 33344.6 of the California <br />Community Redevelopment Law, the Agency has prepared a preliminary report <br />for transmittal to the affected taxing agencies (the "Preliminary Report ") on the <br />proposed Amendments; and <br />K. State law requires the Agency to consult with affected taxing entities <br />about the proposed Amendments. <br />Section 2. The Preliminary Report for the proposed Amendments, in the <br />form currently on file with the Agency Secretary, is hereby approved. <br />Section 3. The Executive Director is hereby authorized and directed to <br />transmit a copy of the Preliminary Report for the proposed Amendments to all <br />affected taxing entities. <br />