031504 RESO Prelim Rprt Rec-File Plan Amend Merger SA Redvlp Proj

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3/4/04 LES G. The "Existing Plans" consist of the Redevelopment Plans, as amended, prepared for the Central City Project, Inter -City Project, North Harbor Project, South Harbor Project, South Main Project, and the Bristol Corridor Project and the territory included within the Existing Plans is referred to as the "Project Areas "; and H. The Santa Ana Community Redevelopment Agency ( "Agency ") is vested with the responsibility to carry out the Existing Plans; and I. The Agency desires to amend each of the Existing Plans ( "Amendments ") to merge the Project Areas in order to combine the tax increment revenues from the Project Areas and reallocate the revenues to and among the entire merged Project Area that will best facilitate the revitalization of blighted areas through economic vitality and increase and improve housing opportunities; and J. Sections 33346, 33356 and 33453 of the Community Redevelopment Law (Health and Safety Code Section 33000 et seq.) provide that, prior to a joint public hearing on a proposed amendment to a redevelopment plan, the redevelopment agency shall submit the proposed changes to the planning commission; and K. The Agency has prepared and completed in draft form the Amendments to the Existing Plans which are attached hereto as Exhibits A — F and incorporated herein by this reference. Section 2. The proposed Amendments to the Existing Plans in draft form attached hereto as Exhibits A — F, are hereby received and filed by the Agency, and the Agency is authorized to transmit a copy of the Amendments to affected taxing entities as part of the Agency's ongoing effort to consult with those entities about the proposed Amendments. Section 3. The Executive Director of the Agency is hereby authorized and directed to transmit a copy of the Amendments to the Planning Commission of the City of Santa Ana for its report and recommendation.