Laserfiche WebLink
Current and Prospective Projects <br />As mentioned above, the majority of the Agency's revenues are going towards the repayment of <br />debt. However, the Agency has budgeted funding (FY 2005 -06) for a few existing projects that <br />are in various stages of completion or have been completed and are receiving funding for either <br />debt service on the project or as part of an agreement with the Agency. These projects include <br />the continuing street improvements along South Main Street and specifically to the intersection <br />of 1st and Main Streets. The Agency also has contracted obligations for the development of <br />Main Place, the Santa Ana Auto Mall, Sycamore Garage and Doubletree Hotel. <br />The Agency may undertake additional projects depending on the availability of funding. As <br />mentioned above tax increment funds may vary from the projected increment depending on the <br />amount of new development, substantial rehabilitation and prop transfers which sell above <br />the previous sales price that generates the tax increment. a Ag cy has been approached <br />by the private sector for the implementation of prospects project ithin the Merged Project <br />Area. The following is a list of prospective projects at c ntl in the process of <br />negotiations or development with the Agency for ssist e. <br />Expansion of the Bowers <br />Expansion of the Discow <br />Nexus and coElive/ <br />Auto Mall exp <br />Phase III h <br />Facilitate the <br />Center) <br />(live /work lofts near the Transportation <br />For purposes of this Plan, it ' as med that these projects listed above will be approved and <br />implemented. During the five- ear Plan period, these projects may be completed or may only <br />consist of limited activities such as demolition and groundbreaking and therefore may also <br />require funding during the subsequent five -year implementation plan period (July 2010 through <br />July 2015). Because these projects are tentative due to on -going negotiations and discussions, <br />the amount of Agency assistance (i.e., Agency expenditures) have not been determined and <br />therefore are not included in Section F. EXPENDITURES of this Plan. <br />Santa Ana Community Redevelopment Agency Implementation Plan Keyser Marston Associates, Inc. <br />For the Merged Santa Ana Redevelopment Project Area July 1, 2005 to June 30, 2010 <br />.Page 15 <br />0504021.SA <br />19090,004.00114122/2005 <br />