Laserfiche WebLink
F. EXPENDITURES <br />Background <br />The Agency has the legal authority and flexibility to implement the revitalization of the Merged <br />Project Area utilizing any or all of the following revenue sources: (1) city; (2) state; (3) federal <br />government; (4) tax increment funds In accordance with provisions of the existing CRL; (5) new <br />tax allocation bonds; (6) interest income; (7) loans from private financial institutions; (8) lease or <br />sale of Agency -owned property; (9) donations; (10) developer payments, and (11) any other <br />legally available public or private sources. <br />Current provisions of the CRL provide authority to the Agency to create indebtedness, issue <br />bonds, borrow funds or obtain advances in implementing and <br />a redevelopment plan. The Agency is authorized to fund that'. <br />indebtedness, bond issues, borrowed funds or adv <br />other funds available to the Agency. To the extent <br />supply additional assistance through City loans c <br />project costs. 11\ \ <br />The redevelopment program described <br />implemented by the Agency fo e p <br />Project Area, eliminating p sical d E <br />analysis, Housing Set- side ve ue <br />Housing Compon sectio <br />in out the specific intents of <br />=. 11 <br />I and interest on the <br />tax ' cremant revenue and any <br />to so, the City may also <br />ario s o lic facilities or other <br />a set of abtWies to be <br />reinvestment in the Merged <br />;es. For purposes of this <br />Tres are presented in the <br />The Goals and ObI ctiv, IS, rod a�rr syand Expenditures included in this <br />Implementation Plan fIs th An c I c straints of the Agency to implementing the <br />Redevelopment Plan o I th f' e -y ar m of the Implementation Plan. As mentioned earlier <br />and shown below over the ext five ear period, the Agency's revenues have been committed <br />to paying existing debt. As "t, the Agency has very little latitude with the discretionary <br />actions that it may undertake. Agency discretionary actions will be primarily limited to assisting <br />developers or owners that can front the costs for development on projects that are not <br />financially feasible with the agreement that the developer will be repaid from tax increment <br />generated from the proposed development. Should substantial new development occur or <br />property sales that exceed current trends, there may be additional discretionary revenues <br />available to fund projects. <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 16 <br />0504021.SA <br />19090.004.001/4 /2212005 <br />