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REVISED 04 -28 -05 <br />3.A. FIVE YEAR IMPLEMENTATION PLAN <br />Recommended Action: <br />Approve the Implementation Plan for the merged redevelopment <br />project areas covering fiscal years 2005 -2006 through 2009 -2010. <br />Legal Notice was published in the Orange County Register, the La Opinion, <br />and the Nguoi Viet on April 1, 8, 15, and 22, 2005. <br />Recommended action approved by the Community Redevelopment and <br />Housing Commission by a vote of 3:1 (Turner, opposed; Betancourt, <br />Robles, and Rodriguez absent) at its Special Meeting on April 28, 2005. <br />JOINT SESSION <br />CITY COUNCIL / COMMUNITY REDEVELOPMENT AGENCY <br />4. PAYMENT TO EDUCATIONAL REVENUE AUGMENTATION FUND AND <br />AN ORDINANCE AMENDING THE MERGED REDEVELOPMENT PLAN <br />TO EXTEND CERTAIN TIME LIMITS <br />CITY COUNCIL ACTION: <br />Recommended Action: <br />1. Adopt an ordinance extending time limits on the effectiveness of <br />the redevelopment plans and extending the time limit on the use <br />of tax increment to repay indebtedness by one year for eligible <br />project areas and making certain required findings. <br />2. Approve an appropriation adjustment transferring loan funds <br />from the Low and Moderate - Income Housing Fund to <br />redevelopment project area funds to make the necessary <br />payment to the County Educational Revenue Augmentation <br />Fund as required by legislation implementing the California <br />State Budget for FY 2004 -2005. <br />CRA AGENDA 4 MAY 2, 2005 <br />