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Home My WebLink About55C-MERGER S.A. REDEV PROJ AREA REQUEST FOR COUNCILJAGENCY . ACTION MEETING DATE: A CLERK OF COUNCIL USE ONLY: HAllCR 15, 2004 TITLE: APPROVED 0 As Recommended 0 As Amended 0 Ordinance on 1at Reading 0 Ordinance on 2nd Reading 0 Implementing Resolution 0 Set Public Heartng For JUCSOLUTIONS AJilPROVDIG '1'HB PJUCLDlIRAR1' REPOR'l' AND RECmIVJ: AND I'ILB '1'HB PROPOSBD PLII1iI AIŒIIDIII!:N'l'S I'OR 'l'HE DRGER 01' '1'HB SAN'l'A ANA REDJIN'BLOPIIIC!I'1' PROJBC'l' AREAS UtZ-- CITY MANAGER CONTINUED TO FILE NUMBER RECOMMENDED ACTION .CITY COt7HCIL AC'l'ION Adopt a resolution finding that a project area cormnittee need not be formed in relation to the proposed redevelopment plan amendments to merge the existing Santa Ana Redevelopment Project Areas. COIIIICRITY REDBVBLOPIIBN'l' AGBIICY AC'l'ION 1. Adopt a resolution approving the preliminary report for the proposed redevelopment plan amendments for the merger and authorize the transmittal of said report. . 2. Receive and file the proposed redevelopment plan amendments and refer the proposed amendments to the Planning Commission for its recommendation. 3. Direct the Agency General Counsel to prepare and authorize the Executive Director to execute an agreement with Jart Direct Mailing Services in amount not to exceed $35,000. . 55C-1 Resolutions Approving the Preliminary Report and Receive and File the proposed plan Amendments for the Merger of the Santa Ana Redevelopment Projects March 15, 2004 Page 2 COIIIIONITY REDZVBLOPIIBII'l' AND HOUSnIG COIIIIISSION RECOIOØNDA'l'ION Recommended that the Community Redevelopment Agency: 1. Adopt a resolution approving the preliminary report for the Proposed redevelopment plan amendments for the merger and authorize the transmittal of said report. 2. Receive and file the proposed redevelopment plan amendments and refer the proposed amendments to the Planning commission for its recommendation. By a vote of 6:0 (Rodriguez absent) at its Regular Meeting of March 2, 2004. DISCUSSION The Community Redevelopment Agency of the City of Santa Ana currently has six redevelopment project areas: Central 'City, Inter City Commuter Station, North Harbor, South Harbor, South Main and Bristol Corridor. Each of the project areas has existing plans addressing the revitalization of the blighted areas through increased economic vitality and increased and improved housing opportunities. Existing Community Redevelopment Law provides for a redevelopment agency to merge the project areas in order to combine the tax increment revenues from all the project areas and allocate the revenue among the entire project area that will best facilitate the implementation of the redevelopment plans for each project area. The proposed plan amendments (Exhibit 1) are considered technical amendments which will not add territory to the project areas, increase the tax increment limit. or affect the plan termination date. Community Redevelopment Law allows an agency to amend existing redevelopment plans without requiring the documenting of significant blight or remaining . blight findings within the project areas. ' As pa:J:'t of the process to amend the redevelopment plans, the Community. Redevelopment Law requires that specific information regarding the proposed amendment be provided to the affected taxing entities and to the . Planning Cormnission prior to the adoption of the proposed amendments. In order to meet this requirement, the Preliminary Report 55C-2 ,.-' Resolutions Approving the Preliminary . Report and Receive and File the Proposed plan Amendments for the Merger of the , Santa Ana Redevelopment Projects March 15, 2004 Page 3 (Exhibit 2) and proposed amendments will be provided. The next step in the CEQA process is the issuance of a Notice of Intent to adopt a Negative Declaration, which will be provided to the public and the apP:t'opriate public agencies. Under specific circumstances, the Community Redevelopment Law also requires that a project area committee be formed. The proposed amendments are a plan merge:t' for economic :t'easons only and will not grant additional eminent domain authority. or add territory to the project areas. Therefore. a project area committee need not be formed in connection with the proposed amendments. Final :t'eview and adoption of the proposed plan amendments envi:t'onmental documents will be conside:t'ed for approval by the Council and Agency after a public hea:t'ing is held on the proposed amendments in the summer of 2004. . It is also reconunended that the Agency enter into a cont:t'act with Jart Direct Mailing Services to handle the direct noticing of all affected prope:t'tyowne:t's, tenants and business owners. . and City plan I!:NVJ:ROIUØN'l'AL DlPAC'l' There is'no environment impact associated with this action. This action involves only the preliminary steps for plan amendment and does not cormnit the City or Agency. I':tSCAL DlPAC'l' There is no fiscal impact associated with this action. . ' II ~J.A' John ~ Reekstin Execu ive Directo:t' .community Development JPR/NE/mlr Agency HI""tions12004CCIJT CC-CRA Re808ApprovProlimRpt""""ld'iloPropPl_t8fo_rgerRodeVl'roj80to 3-15-04 55C-3 EXHIBIT A PROPOSED SIXTH AMENDMENT TO THE REDEVELOPMENT PLAN FOR THE CENTRAL CITY REDEVELOPMENT PROJECT EXBIBU' 1 1 55C-4 .. --,- . . . SIXTH AMENDMENT TO THE REDEVELOPMENT PLAN FOR THE CENTRAL CITY REDEVELOPMENT PROJECT BACKGROUND The Redevelopment Plan ('Radevelopment Plan") for the Central City Redevelopment Project ('Project" or 'Project Area") was adopted by the City Council of the City of Santa Ana ("City Council') on July 2, 1973 by Ordinance No. 1173. The Project Area is comprised of approximately 694 acres located In the central and northem portions of the City. The Redevelopment Plan has been amended on June 2,1975 by Ordinance No. 1258, on December 1, 1986 by Ordinance No. NS-1877, on October 3, 1994 by Ordinance No. 2234. on May 6,1996 by Ordinance No, NS-2290, and on August 2, 1999 by Ordinance No. 2396. The, Santa Ana Community Redevelopment Agency ('Agency") is proposing a sixth amendment ('Sixth Amendmenr¡ to the Redevelopment Plan, the sole purpose of which is to merge the Project Area with the Inter-Clty Commuter Station Redevelopment Project, North Harbor Redevelopment Project, South Harbor Redevelopment Project, South Main Redevelopment Project, and the Bristol Corridor Redevelopment Project ('Merged Projects'), No amendment Is proposed to the financial or time limits or the boundaries of the Project Area. The financial and time limits in effect and stated in the Redevelopment Plan, as amended, for the Project Area shall remain in force and effect, The Redevelopment Plan is hereby further amended to include a new Part IX to the Redevelopment Plan to read as follows: IX. MERGER Upon the effective date of the ordinance adopting the Sixth Amendment to the Rec!evelopment Plan, and provided the ordinances become effective amending the Redevelopment Plans for the Merged Projects, the Central City Redevelopment Project will hereby be merged with the Inter-Clty Commuter Station Redevelopment Project, North Harbor Redevelopment Project, South Harbor Redevelopment Project, South Main Redevelopment Project, and the Bristol Corridor Redevelopment Project, collectively referred to as the 'Merged Redevelopment Projects". EXHIBI'l' 1 2 PAD401011,SNA,CK"bd """,OO3.OWO2I23IO4 55C-5 EXHIBIT B PROPOSED FOURTH AMENDMENT TO THE REDEVELOPMENT PLAN FOR THE INTER-CITY COMMUTER STATION REDEVELOPMENT PROJECT BXBI~I'l' 1 3 55C-6 '--'-'..'."'-"- . . . FOURTH AMENDMENT TO THE REDEVELOPMENT PLAN FOR THE INTER-CITY COMMUTER STATION REDEVELOPMENT PROJECT BACKGROUND The Redevelopment Plan ("Redevelopment Plan") for the Inter-City Commuter Station Redevelopment Project ("Project" or "Project Area") was approved and adopted by the City Council of the City of Santa Ana ("City Council") on July 6, 1982 by Ondlnance No. NS-1636, The Project Area contains approximataly 536 acres, The Redevelopment Plan has been amended on October 3, 1994 by Ondlnance No. 2234, on May 6, 1996 by Ondinance No, NS- 2289, and on August 2, 1999 by Ondinance No, 2396, The Santa Ana Community Redevelopment Agency ("Agency') Is proposing s fourth amendment ("Fourth Amendment") to the Redevelopment Plan, the sole purpose of which Is to merge the Project Area with the Central City Redevelopment Project, North Harbor Redevelopment Project, South Harbor Redevelopment Project, South Main Redevelopment Project, and the Bristol Corridor Redevelopment Project ("Merged Pnojects"). No amendment is proposed to the financial or time limits or the boundaries of the Project Area. The financial and time limits stated In the Redevelopment Plan, as amended, for the Project Area shall nemaln In force and effect. The Redevelopment Plan Is heneby further amended to Include a new Part X to the Redevelopment Plan to nead as follows: X. (§1000) MERGER Upon the effective date of the ondlnance adopting the Fourth Amendment to the Redevelopment Plan, and provided the ondlnances become effective smending the Redevelopment Plans for the Merged Pnojects, the Inter-Clty Commuter Station Redevelopment Pnoject will hereby be merged with the Central City Redevelopment Project, North Harbor Redevelopment Project, South Harbor Redevelopment Project, ~outh Main Redevelopment Project, end the Bristol Corridor Redevelopment Project, collectively referred to as the "Merged Redevelopment Pnojects", P""",,,'011,SNA.CI<.bd 19090,003,002I02/23/O4 BXHIBI'l' 1 4 55C-7 EXHIBIT C PROPOSED FIFTH AMENDMENT TO THE REDEVELOPMENT PLAN FOR THE NORTH HARBOR REDEVELOPMENT PROJECT EXHIBI'l' 1 5 I 55C-8 -"-"" --....-......---" . FIFTH AMENDMENT TO THE REDEVELOPMENT PLAN FOR THE ' NORTH HARBOR REDEVELOPMENT PROJECT BACKGROUND The Redevelopment Plan ("Redevelopment Plsn") for the North Harbor Redevelopment Project ("Project" or "Project Area") was approved and adopted by the City Council of the City of Santa Ana ("City Council") on July 6,1982 by Ordinance No. NS-1637. ,The Project Area contains approximately 428 acrBS. The Redevelopment PI.an has been amended on October 3, 1994 by Ordinance No. 2234, on May 6, 1996 by Ordinance No, N5-2291 , on August 2, 1999 by Ordinance No. 2396, and on January 20, 2004 by Ordinance No, NS-2641. The Santa Ana Community Redevelopment Agency ("Agency") Is proposing a fifth amendment ("Filth Amendmenr) to the Redevelopment Plan, the sole purpose of which is to merge the Project Area with the Central City Redevelopment Project, Inter-Clty Commuter Station Redevelopment Project, South Harbor Redevelopment Project, South Main Redevelopment Project, and the Bristol Corridor Redevelopment Project ("Merged Projects"). No amendment Is proposed to the financial or time limits or the boundaries of the Project Area, The financial and lime limits stated In the Redevelopment Plan, as amended, for the Project Area shall remain In force and effect. . The Redevelopment Plan Is hereby further amended to include a new Part X to the Redevelopment Plan to read as follows: x. (§1O00) MERGER Upon the effective date of the ordinance adopting the Fifth Amendment to the Redevelopment Plan, and provided the ordinances become effective amending the Redevelopment Plans for the Merged Projects, the North Harbor Redevelopment Project will hereby be merged with the Central City Redevelopment Project, Inter-City Commuter Station Redevelopment Project. South Harbor Redevelopment Project. South Main Redevelopment Project. and the Bristol Corridor Redevelopment Project. collectively referred to as the "Merged Redevelopment Projects", . PA0401011.SNA.""",... '9000,003.00210:1/230001 EXHIBI'l' 1 6 55C-9 EXHIBIT D PROPOSED FIFTH AMENDMENT TO THE REDEVELOPMENT PLAN FOR THE SOUTH HARBOR REDEVELOPMENT PROJECT EXHIBI'l' 1 7 55C-10 . ,--,.."--""-'" . FIFTH AMENDMENT TO THE REDEVELOPMENT PLAN FOR THE SOUTH HARBOR REDEVELOPMENT PROJECT BACKGROUND The Redevelopment Plan ("Redevelopment Plan.) for the South Harbor Redevelopment Project ('Project" or .Project Area.) was approved and adopted by the City Council of the City of Santa Ana (.Clty Council.) on July 6,1982 by Ordinance No. NS.1638. 'The Project Area contains approximately 1,050 acres. The Redevelopment Plan has been amended on August 3, 1992 by Ordinance No. NS-2167, on October 3,1994 by Ordinance No. 2234. on August 2, 1999 by Ordinance No, 2396, and on January 20, 2004 by Ordinance No. NS-2641 , The Santa Ana Community Redevelopment Agency ('Agency") Is proposing a fifth amendment (.Fifth Arnendmenf) to the Redevelopment Plan, the sole purpose of which Is to merge the Project Area with the Central City Redevelopment Project. Inter-City Commuter Station Redevelopment Project, North Harbor Redevelopment Project, South Main Redevelopment Pncject, and the Bristol Corridor Redevelopment Project ("Merged Projects.). No amendment is proposed to the financial or time limits or the boundaries of the Project Area. The financial and time limits stated in the Redevelopment Plan, ss amended. for the Project Area shall remain In force and effect. . The Redevelopment Plan Is hereby further amended to include a new Part X to the Redevelopment Plan to read as follows: ' x. (§1000) MERGER Upon the effective date of the ordinance adopting the Fifth Amendment to the Redevelopment Plan, snd provided the ordinances become effective amending the Redevelopment Plans for the Merged Projects, the South Harbor Redevelopment Project will hereby be merged with the Central City Redevelopment Project, .Inter-City Commuter Station Redevelopment Project, North Harbor Redevelopment Project. South Main Redevelopment Project. and the Bristol Corridor Redevelopment Project, collectively referred to as the 'Merged Redevelopment Projects.. . EXHIBIT 1 8 PA0401011.8NA.ClOO" 'OO9O.oœ,OO2IO2I2&'04 55C-11 EXHIBIT E PROPOSED FIFTH AMENDMENT TO THE REDEVELOPMENT PLAN FOR THE . SOUTH MAIN REDÈVELOPMENT PROJECT EXHIBI'l' 1 9 55C-12 '--" . FIFTH AMENDMENT TO THE REDEVELOPMENT PLAN FOR THE' SOUTH MAIN REDEVELOPMENT PROJECT BACKGROUND The Redevelopment Plan ("Redevelopment Plan") for the South Main Redevelopment Project ("Project" or "Project Area") was approved al1d adopted by the City Council of the City of Santa Ana ("City Council") on July 6, 1982 by Ordinance No. NS-1639. The Project Area contains approximately 1,500 seres, The Redevelopment Plan has been amended on October 3, 1994 by Ordinance No. 2234, on July 17, 1995 by Ordinance No. NS-2256, on August 2, 1999 by Ordinance No. 2396, and on January 20,2004 by Ordinance No. NS-2641 , The Santa Ana Community Redevelopment Agency ("Agency") Is proposing a fifth amendment ("Fifth Amendmenf) to the Redevelopment Plan, the sole purpose of which is to merge the Project Area with the Central City Redevelopment Project, Inter-èlty Commuter Station Redevelopment Project, North Harbor Redevelopment Project, South Harbor Redevelopment Project, snd the Bristol Corridor Redevelopment Project ("Merged Projects"), No amendment is proposed to the financial or time limns or the boundaries of the Project Area. The financial and time limits stated in the Redevelopment Plan, as amended, for the Project Area shall remain In forCe and effect. ' . The Redevelopment Plan Is hereby further amended to Include a new Part X to the Redevelopment Plan to read as follows: x. (§1O00) MERGER , Upon the effective date of the ordinance sdopting the Fifth Amendment to tha Redevelopment Plan, and provided the ordinances become effective amending the Redevelopment Plans for the Merged Projects, the South Main Redevelopment Project will hereby be merged with the Central City Redevelopment Project, Inter-CIty Commuter Station Redevelopment Project, North Harbor Redevelopment Project, South Harbor Redevelopment Project, and the Bristol Corridor Redevelopment Project, collectively referred to as the "Merged Redevelopment Projects". . EXHIBIT 1 10 PA040101 1,SNA.0I<'" 111O9O,OO3,002ID2I23/04 55C-13 EXHIBIT F PROPOSED FOURTH AMENDMENT TO THE REDEVELOPMENT PLAN FOR THE BRISTOL CORRIDOR REDEVELOPMENT PROJECT EXBIBI'r 1 11 55C-14 "---""---"'" "'--' . FOURTH AMENDMENT TO THE REDEVÈLOPMENT PLAN FOR THE BRISTOL CORRIDOR REDEVELOPMENT PROJECT BACKGROUND The Redevelopment Plsn ("Redevelopment Plan") for the Bristol Corridor Redevelopment Project ("Project" or "Project Area, was approved and adopted by the City Council of the City of Santa Ana ("City Council") on December 4, 1989 by Ordinance No. NS-2039. The Project Area contains approximately 781 acres. The Redevelopment Plan has been previously amended on October 3, 1994 by Ordinance No. 2231 and Ordinance No. NS-2234, and on August 2, 1999 by Ordinance No. NS-2396. ' The Ssnta Ana Community Redevelopment Agency ("Agency") Is proposing a fourth amendment ("Fourth Amendment") to the Redevelopment Plan, the sole purpose of which is to merge the Project Area with the Central City Redevelopment Project, Inter-City Commuter Station Redevelopment Project, North Harbor Redevelopment Project, South Harbor Redevelopment Project, and the South Main Redevelopment Project ("Merged Projects"). No amendment is proposed to the financial or time limits or the boundaries of the Project Area. The finsnclal and time limits stated In the Redevelopment Plan, as amended, for the Project Area shall remain in force and effect, . The Redevelopment Plan Is hereby further amended to Include a new Part X to the Redevelopment Plan to read as follows: x. (§1O00) MERGER Upon the effective date of the ordinance adopting the Fourth Amendment to the Redevelopment Plan, and provided the ordinances become effective smendlng the Redevelopment Plans for the Merged Projects, the Bristol Corridor Redevelopment Project will hereby be merged with the Central City Redevelopment Project, Inter-City Commuter Station Redevelopment Project, North Harbor Redevelopment Project, South Harbor Redevelopment Project, and the South Main Redevelopment Project, collectively referred to as the "Merged Redevelopment Projects., . BXB:IB:r'l' 1 12 PA0401011,SNA."",""" '8000,OOO,OO2JD2I23/I)4 55C-15 PRELIMINARY REPORT for the MERGER of the SANTA ANA REDEVELOPMENT PROJECTS Prepared for: THE COMMUNITY REDEVELOPMENT AGENCY of the CITY OF SANTA ANA Prepared by: Keyser Marston Associates, Inc. FEBRUARY 2004 BXHIBI'l' 2 55C-16 ""-" ,--" . PRELIMINARY REPORT , for the MERGER of the SANTA ANA REDEVELOPMENT PROJECTS Prepared for: THE COMMUNITY REDEVELOPMENT AGENCY , of the CITY OF SANTA ANA . FEBRUARY 2004 Prepared by: Keyser Marston Associates, Inc. 500 South Grand Avenue, Suite 1480 Los Angeles. California 90017 1660 Hotel Circle North. Suite 716 San Diego. California 92108 Golden Gateway Commons 55 Pacific Avenue Mall San Francisco. California 94111 . BXBIBI'l' 2 55C-17 TABLE OF CONTENTS I. INTRODUCTION..........................................,.......................................................................1 A. PRELIMINARY REPORT PURPOSE AND CONTENTS.................................................. 1 B. BACKGROUND ......................,......,............".,...................:...................,..........................2 C. GOALS AND OBJECTIVES..........,...".................,.".........,.......,....................,.,.....,......"..8 D. AGENCY ACCOMPLISHMENTS,......,....,...............,..,.,.................................,.,..............,,8 II. REASONS FOR AMENDING THE REDEVELOPMENT PLANS ..........................,..........12 III. PROPOSED PROJECTS AND PROGRAMS ................;..................................................13 A. REDEVELOPMENT PROGRAMS """"""""""""""""""""""""""""""""""""""""" 14 1, Economic/Community Dflve/opment ........,......................,..............,.............................14 2, Public Facility Development ...................,.................'....................................................14 3. Infrastructure ..Improvements....................,...............................................,.................. 14 4. Housing Program.................................................................................................."""" 14 IV. PRELIMINARY ASSESSMENT OF PROPOSED METHOD OF FINANCING, ECONOMIC FEASIBILITY, AND REASONS FOR INCLUDING DIVISION OF TAXES PURSUANT TO SECTION 33670........................................................................16 A, ESTIMATED TOTAl PROJECT COSTS...............,..........:............................................. 16 B. FINANCING METHODS AVAILABLE TO THE AGENCY....................,...........,.....,........19 C, PROPOSED FINANCING METHOD. ECONOMIC FEASIBILITY, AND REASONS FOR INCLUDING TAX INCREMENT FINANCING............,....................,.......................21 E!IDlB§ 1, Santa Ana Redevelopment Project Area Boundaries...............,'......................,......,..............3 ~ Table 1 - Organization otthe Preliminary Report..................................,.......................................2 Table 2 - Time and Financial LImits .............................................................................................4 Table 3- Summary ofObectlves............................................~...........,........................................9 Table 4 - Financial Feasibility Cssh Flow - Merged Project Area.............................................. 22 Table 5 - Revenue and ExpenditlJre Detail- Merged Project Area ....,......................................23 Table 6 - existing Debt Service and Other Senior Obligations ....,.............,......................,.........24 Table 7 - Tax Increment RevenlJe Projection - Merged Project Area ........................................25 ¡able 7 a . Tax Increment RevenlJe Projection - Central City Project .......................................26 Table 7 b. Tax Increment Revenue Projection -Inter-Clty Project.....,......................................27 Table 7 c. Tax Increment Revenue Projection - North Harbor Project Area ................,............28 Table 7 d. Tax Increment RevenlJe Projection - South Harbor Project.....................................29 Table 7 e - Tax Increment Revenue Projection - South Main Project........................................ 30 Table 7 t- Tax Increment Revenue Projection - Bristol Corridor Project ...................................31 Preliminary Report for the Merger of the "'AA.L.a.L '" ~ Keyser Marston Associates, Inc. -Santa Ana Redevelopment Projects Page I P_,'NT"""'", 18000.00100..".,... 55C-18 ..'----' . I. INTRODUCTION A. PRELIMINARY REPORT PURPOSE AND CONTENTS This Preliminary Report ("Report") for the proposed adoption of ths merger amendments ("Amendments" or "Merge") to the existing Redevelopment Plans ("Redevelopment Plans" or "Plans") for the Central City Redevelopment Project, Inter-City Commuter Station Redevelopment Project, North Harbor Redevelopment Project, South Harbor Redevelopment Project, South Main Redevelopment Project, and the Bristol Corridor Redevelopment Project ("Project .Areas" or "Projects") has been prepared by the Santa Ana Community Redevelopment Agency ("Agency") to fulfill the requirements of Sections 33486, 33457.1, 33354.6 and 33344.5 of the Community Redevelopment Law (Health and Safety Code Section 33000 et seq., the "CRL C). As discussed In the following section, the purpose of the proposed Amendments is to merge the Project .Areas ("Merged Project .Area") for more efficient administration of the Agency's redevelopment program and to contribute to revitalization of the Project Araas through increased economic vitality of such areas and through increased and Improved housing opportunities In or near such araas. . Section 33354.6(a) of the CRL requires that when an agency proposes to amend a redevelopment project that utilizes tax Increment to aød territory to a project area; to Increase either the limitation on the number of dollars (tax Increment limit) to be allocated to the redevelopment agency or the time limit on establishing loans, advances, and Indebtedness (debt establishment); to lengthen the period during which the Plan Is effective (plan effectiveness); to m8lJe ptOJects, or to add significant additional capital Improvement projects; an agency shall follow the same procedures It would for the adoption of a plan. Section 33486 of the CRL provides a merger may proceed by amendment of esch redevelopment plan as provided In Article 12 (commencing with CRL Section 33450), Section 33457.1 of the CRL provides that "[tjo the extent warranted by a proposed amendment to a redevelopment plan, (1) the ordinance adopting an amendment to the redevelopment plan shall contain the findings required by Section 33367..."Therefore, because the Agency Is proposing to merge projects, which is a technical amendment, the Agency will follow applicable provisions, to the extent warranted, of CRL Sections 33320,1, et seq. and 33450, et seq. Pursuant to Section 33457.1 of the CRL, the Merger of the Projects does not and will not require re- establishing blight or demonstrating that sJgnlficant blight remains within the Project Araaa. ' . As part of the process of amending the Plans, the CRL requires that specific Information be provided to taxing egencles .and officials ("affected taxing entities") prior to adoption of the proposed Amendments. Such Information Includes, the Preliminary Report required by Section 33344.5, with discussion and sections Included to the extent warranted by Section 33457.1. As outlined in Table 1 below, this Preliminary Report Includes the reasons for amending llie Redevelopment Plans, an overview of existing Preliminary Report for the Merger of the AAA"""":&: ~ Keyser Marston AsaocIates, lno. Santa Ana Redevelopment Projects Page 1 """"""UNT......., ,-"'<DO".""" 55C-19 condnions within the Project Areas, and a preliminary assessment of the financial feasibility of merging the Project Areas. Table 1 . Organization of the Preliminary Report ",1' C,",'., N/A 33344.5(C) NIA 33344.5(d) A pl1lllninøry losoosment of tho propooed method of financing tho rwdlMllopment of the Mergod Project Area, Including In _ment of tho continued oconomlc feasibility of tho Projocts .fter tho Møtgør ond the lllISOnS lot the continued provision lot the division of taxas pursuont to CRL Soctton 33670 In the Redovelo mønt PIons. ' IV 33344.5 e Adoscrl of the øcIs b tho III IV 33344.5(1} 33354,6(b) AdascrlpUon of how thl proøcIs to be PU/Bued by the Agoncy in the Merged Project Area wlllimprovo or IllovIaIo the conditions doscribad In subdlvtølon (b), and thll1llationship betweon the proposed Merger end tho costs of thl pIOjocts to eliminate romoInlng blight (A doacrtptlon of how the projects will aaovlalo the blighting conditions descrtbed In .ubdlvlslon (b) Is not ulrwd lor a me r B. BACKGROUND The Agency is In charge of Implementing redevelopment within the City of Santa Ana. As previously stated, the Agency is proposing to merge all six (6) of the Clty's redevelopment project areas (Central City Redevelopment Project, Inter-Clty Commuter Station Redevelopment Project, North Harbor Redevelopment Project, South Harbor Redevelopment Project, South Main Redevelopment Project, and the Bristol Corridor Redevelopment Project). In total, the Merged Project Area will contain approximately 4,989 acres, which compriaes approximately 29 percent of the total acres located In the City. Figure 1 shows the boundaries of the Project Areas, which are located throughout the City primarily along major commerèlal corridors. Table 2 provides a summary of each of the Project Areaa Including the current time and financial limits as described In the Redevelopment Plans, as amended. The following Is an overview of the Redevelopment Projects: Prellminery Report for the Merger of the Santa Ana Redlvelopment Projects """.1.15.1.:1: ~ Keyser Marston Asaociatea, Inc. Page 2 .'"""""'.8NT"""", '0000"""""""" 55C-20 "'-'-'----" FIGURE 1 . ,"'"",."',.., ."","""",.. L 1- Redevelopment Project Areas . ~};;<I CENTRAL CITY - NORTH HARBOR ,8 INTERCITY - SOUTH MAIN - 'SOUTH HARBOR - BRISTOL BXHIBI'l' 2 55C-21 CommunHy RedeY81opmo1ll laW Requlromonts for - 120 Y"8'" 110m ødoption or 40 -- 110m ødoption 10)'8l1l1I oftor PIon IUmltnoqulred I ~roquiredno 112yoa111 1994 RedeveIoprnoiIt PIInI odopled 1/11O4_isloIOrpluS or1/111J9_1S - ' no mø>dmum """"""'" maximum 10 ye&I'1I - amendment --.10)'081'- .10_- (may_limit by sign_III nomøinIng .v>--ing 0011_) bItght(AB1290) bIghI(AB1290) CMhJ CIty ExpIr8d 7/2/13 712113 5I5l2OO8 Adopled 7/2/73byOldW1ance No. N8-1173 Amended 6f2I75 by Ordlnanoo No. N8- 1258 Amended 12/1/86 by Ordlnonœ No. N8-1877 Amended 1013/94 by On!1nanoo No. N8-2234 Amended 5IMI6 by Ordinance No. NS-2290 Amended 812199 by Ordinance No. N8-2396 -.en, ExpIr8d 716f22 7/6/32 5I6l2OO8 AdopIød 116182 by 0nIinanc0 No. N8-1636 Amended 10l3/Il4 byOrdinonce No. N8-2234 Amended - by Ordlnanœ No, N8-228Q Amended 812199 by 0nIinan00 No, N8-2396 UI -- 7/6/22 $32,100,000 I 5I6l2OO8 UI AdopIød 116182 by 0nIinIIn00 No.NS-1631 0 Amended 10l3/Il4 by 0nI1nance No. N8-2234 ~ Amended 518196 by 0nIinan00 No. NS-2291 -- 812199 by OrdInance No. NS-2396 N - 1I20IO4 byOnlnsnco No. NS-2&f1 -- 7 716f22 7/6/32 8I3l2OO4 AdopIød 118182 by 0nIinan00 No, N8-1638 Amended 813192 by 0nInanœ No. NS-2167 Amended 10l3/Il4 by 0nIinan00 No. NS-2234 Amonded 812199 by 0nIinanc0 No, NS-2396 Amended 1I20IO4 by Ordinonco No. N8-264 I -- 17/6/22 1716f22 ¡7i6i32 AdopIød 716182 by OrdInance No. NS-1638 I $2,000,000,000 I $600.000.000 I 711712007 Amended 10l3/Il4 by Ordinance N8-2234 Amended 7M7195 by 0nIInance N8-2258 Amended 812199 by 0nIinan00 N8-2396 Amended 1120104 by OrdInance No, NS-2641 BrIoIoIeolridor 1'2/0lIO9 I 121<4129 I 12/01/39 I $335.000,000 1$105,100,000 IExpiI1ld AdopIød 12/4189 by Ordinance N8-2039 Amended 1013/94 by Ordinance No. NS-n31 Amended 10l3/Il4 by OrdInance No, NS-2234 Amended 812199 by 0nI1nønce No. NS-2396 'The..--Io-oI... --- -- """"""'_01- - - ..noI_....--"""""""'" -..... -(I.e. --¡-In... ............, . Central City Redevelopment ProJeèt Centrsl City Redevelopment Project was adopted on July 2, 1973, by Ordinance No. NS- 1173. The Central City Redevelopment Plan was first amended on June 2, 1975, by Ordinance No. NS-1258 to restate the plan and amend certain provisions, including adding territory to the existing project area, simplifying land use standards, snd establishing a plan effectiveness limn of 30 years (Iatar extended to 40 years), The second amendment adoptad by Ordinance No. NS-1877 on December 1, 1986, in accordance wnh SB 690 established a tax Increment limit ($3,000,000,000), established a time limit on Incurring debt (July 2, 2008) and established a limit on Initiating eminent domain proceedings by 12 years (December 1,1966), The third amendment adopted by Ordinance No. NS-2234 on October 3, 1994 amended the plan to reduce the time limit on Incurring debt (January 1, 2004) and establishes a limit for the receipt of tax Increment/repayment of debt (July 2,2018), The fourth amendment adopted on May 6, 1996 by Ordinance No. NS-2290 extended the Agency's eminent domain authority within the project area by 12 years until May 6,2008. The fjfth amendment to the redevelopment plan adopted by Ordinance NO. NS-2396 on August 2, 1999, extended plan effectiveness limit by ten years (July 2,2013) and the limit on receipt of tax increment/repaYment of debt by five years (July 2, 2023) to the maximum permitted by Assembly Bill 1290 ("AS 1290") as permitted by Assembly Bill 1342 ("AS 1342"). The proposed Merger amendment will be Ihe sixth amendment to the Central City Redevelopment Plan. . Inter-Clty Commuter Station Redevelopment Project The Inter-City Commuter Station Redevelopment Project was adopted on July 6, 1962 by Ordinance No, NS-1636. On October 3, 1994, In accordance with AB 1290, the Inter- City Commuter Station Redevelopment Plan was first amended by Ordinance No, NS- 2234 to establish certain time limits including s time limit on incurring debt of January 1, 2004; s time limit on plan effectiveness of July 6, 2012 and limit on receipt of tax Increment/repayment of debt of July 6, 2022. [The same limits were established for South Main, South Harbor and North Harbor Redeveiopment Plans). The second amendment adopted on May 6, 1996 by Ordinance No. NS-2269 extended the Agency's eminent domsln authority within the project area by 12 yesrs until May 6,2006. On August 2, 1999, the third amendment adopted by Ordinance No. NS-2396 extended the time limit on plan effectiveness by 10 years to July 6, :W22 and the limn on receipt of tax Increment by 10 years to July 6,2032 to coincide with the maximum time limits prescribed by AB 1290 as amended by a summary ordinance In accordance with AS 1342. The proposed Merger will be the fourth amendment to the Inter-City Commuter Station Redevelopment Plan. . Prellmln8lY Report for the Merger of the Santa Ana Redevelopment Projects J!iXII.l.JU.T 2 Keyser Marston AssocIates, Inc. Page 5 P"""",",ØNTkCI<'" 18000,003."""""'" 55C-23 North Harbor Redevelopment Project The North Harbor Redevelopment Project was adopted on July 6, 1982 by Ondlnance No. NS-1637. On October 3, 1994, In accordance with AS 1290, the North Harbor Redevelopment Plan was first amended by Ondlnance No. NS-2234 to establish certain time limits Including a time limit on Incurring debt of Januaty 1, 2004; a time limit on plan effectiveness of July 8, 2012 snd limit on receipt of taX Increment/repayment of debt of July 6, 2022. The second amendment adopted on May 6, 1996 by Ondinance No. NS- 2291 extended the Agency's eminent domain authority within the project area by 12 years until May 6, 2008. On August 2, 1999, the thind amendment adopted by Ondlnance No. NS-2396 extended the time limit on plan effectiveness by 10 years to July 6,2022, snd the limit on receipt of tax by 10 yesrs to July 6, 2032 to coincide with the maximum time limits prescribed by AS 1290 as amended þy a summary ordinance In aecondance with AS 1342. The fourth amendment adopted on January 20,2004 by Ondlnance No. NS-2641 extended the time limit to Incur debt to coincide with tha plan effectiveness date of JUly 6, 2022. The proposed Merger will be the fifth amendment to the North Harbor Redevelopment Plan, South Harbor Redevelopment Project The South Harbor Redevelopment Project was adopted on July 6, 1982 by Ondlnance No. NS-1638. On August 3,1992, by Ordinance No. NS-2167, the South Harbor Redevelopment Plan was amended to: 1) extend the Agency's eminent domain authority within the project area by 12 years until August 3,2004; 2) modify certain land use provisions; 3) Increase the tax Increment limit to $2,600,000,000; 4) Increase the bonded Indebtedness limit to $1,000,000,000; 5) Increase the time limit to Incur debt from 25 to 30 years until August 3, 2022; and 6) Increase the plan effectiveness of the South Harbor Redevelopment Plsn from 30 to 40 years until August 3, 2032. On October 3, 1994, the plan was amended a second time by Ordinance No. NS-2234 to reduce certain time limits In secondance with AS 1290,lncludlng the time limit on Incurring debt (January 1, 2004), the time limit on plan effectiveness (July 6,2012), and the time limit on receipt of tax Increment/repayment of debt (July 6, 2022). On August 2, 1999, the thlnd amendment adopted by Ondlnance No. NS-2396 extended the time limit on plan effectiveness by 10 years to July 6,2022, and the limit on receipt of tax Increment by 10 years to July 6, 2032 to coincide with the maximum time limits prescribed by AS 1290 as amended by a summary ondlnance in accondance with AS 1342. The fourth amendment adopted on January 20, 2004, by Ordinance No. NS-2641 extended the time limit for Incurring debt to coincide with the plan effectIVeness limit of July 6, 2022. The proposed Merger will be the fifth amendment to the South Harbor Redevelopment Plan. Preliminary Report for the Merger of the Santa Ana Redevelopment ProJecta .IüUI.UI.L 'l: ~ Keyaar Marston AssocIates, lno, Page 6 "_'NT"'"""'" ',,",,""""""'" 55C-24 "'--' . South Main Redevelopment Project The South Main Redevelopment Project was adopted on July 6, 1982 by Ordinance No. NS-1639. On October 3, 1994,ln accordance with AB,1290, the South Main Redevelopment Plan was amended by Ordinance No. NS-2234 to establish certain time limits including a time limit on Incurring debt of January 1, 2004; a time limit on plan effectiveness of JUly 6,2012; and a limit on receipt of tax increment/repayment of debt of July 6, 2022. On July 17,1995, the redevelopment plim was amended a second time by Ordinance No. NS-2256 to Increase the tax increment ($2,000,000,000) and bond debt ($600,000,000) limits, establish eminent domain suthorlty for 12 years (July 17, 2007), and add projects to the redevelopment plans capital Improvements list. The third amendment adopted on August 2, 1999 by Ordinance No. NS-2396 extended the time limit on plan effectJveness by 10 years to July 6, 2022, and the limit on receipt of tax by 10 years to July 6,2032 to coincide with the maximum time 11m lis prescribed by AB 1290 as amended by a summary ordinancé In accordance ,with AB 1342. The fourth amendment adopted on January 20, 2004 by Ordinance No. NS-2641 extended the time limit to Incur debt to coincide with the plan effectiveness limit of July 6, 2022, The proposed Merger will be the fifth amendment to the South Main Redevelopment Plan. Bristol Corridor Redevelopment Plan . The Bristol Corridor Redevelopment !"roject was adopted'on December 4, 1989 by Ordinance No. NS-2039. The Bristol Corridor Redevelopment Plan wss amended on October 3, 1994, by Ordinance No. NS-2231 to exempt certain properties from eminent domain. On October 3,1994, In accordance with AB 1290, the plan was amended a second time by Ordinance No. N5-2234 to establish certain time limits Including a time limit on Incurring debt of December 4, 2009; a time limit on plan effectiveness of December 4,2024 end limit on receipt of tax Increment/repayment of debt of December 4,2034. On August 2, 1999, the third smendment adopted by Ordinance No. NS-2396 extended the time limit on plan effectiveness by 5 years tò December 4, 2029 and the limit on receipt of tax by 5 years to December 4,2039 to coincide with the maximum Ume limits prescribed by AB 1290 as amended by a summary ordlnsnce In accordance with AB 1342. Tha proposed Merger will be the fourth amendment to the Bristol Corridor Redevelopment Plan. . Preliminary Report for the Merger of the Santa Ana Redevelopment projects SJUu..,.I.T " Keyser Marston Asaodates, Inc. Page 7 __,SNT""""" ,-,."."""""'" 55C-25 C. GOALS AND OBJECTIVES The Agency's Five-Year (2000-2005) Implamentatlon Plan outlines various Redevelopment Plan goals and objectives for each of the Project Areas. In general, the goals and objectives are summarized below, and are outlined for each of the Project Areas an Table 3. ' 1. Eliminate physical blight 2. Create new employment opportunities. 3. Encourege uniform and consistent land use patterns. 4. Encourage private commenclallindustrlal rehabilltetion, development, and capital investment. 5. Implement the Clly's General Plan. 6. Encourage highest and best use of available land consistent with the General Plan. 7. Provide or replace public streets, alleys, parks, sidewalks, sewers, storm drains, traffic signals, lighting systems, and other public facilities and Improvements as necessary. 8. Develop vacant or underutllized Industrial land. 9. Provide for Increased sales, business license, snd other fees, taxes, and revenues to the City of Santa Ana. 10. Expand the community's supply of housing, including opportunities for law and moderate Income housing. D. AGENCY ACCOMPLISHMENTS Redevelopment In Santa Ana began with the adoption of the Central City Redevelopment Project In 1973. The project was adopted in response to deteriorating conditions in the downtown. The decline of the downtown began in the 1960's when growth In the Orange County suburbs resulted in Santa Ana's decline as the central IIõXII,U5~:r "' Preliminary Report for the Merger of the Santa Ana Redevelopment Projects P"""".SNTA.- '0000,003.""""", Keyser Marston Associates, Inc. Page 8 55C-26 ,--' . . . TABLE 3 SUMMARY OF REDEVELOPMENT PLAN OBJECTIVES REDEVELOPMENT PLAN MERGER AMENDMENTS SANTA ANA REDEVELOPMENT AGENCY ProjoclAruo ObJ- cenlrlJ ..Ior-City I/.Horllor S. Horbor South Moln 8<18101 Ellminalo phyoicalOllghl X X X X X X RNIont the _/cI8ocIaI health Dr ... œwnlDwn 0... X 5,,".1810 d._"'" and mila_"" or downlDWII 8I8a X Stranghtori - -- batwean _n_' W8, X Im_ng "reo' """'ftcaUorlonhanœmant -..... X X X X Preoarve the a_.ue and a.oll..., quallllo8 01... City X _"nthe'---IIIor_... X Improv."o CIty'o tax - end om¡¡Ioymolll opportunlllo8 X X X X X X ""0"""'0 retallviloiltyDr... oommulllty X alaka tho...o. eo.roe or - ID re-- X X X X X X Encoureg. .a,"o._"""- .... - X ,X X X Encoureg. - __1""'- X X X X X Implemon' tho Gonoral Plan X X X X X X -go - end bOat... co,,",""n' wi Gan,Pian X X X X """.... tralllc ci","",lIon!<>fn>m AntraJc Stallon X Romovo 0""'" end - -... X 'm_'end uoo poto- X -..... .... roo- _1I1a1 dovalopmonlo X _aOIIlata .-1- maoonryo- X 11T1pfOV8~IraotI\Idure/>ubllc_"'-"" X X X X X X Im- markat _Ilol oIong Horl>ot Blvd. X X D.""lopvac:onUuncloruUIIzad land X X X X Improve I1aI!Ic flow olong - Iotaln Stroot X """"'8Valle~lItyololl'_""rkJng X Expand hauoJng including roo-Iow-- ~como X X X X X X JRoduca Cltyo IVV1U8I coot In providing 1cCaI- X PIotocIthehDuú>go_Ig_'nlag<lty X X X X X X I......., oBI... buoIno.. UœI18O, .nd......... X X X X X X Pro- roo- pa<UcI""Uon or property........ ~ ""o~- X X X X X X ocflvIU.. BXB:IBI'l' 2 -"---,Ino. -, tcCDc\S8Q ---..., "_""",""",'00 ... ... 55C-27 marketplace for Orange County. Revitalization objectives Included creating convenient parking, rehabilitating and retrofitUng historic structures, and providing Infill development that would support a mix of office, retail and residential uses. In the past 20 years, the Agency has built six public parking structures, the Fiesta Merketplace. new commercial office buildings and 600 senior units, Downtown is slso the site of the new Ronald Reagan Federal Building and Courthouse. The following Is a list of projects completed by the Agency within the proposed Merged ProjectAJ:ea: Central City Redevelopment Project: Olson LIve-Work lofts (86 total for-sale units) Festival Hall Renovation Fscade Rebate Program (Historic Rehab) Bowers Museum of Cultural Art Expansion Discovery Science Center Orange County Center of Contemporary Art (OCCCA) California State University, Fullerton Grand Central Art Center Memphis Restaurant , Second Street Promenade improvements (benches. trash cans, tree lighting, bollards) Fourth Street Streetscape Improvements St. Joseph Ballet Bowers KJdseum North HarbOr Redevelopment Project Rlvervlew West Shopping Center (Including Wal-Mart) South HarbOr Redevelopment Project Waxle (Janitorial Supplies Company) Street Improvements South Main Redevelopment Project Auto Mall Doubletree Hotel Commercial Rebate Program . Preliminary Report for the Merger of the Santa Ana Redevelopment Projects 15XIU...,J.:I: " Keyser Mers\on Assocletes, Inc. Page 10 p-""""", ""'_DO3IO2I27IO4 55C-28 -- ---.." '--' . Inter-City Redevelopment Project Regional Transportation Center 4~SUeetlmprovemenb Bristol Redevelopment Project Digital Media Center Bristol Street Widening To facilitate rehabilitation of the older commercial buildings many of which are essential to the historic character of the downtown and to promote new commenclal development the Agency hss in the past teamed with the Santa Ana Economic Development Corporstlon (which has evolved Into the Southland Economic Development Corporation) to providing funding for the Commercial Rehabilitation Loan Program and the Storefront Improvement Program. Through the loan programs, the Agency has estimated funding 157 new construction projects and 142 rehabilitation projects, The Agency also admlnlstars the States' Enterprlsa Zone program that asslsb businesses in securing sales, use and hiring tax credits, Through the Enterprise Zona 17,100 jobs have been "vouchered" for Santa Ana businesses. . The Agency has also funded the reuse of vacant and underutillzed historic structures to benafit tha CIty's Arts Corridor which extends from the ArtIsb Village in the downtown to Discovery Science Centar on north Main at tha 1-5 Freeway. The Agency he/pad to fund the renovation and expansion of the Bowers Museum and Cultural Art and acquired the facility for the Kidseum. Among other cultural sport aCtivities, the Agency assisted In the acquisition of a site for the new home of the SI. Joseph Baliet, a non-profit organization designed to help under prIVileged youth. Redevelopment has contributed substantially to improving the Infrastructure within the Project Areas. Redevelopment funded the Salgado Community Center and numerous street Improvements throughout the neighborhoods. . Preliminary Report for the Merger of the Senta Ana Redevelopment Projects .ISJUt......:I: i/: Keyser Marston Associates, lno. Page 11 P-.aNT"""", '-..003."""""" 55C-29 II. REASONS FOR AMENDING THE REDEVELOPMENT PLANS The' Agency Is proposing to amend the Redevelopment Plans'to merge the existing Project Areas. Section 33465 at saq. of the CRL allows for merger of redevelopment project areas as a matter of public policy If they will result In substantial benefit to the public, and If they contribute to the revitalization of the Project Areas through the increased ecOnomic vitality of such areas and through Increased and Improved housing opportunities in or near such areas. The CRL also provides that redevelopment project areas, under the Jurisdiction of a redevelopment agency, may be merged without regard to contiguity of the areas, by the amendment of each affected redevelopment plsn. Furthermore, taxes attributable to each project area merged that are allocated to the redevelopment agency may be allocated io the entire merged project area for the purpose of paying the principal of, and Interest on, indebtedness incurred by the redevelopment agency to finance or refinance, In whole or In part, the merged redevelopment project. The proposed Merger of the Project Areas is s technical amendment that will allow the Agency to combine revenues from the six separate Project Areas. The Merger will also allow the Agency to prioritize spending of available tax Increment revel1Ue in order to maximize efficiency In the Implementation of the Agency's redevelopment program. The Agency's redevelopment program will continue to be those ectivltles Identified In Its five-year Implementation Plan (currently 2000-2005). The proposed Merger will have a substantial benefit to the public by allowing the Agency to efficiently Implement Its redevelopment program, which Is targeted at revitalizing blighted areas and Increasing the economic vitality of such areas. In addition, the Agency will continue to Implement Its affordable housing program, which currently exceeds the CRL's requirements for affordable housing unit production. The proposed Merger will not allow the Agency to collect any additional tax Increment beyond the limits Identified In the Redevelopment Plans. No Increase In any financial limit or extension of any time limit Is proposed as part of the Amendments. Preliminary Report for the Merger of the Senta Ana Redevelopment Projects 1IõXII.l.IÙ:r ;t Keyser Marston Associates, Inc. Page 12 -_.aNT- ,""""'.......,.",. 55C-30 ----' . . . III. PROPOSED PROJECTS AND PROGRAMS In tlie past, the Agency has Implemented separate programs In each of the six redevelopment Project Areas. The Agency's exJsting Five-Year Implementation Plan Includes all of the six Project Areas within this single document and outilnes the project and programs for each of the six Project Areas. With the proposed Merger, the Agency intends to consolidate the Individual projects and programs for each of the six Project Areas Into one set of projects and programs for the Merged Project Area that will be funded from the combined tax Increment from the Merged Project Area, The Agency is not adding any new projects and programs and the existing Five-Year Implementation Plan will continue to be the. Implementation plan for the Mergad Project Area. How and which programs are Implemented within the Merged Project Area dapends on the needs and objectives of the Merged Project Ares and will be determined by the Agency consistent with tha Five-Year ,Implementation Plan, Due to the lengthy timeframe for implamentlng the Redevelopment Plans, the redevelopment program needs to be flexible end provide the capability to respond to changes and private sector Interest In the Merged Project Area. The strategy to altsin the goals and objectives Is to use'public investment to attract and stimulate private Investment. The Agency uses legal agreements to form publlc-prlvate partnerships leading to development of Industrial sites, commercial canters, office buildings, and housing. The following description of proposed projects and programs Is presented for the Merged Project Area.' As stated above, the Agency will continue to address the needs within the Merged Project Area as described In the Five-Year Implementation Plan. However, the Agency will approach community redevelopment from the perspective of how best to achieve the radevelopment objactlves from e citywide basis. Based upon the Agency's Five-Year Implementation Plan (January 1, 2000-December 31, 2005), the proposed redevelopment program for the Merged Project Area Includes four (4) programs, as follows: 1) Economic/Community Development; 2) Public Facility Improvements; 3) Infrastructure Improvements; and 4) Housing. Within Section IV of this Rapor! (financial feasibility snalysls), the above listed programs are Identified within the cash flow analysis as discretionary funds since exact futura allocation of Agency revenues for each of the redevelopment programs beyond the current Five-Year Implementation Plan period cannot be determined. The Agency will allocate tha necessary funds for each program as needed ovar the remaining life of the Redevelopment Plans to addrass each Project Area's conditions, which will Include responding to private sector Interests. The programs are designed to address the most significant blighting conditions In the proposed Merged Project Area. It Is believed that as the most significant blighting conditions ara reduced that further private sector Investment will occur in the proposed Merged Project Area leading to further removal of blight. Thersfore, tha Agency's program of redevelopment will serve as a catalyst to remova blighting conditions and spur the preservation, improvament, creation end maintenance of affordable housing. Preliminary Report for 1he Merger of the Santa Ana Redevelopment ProJecls JlõJUU...J.T ;;; Keyser Marston Associates, Inc. Page 13 -_.SNT"""'" ,-.00""""""'" 55C-31 A. REDEVELOPMENT PROGRAMS ,. Economic/Community Development Economic/Community Development program will consist of the Agency enhsncing the Merged Project Area by assisting In the commercIal and Industrial rehabilitation/ development through business retention/attraction, rehabilitation loans and site assemblage. The Agency's efforts In this program will provide new and expanded opportunilies to existing businesses as well as encourage the revitalization of the proposed Merged Project Area through new commerotal snd Industrial developmenll rehabilitation. Rehabilitation loans provided by the Agency could also assist In the preservation of historic structures through rehablillallon, relocation and reuse. The Agency will primarily assist private davelopers In the development! redevelopment of vacant, underutilized and blighted properties and will Include, as necessary, the development of parking structures to create additional off-street parking. 2, Public Facility Development Public facility-based projects focus on the need for new or Improved public facilities such as parks, community centers, and cultural centers and facilities. The Agency may participate financially In providing upgraded or new park facilities that are of benefit to the Merged Project Area by providing adequate recreational facilities In the proposed Merged Project Area. The Agency proposes to provide assIstance In the development of art and cultural facilities Including adequate parking fscilities and assistance In the overall attraction of artists and art galleries to the Artists Village. 3. Infrastructure Improvements Infrastructure Improvements Include projects that will, assist with the future development of the Merged Project Area Including, but not limited to, the following: 1) transportation and cJrculstlon Improvements which may entail street widening, construction of street medians, land configuration, street maintenance, and Improved treffic signalization; 2) sewer Improvements to alleviate Infrastructure Inadeq~scles, meet flow requirements and ensura public safety; 3) storm drain Improvements Including capacity for existing and new development to ensure proper drainage and on-golng street maintenance of Merged Project Area streets: snd 4) public Infrastructure Improvements Including sidewalks, curbs and gutters, streetscape improvements, public transit Improvements, create pedestrian links snd develop enhanced parkways and sidewalks, and provide access to the disabled. 4. Housing Program As required by State law, not leas than 20 percent of tax Increment funds allocated to the Agency pursuant to CRL Section 33/170 must be depoaltad into the Houalng Fund to be used to assist 'n 'ncreaslng, Improving and preserving the CIty's supply of low and Preliminary Report for the Merger of the J5A!i~I:S,,'r ~ Keyser Marston Associates, Inc. Santa Ana Redevelopment Projects Page 14 P_-"", """,IIO3.OO3IO2m"" 55C-32 . moderate Income housing available at affordable housing cost. For the Bristol Corridor Project, as part of s settlement agreement, tha Agency agread 10 set-aside 30 percant of the tax increment allocated to the Agency for affordable housing, Most of the Agency's affordable housing requirementa will be met through the rehabilitation/development of affordable housing w~hin the Merged Project Area. The Agency has adopted resolutions for all Project Areas to sllow expenditures from the Housing Fund to be used outside of Project Areas' boundaries. Therefore, money could be spent anywhere In the City depending on the need. The Agency will evaluate projects outside of the Merged Project Area to determine the overall merits and benefits to the Agency and City as a whole. The Agency in its current Five-Year (2000-2005) Implementation Plan have outlined six (6) primary programs relsted to affordable housing: 1) Multi-Family Residential Rehabilitation Programs; 2) Single-family Residential Rehabilltetion Programs; 3) Housing Mortgage AsslstancelFlrst TIme Home Buyer Program; 4) New Residential Construction and substantial Rehabilitation Programs; 5) Mobile Home Parks Program; and 6) Assistance for the Preservation of Affordable Units, . The Multi-Family Residential Rehabilitation Programs Involves alleviating blighting conditions at overcrowded, small apartment complexes by working within focused neighborhoods to provide the necessary financing 10 improve the conditions of thesa propartles, The Single-Family Residential Rehabilitation Programs are administered through the City's Community Development Agency and Include funding by HOME, CBDG, snd the Agency's housing set-aside funds. This program Is available to very low-, low and moderate income families, with the majority of the funds going 10 households In the very Iow- and low range. The Agency's set-aside funds provide approximately 20 loans annually In the amount of $20,000 to $30,000. The Agency and City will Implement a mortgage assistance program for first time homebuyers. As part of the New Residential Construction and Substantial RehabHltation Programs, the Agency will participate with the private sector'for-profit and nonprofit housing developers to develop and substantially rehabHltate a mix of ownership and rental housing opportunities throughout the City. The City has a total of 29 mobile home parks, which serve a substantial number of very low- and low Income seniors and families. The City provides Agency loans between $5,000 - $7,500 to cover the cost of rehabilitation 10 mobile home units for eligible very low-, low and moderate Income persons. This program will be funded through HOME funds and Agency funds, In addition, the Agency provides loans up to $20,000 for replacement mobile homes. The Agency, In cooperation with the Housing Authority, will continue 10 work with owners of affordable housing projects, which have expiring affordable housing covenants, . 'Preliminary Report for the Merger of the Santa Ana Redevelopment Projects lIõJUIJ..tS.I.:I.' " Kaysar Marston AssOCIates, Inc. Page 15 .............,....."""'" 10<lIO..............,... 55C-33 IV. , PRELIMINARY ASSESSMENT OF PROPOSED METHOD OF FINANCING, ECONOMIC FEASIBILITY, AND REASONS FOR INCLUDING DMSION OF TAXES PURSUANT TO SECTION 33870 Section 33344.5(c) of the CRL provides that the F'rellmlnary Report for the merger contain a preliminary assessment of the proposed method of financing the Merged Project Area, Including an assessment of economic feasibility and tha reasons for Including a provision for the division of taxes pursuant to Section 33670 of the CRL. Economic feasibility, for purposes of this analysis, Is defined to be a comparative analysis of anticipated costs for Implementation of the Merged Project Area and the resulting revenues expected to be generated. Economic feasibility Is determined through a summarized faaslbillty cash flow analysis of the Project Fund for tha Merged Project Area as summarized on the Table 4 cash flow. ' A. ESTIMATED TOTAL PROJECT COSTS A determination of economic feasibility requires an Identification of the future resources to finance future costs associated with redevelopment of the Marged Project Area and the elimination of remaining blighting conditions. Redevelopmant could require significant participation from the Agency In sctlvltles to promote and aChieve the desired goals and objectives of the respective Redevelopment Plans and to address blighting conditions. The redevelopment program described In this section ouUlnes a set of sctMtieS to be Implemented by the Agency for the purpose of facilitating private reInvestment In the Merged Project Area and eliminating physical and econOmic blighting Influences, and Increasing, Improving and preserving the community'a supply of low and moderate Income housing. The estimated costs of potential future redevelopment programs over the term of the cash flow projection are as follows: Agency Bond Debt Servica Transfers In (Credit) ERAF (presumed) Administration Contractual Obligations Budgeted Projects MOldable Housing Future Loan Repayments Future Discretionary Uses Total Estimated Expenditures $231,702,000 (19,804,000) 48,040,000 106,763,000 254,318,000 2.456,000 579,692,000 70,458,000 184.270.000 $1,457,895,000 Preliminary Report for the Merger of the Santa ÞNJ Redevelopment Projects =.L.II.LT ¡¡ Keyser Marston AsaocIates. Inc. Page 16 P_SHT"""", ","""'"""""",,, 55C-34 . 1, ADeneY Bond Debt Service The Agency will continue to make principal and Interesl payments on the 1989 Tax AJlocalion Refunding Bonds (Central City, Inter City and South Harbor Project Areas) and the 2003 Tax Allocation Bonds (South Main Project Area). While the Agency may elect to Incur additional bonded Indebtedness In the future, for purposes of this financial feasibility analysis no additional future bond Issues are assumed In the feasibility proJection, ' 2, Transfers In (Credit) The Santa Ana Financing Authority Issued 1998 Refunding Revenue Bonds, Series A, B, C and D for the purpose of using the net proceeds 10 purchase the Agency's 1989 Tax AJlocalion Refunding Bonds, Series A, B, C and E referenced above. This enabled the Agency to realize significant savings In annual debt service payments by ullllzjng the leverage of pooling funds permitted by Marks Roos bonds. The rebate of the net savings Is annually reflected In the Transfers In line Item of the cash flow projection. 3. §3ðE . Chapter 260, Stetutes of 2003, (SB 1045) requires redevelopment agencies 10 shift $135 million In property lax revenues 10 K-12 schools and community colleges during the 2003-04 fiscal year. The shift of tax incremenl revenues will be placed Inlo the Educational Revenue Augmentetlon Fund (ERAF). SB 1045 provides that one-haif of the ERAF obligation of the Agency Is calculated based on, the gross tex Incremenl apportioned 10 the Agency end the other one-half of the ERAF obligation Is calculated based on net tax Increment revenues retained by the Agency (net of any pass-through payments to other laxing entitles), ss such tex Increment revenues are reported in the Community Redevelopment Agencies Annual Report of Ihe California State Controller for FY 2001-02. The Agency will be required to allocate an ERAF payment to the County Audilor- Controller totaling over $1,831,000 on or before May 10, 2004. If the Agency determines that il will not be able to allocate the full amounl required, It must enter Into an agreement with Its legislative body to fund the difference between the full ERAF payment required and the amount available for sllocalion. It is uncertain al the present time as to whether or not future ERAF payments will be required by the State. It is also not known whether the ERAF amounts will Increase In future yeats. Therefore, for purposes of the feasibility projectIon, it Is assumed that commencing In FY 2004-05, ERAF payments will continue to be required by the respective Project Areas In subsequent flscal years and reflect the currenl year requirement. ' . Preliminary Report for the Merger of the San", Ana Redevelopment Projects JIiJUS.U5.L:I: " Keyser Marston AssocIalea, Inc. Page 17 .-..-.. ""","""""""",,, 55C-35 4. Administration The projected cost to administer the redevelopment program over the life of the Merged Project Area is based on the Agency's estimate of $4,362,000 for both FY 2004"()5 and FY 2005-06. Subsequent year administrative costs are projected to Increase by an assumed 3% cost of IMng factor over the term of the projection. The administrative expenditures are assumed to continue over the effective life of the respective Project Areas. 5. Contractual Obllaetlons The Agency annually budgets for various existing contractual obligations unique to specific project araas as well as thosè of the Agency as a whole. The pre-exlsting contractual obligations Identified in the Agency's FY 2004..Q5 and FY 2005-06 budget projection are detailed on Table 6. These annual obligations Include trustee fees, economic development obligations. debt service on certificates of participation, debt repayments related to site-specIfIc projects and to the City Genaral Fund. The 20% commercial corridor settlement set-aside from the South Main tax Increment revenue is slso Incorporsted here. The contractual obligations are assumad to continue over the effective life of the respective Project Areas, 6. Budaeted Proiects Existing budgeted oapitallmprovement projects Identified in the Agency's FY 2004..Q5 and FY 2005-06 budget projection reflects various anticipated oapitallmprovemants In the South Main commercial corridor of the South Main Project Area. Specific subsequent year project costs were not Identified by Agency steff and are not assumed in the cash flow projection. 7. Affordable Housino The Agency Is annually required, to deposn 20 percent of gross tax Increment revenues Into the Low and Moderate Income Housing Fund for the purposes of Increasing, Improving and preserving the community's supply of low and moderate Income housing. Specific housing projects, programs and activities have not been delineeted In this projection, but assume that as housing set aside funds become available thayare used by the Agency to fund such expenditures. The set aside requirements of the respective Project Areas are as follows: Central City Inter City North Harbor South Harbor South Main Bristol Corridor 0% 30% 30% 60% 20% 30% Preliminary Report for the Merger of the Santa Ana Redevelopment Projects '.AI....."."': '" Keyser M8I8!on Aseoclates, Inc. Page 18 '_00<_""""" ,~'" 55C-36 . 8. Future Loan Recavrnents The Table 4 cash flow projects potential cash deficl1s, such )hat short-term loans may be required, The deflclts sre primarily the result of anticipated ongoing ERAF payments to the Slate to address Slate budget deficits, In which the Agency Is assumed to borrow the required ERAFpayment from the Housing Fund. Non-ERAF deflclts are assumed to be funded from other Agency finllnclng sources as necessary over the term of the projection. The projection assumes that such loans can be advanCl!d to the Agency to meet any future cash deflcl1s, with the loan principal and Interest (assumed at 6%) to be paid on a pay-as- you-go basis in subsequent flscal years. These short-term 10llns may be funded from any allowable source noted below. ' 9. Future Discretionary Proleås To the extent future tax Increment revenues continue to be allocated to the Agency and exceed debt service, contractual obligations, sdmlnistratlve costs. budgeted capItal improvement projects, ERAF requirements by the Slate and short term loan repayments, the financial feasibility analysis assumes that the Agency will exercise Its discretion In funding other future projects, programs er activities of benefit to the Merged Project Area, Including the repayment of any outstanding Indebtedness of the Agency. The sntlcipated projects, programs or activities that the Agency may undertake as future resources become availsble have been prasented In this Report. . B. FINANCING METHODS AVAILABLE TO THE AGENCY The Agency has the legal authority and flexibility to implement the revitalization of the Merged Project Area utilizing ¡!Oy er 1111 of the following sources: (1) city; (2) state; (3) federal government; (4) lax Increment funds In accordance with provIsions of the existing CRL; (5) new lax allocation bonds; (6) Interest Income; (7) loans from private flnancill Institutions; (8) lease or sale of Agency-owned property; (9) donations; (10) developer payments; and (11) any other legally available public or private sources. Current provisions of the CRL provide authority to the Agency to create Indebtedness, Issue bonds, borrow funds or obtain advances in Implementing and carrying out the speciflc Intents of a redevelopment plan. The Agency Is authonzed to fund the principal and Interest on the Indebtedness, bond Issues, borrowed funds er advances from tax Increment revenue and any other funds available to the Agency. To the extent that it Is able to do so, the City may slso supply additional assistance through City Io8ns or grants fur various public facilities or other projeå costs. ' . The Table 4 feasibility cash flow reflects net tax Incrament revenues of approximately $845,082.000 over the term of the cash flow. In addition. nearly $579,692,000 would be deposited Into the Agency's Low and Moderate Income Housing Fund. Other funds may be available to the Agency. as assumed on the Table 4 feasibility cash flow, Including Preliminary Report for the Merger of the KXIUlur il KeyserM_on Assodates, Inc. Senta Ana Redevelopment Proðcts Page 19 P_SHTA.-a<..,.. ,......,."""""... 55C-37 repayments of monies lent by the Agency and loans from other allowable financing sources noted above. Net Tax Increment Housing Set AsIde Miscellaneous Revenue Loans Total Resources $845,082,000 579,692,000 872,000 32.275.000 $1.457,921,000 1. Tax Increment Revenues Table 7 represents the combined summary of tax Incremeni revanues that have been projected for the Merged Project Area. TheprojectJons of the Incremental taxable values and resulting tax Increment revenues for each of the respective redevelopment project areas are shown In Tsbles 7a - 7f, Raported assessed values for each project area provide the basis for the respective tax Increment projections (values es reported by the Orange County Auditor-Controller for FY 2oo3-04), FUllÌre tax increment revenues are based upon assumed Increases In the annual Incremental assessed vsluation resulting from a real property 4% annuallnflallonary Increase allowable under Article XlIIA of the Callfomia Constitution, ' The gross tax Increment revenues projected for the Merged Project Area aver the term of the feasibility cash fiow projection amounts to $1,961,741,000, of which $579,692,000 would be deposited Into the Low and Moderate Income Housing Fund, $39,235,000 would be paid in County administrative charges, $447,173,000 would be paid to affected taxing agencIes under current tax sharing agreements and $50,560,000 would be paid under statutory pass through formulas to other taxing agencies IrfØgered es a result of the elimination of the debt Incurrence time limits (per SB 211) of the South MaIn, North Harbor snd South Harbor Project Areas. Net tax Increment revenues amount to $845,082,000, 2, Houslna Set AsIde The Agency Is snnually required to deposit 20 percent of gross tax increment revenues generated by the Merged Project Area Into the Low and Moderate Income Housing Fund for the purposes of Increasing, Improving and preserving thå community's supply of low and moderate Income housing. Specific housing-related projects, programs and activities are not delineated in by the Agency to fund such expenditures. The feasibility cash flow, but assume that as housing set eslde funds beoome available they sre used. 3. Miscellaneous Revenues Existing miscellaneous revanues identIfIed In the Agency'lil FY 2004-05 and FY 2005-06 budget project/on reflects loan repayments anticipated In the Central City, South Harbor and South Main Project Areas, Prellmlnlll}' Report for the Merger of the Senta Ana Redevelopment Projects 1IõXII~IU".£ " Keyser Marston Asaoàates, Ino. Page 20 -_.aNT- ",",.00,-", 55C-38 '--'-""-""" -" . 4. I.2!!n§ The cash flow projects potential cash deficits, as discussed above. The deficits are primarily the result of sssumed on-golng ERAF payments to the State as a result of State budget deficits, The cash flow assumes that short-tenn loans can be advanced to the Agency, as necessary, to meet any Mure year deficits. The projection assumes that the Agency may borrow from the Housing Fund In order to meet the ERAF payments. Non- ERAF deficits are assumed to be funded from othar Agency financing sources. Loan principal and Interest (assumed at 6%) to be paid, on a pay-as-you-go basis, within the subsequent fiscal years. The short-tenn loans may be funded from any allowable source outlined above. ' C. PROPOSED FINANCING METHOD, ECONOMIC FEASIBILITY, AND REASONS FOR INCLUDING TAX INCREMENT FINANCING . The anticipated costs to Implemant a program of revitalization In the Merged Project Aree will require significant partlcipetion from the Agency as It Implements activities that promote and achieve the stated goals snd objectives of the Amended Plan. Economic feasibility of the Merged Project Area has been determined based upon a comparative cash flow analysis of the anticipated costs for Implementation of the proposed redevelopment program to the resulting projected resources expected to be generated over the life of the Merged Project Area. The financial fessibillty cash flow summarized on Table 4 was created to represent one scanario of economic feasJblllty, M the discretion of the Agency, other funding sources discussed ebove may also represent viable funding altematlves for economic feasibility of the Amended Plan. Although the Agency may consider other funding sources pennltted In the Amended Plan, not all of the funding sources may be available or be feasible for the Agency to use In financing the antlclpsted costs and revenue shortfalls. In the event that neither the City nor the private markat acting alone could fully bear the costs associated with revitellzatlon of the Merged Project Area, the implementation of a redevelopment program utilizing tax Increment revenues must be considered as a viable financing tool. . Preliminary Report for the Me<ger of 111. Santa Ana Redevelopment Projects JSXIf,I.l:U:I.' ¡¡: Keyser Marston Asacciates, Inc. Page 21 '-"""'CI<oOd ,-.-... 55C-39 Tlble" PRELIMINARY Pnllmlnary FInancIeJ F8aolbUfty CahIIow ~ Project Area Merger Santa Ano ~Iopment Agency '000'8 Dmlltod) ""'*"'co,_T- 2OO4-ÐIi :IOO54Jf 2008-<>7 2007-<J8 2OOIJ.<J9 2009-10 201"'" 2OI1-IZ 2O,.-1S 2O1S-1< I 2014-15 2015-16 2O1M7 -....: I Not Taxtnc:nomont (Table 7) 23,738 23,012 22,652 23.566 24.516 25,502 26.513 27.563 28,653 29.784 30.940 31,744 32,974 2 HousIng -- (TlbIe 7) 10,443 10.951 11.478 12,025 12,592 13,181 13.191 14.424 15,082 15,763 16,471 17,205 17.967 3 MIscellaneous Revenue (T- 5) 800 16 16 16 a 8 8 0 0 0 0 0 0 4 10IIII- 34,980 33.978 34.145 35,601 31,118 38,690 40,312 41,931 43,734 ~547 47.410 48,949 50,940 1:xpendIIu...: 5 /qIIw:f Bond Debt - (Table 6) 13,715 13,714 13,126 13.738 13,736 13,744 13,781 13,766 13.775 13,193 13,794 13.808 13,610 6 T_In(1996YSI989DSQ'8) (1,211) (1,193) (1,218) (1,217) (1.216) (1,227) (1,236) (1,230) (1.240) (1.245) (1.252) (1.251) (1.264) 7 ERAF (Table 5) 1,831 1,831 1.831 1,831 1,831 1,831 1.831 1,831 1,831 1.831 1,831 1,831 1,831 6 --(T_5) 4.3112 4.3112 4,493 4.628 4,767 4.910 5.057 5.208 5,365 5,526 5.692 5,863 6,038 (II 9 CanInocIuoI 0bIigøII0n0 (T- 5) 9.305 9,080 91JfJ7 6,968 8.884 9,149 9.365 9.695 9.662 10,069 10,504 9.317 8.342 (II 10 BudgelBd Praeœ (Table 5) 1.228 1.228 0 0, 0 0 ,0 0 0 ,0 0 0 0 0 11 - Houaing 10,443 10,951 11,47a 12,025 12.592 13,1a1 13.791 14.424 15,082 15.763 16,471 17,205 17.967 ~ 12 1da1 ~ 39.673 38.972 38.919 39,872 40,572 41.588 42,570 43,694 44,675 45,737 47.039 46.773 46,725 AII- -....., 0 13 lolli 110m HousIng Fund (ERAF) 1,831 1.631 1.831 1.831 1,831 1,831 1,831 1,707 941 190 0 0 0 14 LIIIII'I 110m Other Saun:os 2,662 4,163 3,943 2.535 1,625 1.067 428 0 0 0 0 0 0 15 ,TdaI_- 4,693, 5,994 5,774 4.355 3.466 2,898 2.;256 1,707 941 190 0 0 0 AcId/tIonaI ~nd_: 16 Hog lolli ROI8id (5C'I. ~ Not TI) 0 0 0 0 0 0 0' 0 0 '0 186 1,088 2,106 17 Other loons Repaid (50% -.go Net TI) 0 0 0 0 0 0 0 0 0 0 93 544 1.054 16 DIsa'eIIonroy />qeœy ~1tIns 0 0 0 0 0 0 0 0 0 0 92 544 1,053 10 ToIaIAddIIIonaI Expendi\U06 0 0 0 0 0 0 0 0 0 0 371 2,176 4.215 20 EncIng - 0 0 0 0 0 0 0 0 0 0 0 0 0 -by---...... , .......... SloAne - 02",..,.: Cosh: 2I2fJI2rof, GSH: Page , of 3 . . . 55C-41 (II (II C') t Table 4 PrelIminary financial FeasIbItlty Cashll_, PropcIMd Project Area Møtger - Ana R-.Iopment Agency :_.Omi -: 1 NetTIXI_(T8blo7) 2 Houù1g -... (Tatio 7) 3 M__(T_5) 4 T 0481 Rosoun:os "--roo: 6 Agoncy BandDoblSoMco (T_6) 6 T_In(I998"1989DSCI1Idit) 7 ERAF (T- 5) 8 --(T_5) . ConImc:IuoI 0bIig0II0nø cr- 5) 10 BucIoIBdProods(T-SJ ' 11 -Houù1g 12TaIBI~ --.....: 13 Loon from Housing FInI (ERAF) 14 Loon from Other Soun:os 15,ToIBI_- AddItIonal EJcpondI\uroo: 18 Hsg Loon Ropoid (50% POY-<lS-)'DU1O Not T1) 17 OIhorLoans Ropoid (50% - NotTI) 18 DIscretionaryAgonoy~ 18 TaIBI Additional E><pondilu... 20 Ending BøIance 2017-16 34.251 18.757 0 53]õã 13,817 (1.268) 1,831 6,220 8,590 0 16,757 47.946 2.531 1.268 1.268 5.061 20111-1. 35.577 19,578 0 55;1s4 13.816 (1,257) 1.831 6.406 8,846 0 19,578 49,220 0 0 Õ 2.967 1..484 1.483 m:¡ _oedbyI<eyoerM__rnc. -- SIB""""'" 02-23-1>4: Caoh: 2126/2004: GSH: Page 2 '" 3 201..20 36.955 20,429 0 57.383 10.929 (1.281) 1,831 6.598 9.112 0 20,429 47:61a 0 0 Õ 4.882 2,441 2,441 9:76i 2020-21 38.382 21,313 0 59:694 1,290 0 1,831 8.796 9,352 0 21.313 4õ;5ä2 0 0 Õ 9.556 4,778 4.778 19;112 --"-,._, _""""'- """""""'"- 2021-22 2022.z3 2023-24 39.865 22,230 0 ii2:õiM 1,291 0 1,831 7.000 9.638 0 22,230 41,989 0 0 Õ 7.115 6,495 6.494 20,104 41,406 23,181 0 M:587 1.294 0 1.831 7,210 9.934 0 23,181 43A5i 0 0 Õ 0 10,568 10,568 21.136 26,893 24,169 0 51.061 1,295 0 1,427 34 7.231 ,0 24,169 34.156 0 0 Õ 0 8,452- 8,452- 16.904 0 2024-" 27,915 25,195 0 53,110 1.294 0 1,427 35 7.526 0 25.195 35.477 0 0 Õ 0 2,851 14.181 11.632 0 2025-28 28,780 26,259 0 55.039 1.291 0 1,421 36 1,833 0 26.259 36:ã51 0 0 Õ 0 0 18.181 1â;1ã7 0 PRELIMINARY 2026-27 27.121 25.907 0 53:627 1.291 0 1,427 31 8.151 0 25.907 36]1g 0 0 16,808 16.808 2027-28 28,41a 26,813 0 56:23i 1,3O(J 0 1.427 36 8.482 0 26,a13 3ã;O6o 0 0 õ 0 0 11,171 17.111 _"""""'- 2026-29 2029-30 29.522 27.932 0 57A53 1.301 0 1.427 39 8,825 0 27,932- 39;52'4 0 0 õ 0 0 17.929 17.929 30.668 2.9.093 0 59:76õ 1.3O(J 0 1,427 41 9,181 0 29,093 4Di4i 0 0 õ 0 0 õ 0 0 1a,718 ¡¡;m .. . . Table 4 PRELIMINARY -.nary FInancial Feasibility Coshllow Pn>pooed Pro8cI Area Merger Santa Ana _Iopment Agency '000'. 0mIIIad) .""',S""'. .-- TI"" 2030-'11 2031-32 I 2032-33 2033-34 2034-'6 2035-38 2036-31 2031-38 2038-39 I 2039-40 TOTAL -urœa: , NetTaxll1a1llnllnlcrable7) 31.858 33,094 349 351 365 314 383 392 402 2 Housing -... crableT} 30,299 31.560 3.155 3.313 3,476 3.646 3,822 4,006 4,197 3 MI8œIanoousR_crablo5) 0 0 0 0 0 0 0 0 0 4 Tdal Rosourœs 82.156 6<,&44 3.504 3,669 3.&10 4,019 4.205 4.398 4,599 ~: 5 Ager1cy Bond ~ - [Table 6) 1.301 0 0 0 0 0 0 0 0 8 7_10(11196..198908..-) 0 0 0 0 0 0 0 0 0 1 ERAF crable 5) 1.427 1,427 60 60 60 60 60 60 60 (II 8 - crable 5) 0 0 0 0 0 0 0 0 0 , ContnIcIuaI 0IJIIg0tI0ns crable 5) 9,551 9,936 0 0 0 0 0 0 0 (II '0 I!udgoIød /'rojods crable 5) 0 0 0 0 D 0 0 0 0 0 11 - Housing 30,299 31,560 3,155 3,313 3,476 3,846 3,822 4,006 4,197 £,. 12 ToI8I~iIuna 42.576 42,912 3.215 3,373 3.536 3.T06 3,662 4.066 4,257 W ---: 13 \.oa¡¡ from Housing Fund (ERAF) 0 0 0 0 0 0 0 D 0 0 14 lD811rom Other Sourœs 0 D 0 0 0 0 0 0 0 0 '5 ToIIII- Røsoorœs 0 0 0 0 0 0 0 0 D 0 AdcIltIonol ~_:, 18 Hag loor1 RepoId (50% - Net 71) 0 0 0 0 0 0 0 0 0 11 Other Loons RepsId (50% - Net TI) 0 0 0 0 0 0 0 0 0 18 DIsø8IIonory ÞOoancf ~ 19.576 21,731 266 296 304 313 322 332 342 " ToI8I_ExpendItunls 19,516 21,131 266 296 304 313 322 332 342 20 Ending - 0 0 0 0 0 0 0 0 0 "'-'" by - - -, !no, FIenamo; SOl Ana - O2-23-ð4: C80h: 2I28l2OO4; GS>t "- 3 '" 3 Table 5 PRELIMINARY Revenue & Expenditure DetaIl Propoeed Project Aree Merger Senta Ana Redev~nt Agency (000'. Omltled) --"",....,- RP ~ 2004-06 «JO&Ð6 2OOIHI7 2007-08 :zooa.œ 200!>-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2OT7-18 2016-19 -_. cc Loon ~ . Comn-IRohabo 10 10 10 10 5 5 5 0 0 0 0 0 0 0 0 SH Loon -ymenl- CommI - B 6 6 6 3 3 3 0 0 0 0 0 0 0 0 8M Lœn Repayment - AiIo - Sub 782 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ToI8I.....,- BOO 16 16 16 B B 8 0 0 0 0 0 0 0 0 - ERAF CC Cenq CIty ERAF 404 404 404 404 404 404 404 404 404 404 404 404 404 404 404 IC -CltyERAF 88 88 88 88 88 88 88 88 88 88 88 88 88 88 88 CII NN N<x1h"""" ERA!' 107 107 107 107 107 107 107 107 107 107 107 107 107 107 107 CII SN South, NIIIf>or ERAF 0130 0130 0130 0130 0130 0130 0130 0130 0130 0130 0130 430 0130 0130 0130 0 8M South "'""' ERA!' 741 741 741 741 741 741 741 741 741 741 741 741 741 741 74'- BC "- CorrIdor ERAF 60 60 60 60 60 60 60 60 60 60 60 60 60 60 60 t T 0IIII eRAF Aencr-Wido 1.831 1,831 1.831 1,831 1,831 1.831 1,831 1,831 1,831 1.831 1.831 1.831 1,831 1,831 1,831 ...."""-...",,cnLA NH Admin -......-. 623 623 641 880 880 701 722 743 766 789 812 837 882 888 914 SN - -......- 25 25 26 27 2:1 28 29 30 31 32 33 34 35 36 37 SN_- 647 647 666 686 707 728 760 m 795 819, 844 IÍ89 895 922 950 SM --- 736 736 760 781 804 ~8 863 879 9œi 932 960 989 1,019 1,049 1,081 8M Admin Eoonamic Oovoiopnoont 1,187 1,187 1.202 1,238 1,2:15 1,313 1,352 1,393 1,438 1,478 1,922 1,568 1.615 1.883 1,713 8M Mnin Nan-DMoIonaI 232 232 239 246 254 261 269 2n 285 294 303 312 321 331 341 su_- 913 913 941 989 998 1,028 1,059 1,091 1,123 1,157 1,192 1,227 1,264 1,302 1,341 BC --- 20 20 21 21 22 23 23 24 25 25 26 2:1 28 29 29 TotII_- 4,362 4,362 4,493 4,628 4,787 4.910 5,057 5,209 5,365 5,526 5,692 5,883 6,036 6,220 6,406 8ouroo: ....... ..- - by Agency - ~ by Koyoer - -. 'no. - SIa Ana ""- 02-23-<>01: &p: 2I26/201M: GSH: P- 1 0/ 4 . . . Table 5 PRELIMINARY Revenue & ExJ>endJtu.. Detail PI'OIOHd Project AI1Ia Marger Sama Ana ~opmant Agency (000'8 om~ --.8-,8-1 '-""_To 8.,..,.."",...", RP Oosaiption 2019-20 202(1.21 2021.,22 2022-231 2023-24 ~ 2025-26 2026-27 - . --~. cc Loan Rapoynøo. Cernml Rehabs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SH Loan Repo¡msnt. Conwd - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SM l.oon~'AuIoMaIS8ab 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ToCaIMisc- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -- EIW' CC ConIr;tJ QIy EfW' 404 404 404 <404 0 0 0 0 0 0 0 0 0 0 IC -CiI¥EfW' 88 88 88 88 88 88 88 88 88 88 88 88 88 0 (II NH Nar1h - ERAF 107 107 107 107 107 107 107 107 107 107 107 107 107 0 (II SH SoIIIII-ERAF 430 430 430 430 430 430 430 430 430 430 430 430 430 0 (') 8M - MaIn ERAF 741 741 741 741 741 741 741 741 '741 741 741 741 741 0 Be -~ERAF 60 60 60 60 60 60 60 60 60 60 60 60 60 60 .£,. ToCaIEfW'~ 1.831 1.831 1,831 1,831 1,427 1.427 1.427 1.427 1,427 1,427 1.427 1.427 1,427 60 (II -- .. ". COlA Nt< - -....-... 942 970 999 1,029 0 0 0 0 0 0 0 0 0 0 SH_~ 38 39 40 41 0 0 0 0 0 0 0 0 0 0 SH__' 978 1,008 1.038 1,069 0 0 0 0 0 '0 0 0 ,0 0 8M AdmIn --- 1,113 1.146 1,181 1,216 0 0 0 0 0 0 0 0 0 0 SM AdmIn Economic: I>ewIopmsnt 1,765 1,818 1,872 1,928 0 0 0 0 0 0 0 0 0 0 8M AdmIn""""'" 351 362 312 384 0 0 0 0 0 0 0 0 0 0 SM_- 1,382 1,423 1.488 1,510 0 0 0 0 0 0 0 0 0 0 Be Adm" --- 30 31 32 33 34 35 36 37 38 39 41 0 0 0 T"'__- 6,598 6.796 7,000 7,210 34 35 36 37 36 39 41 0 0 0 SouaI: -... - -- by Agency - "'- by Ka- Ma~ -. 'nc. - ...... Margsr D2-23-04: E>q>: 2i26I2oO4: GSH: !'age 2 at 4 TableS PRELIMINARY Ravenua & Expendltu.. D8IaJI PropoHCI Proact Area, Merger Santa Ana Radevalopm8t1l Agency 1000's OmmH) """"",,_T, RP ~ 2004-05 2005-06 2IJO6..O1 2001.00 2OO8-œ 2009-10 2010.11 2011-12 2012-13 2013-141 2014-15 2015-16 2016-11 2017-18 2016-19 c-.. 0bIIa0tIan0 CC lo81R8paymenI-SAV..... 800 818 832 849 866 883 901 919 937 956 975 995 1,015 1.035 1.056 CC T..... Fees 14 14 14 14 14 14 14 14 14 14 14 14 14 14 14 CC PaclncSympllony 145 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CC Co! - - SobIidy 80 80 80 80 80 80 0 0 0 0 0 0 0 0 0 CC DSCl_1'8ymoo1t 135 135 135 135 135 135 135 135 135 135 135 135 135 135 135 CC 0Iang0 County HiItISdIooIror 1118 Arb 300 0 0 0 0 0 0 0 0 0 0 0 0 0 0 I CC Sy<8n<n GanIgø 180 180 180 180 180 180 180 180 180 180 180 180 180 180 180 1 CC 2002$2.8MCOP~) 368 369 367 367 369 367 368 369 184 0 0 0 0 0 0 UI IC T.......__U8C 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 SH T.....- 10 10 10 10 10 10 10 10 10 10 10 10 10 10 10 c.n SH FHP~ 200 200 200' 0 0 0' 0 0 0 0 0 0 0 0 0 0 8M T...-F- 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 ~ SM ~--- 375 400 712 733 503 519 534 550 567 584 801 619 0 0 0 SM GFRopoy-CCI'arl<ÞvGorllODS 1,200 1.200 1.200 1.200 1.200 1.200 1.200 1,200 1,200 1.200 1,200 1.200 1,200 1,200 1,200 Ø) 8M GF Ropoy - DT Prop - 300 300 300 300 300 300 300 300 300 300 300 300 300 300 300 SM GF Ropoy - - P8kng 30 30 30 30 30 30 30 30 30 30 30 30 30 30 30 8M GFRopoy-2003COPa(DTPIq) 1.867 1,900 1,950 1.317 1.261 1.3<46 1.434 1,547 1,676 1,835 2,029 595 0 0 0 8M Commoft:io ~ 20'4"""'" 3,289' 3.434 3,585 3,742 ' 3.904 4,013 4,248 4.430 4.618 4.814 5,017 5,228 5,447 5.674 5.910 Talal ConIr8çIuøI-.,. 9.305 9,080 9,807 8.968 8.864 9.149 9,366 9,695 9.862 10.069 10,504 9.317 8.342 8.590 8,846 ...--.. p_. 8M Comm Con- S 11801 SlImpo 828 828 0 0 0 0 0 0 0 0 0 0 0 0 0 8M Comm Con- FIrst & MaIn 400 400 0 0 0 0 0 0 0 0 0 0 0 0 0 Talale~PITjoCIs 1.228 1.228 0 0 0 0 0 0 0 0 0 0 0 0 0 -----Þ¥-- _þ¥IW_Mo'--'1nc. F- Sta AM Merger 02,-23-44: E>p: 2I28I21XW: GSH: Page 3 0/4 .' . . Table 5 PRELIMINARY Ravenue & Expenditure Detail Proposad pn>ect Ana Merger Santa Ana Redevelopment Agency (000'0 Omlllacl) --.S_,' _",,_T. """"",,"'.>T! RP Deoaiplion 201~ 2020-21 2021-22 2022-231 2023-24 2024-25 2025-26 2026-27 2027-28 2028-29 202&-30 I 203(1.31 2031-32 I 2032-33 CantnduaI - co UIon-.......-s.A.Vormn 1,rYT7 1.098 1.120 1,143 0 0 0 0 0 0 0 0 0 0 co T_- 14 0 0 0 0 0 0 0 0 0 0 0 0 0 co PacIIc Symphony 0 0 0 0 0 0 0 0 0 0 0 0 0 0 co CalSIafoFul/er1mSubsJdy 0 0 0 0 0 0 0 0 0 0 0 0 0 0 co DSC '- Paymont 135 135 135 135 0 0 0 0 0 0 0 0 0 0 co Orongo Cou1ty Hgh School,.,. tho - 0 0 0 0 0 0 0 0 0 0 0 0 0 0 co S)'QlJ11On> GonIgo 180 180 180 180 0 0 0 0 0 0 0 0 0 0 co 2002 $2.8M COP (PhI-"""""') 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (II Ie T___ageC 10 0 0 0 0 0 0 0 0 0 0 0 0 0 SH T-F- 10 0 0 0 0 0 0 0 0 0 0 0 0 0 (II SIi FHP '- 0 0 0 0 0 '0 0 0 '0 0 0 0 0 0 0 8M T_- 3 0 0 0 0 0 0 0 0 0 0 0 0 0 A. 8M ~--- 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8M GF "- . co P8Itdng ~ os 1,200 1.200 1.200 1,200 0 0 0 0 0 0 0 0 0 0 ..... 8M GF "- - DT Prop ~t 300 300 300 300 0 0 0 0 0 0 0 0 0 0 8M GF "- - Senior PorIt1g 30 30 30 30 0 0 0 0 0 0 0 0 0 0 8M GF!'oPor - 2003 CDPo (OT PIq) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8M Ccmmon:IoI Conidor 20% -- 8,155 8.409 8.873 8,947 7,231 7,526 7.1133 8,151 8.482 8.825, 9,181 9.551 9,936, 0 T""~~ 9.112 9.352 9.638 9.934 7.231 7,526 7.833 8,151 8.482 8,825 9.181 9,551 9,936 0 --: 8M Comm Carr S Uai1 St Imps 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8M Comm Carr _a Uai1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Tdal 9udgo1od P!oods 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Sowœ:""""'-.p-..,.-- -..,.Keyoeo-_-....lnc. -- Sta - - 02-~: - 2I2eI2OO4: GSH: Pogo 4 014 Table 6 , Existing Debt Service , & Other Senior Obligations Santa Ana Community Redevelopment Agency 1000's Omitted! Cellini CII)' _Iopmonl Project FInAuthority An Authority FIn Authortty Agoncy Agency 1998 Sot A 1998 Sor B 1998 SerD 111896era 1989 Sot E Refunding TO)( AI_lion RoIIJ...,O Flnancln9 TO)( Allocøtlon MaIn Place Agency Rov Bd8 Benda Rev Bd8 AuthorIty RellJndlno TA Refund Debt Sve FY, Ace! 6948 Ace! 6948 Fd 402-933 Obllootlon 'Fd517 Fd519 Obligations 2004-05 4,162,140 925,325 1,545,455 6,632,920 5,771,119 1,750,733 7,521,851 2005-09 4,168,995 928,159 1,552,708 9,649,882 5,168,791 1,754,659 7,523,440 2006-07 4,191,525 024,841 1,557,481 8,643,846 5,770,588 1,759,824 7,530,389 2007-08 4,153,450 925,369 1,559.721 6,639,540 5,770,550 1,761.314 7,531,964 2008-<)9 4,154,825 924.616 1,564,045 6,643,498 5,797,997 1,763,945 7,531,942 2009-10 4,145,965 922,581 1,585,224 6,633,970 5,766,984 1,767,350 7,534,334 2010-11 4,140,953 924,139 1,588,041 a,633,132 5,769,413 1,770,945 7,540,358 2011.12 4,143.975 924,158 1,572,375 6,840,406 5,768,950 1,774,345 7,543.195 2012'13 4,139,750 922,638 1,582,723 9,545,110 5,770,663 1,782,195 7,552,959 2013-14 4,139,925 919,591 1,584,249 8,642,454 5,798.538 1,784,125 7,552,693 2014-15 4,130,250 919,959 1,592,099 8,642,207 5,770,975 1,789,765 7.580,740 2015-19 4,129,250 919,344 1,600,950 9,649,454 5,771,298 1,793,560 7,564,848 2016-17 4.125,125 915,034 1,604,940 9,645,099 5,797,975 1,799,953 7,597,928 2017-18 4,122,500 914,903 1,909,060 9,649,3B3 5,768,194 1,903,395 7,571,589 2019-19 4,119,000 917,394 1,618,420 9,551,814 5,757,858 1,909,325 7,585,991 2019-20 4,110,250 912,809 1,685,920 9,709,979 5,768,325 1,871,765 7,640,110 2020-21 0 0 0 0 0 0 0 2021-22 0 0 0 0 0 0 0 2022.23 0 0 0 0 0 0 0 2023-24 0 0 0 0 0 0 0 2024-25 0 0 0 0 0 0 0 2025-28 0 0 0 0 0 0 0 2026-27 0 0 0 0 0 0 0 2027.29 0 0 0 0 0 0 0 2029-29 0 0 0 0 0 0 0 2029-30 0 0 0 0 0 0 0 2030-31 0 0 0 0 0 0 0 2031.32 ' 0 0 0 0 0 0 0 TOIaIs 66,243,379 14,739,844 25,383,317 106,348,33a 92,297,972 28,539,217 120,834,089 Source: Santa Ana Community Redevelopment Agency EXHIBI'l' 2 Pl8pared by Keyser Marston A88oc1ateo, Inc, Fileneme: SIB Ana Merger 02-23-04: DebtSvc: 2/2612004: GSH: Page 1 012 55C-48 ----.' , . Table 6 existing Debt Service & Other Senior Obligations Santa Ana Community Redevelopment Agency . 000'. Omitted InlorC Commuter llolion - HIrIIor I Falrvlew SOuth Moin AnAuthortty Agency Fin AuIhortty Agency 19988erC 1989 serA 1998 Set A 1989 SerG Agency Agency Total Tax AIIncotJon Tax Allocation Ralundlng Tax Allocation Sðr2O03A ser 20038 SoutJ1 Bonds Refunding Rav Bds Rafundlng fjow Money Now Money MainSt FY Acct 6948 Fd 527 AocI6948 Bond. TAB TA8 Obll9aUons 2QO4.o5 687,813 739,888 1,012,030 1,281,781 1,282,441 2,1109,475 4.191,923 2005-08 688,240 741,763 1,014,390. 1,260,608 (278,44a 2,911,475 4.187,923 2OQ6.(7 882,800 742,186 1.011,913 1.282,075 1,279.248 2,912,475 4,191,723 2007.08 888.300 741,183 1,011,825 1,281.008 1,279,448 2,924,475 4,203,923 2008.09 883,748 738,888 1,009,200 1,282,219 1,278,198 2,923,925 4,202,123 2009-10 684,945 739,581 1,009,084 1,280,531 1,279,173 2,930,400 4,209,573 2010-11 884,728 738,883 1,008,298 1,280,783 1,263,423 2,938,000 4,221,423 201,1-12 883.055 740,750 1,008,000 1,257,731 1,280,710 2,943,500 4.224.210 2012-13 880,105 740,663 1.009,125 1.281,075 1,261,810 2,939,000 4,220,810 2013-14 880,480 743.219 1,008,500 1.260,431 1,286,510 2,949,750 4,238,260 2014-15 859,020 738.419 1,008,125 1,280,819 1,284,730 2,949,750 4,234,480 2015-16 881.020 741,081 1,008,875' 1.281,275 1,288,805 2,954,250 4,240,855 2018.17 856,460 740,844 1,005,825 1,282.038 1,288,905 2,952,750 4,239,855 2017.18 855,400 742,525 1,002,375 1,257,725 1,284,905 2,980.250 4,245,155 . 2018-19 857,500 740,944 1,002,000 1,281,025 1,288,905 2,981,000 4,247,905 2019-20 852,780 740,919 999,375 1.261,175 1,266,975 0 1,298,975 2020-21 0 0 0 0 1,290,055 0 1,290,055 2021-22 0 0 0 0 1.290,870 0 1,290.870 2022.23 0 0 0 0 1,294,350 0 1,294,350 2023-24 0 0 0 0 1,295,200 0 1,295,200 2024-25 0 0 0 0 1;294.250 0 1,2114,250 2025-26 0 0 0 0 1.298,500 0 1,298,500 2026.27 0 0 0 0 1,298,725 0 1,298.725 2O27-2a 0 0 0 0 1,299,925 0 1,299.925 2028-29 0 0 0 0 1,300,975 0 1,300,675 2029-30 0 0 0 0 1,299,575 0 1,299,575 2030-31 0 0 0 0 1.301.025 0 1,301.025 2031-32 0 0 0 0 0 0 0 TotsJs 10,584.213 11,851.2114 18,122,738 20,172,075 34,763,766 44,060,475 78,844,263 Sou...,.: Sante An. Community Redevelopment Agency . BXHIBU' 2 Prepared by Keyaer Mers1on Associates, Inc, Fllenome: Bfa Ana Mergar 02-23-04: DebtSvc: 2/2812004: GSH: Page 2 of 2 55C-49 Tabla 7 Tal< Incrament Revenue Summary Propo.ed Project Area Marger ~nta Ana co~munlty Redevelopment Agency 000'. Omitted 1 ~ 3 4 5 6 7 Slotutoty Total Tex Not TI After Po.. Thru NotTlAftIIr Inaoment County Exlo1Ing HousIng & SMoIn Trlggo.-d ROIIonuo _ling Admin F.. PI" ExIoUng NHarbOr Statutoty FY ot1% SOt Alldo .2% Througho P... Thruo SHarber Po.. Thru 2004-05 39,091 (10,443) (782) (4,054) 23.813 (75) 23,738 2005-06 40,931 (10,951) (819) (5,997) 23,165 (153) 23,012 2008-07 42,841 (110478) (857) (7,621) . 22,885 (234) 22,652 2007-08 44 824 12025 896 8 19 23884 17 23,56B 2008-09 2009-10 2010.11 2011.12 2012.13 2013-14 2014-15 2015-1B 2018-17 2017-18 2018-19 2019-20 2020-21 2021.22 2022,23 2023-24 2024-25 2025-26 2028-27 2027.28 2028-29 2029-30 2030-31 2031-32 '2032-33 2033-34 2034-35 2035-38 2038-37 2037.38 2038-39 2039-40 ToIoI. 48,881 49,017 51,233 53,534 55,922 56.401 60,974 63.646 B6,419 B9,298 72,287 75,391 78,B13 a1,959 850433 72.599 75,893 7B,905 77,383 60,044 83,399 88,883 90,501 84,257 10,51B 11.042 11,587 12,153 12,741 13.353 13,989 0 1,961,741 ( , ) (12,592) (13,IB1) (13,791) (14,424) (15,082) (16,783) (IB,471) (17,205) (17,967) (18,757) (19,578) (20.429) (21,313) (22,230) (23,181) (24,199) (25,195) (28,259) (25,907) (28,813) (27,932) (29,Oi3) (3O,m) (31,550) (3,155) (3.313) (3,478) (3,848) (3,822) (4,006) (4,197) 0 (579,B92) ( ) (938) (980) (1,025) (1,071) (1,118) (1,IB8) (1,219) (1,273) (1,328) (1.388) (1.4411) (1,508) (1~72) (I,B39) (1,709) (1,452) (1,514) (1,57a) (1,548) (1,601) (1,888) (1,738) (1,810) (1,885) (210) (221) (232) (243) (255) (267) (260) 0 (39,235) II:XBIBI'l' 2 (,0 ) (6,431) (8,869) (9,303) (9,784) (10,242) (10,738) (11,253) (12,184) (12.785) (13,348) , (13,984) (14,803) (15,288) (15,955) (18,B70) (17,412) (18,182) (19,160) (19,628) (20,885) (2I,ð60) (22,489) (23,454) (24,455) (B,217) (8,588) (B,912) (7,248) (7,598) (7,981) (8,339) 0 (447,173) Prepared by Keyoer M8I1IIon A_to., Inc. F,lIename: 518 Ana Merger 02.23-04: Sum: 2121Il2OO4: GSH: pege I of 1 ..~, ..,_._'_'0 55C-50 24,920 25,997 27,114 28,275 29,480 30,731 32,030 32.984 , 34,389 35,807 37,300 38,651 40,462 42,138 43.874 29,568 30.902 , 31.888 30,102 30,984 32,239 33,583 34,938 38,387 875 920 987 1.018 1.068 1.119 1,174 0 895,842 (3 ) (404) (495) (BOI) (712) (827) (847) (1.091) (1.240) (1,395) (1,558) (1,723) (1,897) (2,080) (2,270) (2.488) (2,673) (2.886) (3,108) (2,381) (2,548) (2,718) (2,8116) (3,081) (3.273) (827) (584) (802) (842) (683) (728) (771) 0 (50,560) 24.516 25,502 211,513 27,583 26,653 29,784 30,840 31,744 32,974 34,251 35,517 36.955 38,3&2 39,66S 41,408 26,893 27,915 26,780 27,721 28,418 29,52~ 30,888 31,858 33,094 349 357 385 374 383 392 402 0 845,082 . Appendix Table 7-A Tex Increment Revenue Projection Central City Redevelopment Project Santa Ana Community Redevelopment Agency . 1000'e Omitted) 1 2 3 4 5 B 7 TolIIITax Lell ExJodng NoITIA/tlr TOI8I I_ment Increment Hou~ng County Pe.. Ho.....g& Projeol o..r SaM Rownul SetAoide Admin Fel Th",U{ho ExJ8ling FY Velue(I' $112,114 81 1% IBI 0% -2% AIl_mInts Pa.. Throe (2) 2004-05 835,501 723,388 7,807 0 (158) 0 7,MI 2005-06 887,034 754,920 8,123 0 (162) 0 7,960 2OQ6.O'T 888,782 781,877 8,450 0 (169) 0 B,281 2007-08 833,521 821,707 5,790 0 (i78) 0 B.81B 2008-08 seg,l72 857,058 8,i44 0 (183) 0 8,961 2009-10 I,DOS,897 883,783 9,S11 0 (190) 0 9.321 2010-11 1,044,050 831,836 9.693 0 (188) 0 9,895 2011-12 1,083.888 971,B73 10.289 0 (208) 0 10,083 2012-13 1,124,Be8 1,012,754 10,701 0 (214) 0 10,457 (3) 2013-14 i,167,853 1,O5B,839 11,129 0 (223) 0 10.906 201"'5 1,212,105 1,099,990 1',B73 0 (231) 0 11,342 2011;-18 1,258,269 1.148,175 12,035 0 (241) 0 11,7&4 2018-17 1,306,275 1,184,IB1 12,515 0 (250) 0 12,2B5 2017-18 1,358,134 1,244.020 13,014 0 (260) 0 12,783 2018-19 1,407,839 1,295,628 13,532 0 (271) 0 13,281 2019-20 1.481,768 1.349,654 14,070 0 (281) 0 13.788 2O2Q.21 1."7,700 1,405.586 14,829 0 (293) 0 14,337 2021-22 1,875.616 1,483,704 15,210 0 (304) 0 14,806 2022-23 1,638,209 1,524,095 15,B14 0 (31B) 0 15,496 (4) 2023-24 0 0 0 0 0 0 0 Totelo 216,229 0 (4,325) 0 211,904 No...: Commlnclng In FY2004-05, -.rodvelueainaO... by 4% ..,yeeron. un-.rod vllu.. by 2% pory (1) ProJIIOI VIIIUI,,/OpOrted by""Orongl CounIYAudltorCMtro"er, ' (2) Debt ,""""",eelmlt 0/ January " 2004 (FY 2003-04) (3) Plenelfeotlvene..limJtoIJuly2,2O13(FY2013-14) (4) Debt -yment Ilmll 0/ July 2, 2023 (FY 2023-24) end lex _nt lllocaliOn...... llIer.UCh dell, (B) InoIud.. UnItary tax........, fttimalld county ecImlnl8trotlv8lM. .rId eny _1U"'" eeU88d by tox Incremen belng-- . BXBIB:I'l' 2 P18p8red by Klyser Minion Aseoc:Iates, Ino, Faename:, Sta Ana Merger 02.23-04: CC: 2/2812004: GSH: Pige 1 of 1 55C-51 Appendix Table 7-8 Tax Incremenl Revenue Projection Inter City Commuter StaUon Project Santa Ani Community R8d8Y8lopment Allenc~ 1000'1 Omlltadl 1 2 3' 4 5 6 7 TololTox Lo.. ExlaUng Not TI Allor ToIoI Incromont I_I Hauling CcM!y P... HouaInS & v:'~, Ovor Boao _nu. Sot A8do Admin Fee Through ExIoIln9 FY $91,2B11 0"""5' -30% -2'" ........nto P... ThNl (2) 2004-05 291,820 200,634 2,043 (613) (41) (67) 1,322 2005-06 302.639 211,553 2,152 (646) (43) (71) 1,392 2006-07 314.180 222,894 2.285 (BIIO) (45) (75) 1,466 2007-08 325,9!i8 234,673 2.383 (715) , (48) (76) 1,542 2008-09 336,194 248.906 2;505 (752) (SO) (63) 1,621 2009-10 350.901 25Ø,616 2,832 (790) (63) (67) 1,703 2010-11 384,101 272.615 2,764 (629) (55) (91) 1,769 2011.12 377,612 266,526 2.902 (870) (58) (86) 1.877 2012-13 392,054 300,788 3,044 (913) (81) (100) 1,970 2013-14 408,849 315,583 3,192 (958) (64) (105) 2,085 2014-15 422,218 330,932 3,:146 (1,004) (87) (110) 2,185 2015-16 438,183 348,897 3,805 (1.062) (70) (115) 2,288 2016-17 454,768 363,482 3,871 (1,101) (73) (121) 2,375 2017-18 471,Ø9ð 380,712 3,843 (1,153) , (77) (127) 2.487 2016-19 488,888 398.812 4.022 (1,207) (80) (132) 2,803 2019-20 ðO8,49!i 417,209 4,208 (1,263) (64) (138) 2,723 2020-21 527,815 0138,528 4,402 (1,320) (88) (145) 2,848 2021-22 547,888 458,802 4,802 (1,381) (92) (152) 2,978 (3) 2022-23 568.742 477.457 4.811 (1.443) (98) (158) 3.113 2023-24 590,410 499,124 5,026 (1.508) (101) (IB11) 3,263 2024-25 812.923 521.637 5.253 (1,876) (105) (173) 3,399 2025-26 836.314 848,028 5,487 (1,"") (lID) (181) 3.650 2026-27 880.819 $68,333 5,730 (1,719) (115) (188) 3,707 2027-28 885,872 5114,588 5,!182 (1,785) (120) (197) 3,871 2026-29 712,113 620,827 8.245 (1.873) '(125) (206) 4,041 2029-30 739,379 848.093 8.517 (1,965) (130) (215) 4,217 203D-31 787,711 878.42S 8.801 (2,0<0) (136) (224) 4.400 2031-32 797,152 706.888 7,085 (2.128) (142) (234) 4,591 (4) 2032-33 0 0 0 0 0 0 0 Totslo 118,428 (34,929) (2,329) (3.635) 75,336 --. "'-.00, ---.... """"""-""""5""., (II ----""""""""""'-","*-, ~I--"""""",',""IFY-I PI """-""'J""-IFY-I 1'1 --""""""',"!2 (F'/-"'I'" "'---_......., 1>1-"_""--""""--"""'--"""--'""--, I!:XBIBI'l' 2 P"'pared by Koyser MMoIon _8188, Inc. Fllename:,S1a Ana Me<gor 02-23-04: IC: 2/2812004: GSH: Pa¡¡OI 011 55C-52 ,---" ""'----"" . Append'x Table 7.ç Tex Incrament Ravenue proecUon North Herbor Boulevarel Project Santa Ana Community Redevalopment Agenc~ . 1000's Omlttedl 1 2 3 4 6 8 7 8 9 Sa211 Tola' Tax ..... ExlatIng Not TI Aller Triggered NoITIAII.r TOtal 'ncromenl I",,",men! HaUlIng County P... Ho",'ng & Sta1u""Y S18\u1ory ProJo" Over Base _uo S"- Admin F.. Th_ha ExIaIlng Pou 11vu Paa.Tt\IU FY Vol... 11) $53.289 all"'5' .30% -2% Aonoamanta p... ThnI. Pavmanta Tl1aaer (2) :i0~5 288,130 204,841 2,064 (819) (41) (112) 1,322 (la) 1,303 2O~ 288,038 214,749 2,183 (849) (43) (l1li) 1,385 (37) 1,348 2O06.()7 276,335 226,045 2,288 (1180) (45) (90) 1,451 (57) 1,394 2007-Ð8 289.034 235.745 2,373 (712) (47) , (94) 1,520 (7B) 1,442 2O06-Ð8 300,153 248,684 2,484 (745) (50) (9B) 1,591 (99) 1,492 2009-10 311,708 258,419 2,800 (760) (52) (103) 1,885 (121) 1.543 2010-11 323,718 270,427 2.720 (818) (54) (108) 1,742 (144) 1,ð97 2011-12 338,195 282,908 2.B44 (853) (51) (113) 1,1122 (188) I,M3 2012-13 349,184 295,876 2,974 (892) (59) (118) 1.906 (193) 1,711 2013-14 382,842 309,363 3,109 (933) (82) (123) 1.991 (219) I,m 2014-15 378,MO 323.380 3.249 (975) (85) (129) 2,081 (284) 1,817 2O1s.16 391,2C8 331,918 3,385 (1,018) (8B) (134) 2,174 (310) 1,854 2016-17 408.338 353,048 3.546 (1,084) (71) (140) 2,271 (358) 1,913 2017.16 422,062 588,773 3,703 (1,111) (74) ,147) 2,311 (408) 1,953 2018-19 438,408 385,118 3,887 (1,180) (17) (153) 2.418 (480) 2,018 2019-20 M55.392 402,102 4,036 (1.211) (61) (180) 2,585 (514) 2,071 ~020.21 473.046 419.757 4.213 (1,254) (54) (181) 2,898 (570) 2,128 2021-22 491.396 438.106 4.395 (1,319) (88) (174) 2,815 (1129) 2,187 (3) 2022-23 610,488 451,119 4,S87 (1.318) (92) (1112) 2,938 (889) 2,248 2023-24 530,291 471,002 4,785 (1.438) (90) (1110) 3.085 (752) 2,312 2024-25 560,896 487.806 4,991 (1.491) (100) (1118) 3.197 (818) 2,319 2025.26 572,312 519,022 6.206 (1,582) (104) (208) 3,334 (888) 2,448 2028-27 594.572 541.283 511 (111) (11) (23) 388 o 388 2027-28 817,711 684,421 0 o 0 0 0 ° 0 2026-29 841,7112 588,472 0 0 0 0 0 0 0 2029-30 8118,782 813.472 0 0 0 0 0 0 0 2030-31 692,748 839,459 0 0 0 0 0 0 0 2031-32 719,781 888.471 ~ 0 0 0 0 0 0 (4) 2032-33 0 0 0 0 0 0 0 0 Total. 78.143 (22.843) (1,523) (3,018) 48,181 (7.795) 40.96S ---"----""""-"---"""""" ",----".........""""--, ~, --""-"-"----""'. QI-_"""""",'""I"-' '0, -""""""""",2032"""""""""'------"", ($1-"""""-",--,,,,"",,--.....,--.....----........-, . EXHIBIT 2 Prepared by Keysor Mareton -otea, Ine. FlllIl1ame:'St&Ano Merger02-23-Ð4: NH: 212812004: GSH: Pogo 1 of 1 55C-53 Appendix Table 7.0 Tax Increment Revenue ProJection , South Harbor Slvell Falrvl- ProJect Sonta Ana Community Redevelopment AgenC!l (OOO'e Omltledl 1 2 3 4 5 8 7 8 9 88211 ToI8T.. Leu _Dog Not TI Aller Trigger8d NelTlAfter Total IRcromeRI In_1 HouIir4l County POI. HauIir4l& S1atuIory St8MDty ProId Ov« - Rev.... SotAlkle _Foe Throughl ExllClng PulThru PauThru FY Val.. (1) $330.958 ot 1" (5) -- -2" AgJWOlMf1tl PauThIUl PI- TrIoaao (2) 2004.05 1,222,183 891.225 9.008 (5.404) (180) (U83) 2,039 (21) 2,018 2005-06 1,283,327 832,385 9.419 (5,651) (168) (2,768) 783 (42) 751 2006-07 1,305,681 875,003 8,ßoI.I (5,908) (197) -'2,812) 8211 (84) 765 2007.08 1,3S0.143 1,018,165 10,268 (6,172) (206) (3,D43) 686 (87) 778 2006-09 1,39!5.932 1,084,874 10,744 18,448) (215)' (3,176) 904 (liD) 784 2009-10 1,0143,387 1,112,428 11,218 (8,731) (2201) (3,318) II« (135) 610 2010-11 1,492,573 1,181,815 11,710 (7,026) (2304) (3,0464) 968 (180) 626 2011-12 1,543,556 1,212,sae 12.220 (7,332) (24-4) (3,615) 1,028 (168) 642 2012-13 1,598,0103 I,28U45 12,7'" (7,"8) (255) (3,771) 1.073 (214) 8SØ 2013-14 1,851,167 1.320,228 13,298 (7,978) (268) (3,933) 1,118 (242) 877 2014.15 1.707.9!O 1,377,022 13.- (8,318) (277) (4,101) 1,167 (272) 895 2018-18 1,768,880 1,435,902 14,453 (8,872) (288) (4,275) 1,217 (303) 813 2018-17 1.827,807 1,498,949 15,084 (9,038) (301) (4,"') 1,288 (335) 832 2017-18 1,891.202 1,1580,244 15.698 (8,418) (314) '(4,643) 1.321 (369) 85.2 2018-19 1,958,833 1,825,875 18,353 (8,812) (327)' (4.837) 1.377 (404) 972 2019-20 2,024,989 1,893,831 17,033 (10.220) (341) (5,038) 1,834 (440) 894 2020-21 2,085,483 1.764,505 17.739 (10,843) (355) (5.247) 1,493 (47B) 1.015 2021.22 2,168,852 1,837.894 1B,471 (11,083) (369) (5,0464) 1,555 (517) 1,088 (3) 2022-23 2,244,555 1,913,597 19,230 (11,538) (385) (M69) 1,618 (557) 1.082 2023-24 2,323,278 1,992,320 20,017 (12,010) (400) (5,821) 1,895 (899) 1,088 2024-25 2,4O4,92B 2,073.970 20,83.0 (12,500) (417) (8,183) 1,754 (542) 1,112 2025-26 2,"'8,619 2,158,851 21,681 (13,008) (834) (6,413) 1,825 (697) 1.138 2026-27 2,577.487 2,246,509 22,559 (13.535) (451) 18,673) 1.899 (731) 1,185 2027-28 2,1188,595 2,337,837 23.470 (14,082) (48Ø) ,(8,913) 1,978 (782) 1.194 2028-29 2,763,128 2,432,170 24.418 (14,849) (168) (7,223) 2.OS5 (832) 1,223 2029-30 2,881,168 2,530,240 25,398 (15,238) (508) (7,513) 2,138 (684) 1,254 2030-31 2,982,942 2,831.Ø84 28,414 (15,848) (528) (7,814) 2.224 (838) 1,2B6 2031-32 3,068,502 2,737,544 27,"'8 (18,492) (548) (B,128) 2,313 (894) 1.31B (4) 2032.33 0 o 0 0 0 0 ° 0 0 T otaIa 470,851 (282,391) (8.413) (137.948) 40,1103 (12,030) 28,672 -~.F'f"""'---"'%"'-"'--"""'-' (') -_ü_"..."""" """""--, ~) __,,"_"_d__"""'21t, O)__..,d""',2<W{FY21122-23 "--"""""""{FY"""""""---'--- , ~ ...............--.-.. """"".._-"" ""--,,...-,-....._.-, BXBIBI'l' 2 Prepared by Key88r M...too Assoc:Iat.., Ino, Filoname:StI An. Merger 02.23-04: SH: 2I26l2OO4: GSH: P- 1 of 1 55C-54 -"""-"- . . . AppendIX Table 7-E Tax InCt8ment Revenue Projection South Main Street Project Santa Ana Community Redevelopment Agency 1000'. Omitted) 1 2 3 4 5 6 7 8 9 sa211 Tota/ Tax Le.. E>dotir19 Net TI After Trlggored NetT/AIle, Totot In- In......nt HouaIng CotJnty P... Houolng& SfaM",Y StalUtOty Proet1 Over 11888 :;:~ SetAskie Admin F.. Th"'ugh. E>dotir19 P... Thru Pa.. Thru ,FY VaJuo(1) $418,485 -20% -2% Agraem- l'aasThruo p- TrIoaar ,(2) 2004.05 2,036,37'6 1,617.891 18,443 (3,289) (329) (1.483) 11.343 (36) 11.307 2005.Q6 2,IOS,131 1,6110,648 17,111 (3,434) (343) (1.910) 11.484 (74) 11.410 2006.(]7 2,184,623 1.786,138 17,926 (3,885) (3S9) (3,289) 10,893 (113) 10.580 2O07.(]8 2.262,857 1.944,472 18,709 (3,742) (374), (3,433) 11,160 (153) 11,007 200a.09 2,344,243 1.925,758 19,522 (3.904" (390) (3,582) 11,645 (185) 11,450 2009-10 2.428.596 2,010.111 20,386 (4.073) (407) (3,737) 12.148 (238) 11,910 2010-11 2.51e.135 2.097.650 21,241 (4,248) (428) (3,e97) 12.970 (284) 12,387 2011-12 2.e08,984 2,186.499 22.148 (4.430) (443) (4,064) 13.212 (330) 12.882 2012.13 2,701.270 2,282.m 23.092 (4,ele) (482) (4,237) 13,775 (3'19) 13.388 2013-14 2,789.128 2,380.843 24.0'11 (4,814) (481) (4,417) 14.3S9 (429) 13.929 2014.15 2,900.896 2,482.211 25.087 (5.0n) (502) (4,603) 14.964 (463) 14.481 2015.16 3.0oe.119 2,587,834 26,141 (5,US) (523) (5.192) 15,196 (539) 14.6S8 2018-17 3.11U47 2,697,082 27,235 (5,447) (545) (5.410) 15,&34 (597) 15,237 2017-16 3,229,136 2.eI0,851 2e,371 (5,674) (567), (5,835) 1e,494 (857) 15,837 2018-19 3.347,048 2.92e,583 29.550 (5,910) (591) (5,969) 17,180 (nO) 18.480 2019-20 3.469,451 3,050,988 30,774 (e.155) (615) (e,113) 17,891 (785) 17.108 2020-21 3.596,520 3.17M35 32,045 (e.4O9) (841) (8,385) 1e.630 (852) 17,778 2021-22 3,728,439 3.309.984 33,364 (ð,673) (867) (e,627) 19,397 (922) 18,475 (3) 2022-23 3,885.395 3,446.910 34.734 (e,947) (S95) (8,899) 20.193 (995) 19,198 2023-24 4,007.585 3,589.100 38.15<5 (7.231) (123) (7,181) 21.020 (1,070) 19.1IðO 2024.25 4,155,215 3,736.730 37,832 (7,52e) (153) (7.475) 21.878 (1,148) 20.730 202$-26 4,308,497 3,890,012 39.185 (7,833) (183) (1.977) 22,572 (1,230) 21.342 2026-27 4.467,e51 4.049,166 40,758 (8.151) (815) ,(8.301) 23,4&9 (1.314) 22,175 2027.28 4.e32,908 4.214.423 42,400 (8.482) (846) (8,ð38) 24,441 (1.402) 23.040 2028-29 4.804.506 4.388.021 44.125 (8.825) (882) (8.987) 25,430 (1,482) 23,938 2029-3D 4.9112.893 4,1!64,208 48,1107 (9.181) (918) (9,350) 26.457 11,587) 24.870 2030-31 5.187,729 4.749,244 47.757 (9.851) (965) (9,727) 27,524 (1.885) 25,939 2031-32 5,359.880 4,941.39S 49.878 (9.936) (994) (10,11e) 26.831 (1,787) 28,844 (4) 2032-33 0 o 0 ° ° 0 o 0 o Totalo 851,873' (170,315) (17.a31) (164.515) 489712 (21.487) 478,215 -""'-.F'f_---"'~"'-"'~--"""'-' II> --""""""""""""""-",",-, ~ --"'-""'_~___"21', "' ""-Im'~""'~2022(fY"""> (.-_...~....~-(fY--"-----,,w, (o ......,--............,-"""'-......."".........-"..--...-- EXHIBI'l' 2 Þt9pOrod by Kayo., Maroion Aasoçata8. Inc. Fllonama: eta Ana Morga, 02-23-04: aM: 21211/2004: GSH: Pogo , of' 55C-55 Appendix Table 7~ , Tax Increment Revenue proJecUon Bristol Conrtdor Commuter S\ellon Project santa Ana Community R_lopment Agency 1000'e Omll\edl 1 2 3 4 5 5 7 5 9 S6211 ToUIITIX ExIatIng HotTI"", Trtggorod NotTI"ttor Tobd Incremon! ,........, Hou~n9 Co<Jnty Pan Hou~ng & Statutory Statutory V::~I o..r - R8venue Sot- Admin Foo Through. Exlotfng P... Thru "'.Thru FY $291.192 ."'!Io151 030% -2'!1o Ám-menta P... Thruo Paymo.... Trigger ~5 483,768 172,574 1,728 (515) (35) (1,039) 138 o 136 2!IOH8 481,555 190,383 1,906 (572) (39) 11.145) 150 o 1eo 200e-07 500,041 208,84V 2,090 (627) (42), (1,2&1) 155 0 166 2007-08 519,251 228,059 2.282 (686) (48) (1.371) 151 o 151 2008-09 539,213 248.021 2.482 (745) (eo) (1,490) 198 0 198 (2) 2009-10 559,957 266,186 2.690 (601) (54) (1,814) 215 0 215 2010-11 561.515 290.323 2.905 (872) (58) (1,143) 233 (13) 220 2O1H2 603.918 312.125 3,129 (939) (e3) (1,577) 251 (27] 224 2012-13 827.201 336.009 3,362 (1,009) (57) (2,01e) 211 (41) 230 2013-14 851.397 360.205 3,eO4 (1.OS1) (72) (2,1SO) '" (58) 235 2014-15 676,543 385,351 3,855 (1,157) (77) (2,310) 312 (71) 240 2015-15 7O2.e7e 411,464 4,117 (1,235) (52) 12,468) 333 (87) 245 2015-17 729,837 438.845 4,36IJ (1,31e) (68), (2,628) 356 (104) 252 2017-15 758,085 468,873 4.571 (1,401) (93) (2.198) 360 (121) 259 201S-19 157.402 498.210 4,964 (1.489) (99) (2,971) 404 (139) 2eS 2019-20 eI7.894 526.702 5.259 (1.581) (105) (3,153) 430 (157) 272 2020-21 1148.565 566.393 5,566 (1.675) (112) (3,342) 456 (190) 277 2021.22 882.523 591.332 5,915 (1.775) (118) (3,538) 484 (203) 251 2022-23 915,758 525,15ee 5,256 ('.577) (125) (3,742) 813 (227) 285 2023-24 952.341 881.149 5,513 (1,964) (132) (3,954) 543 (252) '" 2024-25 989.325 898,134 5,983 (2,095) (140) (4,174) 514 (278) 298 2025-25 1,021,768 736,575 1,388 (2,210) (147) ,<4,403) SO1 (305) 302 2026-27 1.067,725 775,533 1,71!f7 (2,330) (155) (4,641) 641 (333) 3OS 2O27-2a 1,109,257 518,065 8,183 (2,455) (164)' (4,666) 575 (362) 314 2026-29 1.152,426 851.234 8-&14 (2,564) (172) (5,145) 113 (393) 320 (3) 2029-30 1.197,299 908.107 9,083 (2."9) (151) (5,412) 151 (424) 327 2030-31 1.243,942 952,750 9,529 (2,869) (191) (5,889) 791 (457) 334 2031.32 1.292,426 1.001,234 10,014 (3,004) (200) (5,977) 532 (4VI) 341 2032-33 1.342,523 1,051,531 10,518 (3,155) (210) (5.277) 875 (627) 349 2033-34 1.396,211 1.104,019 11,042 (3,313) (221) (5,588) 920 (564) 357 2034-35 1.449,557 1,156,475 11.581 (3,475) (232) (5,912) 987 (602) 365 2035-36 1,506,275 1,215,OB3 12,153 (3,846) (243) (7.248) 1,015 (642) 314 2036-31 1,585,"9 1,273,921 12,741 (3,622) (255) '(7,596) 1,066 (683) 383 2037.36 1,826,289 1,336,087 13,353 (4,005) (257), (7,951) 1.119 (728) 392 2038-39 1.689,577 1,398.686 13,989 (4,191) (280) (8,339) 1.174 (771) 402 (4) 2D3¡.4Q 0 o 0 ° ° ° ° ° ° rotal. 230,717 (89,215) (4.814) (131.882) 19,025 (9,235) 9,789 Nolo: cQnwnon<:Ing In FY 2()(0.()6, Hand..- kIctN.. by 4% )8/' yur.od u........... V81- by 2'!1o pot' YHt, (1) Pm8d ..Iuo.. roportad by tho ~ County Auditor COntrol"r, (2) Debt '""""",,CO IIm~of Decomb8r 4, 2009(FY 2009-10) (3) -_. IImJt of Decomb8r 4. 2029 (FY2O2WO) , (4) Debt ..poyment ,mil of Decomber 4, 2039 (FY2O39-40).od lOX 1ricrem8n1 011- "0" elt8r..011 do", (5) Includoo Un"ry lOX .....nue. 0""- County -,nJ-lIvo ,-.od IIny __a co"""" by lOX In......... ....lptaliTI~ be"'" NOohod, EXHIBI'l' 2 Prep8r8d by Keyllor Monton Aosocletes. Ino. Aleneme: ate Ana Merger 02-23-001: Be: 2J26I2OO4: GSH: Page 1 0/1 55C-56 ------, ,..,--.._-" 0215/04 Ies . RESOLUTION NO. 2004-017 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA FINDING AND DETERMINING THAT A PROJECT AREA COMMITTEE NEED NOT BE FORMED IN RELATION TO THE PROPOSED REDEVELOPMENT PLAN AMENDMENTS TO MERGE THE EXISTING SANTA ANA REDEVELOPMENT PROJECT AREAS BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA, AS FOLLOWS: Section 1: The City Council of the City of Santa Ana hereby finds, detennines and declares as follows: . A. On July 2, 1973, by Ordinance No. 1173, the City Council of the City of Santa Ana ("City Council') approved and adopted a redevelopment plan for the Central City Redevelopment Project ("Central City Project.); and B. On July 6,1982, by Ordinance No. NS-1636, the City Council adopted a redevelopment plan for the Inter-City Commuter Station , Redevelopment Project ("Inter-City Project"); and C. On July 6, 1982, by Ordinance No. NS-1637, the City Council adopted a redevelopment plan for the North Harbor Redevelopment Project ('North Harbor Project"); and ./ D. On July 6, 1982, by Ordinance No. NS-1.638, the City Council adopted a redevelopment plan for the South Harbor Redevelopment Project ("South Harbor Project"); and E. On July 6, 1982, by Ordinance No. NS-1639, the City Council adopted a redevelopment plan for the South Main Redevelopment Project ('South Main Proiect"); and . F. On December 4, 1989, by Ordinance No. NS-2039, the City Council adopted a redevelopment plan for the Bristol Corridor Redevelopment Project ('Bristol Corridor Project"); and G. The "Existing Plans" consist of the Redevelopment Plans, as amended, prepared for the Central City Project, Intar-Clty 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 ' ' 1 55C-57 0215104 lea H. The Santa Ana Community Redevelopment Agency C'Agency") is vested with the responsibility to Carry out the Existing Plans. , 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 aniong the entire merged Project Area that will best facilitate the revitalization of blighted areas through increased economic vitality and increase and improve housing opportunities; and ' J. California Health and Safety Code section 33385 (Community Redevelopment Law - "CRL") requires that a Project Area Committee (PAC) be formed If: ' (1) A substantial number of low Income persons or moderate income persons, or both, reside within the project area, and the redevelopment plan as adopted will contain authority for the agency to acquire, by eminent domain, property oh which any p.ersons reside; (2) The redevelopment plan as adopted contains one or more public projects that will displace a ,substantial number of low income persons or moderate income persons, or both; and K. California Health and Safety Code Section 33385.3 requires, in part: (a) If a project area committee does not exist, and the agency proposes to amend a redevelopment plan; the agency shall establish a project area committee pursuant to Section 33385 If the proposed amendment to a redevelopment plan would do either of the following: Grant the authority to the agency to acquire by eminent domain property on which persons reside In a project area in which a substantial number of lOW and moderate-income persons reside. ' ' Add territory In which a substantial number of low and moderate-income persons reside and grant the authority to the agency to acquire by eminent domain property on which persons reside in the added territory. L. The Bristol Corridor Project does not currently contain the authority to use eminent domain as that authority has expired; and, (1) (2) M. The Agency currently has eminent domain authority within the Central City Project, Inter-City Project, North Harbor Project, South Harbor and South Main Project which will not be impact9d by the proposed Amendments; and , N. The proposed Amendments do not grant additional eminent domain authority within the Project Areas or add territory to the Project Areas. 2 , 55C-58 '--' 021&'04 lea . Section 2. In recognition of the Agency's eXisting authority to use eminent , domain in portions of the Project Areas as described in the Existing Plans, the City Council hereby finds and detennines that, because the proposed Amendments are a merger for eèonomic reasons only and will not grant additional eminent domain authority or add territory to the Project Areas. a Project Area Committee need not be fonned In connection with the proposed Amendments. ' . Section 3. ,As a means of complying with other requirements of CRL Sections 33385 and 33385.3, the City Council directs that Agency staff meet with residents, property owners, business owners, and exi$Üng civic and business organizations within the Project Areas, as appropriate, to discuss the Amendments and to receive input from residents, property owners, businesses and members of those organizations. Section 4. This Resolution shall take ,effect Immediately upon its adoption by the City Council, and the Clerk of the Council shall attest to and certify the vote adopting this Resolution. . '. 3 55C-59 0215104 Ies ADOPTED this - day of ,2004. Mig~el A. Pulido Mayor APP~OVED AS TO FORM: Joseph W. Fletcher, City Attomey By: Lisa E. Storck Assistant City Attomey AYES: Councilmembers: NOES: Councilmembers: ABSTAIN: Councllmembers: NOT PRESENT: Councilmembers: CERTIFICATE OF ATTESTATION AND ORIGINALITY I, PATRICIA E. HEALY, Clerk of the Council, do hereby attest to and certify the attached Resolution No. 2004-017 to be the original resolution adopted by the City Council of the City of Santa Ana on Date: Clerk of the Council City of Santa Ana 4 5SC-50 '-" "..----