HomeMy WebLinkAbout030308 PH Mid Term Rev Amend 05-06 and 09-10 Five Yr PlanREQUEST FOR
AGENCY ACTION
AGENCY BOARD MEETING DATE:
MARCH 3, 2008
TITLE:
PUBLIC HEARING -
MID- TERM REVIEW AND AMENDMENT OF
THE 2005/2006 - 2009/2010 FIVE -
YEAR IMPLEMENTATION PLAN
EXEC4TIVE DIRECTOR
RECOMMENDED ACTION
AGENCY SECRETARY USE ONLY:
rnohonl ; At &fez
APPROVED
CONTINUED TO
FILE NUMBER
1. Receive public comment on the Community Redevelopment Agency's Five -
Year Implementation Plan.
2. Supplement the Implementation Plan to incorporate the time limits
required by SB437.
DISCUSSION
In 1993, the State Legislature adopted AB 1290, which includes a
provision mandating that all redevelopment agencies adopt a five -year
implementation plan. The law also requires that each agency hold a
public hearing no earlier than two years and not later than three years
after the adoption of the Implementation Plan to review the redevelopment
plan and corresponding implementation plan. The Agency has separate
redevelopment plans for each of the six redevelopment project areas which
were merged for financial purposes. As permitted by the California
Community Redevelopment Law, the Agency has one combined Implementation
Plan for the Merged Project Area. The Agency approved the current
2005/2006 through 2009/2010 Five -Year Implementation Plan in May 2005.
The following elements are included in the Plan:
• Specific goals and objectives for the Merged Project Area.
• Specific programs, including potential projects, with estimated
expenditures over the five -year period.
3 -1
As Recommended 1-6
As Amended
❑
Ordinance on 1s` Reading
❑
Ordinance on 2nd Reading
❑
Implementing Resolution
❑
Set Public Hearing For
CONTINUED TO
FILE NUMBER
1. Receive public comment on the Community Redevelopment Agency's Five -
Year Implementation Plan.
2. Supplement the Implementation Plan to incorporate the time limits
required by SB437.
DISCUSSION
In 1993, the State Legislature adopted AB 1290, which includes a
provision mandating that all redevelopment agencies adopt a five -year
implementation plan. The law also requires that each agency hold a
public hearing no earlier than two years and not later than three years
after the adoption of the Implementation Plan to review the redevelopment
plan and corresponding implementation plan. The Agency has separate
redevelopment plans for each of the six redevelopment project areas which
were merged for financial purposes. As permitted by the California
Community Redevelopment Law, the Agency has one combined Implementation
Plan for the Merged Project Area. The Agency approved the current
2005/2006 through 2009/2010 Five -Year Implementation Plan in May 2005.
The following elements are included in the Plan:
• Specific goals and objectives for the Merged Project Area.
• Specific programs, including potential projects, with estimated
expenditures over the five -year period.
3 -1
P. H. Mid -Term Review and Amendment
of Five -Year Implementation Plan
March 3, 2008
Page 2
• An explanation of how the goals, objectives, programs and associated
expenditures will contribute to the alleviation of blight within the
Merged Project Area.
• An explanation of how the Agency will implement the requirements to:
1. Increase, improve and preserve low and moderate - income housing
with the Low and Moderate - Income Housing Fund.
2. Meet inclusionary housing production and proportionality
spending obligations.
3. Meet replacement housing obligations, if applicable.
Some of the Community Redevelopment Agency accomplishments for the period
of July 2006 through December 2007 include the following:
• Promoted the growth of arts and culture in the museum district with
the expansion of the Bowers Museum.
• Facilitated completion of the construction of Phase I and Phase II
of the Santiago Street Lofts live -work project.
• Facilitated the expansion of dealerships and commenced construction
of landscape and signage improvements at the auto mall.
• Completed South Main street improvements including the Historic
Archway sign.
• Implemented the Facade Improvement Program for the South Main
Corridor.
• Initiated downtown public improvements.
• Facilitated capital improvements to the Santa Ana Regional
Transportation Center.
• Acquired and rehabilitated 24 units on 6th Street for low and very
low- income households.
• Acquired and rehabilitated 54 units on Ross and Durant for low and
very low- income households.
3 -2
P. H. Mid -Term Review and Amendment
of Five -Year Implementation Plan
March 3, 2008
Page 3
• Proposed and had approved the Wilshire Minnie 146 unit affordable
housing complex.
The Redevelopment Agency will continue administering existing contractual
obligations and budgeted projects and debt repayment. During the five -
year plan period, the estimated expenditure will continue to be $139
million. The Agency will also continue to spend the Housing set aside
Fund in accordance with the Law requirements and existing agreements.
During the five -year plan period, the estimated expenditure will continue
to be $66 million from the Housing fund.
Additionally, in 2007, the State Legislature adopted SB437, which
included a provision requiring all redevelopment agencies to incorporate
specific information regarding time limits into the Implementation Plan.
The legislation requires the list of the following time limits:
1. The time limit for the commencement for eminent domain
proceedings to acquire property within the project area.
2. The time limit for the establishment of loans, advances, and
indebtedness to finance the redevelopment project.
3. The time limit for the effectiveness of the redevelopment plan.
4. The time limit to repay indebtedness with the proceeds of
property taxes.
In compliance with this new legislation, the redevelopment time limits
are provided in a table (Exhibit 1) included with this staff report to be
attached as Appendix A to the Implementation Plan.
Pursuant to Redevelopment Law, notice of the Public Hearing was posted on
February 1, 2008, in 24 public locations throughout the Merged Project
Area. Also, public notices were published in the Orange County Register,
the La Opinion, and in the Nguoi Viet on February 3, 10, and 17, 2008.
FISCAL IMPACT
There is no fiscal impact associated with this action.
Nancy 'Edwards
Assist t Director
Community Development Agency
SGH /NTE /mlr
H: \ACTION ITEMS \CRA \2006 CRA \030308 P.H. MidTerm Imp Plan Udated Staff Report Redline (2).doc
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