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ORDINANCE NO. NS-2641 <br /> <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY <br />OF SANTA ANA AMENDING THE NORTH HARBOR, <br />SOUTH HARBOR, AND SOUTH MAIN REDEVELOPMENT <br />PLANS OF THE CITY OF SANTA ANA TO EXTEND THE <br />TIME LIMIT IN EACH PLAN FOR THE INCURRENCE OF <br />DEBT TO COINCIDE WITH THE EFFECTIVENESS OF <br />SAID PLANS <br /> <br />12~24~03 LES <br /> <br />THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES ORDAIN AS FOLLOWS: <br /> <br /> SECTION 1: The City Council of the City of Santa Ana hereby, finds, determines <br />and declares as follows: <br /> <br /> A. California Health & Safety Code Section 33333.6(a) & (b), part of the <br />Community Redevelopment Law, was amended by Assembly Bill 1290 in 1993 to <br />impose time limits on incurring debt, receipt of tax increment and effectiveness of <br />the plan. The outside time limit for incurring debt under AB 1290 for plans <br />adopted prior to 1994 was the later of 20 years after plan adoption or January 1, <br />2004. <br /> <br /> B. Senate Bill 211 (effective January 2002) permits the amendment of a <br />pre-1994 plan to completely delete the debt incurrence deadline, with the result <br />that an agency can incur debt under such a plan up to the deadline for the <br />effectiveness of the plan. <br /> <br /> C. The City of Santa Ana wishes to utilize the procedure set forth in <br />California Health and Safety Code section 33333.6(e)(2) to extend the date that <br />debt can be incurred in three of its six redevelopment plans so that the <br />Redevelopment Agency can incur new debt until the end of the active life of the <br />each of these three project areas so that the Agency can continue to meet its <br />long term goals and objectives. <br /> <br /> D. The City of Santa Ana is cognizant that under Health and Safety Code <br />section 33607.7, by adopting this ordinance amending the redevelopment plans <br />in order to eliminate the debt incurrence time limit, the Redevelopment Agency <br />will be required to pay the statutory pass-through payments to each affected <br />taxing entity with which the Agency does not already have a pre-1994 pass- <br />through agreement. <br /> <br />SECTION 2: As used in this Ordinance, the following definitions shall apply: <br /> <br />Ordinance No. NS-2641 <br /> Page 1 of 4 <br /> <br /> <br />