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<br />5/24/07 LES <br /> <br />ORDINANCE NO. NS-2751 <br /> <br />AN ORDINANCE OF THE CITY COUNCil OF THE CITY <br />OF SANTA ANA AMENDING THE MERGED <br />REDEVELOPMENT PLANS TO EXTEND CERTAIN TIME <br />LIMITS AND MAKING CERTAIN REQUIRED FINDINGS <br /> <br />THE CITY COUNCil OF THE CITY OF SANTA ANA DOES ORDAIN AS <br />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. As a result of Senate Bill 1096 (SB 1096) implementing the California State <br />Budget for fiscal year 2004-2005, the Community Redevelopment Agency ("Agency") <br />was required to make a $3,330,894.37 payment to the County Educational Revenue <br />Augmentation Fund ("ERAF") by May 1 0,2006. <br /> <br />B. The legislation also included a provision that allows the legislative body to <br />adopt an ordinance to amend the redevelopment plan extending the time limit on the <br />use of tax increment to repay indebtedness and extend the plan effectiveness by one <br />year for a redevelopment agency making an ERAF payment. <br /> <br />C. For Redevelopment Plans with 10 to 20 years remaining, the legislation <br />requires that the legislative body find that the Agency is in compliance with the major <br />housing requirements. These include the requirement to deposit 20% of the gross tax <br />increment into the housing set-aside fund, the adoption of a housing implementation <br />plan, compliance with housing replacement and inclusionary obligations, and <br />certification that no excess surplus exists. Plans with 20 years or more remaining <br />cannot be extended. <br /> <br />D. The City of Santa Ana has a merged redevelopment project area consisting of <br />Central City, Inter-City, North Harbor, South Harbor, South Main and Bristol Corridor. <br /> <br />Section 2. The following time limits are proposed for amendment: <br /> <br /> <br />TIME L.IMIT ON " TIMEUMIT . ON <br />LAN ' PI-AN . <br />....... t:ECTIVI:NI:S~ . ~F:FEc;TI\lI:Nf:SS <br />C,URRENT PAr.E;) "(~RgeO,Sl:p , <br />DATI:) <br />Central Cit Jul 2,2016 <br />Inter-Cit Jul 6, 2025 <br />North Harbor Jul 6, 2025 <br />South Harbor Jul 6, 2025 <br />South Main Jul 6, 2025 <br />*Bristol December 4, 2030 December 4, 2030 <br />*Not eligible for one year extension under SB1 096. <br /> <br />TIME: LIMI <br />Re;CI;IPTO <br />INQRI;N1I;NT <br />. (C)JRRENT <br />DATE) <br />Jul 2, 2025 <br />Jul 6, 2034 <br />Jul 6, 2034 <br />Jul 6, 2034 <br />Jul 6,2034 <br />December 4, 2040 <br /> <br /> <br />TIME ,LIMIT <br />"~E:Gr;lpTQFi <br />;INCRE~~PjI"; <br />. (PROPOSED <br />DATE) " <br />Jul 2, 2026 <br />Jul 6,2035 <br />Jul 6,2035 <br />Jul 6,2035 <br />Jul 6, 2035 <br />December 4, 2040 <br /> <br /> <br />Ordinance No. NS-2751 <br />Page 1 of 2 <br /> <br />