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SA-3 - RESO - REFUNDING BONDS
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10/02/2018
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SA-3 - RESO - REFUNDING BONDS
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Last modified
9/27/2018 2:45:16 PM
Creation date
9/27/2018 2:32:05 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
SA-3
Date
10/2/2018
Destruction Year
2023
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Inter -City Commuter Station Redevelopment Project. The redevelopment plan for the Inter -City <br />Commuter Station Redevelopment Project (the "Inter -City Commuter Station Redevelopment Plan") was <br />adopted by the City Council on July 6, 1982 by Ordinance No. NS -1636. The Inter -City Commuter Station <br />Redevelopment Project is comprised of 536 acres located in the east -central portion of the city, bounded <br />generally by 17th Street on the north, Chestnut Street on the south, Poinsettia Street on the west, and Grand <br />Avenue and the 5 Freeway on the east. Major roadways traversing the Inter -City Commuter Station <br />Redevelopment Project include the 5 Freeway, Grand Avenue, 1st Street and 4th Street. The focal point of the <br />Inter -City Commuter Station Redevelopment Project is the Santa Ana Regional Transportation Center, which <br />the Former Agency participated in developing. The Inter -City Commuter Station Redevelopment Project is <br />comprised principally of older industrial uses, with commercial uses at the intersection of 17th Street and Grand <br />Avenue and scattered residential uses. <br />North Harbor Boulevard Redevelopment Project. The redevelopment plan for the North Harbor <br />Boulevard Redevelopment Project (the "North Harbor Boulevard Redevelopment Plan") was approved and <br />adopted by the City Council on July 6, 1982 by Ordinance No. NS4637. The North Harbor Boulevard <br />Redevelopment Project is comprised of approximately 428 acres of land, generally located along Harbor <br />Boulevard from Westminster Avenue to Kent Avenue and along 5th Street, 1st Street and McFadden Avenue <br />from Harbor Boulevard to the Santa Ana River. The North Harbor Boulevard Redevelopment Project is <br />substantially developed and includes a mix of older residential and strip commercial uses fronting on Harbor <br />Boulevard with newer commercial uses developed near 1 st Street and 5th Street. <br />South Harbor Boulevard/Fairview Street Redevelopment Project. The redevelopment plan for the <br />South Harbor Boulevard/Fairview Street Redevelopment Project (the "South Harbor Boulevard/Fairview Street <br />Redevelopment Plan") was approved and adopted by the City Council on July 6, 1982 by Ordinance No. NS - <br />1638. The South Harbor Boulevard/Fairview Street Redevelopment Project consists of approximately 1,050 <br />acres located principally in the southwest quadrant of the city, primarily along Harbor Boulevard from Warner <br />Avenue to MacArthur Boulevard and along the west side of Fairview Street from Edinger Avenue to Sunflower <br />Avenue. This Component Area is substantially developed and is comprised principally of light industrial and <br />commercial land uses. <br />South Main Street Redevelopment Protect. The redevelopment plan for the South Main Street <br />Redevelopment Project (the "South Main Street Redevelopment Plan") was approved and adopted by the City <br />Council on July 6, 1982 by Ordinance No. NS -1639. The South Main Street Redevelopment Project consists of <br />approximately 1,500 acres and is located along Main Street from 1st Street to Sunflower Avenue and the area <br />west of the 55 Freeway along McFadden Avenue, Edinger Avenue, Warner Avenue, Dyer Road and MacArthur <br />Boulevard. The South Main Street Redevelopment Project is substantially developed, consisting principally of <br />older strip commercial uses interspersed with residential units radiating out from the downtown along Main <br />Street, and newer manufacturing and light industrial uses along the southeastern boundary of the City. <br />Bristol Corridor Redevelopment Project. The redevelopment plan for the Bristol Corridor <br />Redevelopment Project (the "Bristol Corridor Redevelopment Plan") was adopted on December 4, 1989 by <br />Ordinance No. NS -2039. The Bristol Corridor Redevelopment Project contains approximately 781 acres of land <br />and is primarily located along Bristol Street from 17th Street to Central Avenue and in the area east of Fairview <br />Street along 1st Street and 17th Street. The Bristol Corridor Redevelopment Project is substantially developed, <br />primarily with older strip commercial uses and some residential uses. <br />Tax Sharing Agreements <br />Pursuant to prior Section 33401(b) of the Redevelopment Law, a redevelopment agency was authorized <br />to enter into an agreement to pay Tax Revenues to any Taxing Agency that has territory located within a Project <br />Area to alleviate any financial burden or detriment caused by the Project Area. These agreements are commonly <br />referred to as "tax sharing agreements" or "pass-through agreements." <br />31 <br />SA -3-45 <br />
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