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090704 Jt PH Adotpion Amend Merger SA Redvlp Proj Areas EXHIBIT 2
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09/07/04
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090704 Jt PH Adotpion Amend Merger SA Redvlp Proj Areas EXHIBIT 2
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would be the Fifth Amendment to the South Main <br />Redevelopment Plan. <br />The Bristol Corridor Redevelopment Project was adopted by <br />the City on December 4, 1989. The Bristol Corridor <br />Redevelopment Project Area encompasses approximately 781 <br />acres and is primarily located along Bristol Street from <br />17th Street to Central Avenue and the area east of Fairview <br />Street along 17th Street and lot Street. The project area <br />consists primarily of older strip commercial uses. The <br />proposed Merger would be the Fourth Amendment to the <br />Bristol Corridor Redevelopment Project. <br />PROJECT DESCRIPTION <br />The proposed Merger is a technical amendment that would <br />allow the City's Community Redevelopment Agency (the <br />"Agency ") to more efficiently administer its redevelopment <br />program. The proposed Merger would allow the Agency to <br />combine tax increment revenues from the existing <br />Redevelopment Project Areas to fund redevelopment <br />activities anywhere in the Merged Project Area. <br />The Agency is not proposing to change the projects and <br />programs identified in the current Implementation Plan. The <br />Agency's proposed activities would continue to be same <br />activities identified in the current five -year <br />Implementation Plan. Additionally, the Agency would — <br />continue to implement its affordable housing program, which <br />exceeds the CRL requirement for expenditure of 20% of the <br />gross tax increment on affordable housing. The proposed <br />Merger would not allow the Agency to collect any additional <br />tax increment beyond the current limits identified in the <br />six existing Redevelopment Plans or change any other <br />provisions of the Redevelopment Plans. <br />RESPONSES TO ENVIRONMENTAL CHECKLIST <br />The following is an analysis of potential environmental <br />impacts associated with the approval of the proposed <br />Merger, based upon the City of Santa Ana's Environmental <br />Check List. The analysis focuses on potential impacts <br />-w° directly associated with approval of the proposed Merger = <br />and defers impacts associated with future redevelopment <br />activities within the Merged Project Area to subsequent <br />City reviews. Based on the significance of the impacts <br />associated with the future redevelopment activities, the <br />3 Page 147 of 190 <br />
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