031504 RESO Prelim Rprt Rec-File Plan Amend Merger SA Redvlp Proj

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Central City Redevelopment Project Central City Redevelopment Project was adopted on July 2, 1973, by Ordinance No. NS- 1173. The Central City Redevelopment Plan was first amended on June 2, 1975, by Ordinance No. NS -1258 to restate the plan and amend certain provisions, including adding territory to the existing project area, simplifying land use standards, and establishing a plan effectiveness limit of 30 years (later extended to 40 years). The second amendment adopted by Ordinance No. NS -1877 on December 1, 1986, in accordance with SB 690 established a tax increment limit ($3,000,000,000), established a time limit on incurring debt (July 2, 2008) and established a limit on initiating eminent domain proceedings by 12 years (December 1, 1986). The third amendment adopted by Ordinance No. NS -2234 on October 3, 1994 amended the plan to reduce the time limit on incurring debt (January 1, 2004) and establishes a limit for the receipt of tax increment/repayment of debt (July 2, 2018). The fourth amendment adopted on May 6, 1996 by Ordinance No. NS -2290 extended the Agency's eminent domain authority within the project area by 12 years until May 6, 2008. The fifth amendment to the redevelopment plan adopted by Ordinance No. NS -2396 on August 2, 1999, extended plan effectiveness limit by ten years (July 2, 2013) and the limit on receipt of tax increment /repayment of debt by five years (July 2, 2023) to the maximum permitted by Assembly Bill 1290 ( "AB 1290 ") as permitted by Assembly Bill 1342 ( "AB 1342 "). The proposed Merger amendment will be the sixth amendment to the Central City Redevelopment Plan. Inter —City Commuter Station Redevelopment Project The Inter -City Commuter Station Redevelopment Project was adopted on July 6, 1982 by Ordinance No. NS -1636. On October 3, 1994, in accordance with AB 1290, the Inter - City Commuter Station Redevelopment Plan was first amended by Ordinance No. NS- 2234 to establish certain time limits including a time limit on incurring debt of January 1, 2004; a time limit on plan effectiveness of July 6, 2012 and limit on receipt of tax increment /repayment of debt of July 6, 2022. [The same limits were established for South Main, South Harbor and North Harbor Redevelopment Plans]. The second amendment adopted on May 6, 1996 by Ordinance No. NS -2289 extended the Agency's eminent domain authority within the project area by 12 years until May 6, 2008. On August 2, 1999, the third amendment adopted by Ordinance No. NS -2396 extended the time limit on plan effectiveness by 10 years to July 6, 2022 and the limit on receipt of tax increment by 10 years to July 6, 2032 to coincide with the maximum time limits prescribed by AB 1290 as amended by a summary ordinance in accordance with AB 1342. The proposed Merger will be the fourth amendment to the Inter -City Commuter Station Redevelopment Plan. Preliminary Report for the Merger of the EXIUBIT L Keyser Marston Associates, Inc. Santa Ana Redevelopment Projects Page 5 PA0402006.SNTA:CK:0bd 19090,003.003/02127 /04