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HomeMy WebLinkAbout15 FIVE-YR PLAN MCAS TUSTIN 06-19-06AGENDA REPORT MEETING DATE: JUNE 19,2006 TO: WILLIAM HUSTON, CITY MANAGER FROM: REDEVELOPMENT AGENCY SUBJECT: REDEVELOPMENT AGENCY'S MID-TERM REVIEW ON THE INITIAL FIVE YEAR IMPlEMENTTION PLAN FOR THE MCAS TUSTIN REDEVELOPMENT PROJECT SUMMARY California Health & Safety Code Section 33000 et. seq. (California Redevelopment law, the "CRl")) requires the Redevelopment Agency to conduct a public hearing at least once during the five-year term of the Agency's Five-Year Implementation Plan to review the Agency's progress in meeting its defined goals and objectives. A copy of the Mid- term report is being transmitted to the City Council. RECOMMENDATION It is recommended that the City Council receive and file a copy of the Agency's Mid- term Report on the Initial Five Year Implementation Plan for the MCAS Tustin Redevelopment Project: FISCAL IMPACT No fiscal impact. BACKGROUND/DISCUSSION In April 2003, the Agency received and approved the Report to the City Council for the MCAS Tustin Redevelopment Plan, which included an initial Five-Year Implementation Plan for the Project Area for fiscal years 2003-2004 through 2007-2008, In June, 2003 the City of Tustin and Tustin Community Redevelopment Agency adopted the MCAS Redevelopment Plan. As part of the adoption process, the City Council approved the Report to City Council including the initial Implementation Plan. The Implementation Plan addressed general non-housing redevelopment activities and a five-year plan for housing activities. In accordance with State law the initial Implementation Plan set forth the Agency's specific goals objectives for the Project Area, the Agency's strategy to achieve these goals, and anticipated projects and expenditures. It also included a description of how goals, objectives and anticipated project expenditure would eliminate blight. The Implementation Plan also described the statutory requirements for the housing set-aside fund and anticipated expenditures of these funds. The intent of the Implementation Plan was not to restrict the Agency's activities and recognized that conditions, values, expectations, resources and needs may change over time. Rather, the Plan was intended to outline expectations of the Agency for the five year period (FY 2003-04 through FY 2007-08). The CRL requires that the Agency conduct a mid-term public hearing to review and hear public testimony from all interested parties at least once during the five-year period of the Five-Year Implementation Plan which has been scheduled on the Agency's agenda for June 19, 2006. A full copy of the Mid-Term Report on the Tustin Community Redevelopment Agency's progress on the initial Five-Year Implementation Plan for the MCAS Tustin Redevelopment Plan is attached to the Agency Agenda item on this matter. Staff will be available to answer any questions the City Council may have regarding the attached report. Attachments: Midterm Review and Public Hearing on Second Five Year Implementation Plan Attachment A: Initial Five-Year Implementation Plan (2003-2004 to 2007-2008) RDA Agenda Report 6.19.06 MCAS Midterm Report.doc