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, CITY OF RIVERSIDE REDEVELOPMENT AGENCY MEMORANDUM Honorable Mayor & Agency Members Date: March 20, 200 I Item No.: 3 Subject: Set Public Hearings ou the proposed Housing Implementation Piau for the Downtown/Airport Merged Project, the University Corridor/Sycamore Canyon Merged Project, the Casa Blanca Project; the Arlington Project, and the Magnolia Center Project. Background Legislation enacted in 1993 (Section 33490 ofthe Health and Safety Code) requires that, commencing with the 1994 calendar year, the Agency adopt an Implementation Plan for each active Project Area every five years, The Implementation Plan is required to be adopted after a duly noticed public hearing and to contain descriptions of: I) the specific goals and objectives of the agency; 2) the specific projects, including a program of actions and expenditures within the next five years of the plan; and 3) how these projects will alleviate blight. In accordance with this requirement, the Agency adopted its first implementation plans after public hearings on December 16, 1994, The Agency is also required to include a more detailed Housing Implementation Plan for its redevelopment- related housing programs ("Housing Implementation Plan"), The Law allows the Housing Implementation Plan to be adopted in conjunction with the Housing Element of the City's General Plan and the Agency has chosen to combine all the Redevelopment Project Areas into one document. Much of the research and data required for the Housing Implementation Plan is also required to be compiled/analyzed for the Housing Element, The update to the Housing Element for the City of Riverside was completed in January 2001. The Housing Implementation Plan has been reviewed with each of the remaining Project Area Committees and is ready for consideration and adoption by the Agency, Current Issue A separate public hearing is suggested for each Project Area to enable property owners, residents, and businesses in each Project Area an opportunity to comment on the proposed Housing Implementation Plan, It is requested that the time, date, and place of the initial public hearings on the proposed Housing Implementation Plan be set for 8:00 a,m, on April 17,2001 for the University Corridor/Sycamore Canyon Merged Project, with the remaining public hearings following immediately thereafter. Notice of the public hearings will be published in the Press Enterprise for three consecutive weeks concluding 10 days prior to the hearing, as required by Law, In addition, the notice will be posted at several locations within each Project Area for a period of not less than 3 weeks, Fiscal 1m pact The only financial impact to the Agency as a result of these actions is the minimal cost associated with the advertisement of the public hearings, Alternatives The adoption of the Housing Implementation Plan and the noticed p~blic h~aring is required to occur prior to June 30, 2001, The Agency's alternative would be to delay the heanng until Mayor June 2001, 3-1