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HomeMy WebLinkAboutRDA Reso 1997-1553 RESOLUTION NO. 1553 RESOLUTION OF THE REDEVELOPMENT AGE ~CY OF THE CITY OF CHULA VISTA APPROVING THE MID-TERM RE PORT FOR THE FIVE- YEAR IMPLEMENTATION PLAN FOR TI~E SOUTHWEST REDEVELOPMENT PROJECT AREA PURSUAN' ' TO SECTION 33490 OF THE COMMUNITY REDEVELOPMENT LAI WHEREAS, Section 33490 of the Communi Redevelopment Law (Health and Safety Code Section 33000, et seq.) requires that, on or be [ore December 31, 1994, and each five years thereafter, each Redevelopment Agency that has ~ dopted a Redevelopment Plan prior to December 31, 1993, shall adopt, after a public hearing, an Implementation Plan (the "Plan") including the Housing Implementation Plan that shall contair specific foals and objectives of the Agency for the Project Area, the programs, projects, and exp( nditures proposed to be made during the next five years, and an explanation of how the goals and iectives, projects, and expenditures will eliminate blight within the Project Area; and WHEREAS, Section 33490 of the Community development Law also requires that each Redevelopment Agency, at least once within the five-y ;ar term of the Plan, shall conduct a public hearing and hear testimony of all interested par~ie,~ for the purpose of reviewing the Redevelopment and Implementation Plans for each Redevel¢ pment Project within its jurisdiction and evaluating the progress of the Redevelopment Project; ,nd WHEREAS, the Redevelopment Agency of t~" ~ City of Chula Vista (the "Agency") approved a five-year Implementation Plan including the H,~using Implementation Plan for the Southwesgt Redevelopment Project Area on December 13, 1994; and WHEREAS, A Mid-Term Report on progress r lade on the Implementation Plan for the Southwest Redevelopment Project has been prepared an¢ submitted to the Agency for review and consideration; and WHEREAS, the Agency noticed, for three cc nsecutive weeks in a newspaper of public circulation as well as posted a Notice of Public Hearin ~ at four permanent locations within the Southwest Redevelopment Project Area for a period of 30 days prior to the public hearing pursuant to Section 6063 of the Government Code and I~eld a public hearing to take public comments and consider the Redevelopment and implementation Plans for the Southwest Redevelopment Project on August 19, 1997; and ~ / WHEREAS, Review of the Redevelopment ~nd Implementation Plans does not constitute approval of a project under the California Environmental Quality Act (CEQA) and therefor is exempt from environmental review requirements i~ accordance with Section 15061 (b) (1) of the State CEQA Guidelines; and WHEREAS, review and approval of progn,ss under the Redevelopment and Implementation Plans does not obligate the Agency to includ .~ specific projects or expenditures in annual budgets, and does not change the need for any ~quired approval including planning entitlement or environmental review. Resolution 1553 Page 2 NOW, THEREFORE, BE IT RESOLVED the Redevelopment Agency of the City of Chula Vista does hereby find, order, determine and resolve: Section 1. The Mid Term Report on the Five-Year Implementation Plan for the Southwest Redevelopment Project, attached hereto as though fully set forth herein, is hereby accepted and approved. Section 2. Staff is hereby authorized to continue to carry out the programs and projects described in the Implementation Plan for the duration of the term unless the Plan is amended before its expiration date in accordance with Community Redevelopment Law. Section 3. The review and approval of the Mid Term Report and continuation of the Implementation Plan for the Southwest Redevelopment Project Area is not a project within the meaning of Section 21OOO of the Public Resources Code (CEQA) and the inclusion of programs, projects and expenditures within the Implementation Plan does not obligate the Agency to include such expenditures in an annual budget and does not eliminate the need for specific projects to obtain the required development approvals including environmental analysis and planning entitlement. Presented by Approved as to form by Chris Salomone Jo~f~,[~Jo ' . Kaheny ~ Director of Community Development ~ge~'cy Attorney Resolution 1553 Page 3 PASSED, APPROVED and ADOPTED BY THE REDEVELOI:'MENT AGENCY OF THE CITY OF CHULA VISTA, CALIFORNIA this 19th day of August, 1997 , the following vote: AYES: Members Rindone, Salas, Ho;ton, Mo Padilla NOES: None ABSENT: None ABSTENTIONS: None Shirley Chairma~ ATTEST: ~ ~ Chris Salomone Executive Secretary STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss: CITY OF CHULA VISTA ) I, Chris Salomone, Executive Secretary to the Redevelopmer Agency of the City of Chula Vista, California DO HEREBY CERTIFY that the foregoing is a full, rue and correct copy of Resolution No. 1553 and that the same has not been amended or repe;~led. Dated: August 20, 1997 ~-'-~~..~ Chris Sa omone Executiv, Secretary FIVE YEAR IMPLEMENTATIOI~ PLAN SOUTHWEST REDEVELOPMENT PR~)JECT AREA I. INTRODUCTION AND BACKGROUND A. Introduction The Five Year implementation Plan for the Southwest Rec evelopment Project Area has been prepared to meet the requirements of California Health and Safety Code Section 33490. This statute requires Agencies to prepare and adopt "implemef ~tation plans" every five years that contain, among other things, the following: A. Goals and objectives B. Planned projects and expenditures C. Explanation of nexus between Agency activities an~l the elimination of blight D. Explanation of nexus between Agency activities and meeting State housing requirements / The implementation plan is intended to be a flexible I~olicy document to guide Agency activities over the next five years (1995 through 1999),and is not intended to represent a limitation on Agency activities. The programs/projects ir cluded in the implementation Plan are those priority programs anticipated to be implemented (luring the next five years, however, they are not all of the programs/projects necessary to eli ninate blight in the project area. B. Background The Southwest Redevelopment Project Area is located in he southwestern corner of the City and comprises approximately 1,050 acres of commercia and industrial properties generally located along the south Interstate 5 (I-5), Broadway Aver,ue, south Third Avenue, and Main Street corridors. The Southwest Project Area ("Project Area") was adopted in November 1990, by City Council Ordinance # 2420 ("Ordinance"). T he Redevelopment Plan ("Plan") for the Project Area is based upon the Preliminary Plan formul~ ted and adopted by the Chula Vista Planning Commission on May 23, 1990, and by the Chula Vista Redevelopment Agency on June 14, 1990. The Project Area was created in order :o 1) eliminate conditions of blight which negatively impact industrial and commercial dew~lopment and 2) to implement the Montgomery Specific Plan ("MSP"). 1. Plan Limits Financial limitations have been established as follo~/s: a. Annual tax increment revenue limit of $15.0 m Ilion adjusted annually pursuant to the Consumer Price Index (CPI) for San Diego County. This annual revenue limit excludes 1 ) payments to taxing agencies to all( viate financial burden made by the Agency pursuant to Section 33401 of the Rede ~elopment Law and Section 510 of the Plan, and 2) any funds required by Section ~. 3334.2 of the Redevelopment Law and Section 534 of this Plan to be deposited by the Agency in a Low and Moderate Income Housing Fund. The current 1994 annual tax increment limit is $16.3 million. b. Bonded indebtedness limit of $150.0 million, acjusted annually pursuant to the CPI for San Diego County, that the Agency may ha~e outstanding at any one time. The current 1994 bonded indebtedness limit is t~ 1 (~ 3.3 million. Southwest Redevelopment Project Area Page 2 Five Year Implementation Plan Time limitations on the effectiveness of the Redevelopment Plan were originally established as follows: c. Thirty (30) years, or to 2020, to incur debt. d. Forty (40) years, or to 2030, for duration of plan. e. No limitation on the receipt of tax increment revenue. Subsequent to the adoption of the Plan, mandatory plan authority time limits were established by the adoption of "AB 1290" [HSC Section 33333.6 (a)] by the California State Legislature. As a result, the Plan required: 1) an amendment to reduce the time limitation to incur debt from 30 years to 20 years ("c" above) and 2) an amendment to establish a fifty (50) year limitation, to 2040, for the receipt of tax increment revenue ("e" above). These amendments to the Plan were adopted by City Council ordinance on November 2, 1994. Eminent domain authority limits were established as follows: f. Except with the consent of the owner, residential dwelling units shall not be acquired through the use of eminent domain when the dwelling units are being used for such purposes within land use designations or zoning classifications designated for such purposes under the adopted Specific and General Plans of the City of Chula Vista, or as hereinafter are amended. g. As otherwise may be provided by law, no eminent domain proceeding to acquire property with the Project shall be commenced after twelve (12) years following the adoption of the ordinance approving and adopting the Plan. This time limitation may be extended by amendment of the Plan. 2. MontRomery Specific Plan Goals The Project Area encompasses a significant port[on of the non-residential portion of the "Montgomery" community which was annexed from the County of San Diego in the December, 1985. Prior to incorporation, this area had been subject to years of governmental neglect and lower development standards than nearby properties located within the Chula Vista city limits. This was primarily due to the practice of the County General Plan to be administered from a "regional" perspective in lieu of a more local and specific "community" perspective. Throughout 1988, "parts" of the MSP were adopted by the City Council in order to help facilitate the transition from San Diego County authority to the City of Chula vista authority. Prior to the adoption of the MSP, (and to a much lesser degree after adoption), implementation of the City's General Plan has primarily consisted of administration of the City's County Zoning Plan, subdivision ordinances and general development design criteria. The Project Area was established to, among many other things, implement the MSP. The MSP was is obviously more detailed than the General Plan, but also included several significant "Study Areas" which require additional planning in the future. The planning of these "Study Areas" ("Faivre Street" and "West Fairfield") represent a project goal over the next five years. By virtue of the interrelated nature of the MSP and the Redevelopment Plan, the proposed goals, objectives, programs and projects will help further the goals of the MSP. Southwest Redevelopment Project Area Page 3 Five Year Implementation Plan II. BLIGHTING CONDITIONS A. Pre-Plan Conditions As provided in the Ordinance and the MSP, the conditions of blight include but are not limited to the following: 1. Inadequate public improvements, public facilities open spaces, storm water drainage facilities, and utilities. 2. Subdivision and sale of lots of irregular form an shape. Many of the lots are of an inadequate size and lack sufficient access there' or off-street parking therefore to permit proper usefulness and marketability. 3. Lack of adequate community facilities. 4. Deteriorated or dilapidated commercial, industri , and residential buildings. 5. Mixed commercial and residential land-uses wl~ich are defective in design and/or physical character. 6. Visual blight characterized by, among other thinc, s, an abundance of outdoor storage and open yard/compound uses, junk yards and other marginal type businesses. 7. Insufficient or incomplete local planning chara(terized by several "Special Study" areas that have not been converted from Ccanty to City land-use and zoning designations. B. Progress Made to Eliminate Conditions Since the Project Area has only been in existence sinc~ December 1990, it's difficult to quantify the progress made since that time (4 years) to ,.liminate blighting influences. This is not to suggest however, that the Agency has not been active in the first three years of the project. The following provides a general list of Agency activities since January 1991: 1. Successful completion of Phase i of the "Paid.mar Trolley Center" commercial redevelopment project which included the followin actions: a. Execution of an "Expanded Plan Agreement," then "Semi-Exclusive Negotiation Agreement," and then a "Disposition and Der( Iopment Agreement". b. General Plan Amendment and Rezone for po lions of the property to allow for commercial development. c. Funded the Environmental Impact Report for tl~e project. Southwest Redevelopment Project Area Page 4 Five Year Implementation Plan d. Appraised alt properties and acquired five properties through eminent domain for disposition to developer and relocated displacees. e. Financially participated in excess costs of acquisition and off-site improvements and protected developer from market slide damages on acquired properties. The "Trolley Center" represented a significant positive Agency action to eliminate blighting influences in and around the project site such as: 1 ) incompatible land-uses, 2) un-marketable and development impeded properties, 3) inadequate roadway access and 4) under-utilized marginally productive land. 2. Successful acquisition and relocation of tWO automobile dealerships, (who were struggling financially in inferior facilities and destined to leave the City), to new locations in the Redevelopment Agency assisted Chula Vista Auto Park project in the Otay Valley Road Redevelopment Project Area. 3. Successful completion and execution of five (5) property tax sharing agreements with the following affected taxing districts; 1) County of San Diego, 2) Chula Vista Elementary School District, 3) Southwestern Community College District, 4) County Office of Education, and 5) Sweetwater Union High School District. 4. Secured the services, through a Request for Proposals (RFP) process, of a Redevelopment, Planning and Economic Consultant team to prepare an Economic Feasibility, Zoning and Land-Use Study for portions of the Project. The "Study Areas" include the Main Street and South Third Avenue corridors. The completion and adoption of the "Southwest Study" represents a project goal for the next five years. 5. Initiation of engineering design work for the "Main Street Widening Project". 6. Participated in the preliminary planning of the Otay Valley Regional Park, a portion of which is to interface and provide a southern boundary of the Project Area. C. Existing Blight Conditions As stated previously, the Plan has only been in existence for four (4) years (since December 1990) and therefore, although some positive actions have been taken by the Agency, the same types of blighting influences remain in the Project Area. Specifically, the same issues related to inadequate infrastructure, community facilities, non- marketable properties, deteriorated buildings, visual and economic blight still readily exist. As will be presented in Section IV, this Implementation Plan sets forth preliminary programs and projects that will have a positive effect on reducing the existing blighting influences and stopping the spread of additional blight in the Project Area. The first program/project listed, completion of an economic feasibility and zoning study will be the initial vehicle through which policy decisions will be made with respect to pursuing specific programs and projects. Southwest Redevelopment Project Area Page 5 Five Year Implementation Plan III. SPECIFIC GOALS AND OBJECTIVES FOR THE PRO, IECT AREA A, Redevelopment Goals and Objectives The Plan and Ordinance collectively identify the following edevelopment purposes and goals, among others: I. The development of property with coordinated la ~d use consistent with the goals, policies, objectives, standards, guidelines, and reqL irements as set forth in the City's adopted General Plan. 2. Elimination and prevention of the spread of blight, and to conserve, rehabilitate, and redevelop the project area in accordance with the Rec evelopment Plan and future Annual Work Programs. 3. Elimination of environmental deficiencies includin inadequate street improvements, utility systems, public services; and the potential ocial, physical, and environmental characteristics of blight. 4. Beautification activities to eliminate all forms of bli including but not limited to visual blight, in order to encourage community identity. 5. Improving the general economic climate and conditi~ through the stimulation of private sector investment in the full development of the Pr, ect Area. 6. When necessary, the acquisition, assemblage, and/, disposition of sites of usable and marketable sizes and shapes for commercial, indust 31, recreational, and public facility development. 7. Encouragement of tourism, including the developrr ent of high quality hotels, motels, restaurants and meeting facilities. 8. Provision for the enhancement and renovation of bL ;inesses within the Project Area to promote their economic viability. 9. Provision of needed improvements to the communi y's education, cultural, residential and other community facilities to better serve the roject Area. 10. Promotion of public improvement facilities w~ ch are sensitive to the unique environmental qualities of the Project Area. 1 1. Removal of impediments to land assembly and deve opment through acquisition and re- parcelization of land into reasonably sized and sha led parcels served by an improved street system and improved public facilities. Southwest Redevelopment Project Area Page 6 Five Year Implementation Plan 12. Alleviation of certain environmental deficiencies including substandard vehicular and pedestrian circulation systems, insufficient off-street parking and other similar public improvements. 13. Encouragement of cooperation and participation of property and business owners in the revitalization of the Project. Additionally, the Plan identifies the following proposed Agency redevelopment actions: 14. The acquisition, installation, construction, reconstruction, redesign, or reuse of streets, utilities, traffic control devices, flood control facilities and other public improvements. 15. The rehabilitation, remodeling, demolition or removal of buildings, structures and improvements. 16. Providing the opportunity for participation by owners and tenants and the extension of preferences to occupants desiring to remain or relocate within the redeveloped Project. 17. The development or redevelopment of land by private enterprise or public agencies for purposes and uses consistent with the objectives of the Plan. 18. The acquisition of real property by purchase, gift, devise or any other lawful means, or, where it is deemed necessary, by exercising the power of eminent domain as permitted by Section 503 of the Plan. 19. The combining of parcels, properties, site preparation, and construction of necessary off- site improvements. 20. Assisting in providing financing for the construction of commercial and industrial buildings to increase the property tax valuation of the Project. 21. The disposition of property including the lease or sale of land at the value determined by the Agency for reuse in accordance with the Plan. 22. The closure or vacation of certain streets and the dedication of other areas for public purposes. IV. REDEVELOPMENT PROGRAMS/PROJECTS AND EXPENDITURES - § YEAR PLAN A. Redevelopment Expenditures The preliminary list of Redevelopment programs and projects provided below represent a list of staff identified actions that, if implemented, will have a direct positive effect on the elimination of b~ighting influences in the Project. Inasmuch as the proposed programs need Southwest Redevelopment Project Area Page 7 Five Year Implementation Plan to be evaluated during the course of annual budgetary ap ~roval actions, the proposed expenditures have not been fully determined, and in mo ~t instances, will be a function of available redevelopment funding. The annual budget appr )val process will be the framework within which staff proposed programs will be evaluated a id "compete" for funding approval by the Redevelopment Agency Board. Therefore, the costs provided below are preliminary estima £es of general Agency "operations" costs such as staff time, outside consultants and attorne' rs, and small expenditures such as planning studies, financial feasibility studies, and environ~nental assessments etc. The cost estimates do not include anv funds that may be used to 'assist" or "participate" financially in the project, or funds that may be used to initiate the proposed "loan" programs. The funding for the "Main Street Widening" project (#4) is to b~ used from TRANSNET funds. The costs described are based upon anticipated tax incremenl :ash flow over the next five years net of debt service and administative costs. B. Redevelopment Programs and Projects 1. Complete and adopt the "Economic, Land Us and Zoning Study", and the recommendations thereof, for the South Third A ,~nue and Main Street corridors. Adoption of the study is to include a "short-term" and "long-term" economic development strategy. Projected Agency Cost: $ 80,000 implement select recommendations from the compl :ed Southwest Study as approved by the Agency Board and as is reasonably achievab given the financial constraints of the Project Area. The preliminary "Draft" recommE dations include the following: 2. Encourage redevelopment of the "Nelson/Sloan" and "Fenton" properties in coordination with Otay Valley Regional Park planning. Projected Agency Cost: $ 200,000 3. Evaluate the feasibility of providing financial participation to facilitate parcel consolidation involving properties generally along th~= north side of Main Street and along S. Third Avenue in order to facilitate the creation of ~ marketable properties and expanded development potential. Emphasis should be place on the encouragement of owner participation. Projected Agency Cost: $ 200,000 4. Establish a business retention/relocation program th I could be designed to facilitate the expansion and relocation, if necessary, of desirabl~ existing businesses that otherwise may be forced to leave the City in order to econon,ically afford a expansion. Projected Agency Cost: $ 100,000 Southwest Redevelopment Project Area Page 8 Five Year Implementation Plan 5. Establish an industrial/commercial property rehabilitation loan and/or grant program to provide financial incentives to improve the physical integrity and appearance of businesses in the Project Area. Projected Agency Cost: ~ 100,000 6. Initiate and complete, as is financially achievable, the final City planning designations (General Plan and Zoning) for the "West Fairfield" and "Faivre Street" Study Areas to complete the planning transition from County to City authority. Projected Agency Cost: $ 150,000 7. a. Complete the engineering design plans for the "Main Street Widening" project b. Concurrently, as applicable, aggressively pursue the right-of-way acquisition necessary to construct the road widening. Projected Agency Cost: $0 8. Redevelop the vacant South Bay Chevrolet and Fuller Ford sites on Broadway Avenue. (Auto dealerships have been relocated to the Chula Vista Auto Park in the Otay Valley Road Project Area). Projected Agency Cost: $ 200,000 9. Complete Phase II of the Palomar Trolley Center. Projected Agency Cost: $ 50,000 10. Encourage and help facilitate if necessary, the development of the vacant "Price Company" property located immediately west of the existing Price Club store at Broadway and Oxford. Projected Agency Cost: $ 50,000 11. Actively participate and encourage the planning, including planning the boundaries, of the portion of the Otay Valley Regional Park that interfaces with the Project Area to include active, multi-use recreational activity uses therein where feasible. Projected Agency Cost: $ 200,000 TOTAL PROJECTED COSTS: $1,330,000 V. HOW GOALS AND OBJECTIVES, PROGRAMS, PROJECTS AND EXPENDITURES WILL ELIMINATE BLIGHT Each of the above described programs and related expenditures will further the stated goals of the Plan to reduce existing blighting influences and prevent the continual spread of blight Southwest Redevelopment Project Area Page 9 Five Year implementation Plan in the Project Area. Table 1, following, is a matrix which dentifies how each of the eleven (1 1) general programs and projects positively effect each of the seven (7) general blighting conditions that currently exist in the Project Area. Table 1 Agency Programs Inadequate Non. Marketable Inadequate Deteriotated Incompatible Visual Blight Ir~i Infrastructure Properties Community Struct~es Mixed-Uses Planning Facilities / Complete X / X X Southwest Study Encourage X X X X X X X redevelopment of Fenton and NelsonlSioan properties Facditate paroel X X X ! X X consolidation along / Main St. & Third Ave. if feasible Establish business X X X expansion/retention X X Establish business X rehabilitation Complete local X X X X planning of Special x Study Areas Complete Eng. & X X Design - Main St. Widening ............................................... Pursue ROW X X X acquisition - Main Street Widening Redevelop Auto X X X Dealership sites Complete Phase II X X X X Palomar Trolley Center Encourage X X X development of Price Co. property Otay Valley X X X X X X Regional Park Planning Southwest Redevelopment Project Area Page 10 Five year Implementation Plan VI. GOALS AND OBJECTIVES - HOUSING California's Community Redevelopment Law requires that not [ess than 20% of all tax increment generated by the Project shall be used for the purpose of increasing or improving the community's supply of very Iow, Iow, and moderate income housing. The law requires that at least 15% of all new or rehabilitated dwelling units developed with housing assistance by entities other than the Agency in a Redevelopment Project Area be affordable to Iow and moderate income households, of which 40% must be for, and occupied by, very Iow income households. Additionally, affordable dwelling units shall remain affordable for the longest feasible time (usually 55 years) but no less than the period of land use controls established in the Project plan (40 years). Attached as Exhibit 1, is the required Housing Implementation Plan which addresses the key requirements of "AB 1290". The Housing Plan is comprehensive and incorporates relative housing programs and expenditures for each of the Agency's five proiect areas. As the Housing Plan indicates, that the City's housing programs and expenditures are comprehensive, aggressive and directly increase and improve the supply of Iow- and moderate-income housing units. A. Housing Goals and Objectives The Plan identifies the following housing goals, among others: 1. Encouragement of cooperation and participation of residents in the revitalization of the Project. 2. Establishment of a program which promotes the rehabilitation of the existing housing stock. 3. Provision of iow and moderate income housing as required to satisfy the needs of various age and income groups of the community, maximizing the opportunity for individual choice, and meeting the requirements of State law. 4. Encouragement of the establishment and maintenance of "balanced neighborhoods" characterized by a planned diversity in building sites, density, housing, and land use. Additionally, the Plan identifies the following housing actions: 5. The rehabilitation, development or construction of affordable housing in compliance with State law. 6. Providing the opportunity for participation by owners and tenants and the extension of preferences to occupants desiring to remain or relocate within the redeveloped Project. 7. Providing relocation assistance to displaced residential and non-residential occupants. Southwest Redevelopment Project Area Page 11 Five Year Implementation Plan 8. Assisting in providing financing for the construction of residential units to increase the residential property tax valuation of the Project. 9. Provide for the retention of controls, and the establi~ ;hment of restrictions or covenants running with the land, so that property will continue to be used in accordance with the Plan. 10. The acquisition and disposition of property for t~"e purpose of providing relocation housing, as may be required, to implement the objectives of the Plan. B. Housing Activities As provided in more detail in Exhibit 1, it's estimated t ~at no (zero) housing units will be displaced over the next five years as part of redevelopr~ent activities in the Project Area. Additionally, no housing development is currently planned to be developed over the same period. Nevertheless, should the need arise, replacement housing sites may be located in the "Woodlawn Park", "Broderick's Otay Acres", and southwestern "Dorothy Street" communities. Finally, it is estimated that an annual prod ~ction of approximately 80 housing units are estimated to be developed and/or "assisted" ir some manner throughout the City over the next five years. Therefore, it is reasonable to an :icipate that some portion (although undetermined) of the total production of 400 units will ~ located within the Project Area. VII. CONCLUSION Adoption of this Five Year implementation Plan shall not c ~stitute an approval of any specific program, project or expenditure and does not change the ~eed to obtain any required approval of a specific program, project or expenditure from the ~gency or community. The projects described in the Implementation Plan are examples of un( ertakings which will meet the goals and objectives of the Redevelopment Project. Ot~er proiects which meet program requirements may also be pursued by the Agency. This is the initial Implementation Plan for the Southwes' Redevetopment Project. This plan will be reviewed by the Agency at least once within the five year term of the Plan, and will take place at a Public Hearing no earlier than two year~ and no later than three years after adoption of this initial Implementation Plan. The Agenc" will hold a requisite Public Hearing and adopt a new Implementation Plan every five years fr Dm the date of adoption of the initial Plan. The implementation Plan may be amended by ~e Agency at any time following a noticed Public Hearing. c:\wp5 l\haynes\document\swplan9 5,doc