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q.�-� shvctures have proved to be nonproductive and a deteriorating influence on the values of other properties in the Project Area. Removal of these shvctures and their replacement by new buildings will lead to utilization of an undemtiliud poition of , the dnwatown; c. The conshvction of an attractive retail entertainment center, supported by public pazking and offs'te enhancements, is ezpected to act as a catalyst in revitalizing the downtown by drawing shoppecs and otheis into the area during both daytime and evening homs. As such, it is anticipated that the Project will create momentum for addidonal business oppommities and investmeat in the downtown area; d. The Project will increase and create new employment opportunities, both during its cons�uctioa and thereafter, and e. The Project will increase the real property tax base of the Redevelopment Project Area, thereby increasing taac increment available to the Agency to promote future affordable housing and redevelopment opportimities, and generating increased sales and use taxes for the City. VII. CONFORMANCE WITH FIVE-YEAR IMPLEMENTATION PLAN The origina'. ohiectives for the 1982 Redevelopment Pian•included improving circulation, rehabilitatin_ c;mmercial properties and providing safer intersections and public improvements. Additional goaLs and objectives were set forth in the Second Amendment to the Plan (1989), when the Project Area was expanded to include ouUying azeas (the Amendment Area). In 1994, the Agency adopted an Implementation Plan, as required by AB 1290 for the Project Area. In 1997, a Progress Report was prepazed outlining the accomplishments of the Agency in unplemenring the Redevelopment and Implementation Plans. The Progess Report also included a review of the Implementation Plan's goals and objectives; these goals and objectives were updated to be consistent with those in the original Redevelopment Plan and in the Second Amendment to the Plan, including the following: 1. To achieve an envuonment reflecting a high level of concern for azchitectural, landscape, and urban design and land use principles appropriate for attainment of the Redevelopment Plan; 2. To replan, redesign, and develop undeveloped/vacant, underutilized, and underdeveloped azeas that are stagnant or unproperly utilized; 3. To encotuage inveshnent by the private sector in the development of the Amendment Area (the expanded land azea added in 1989) by eliminating impediments to such development and redevelopment; Keyser Marston Associates, Inc. 18610.00110 7 7-022.tloc, � 125/2002 p y