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Adoption of 2005-2009 Implementation Plan Page 3 of 5 • Curbs, gutters, sidewalks on 6�h St., Pennsylvania Ave., 7th St., Olive St., Oak St., and Citrus; • Landscape improvements at Mill and Rancho Ave., and C St. and Rancho Ave.; • Realignment of Valley and Pepper; • Widen bridges on Mt. Vernon south of Valley Blvd.; • Improvements to the City water, sewer, and drainage lines along Hunts Ln., Cooley Ln., Cooley Dr., San Bernardino Ave., Valley Blvd., Meridian Ave., Pepper Ave., the 3-5 and 3-11 Storm Drain projects; • Development of the bicycle path along Mt. Vernon and Colton Ave.; • Assist in facilitating the development on Oliver Holmes Rd. and Steele Rd., • Development of the former Frontiertown site; • Assembling property at the Northwest corner of Mt. Vernon and Colton Ave.; • Park lighting at Cesar Chavez Park; Other programs that will be undertaken throughout all seven project areas include: working with real estate agents, property owners and developers to fill vacant commercial buildings; and, creating and distributing marketing materials to increase exposure to our businesses. Housinq Production Obliqations CRL requires the Agency to set aside 20% of its gross tax increment revenue into a Housing Fund and to spend it solely on projects to preserve, rehabilitate and increase the community's supply of low-and moderate-income housing. In addition to the funding and expenditure requirements, the Agency must also follow a prescribed formula to produce a certain number of housing units specific to individual income categories, which is determined by the number of housing units constructed throughout the city. Health and Safety Code section 33413 states that, if an Agency fails to meet its housing production requirements by the end of each ten-year plan period, it must meet its housing production goals on an annual basis, until the requirements for the ten-year period are met. Although the Agency has invested considerable amounts of money into its low- moderate housing fund, it has not been able to meet its housing production obligations. The Agency has control over placing income restrictions on production units it assists; however, the shortage has come from units produced by developers where there are no income restrictions. Consequently, as the planning period for the