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VII. CONFORMANCE WITH AB 1290 IMPLEMENTATION PLAN <br />The primary AB 1290 Implementation Plan program objective for the Plaza 2 Redevelopment <br />Project Area is to eliminate conditions which negatively impact economic development of the <br />community by acquiring, removing, consolidating, and rehabilitating substandard properties. To <br />that end, the Agency has acquired the Site to sell and convey to the Developer for development of <br />the Project. <br />Furthermore, the Implementation Plan also establishes a priority objective of increasing the <br />community's economic base by encouraging investment in the redevelopment project area. The <br />proposed Project, which will provide new sales tax, business license tax, and utility use tax within <br />the Plaza 2 Redevelopment Project Area, conforms to the Implementation Plan and will achieve the <br />goals specifically defined in the implementation plan. <br />KEYS ER MA RSTON ASSOCIATES INC. <br />19104\0001.002.DOC Page <br />