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Section C: A Preliminary Assessment of the Proposed Method of <br />Financing, Including the Economic Feasibility and the <br />Reasons for the Provision of Tax Increment <br />Section D: A Description of the Projects Proposed by the Agency, and <br />How the Proposed Projects Will Improve and Alleviate Blight <br />Plan Adoption Process <br />This Report is one of several documents Agency is required to prepare by Law <br />during the military base closure plan adoption process, and is intended to <br />enhance the general understanding of the proposed Redevelopment Plan. Over <br />the next several months, the City Council, Agency, Planning Commission, <br />Redevelopment Commission, Port Commission, affected taxing agencies, and <br />the community at large will have an opportunity to study and comment on the <br />proposed Redevelopment Plan. <br />The Agency will consult with the affected taxing entities and the community as to <br />the scope and impacts of the proposed Redevelopment Plan. Following these <br />consultations, the Agency will incorporate comments and additional information <br />into a Report to the City Council. The Report to the City Council, and the <br />Redevelopment Plan will be considered by the Agency and the City Council at a <br />joint public hearing tentatively scheduled for June 15, 2004. All Project Area <br />property owners, business owners, and affected taxing agencies will receive <br />notice of this public hearing by mail. <br />ROSENOW SPEVACEK GROUP, INC <br /> REDEVELOPMENT AGENCY OF THE CITY OF STOCKTON <br />MAY 3, 2004 <br /> ROUGH AND READY ISLAND REDEVELOPMENT PROJECT <br />- II - PRELIMINARY REPORT