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O&MURPA <br />LIVE IDLAND RBANENEWAL ROJECTREA <br />UCLCRA <br />NIVERSITYITY ANDLEARANCE FOR EDEVELOPMENT UTHORITY <br />retained by the University City Land Clearance for Redevelopment Authority (LCRA) and <br />the Olive Boulevard Central Tax Increment Finance Commission to document the <br />conditions of the Area and to assist in the preparation of the Program and Plan for the <br />Area. <br />The Area is located on the northwest quadrant of the intersection of Olive Boulevard and <br />Midland Boulevard. The Area is comprised of two parcels containing two buildings and <br />Plate 1Appendix A <br />totaling 0.58 acres. in visually depicts the Area boundaries and <br />the location of improvements. The westernmost parcel has a now vacant commercial <br />property that had previously been converted from a single family home. The <br />easternmost parcel has a retail strip center that has a variety of tenants servicing the <br />neighborhood such as a Laundromat, nail salon, Chinese take-out, and a miscellaneous <br />Plate 2 – Existing Land Use <br />convenience store. displays the existing land use within <br />Plate 3 – ZoningTable 1-1 <br />the Area and displays the existing zoning within the Area. <br />displays the relevant information from the St. Louis County Assessor including <br />ownership and assessed value. <br />Table 1-1 <br />St. Louis County Assessor Data <br />Olive and Midland Urban Renewal Project Area <br /> <br />Map <br />2007 <br />IDLocator # Owner Property Address Acres <br />Assessment <br />Parcel <br />RU WEILING & CHIU 7315 Olive <br />1 <br />17J421118 VA KUOK H/W Boulevard $29,410 0.13 <br />7301-7309 Olive <br />2 <br />17J421228 SUEN BROS CORP Boulevard $76,160 0.45 <br />The Area is currently within the Olive Boulevard Central Tax Increment Finance District <br />Plate 4 – TIF Boundary Map <br />(TIF District) which was established in August 1988. in <br />Appendix A <br /> depicts the TIF District boundaries. The TIF District has facilitated <br />successful redevelopment projects within the TIF District boundaries such as an Aldi’s <br />grocery store and Walgreen’s. The TIF District’s objectives included the acquisition and <br />consolidation of irregularly shaped and undersized lots for the purpose of supporting <br />large-scale commercial development in accordance with the City’s zoning and <br />development codes. As a result, the City and the Tax Increment Financing Commission <br />of University City have acquired several properties within the TIF District over the years. <br />However, many properties within the TIF District, including the Area, are still in need of <br />redevelopment. The TIF Commission and the City are in need of LCRA assistance in <br />the possible acquisition of properties to further the redevelopment objectives for this <br />portion of the City. <br /> ÐÙßÊ ËÎÞßÒ ÝÑÒÍËÔÌ×ÒÙ <br />2 <br />80759 <br />1/08/08 <br /> <br />