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3.(“Plan”) <br />Boulevard Redevelopment Area, dated January 8, 2008, for the Area <br />“Exhibit 2” <br />incorporated herein by attached , pursuant to Section 99.430 of the <br />Statute; finding that there is a feasible financial plan for the development of the Area <br />which affords maximum opportunity for development of the Area by private <br />(“LCRA”) <br />enterprise; finding that the Land Clearance for Redevelopment Authority <br />may acquire properties within the Area; finding that the redeveloper shall be <br />responsible for relocating any eligible occupants displaced as a result of <br />implementation of the Plan; finding that financial aid may be necessary to enable the <br />Area to be redeveloped in accordance with the Plan; finding that there shall be <br />available an eight (8) year tax abatement; finding that the redeveloper shall make <br />certain payments in lieu of taxes; and pledging cooperation of the City Council and <br />requesting various City officials, departments, boards and agencies of the City to <br />cooperate and to exercise their respective powers in a manner consistent with the <br />Plan. <br />4. BILL 8986 — <br />An ordinance finding that a certain blighted area as defined in Section <br />Statute <br />99.320 RSMO, (the “” being Sections 99.300 to 99.715 inclusive), exists in <br />the City of University City (“City”) and containing a description of the boundaries of <br />“Exhibit 1” <br />said blighted area, attached hereto and incorporated herein as known <br />(“Area”); <br />as the Olive Boulevard and North and South Road Redevelopment Area <br />finding that redevelopment and rehabilitation of the Area is in the interest of the <br />public health, safety, morals and general welfare of the people of the City; approving <br />the redevelopment plan for the Olive Boulevard and North and South Road <br />(“Plan”) <br />Redevelopment Area, dated January 8, 2008, for the Area incorporated <br />“Exhibit 2” <br />herein by attached , pursuant to Section 99.430 of the Statute; finding <br />that there is a feasible financial plan for the development of the Area which affords <br />maximum opportunity for development of the Area by private enterprise; finding that <br />(“LCRA”) <br />the Land Clearance for Redevelopment Authority may acquire properties <br />within the Area; finding that the redeveloper shall be responsible for relocating any <br />eligible occupants displaced as a result of implementation of the Plan; finding that <br />financial aid may be necessary to enable the Area to be redeveloped in accordance <br />with the Plan; finding that there shall be available an eight (8) year tax abatement; <br />finding that the redeveloper shall make certain payments in lieu of taxes; and <br />pledging cooperation of the City Council and requesting various City officials, <br />departments, boards and agencies of the City to cooperate and to exercise their <br />respective powers in a manner consistent with the Plan. <br />4. BILL 8988 — <br />An ordinance amending Chapter 34 of the Municipal Code of the City <br />of University City, relating to zoning, by repealing Sections 34-40.7(3) and 34- <br />40.7(5) thereof relating to density requirements in the “PD” - Planned Development <br />district, and enacting in lieu thereof a new sections to be known as "section 34- <br />40.7(3)" and “section 34-40.7(5)” by amending said section so as to remove certain <br />density standards; containing a savings clause and providing a penalty. <br />5. BILL 8989 — <br />An ordinance amending Chapter 34 of the Municipal Code of the City <br />of University City, relating to zoning, by repealing Section 34-55(1)(4)(c) thereof <br />relating to setback requirements for air conditioning units, and enacting in lieu <br />thereof a new section to be known as "Section 34-55.1(4)(c)," by amending said <br />section so as to change the distance from 2 feet to 1 foot; containing a savings <br />clause and providing a penalty. <br /> <br />