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O&MURPA <br />LIVE IDLAND RBANENEWAL ROJECTREA <br />UCLCRA <br />NIVERSITYITY ANDLEARANCE FOR EDEVELOPMENT UTHORITY <br />“Some of the buildings on Olive Boulevard are deteriorating or have unattractive <br />facades, which detracts from the overall quality of the district and could hinder <br />development and commercial activity. With few exceptions, the commercial buildings <br />along Olive Boulevard have no unifying architectural style, creating a fragmented <br />appearance. Buildings typically sit on shallow lots which prohibit expansion and so not <br />relate well to the street or one another. Landscaping is inadequate and in some areas <br />litter is prevalent. Parking is inadequate or inconvenient in many areas. There are also <br />some vacancy or turnover problems.” <br />These conditions described by the 2005 Plan, the 2000 Land Use Study, and the TIF <br />District Redevelopment Plan are currently present within the Area and are documented <br />Section 2 <br />in. The City’s policy as stated in the 2005 Plan is that the City will support the <br />redevelopment of Olive Boulevard for commercial and mixed uses. All of the parcels <br />within the Area are specifically designated for redevelopment in the 2005 Plan <br />(“Redevelopment Area 4”). Based on the City’s previously stated policies in the most <br />recent official comprehensive plan, the following are the general goals and objectives to <br />be undertaken in the Area. <br />Goal: <br /> Eliminate conditions of blight and encourage redevelopment. <br />Objectives: <br />1. Combine smaller parcels of land into larger tracts that can be more marketable to <br />commercial developers. <br />2. Encourage quality redevelopment within the Area that is consistent with the City’s <br />current guidelines for construction (including parking, lighting, landscaping) that will <br />improve the appearance of the Olive Boulevard Corridor. <br />3. Produce long-lasting development that projects a positive community image, <br />increases the value of surrounding property, adds to the public convenience, <br />enlarges opportunities for pursuing an urban lifestyle, and enhances community <br />resources. <br />4. Eliminate uses that do not contribute to the overall social and economic well-being <br />of Olive Boulevard and the adjacent neighborhoods. <br />C. <br />RP <br />EDEVELOPMENT LAN <br />The Plan being considered by the City is discussed below. It should be noted that within <br />the Area additional redevelopment plans may be submitted by the City or others to <br />further the goal of eliminating the conditions which qualify the Area under the LCRA Law. <br />This Plan consists of two elements: <br />1. Acquisition of Property. <br />The LCRA will acquire property within the Area as it becomes available from time to time <br />due to tax sales and other opportunities. In addition, where necessary the LCRA will <br />acquire property within the Area for the purposes of land consolidation and public <br /> ÐÙßÊ ËÎÞßÒ ÝÑÒÍËÔÌ×ÒÙ <br />9 <br />80759 <br />1/08/08 <br /> <br />