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The plans include two action steps: acquisition of property and consolidation/disposal of <br />property. For both subject areas, the approach will be the same. The City will acquire property <br />within the areas as it becomes available for purposes of land consolidation and improvements. <br />The proposed method of property acquisition is outright purchase, and failing to accept an offer, <br />condemnation and eminent domain. The City will attempt to retain any businesses that are <br />relocated as a result of LCRA action. As property is acquired, the LCRA will make tracts <br />available to developers for redevelopment. <br />The maximum length of time anticipated for implementation is four years. <br />STAFF RECOMMENDATION <br />Staff recommends approval of the two redevelopment plans. The plans are consistent with the <br />Comprehensive Plan Update of 2005 and are located in Areas Designated for Redevelopment <br />(Redevelopment Areas 3 and 4). Relevant supporting sections of the Comprehensive Plan <br />Update include: <br />p. 15:Goals <br />Growth Management <br />1. The management and improvement of commercial areas. <br />4. The management of physical development in a manner that produces high-quality, long- <br />lasting development, that projects a positive community image, increases the value of <br />surrounding property, adds to the public convenience, enlarges opportunities for pursuing an <br />urban life style, and enhances community resources. <br />9. Provide opportunities for mixed-used developments to create a diverse blend of <br />commercial and residential uses to help meet the daily needs of residents. <br />10. Identify potential redevelopment sites that could enhance the City’s overall economic <br />well-being. <br />Community Quality <br />5. The maintenance and improvement of access to shopping, employment, and recreational <br />resources. <br />13. Enhance community design in redeveloping commercial areas of the City. <br />p. 27Commercial Areas Element <br />: <br />C-1.Improve the overall appearance of development in the Olive Boulevard corridor to better <br />reflect the character of University City. <br />C-2.Improve the physical appearance of all commercial districts. <br />p. 44: Economic Development Element <br />Policies <br /> The City will establish the physical and economic redevelopment of Olive Boulevard <br />as its highest priority. <br />p. 56: Land Use Element <br />LUR -1. Encourage development in areas designated for redevelopment. <br />Department of Community Development <br />2 <br />March 2008 <br /> <br />