|
(6) Prior to recommending a redevelopment or urban renewal plan to the
<br />governing body for approval, an authority shall consider whether the proposed land
<br />uses and building requirements in the land clearance or urban renewal project area
<br />are designed with the general purpose of accomplishing, in conformance with the
<br />general plan, a coordinated, adjusted and harmonious development of the
<br />community and its environs which, in accordance with present and future needs, will
<br />promote health, safety, morals, order, convenience, prosperity and the general
<br />welfare, as well as efficiency and economy in the process of development; including,
<br />among other things, adequate provision for traffic, vehicular parking, the promotion of
<br />safety from fire, panic and other dangers, adequate provision for light and air, the
<br />promotion of the healthful and convenient distribution of population, the provision of
<br />adequate transportation, water, sewerage, and other public utilities, schools, parks,
<br />recreational and community facilities and other public requirements, the promotion of
<br />sound design and arrangement, the wise and efficient expenditure of public funds,
<br />the prevention of the recurrence of insanitary or unsafe dwelling accommodations, or
<br />insanitary areas, or conditions of blight or deterioration, and the provision of
<br />adequate, safe and sanitary dwelling accommodations.
<br /> (7) The recommendation of a redevelopment or urban renewal plan by an
<br />authority to the governing body shall be accompanied by the recommendations, if
<br />any, of the planning commission concerning the redevelopment or urban renewal
<br />plan; a statement of the proposed method and estimated cost of the acquisition and
<br />preparation for redevelopment or urban renewal of the land clearance or urban
<br />renewal project area and the estimated proceeds or revenues from its disposal to
<br />redevelopers; a statement of the proposed method of financing the project; a
<br />statement of a feasible method proposed for the relocation of families to be displaced
<br />from the land clearance or urban renewal project area; and a schedule indicating the
<br />estimated length of time needed for completion of each phase of the plan.
<br />The proposed method of acquiring the property or leasehold interests in the Area is
<br />outright purchase of the property or leasehold interest and, failing acceptance of an
<br />offer, condemnation and eminent domain. The estimated cost of acquisition has
<br />been determined using the St. Louis County appraised value, and an estimated
<br />range of an additional 10%. The properties under consideration for purchase include
<br />7700 Olive (#17K621087) and 7575 Olive (#17K621340). The estimated cost of
<br />purchasing these properties and associated leasehold interests is $460,000 -
<br />$506,000 and $614,000 - $675,000, respectively. The estimated cost of leasehold
<br />interest acquisition in the Area is $15,000 - $20,000. The total estimated cost of
<br />property and leasehold acquisition in the Area is $1,089,000 - $1,201,000. The
<br />estimated proceeds from disposal of the property to interested properties is less than
<br />$10,000. The proposed method of financing the project is to utilize revenues from
<br />the Olive Central Boulevard TIF District. No families are intended to be displaced as
<br />a result of the Program or Plan. The following schedule indicates the estimated
<br />maximum length of time needed for completion of each phase of the Plan.
<br />
<br />
|