Laserfiche WebLink
<br /> <br /> <br /> <br /> <br /> <br /> RESOLUTION 2009 - 5 <br /> <br /> <br /> A Resolution Designating Metropolitan Development-Kingsland Walk <br /> Group, LLC as the Preferred Developer in Connection with the <br /> Redevelopment of an Area Bounded on the North by Vernon Street, on the <br /> West by Kingsland Avenue, on the South by Metcalfe Park and on the East <br /> by the Western Lot Line of 6646 Vernon Avenue. <br /> WHEREAS, the City of University City (the City) previously solicited proposals for the <br /> redevelopment of a multi-parcel area bounded on the north by Vernon Street, on the west by <br /> Kingsland Avenue, on the south by Metcalfe Park and on the east by the western lot line of <br /> 6646 Vernon Avenue in the City (the "Proposed Redevelopment Area"); and <br /> <br /> WHEREAS, on November 7, 2008, Metropolitan Development-Kingsland Walk Group, <br /> LLC (the "Developer") submitted a proposal to the City, attached hereto as Exhibit A, for the <br /> redevelopment of the Proposed Redevelopment Area into an urban, mixed-use development <br /> (the "Redevelopment Proposal"); and <br /> WHEREAS, the City Council finds that the redevelopment of the Proposed <br /> Redevelopment Area as detailed in the Redevelopment Proposal is in the best interest of the <br /> City; <br /> <br /> NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF <br /> UNIVERSITY CITY, MISSOURI, AS FOLLOWS: <br /> Section 1. The City Council hereby accepts the Redevelopment Proposal and <br /> designates the Developer as the preferred developer for the Proposed Redevelopment Area. <br /> The City Council, in its sole discretion, may rescind this designation at any time. <br /> <br /> Section 2. The appropriate officials of the City are hereby directed to to ke such <br /> prerequisite actions as may be necessary for the City Council's consideration of tax increment <br /> financing, as requested in the Redevelopment Proposal. <br /> <br /> PASSED and RESOLVED this 6th day of April, 2009. <br /> <br /> <br /> <br /> <br /> <br /> AYO <br /> <br /> ATTEST: <br /> <br /> <br /> <br /> I <br />