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RES {)71()O~ Resolution in Support of the Downtown Revitalization Economic Assistance Missouri Application WHEREAS, University City is committed to the preservation, maintenance and renewal of all business districts and corridors within the city, and, WHEREAS, University City has established the physical and economic redevelopment of the Olive Boulevard commercial district as a high priority, and, WHEREAS, the State of Missouri has created a new initiative, the Downtown Revitalization Economic Assistance Missouri, for the purpose of assisting with the revitalization of downtown areas, and, WHEREAS, University City intends to make application to the Downtown Revitalization Economic Assistance Missouri initiative to assist with the revitalization of Olive Boulevard, and, WHEREAS, communities selected for the Downtown Economic Assistance Missouri initiative are those that demonstrate a financial commitment to sustain revitalization efforts, and, WHEREAS, University City has an August 8, 2006 municipal ballot measure to add 14 of 1 cent percent tax on retail sales for economic development opportunities. NOW THEREFORE, let it be known that the City Council of University City, by this Resolution, does support the submittal of an application to the Downtown Revitalization Economic Assistance for Missouri program, and will commit a portion of the proceeds from the retail sales tax, if approved, toward the redevelopment of the Olive Boulevard commercial district. Adopted this 10th day of July, 2006. '" Attest: ~;;k&~. Jp1Ce Pu m City Clerk . f " , , ;, u : :: (: : :. -,-- ..... ~... .../ .. ~...- '/,~,... i ' I 'j ; ~ , ~ j \ \ "':~-:.;' :..::'~: ~;:~ '" " I . .~ " " ,"