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Session 1265, Minutes December 22, 1980 Page 2 several years ago. Money will be available for this purchase after all Community Development funds have been released to the City. The LCRA should hold title to the property since they have the resources and ability to market it, and they Ill not be controlled by the limitations of Proposition No. 5. The City Council will have the right to review any development proposal for this property and thus ef- fectively control its eventual use. Mr. Adams moved approval, with Mr. Kelley seconding the motion. Mr. Sabol asked why it was desirable for the LCRA to own this land (now held by the U. S. Department of Housing and Urban Development). Mr. 011endorff said the advan- tages are: (a) the LCRA can use the urban renewal plan as a tool for accepting or rejecting a development plan and for controlling the development (the Council will review all proposals, and has veto power); (b) the I.CRA has HUD funds.available for marketing this land; (c) the LCRA has been operating the Market in the Loop; and (d) fees for the use of the market facilities would be subject to Proposition No. 5 limitations if the City owns it, but not if the LCRA owns it. Mr. 011endorff noted that this land could not be left as urban renewal land indefinitely, and must even- tually be marketed. He said the LCRA will not be able to dispose of it without first obtaining Council approval. Mr. Adams said that when the Market in the Loop was first approved, it was assumed to be an interim use and would not be permanent. Mr. Lieberman pointed out that all that was being done was to transfer ownership from HUD to LCRA, which is to University City's advantage. Mr. Adams noted that it was also a good buy. The Council voted unanimously to approve this purchase. CONSIDERATION OF THE PURCHASE OF CONVEYANCE VAN FOR POLICE DEPARTMENT The City Manager said bids were solicited for the replacement of a conveyance van for the Police Department by a cooperative effort between the St. Louis County Police Department and University City, with the following results: Town and Mavron Country Ford Base price $ 18,449.86 $ 17,767.00 Less trade-in 500.00 100.00 Total $ 17,949.86 $ 17,667.00 Mr. Adams moved approval. Mrs. Metcalfe seconded the motion, which carried unani- mously. The award was to Town and Country Ford for $17,767.00, and the old van will not be traded in, but will be sold outright. Mr. Lieberman said he was very pleased with the cooperative buying effort made by the City and St. Louis County, and thought this was a good buy.