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property of equal value. Nor shall such valuation be increased above fifty percent (50%) the true value of such real property from year to year during said period of ten years so long as said property is owned by an urban redevelopment corporation or ~ successor in interest or assignee of a redevelopment corporation or any subsequent transferee of any thereof (whether voluntary or involuntary) and used for the purposes permitted in the Plan and this Agreement as from time to time amended. Notwithstanding the above, and so long as the owner of the Project Area shall obtain the tax abatement Benefits hereunder, the Redeveloper for itself and any successor or assignee entitled to the benefit of such tax abatement hereunder, shall make the in lieu of tax payments described in Schedule ! attached hereto and hereby incorporated herein by reference. The obligations to make the foregoing payments enume- rated in this sectipn shall be enforceable directly by the City of University City. In the event of the sale or other disposition of any such real property taxes as provided in this Section at any time and from time to time by reason of the foreclosure of any mortgage or other lien or through insolvency or bankruptcy proceeding or by order of any court of competent jurisdiction or by voluntary transfer or otherwise, it is the intention of the parties hereto that the partial tax relief provided for in . ~Se~_tion 5 hereof be grante, d.~with respect to such property and shall inure to the benefit of any purchaser or other transferee thereof and to each and every purchaser or purchasers or other ~nsferee of any such real property so long as such real ~pr~e~rty is used for the uses permitted in the Plan and this Agreement as now or hereafter from time to time amended. In no 'event shall the partial tax relief and abatement conferred exceed twenty (20) years starting with the date of the first year of such tax relief and with respect to the property, regardless of ownership or transfer. For purposes of this Section 5, Lewis Center Associates, a Missouri limited partnership, shall be deemed a successor in interest to the Redeveloper whose acquisition of the Project Area has been approved by the City Council of the City of University City. As such an approved successor in interest, Lewis Center Associates shall be entitled to the benefits of tax abatement specified herein. Section 6. Signs. Signs upon the Project Area shall conform to the requirements of the sign ordinances of the City as amended to the extent such ordinances apply. -4-