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5508
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Last modified
1/12/2012 3:39:41 PM
Creation date
11/5/2014 12:17:35 PM
Metadata
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Template:
City Ordinances
Passed
11/4/1985
Ordinance Number
5508
Bill Number
7712
Description
Development plan by Trinity/Delmar Redevelopment corp for blighted area
Introduced By
Councilmember Levy
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7. (a) In order to avoid the appearance of use of City of University <br /> City or County of St. Louis County tax revenues for the benefit of any church, <br /> religious organization, or entity having a religious purpose, the Developer here- <br /> by agrees that so long as general real estate taxes on the Property are wholly or <br /> partially abated, the Developer shall not lease or license any portion of the <br /> Property to any Church, religious organization, or any other entity having a <br /> religious purpose, whether organized on a not-for-profit or a for profit basis. <br /> (b) In the event Developer leases or licenses any portion of the <br /> Property in violation of the foregoing provision, developer shall be liable for <br /> all abated taxes on the entire property that would have been payable during the <br /> term of such lease or license, and thereafter all tax abatement provided here- <br /> under shall terminate and the Property shall be assessed for taxes in accordance <br /> with the existing law. <br /> 8. Developer shall obtain all necessary permits as prescribed by law <br /> and be subject to all lawful inspections and perform any such other necessary <br /> acts as required by the ordinance of which this contract is a part. <br /> 9. Developer shall cooperate with and permit access to the agents and <br /> representatives or other officials of the City of University City which by law <br /> have jurisdiction over various types of construction or public facilities. The <br /> Developer shall be furnished copies of all written reports made by such repre- <br /> sentatives or agents of the City. <br /> 10. (a) The City agrees to undertake all actions necessary to implement <br /> the provisions of Section 353.110 Revised Statutes of Missouri, 1978, as amended, <br /> for the fifteen (15) year period after the date upon which the Developer acquired <br /> the real property in the aforesaid blighted area. <br /> (b) Thereafter, for all years following the said initial fifteen <br /> (15) year period, the Developer, for itself and on behalf of its successors and <br /> assigns, hereby elects to pay full taxes based on the full true value of the real <br /> property including improvements thereon. <br /> (c) Notwithstanding, the tax abatement provisions of Sec. 353.110 , <br /> R.S. Mo. 1978, as amended, Developer, its successors or assigns, shall pay <br /> annually, beginning on December 31, 1985, taxes and payments in lieu of taxes in <br /> accordance with the following schedule: <br /> 5 <br />
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