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2a-2, Site 3 and Site P-1 will be in effect for a period of 20 years, commencing from the effective date of approval of amended Plan by the City Council of University City, Missouri. III. PROJECT PROPOSALS A. Land Acquisition 1. The property to be acquired shall be as shown on the "Project Area Map (Acquisition Areas)", Exhibit A hereof. 2. Property not designated for acquisition on the "Project Area Map (Acquisition Areas)", Exhibit A hereof, may be acquired by the Authority if such property is not made to conform to the Property Rehabilitation Standards and the controls and regulations set forth in this Plan; for the purposes of undertaking a rehabilitation demonstration program in order to encourage the rehabilitation of buildings beyond minimum standards by private owners and other parties of interest; and to prevent or eliminate blighted, substandard, deteriorated, non-conforming or other conditions not foreseen or noted at the time of adoption of this Plan. The Land Clearance Authority may clear where necessary, and sell or lease for redevelopment, renewal, or rehabilitation and subsequent disposition, all or any portion of such property which it has acquired under the conditions set forth hereinabove. Where such property is sold or leased for redevelopment, the Authority shall establish controls relating to land use and building requirements, and such controls shall be consistent with the requirements and controls imposed upon similar property by provision of the Urban Renewal Plan. B. Rehabilitation and Conservation 1. All properties designated for rehabilitation on the "Project Area Map (Acquisition Areas)", Exhibit A hereof shall conform with Property Rehabilitation Standards set forth in this Plan as Exhibit C, the provisions of the University City Zoning and Building Codes and all other ordinances and regulations of the City relating to residential and nonresidential facilities, their maintenance and occupancy, and the repair, vacation, and/or demolition of unfit structures. 2. Any property or building which is not brought into conformity with or is not maintained in compliance with the Property Rehabilitation Standards of this Plan and the applicable codes and ordinances of the City of University City may be acquired by the Authority. -10- b00*79%5U PAGE 24 i 9