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E'XHIBI'T A MODIFIED DEVELOPMENT PLAN 1 FOR THE PARKVIEW GARDENS REHABILITATION AREA October 14, 1986 As Modified By The Plan Commission, October 22, 1986 A. GENERAL DESCRIPTION OF THE PROJECT. University City Redevelopment Corporation (hereinafter "UCRC") proposes to act as an umbrella Urban Redevelopment Corporation for the purpose of implement- ing residential, commercial and industrial development and rehabilitation in an area of University City generally bounded by Olive Boulevard on the north, the city limits on the east, Washington Avenue on the south and Kingsland Avenue on the west (hereinafter the "Project Area") . The Project Area is more particularly described in "legal description" which follows as Section "B" and is further reflected on the Project Area Map attached as Exhibit A. Through the use of various incentives, UCRC will encourage private investors to rehabilitate individual properties within the Project area. Residential units will be rehabilitated in accordance with the "Parkview Garden Rehabilita- tion Standards" and commercial and industrial property shall be developed or rehabilitated and new residential property developed according to a site plan review and construction standards which are approved by the City of University City, Department of Planning and Development and, if applicable, the University City Plan Commission and City Council (which are incorporated herein by reference and hereafter collectively referred to as the "Project Standards"). The incentives may include tax abatement and cash grants to assist in financing a portion of the rehabilitation and development costs. There is no contemplated change in the existing street patterns nor in the land uses currently existing. UCRC may, however, request that the City close off some streets to study the impact on traffic pattern, traffic volume within the neighborhood, accessability for emergency vehicles, neighborhood cohesiveness and residential quality. Based on such studies the streets patterns might be permanently altered.