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acquire; provided that the UCRC shall, 30 days prior to the filing of any Petition in Eminent Domain, notify the City Council of University City of UCRC's Intention to so file, and the City Council shall, within said 30 days have the right to direct the UCRC not to proceed with said Petition in Eminent Domain by the passage of a resolution so providing. I. OBJECTIVES. Through this program of encouraging rehabilitation of existing buildings and the construction of new improvements within the Project Area, UCRC intends to improve the attractiveness, safety and vitality of the neighborhood, while maintaining the basic urban character. UCRC desires to increase neighborhood and community—wide awareness of the positive aspects of the neighborhood now and for the future. While improving the quality of housing in the neighborhood in order to attract a wide variety of tenants, approximately twenty percent (20%) of the units in the Project Area will be rent assisted housing with approximately ten percent (10%) to be for assisted non—elderly housing. UCRC supports the principle of a racially, socially and economically balanced school population in the schools serving the neighborhood. UCRC also will encourage the development or rehabilitation of industrial, commercial and new residential projects within the Project Area to increase the tax base and provide jobs for local residents. J. INCENTIVE PROGRAMS: PHYSICAL IMPROVEMENTS AND REIMBURSEMENT OF COSTS OF REHABILITATION. UCRC will assess the potential advantages of tax incentives through the use of limited partnerships and historic district designations, and then disseminate information to the private investors indicating the availability of these incentives and describing the application process. —5—