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regulations set forth in this Planl 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 in its discretion exercise its authority to acquire by the power of eminent domain granted to it by Chapter 99 of the Missouri Revised Statutes of 1978 improved real estate with one or more vacant buildings thereon for the purpose of causing the rehabilitation and reuse of the property for the urban renewal project. The Land Clearance Authority may exercise the power of eminent domain in the manner and under the procedure provided by the laws of the State of Missouri. At such time as the Land Clearance Authority makes a determination that it desires to use its power of eminent domain to acquire a parcel or parcels of real estate, the Land Clearance Authority shall notify in writing the governing body of University City of said intention. If said governing body does not object to the Land Clearance Authority's proposed action within thirty (30) days of said written notice, the Land Clearance Authority may exercise its authority of eminent domain. The Land Clearance Authority may clear where necessary, and sell or lease for redevelopmerit, renewal, or rehabilitation and subsequent disposition, all or any portion of such property which it has acquired under the conditions set forth hsrsinabove. Where such property is sold or leased for redevelopmsnt, 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. The Authority may devote Property which it has acquired to temporary uses prior to the time such property is needed for redevelopmerit. Such uses may include, but are not limited to, project office facilities, rehabilitation demonstration projects, parking, relocation purposes, or public recreational uses in accordance with such standards, controls, and regulations as the Authority may deem appropriate. In connection with the urban renewal project, the Land Clearance Authority may in its discretion offer to a properly organized urban redevelopment corporation which presents a plan for building rehabilitation and renovation conforming to the Land Clearance Authority's specifications and design standards some or all of the benefits of limited tax abatement but not the use of the power of eminent domain in accordance with Chapter 353 of the Missouri Revised Statutes of 1978. At such time as the Land Clearance Authority makes a determination that it desires to grant said tax abatement to an urban redevelopment corporation, the Land Clearance Authority shall -10-