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~ WHEREAS,. the City Council has reviewe~ the public facilities in the <br />proposed Area to determine whether the growth and development of the Area is <br />hampered by the inadequacies of the existing public facilities therein and <br />whether theee inadequacies constitute an economic liability to the citizens <br />of the City and the affected taxing districts; and <br /> <br /> WHEREAS, the City Council has reviewed all of foregoing to determine <br />whether the proposed Area is a "Blighted Area" within the meaning and intent <br />of Section 99.805(1) of the Act and whether the Plan and Projects will <br />increase employment in the City and enhance the tax base of the City in all <br />affected taxing districts; <br /> <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY <br />CITY, MISSOURI AS FOLLOWS: <br /> <br />Section 1. The City Council hereby makes the following findings: <br /> <br /> A. Due to the existing conditions in the Area, the Area is a <br />"Blighted Area" as defined in Section 99.,805(1) of the <br /> <br /> B. The proposed area on the whole has not been subject to growth <br />and development through investment by private enterprise and would <br />not be reasonably anticipated to be developed without the adoption of <br />the Plan. <br /> <br /> C. The Plan'and Projects conform to the Comprehensive Plan for <br />the development of the City as a whole. <br /> <br /> D. The Plan and Projects meet the requirements of the Act. <br /> <br /> E. A Relocation Assistance Plan has been developed for relocation <br />assistance for businesses and residents within the Area. <br /> <br /> F. As set forth in the Plan, the estimated date of completion is <br />23 years. <br /> <br /> Section 2. The Plan and Projects thereunder which were the subject of <br />the Public Hearing held October 17, 1988 are hereby adopted and approved. A <br />copy of said Plan is attached hereto as an exhibit and is incorporated <br />herein by reference as if set out herein in full. <br /> <br /> SeCtion 3. The sections, paragraphs, sentences, clauses and phrases of <br />this ordinance are severable and if any section, paragraph, sentence, clause <br />or phrase of,~his ordinance be declared unconstitutional ultra vires or void <br />for any reason by a decree or judgment of a court of competent jurisdiction; <br />such Judgment or decree shall not affect any of the remaining sections, <br />paragraphs, sentences, clauses or phrases of this ordinance. <br /> <br /> Section 4. This ordinance shall be in full force and effect from and <br />after its passage and approval as provided by law. <br /> <br />-2- <br /> <br /> <br />