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5781
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1990
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5781
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Last modified
12/6/2004 2:48:05 PM
Creation date
11/5/2014 12:19:24 PM
Metadata
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City Ordinances
Passed
12/10/1990
Ordinance Number
5781
Bill Number
7991
Introdate
11/19/1990
Description
Adopting TIF funding for financing improvements within Olive Boulevard central tax increment finance district, approving the financing, providing for a subaccount to finance improvements in Westover,
Introduced By
Schoomer
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and disposal of any underground storage tanks on the Property was <br />done in accordance with all Environmental Laws. <br /> <br /> (e) The Acquired Property has been used only as <br />undeveloped real estate during the entire time Developer has <br />owned it, except for any construction or operation of the <br />Shopping Center in accordance with the proposal. Developer has <br />not used or permitted the use of the Acquired Property for any <br />other purpose, and will not use or permit the use of the Acquired <br />Property for any other purpose through Closing. The Acquired <br />Property was not at any time used, intentionally or <br />unintentionally, for the dumping, disposal, storage or handling <br />of hazardous waste of any kind. <br /> <br /> (f) All consents, approvals,~authorizations and other <br />requirements prescribed by law, declaration, bylaw, restriction, <br />covenant, rule or regulation which must be obtained orsatisfied <br />by Developer and which are necessary for the execution, d~livery <br />and performance by Developer of this Agreement and the documents <br />to be executed and delivered by Developer in connection herewith <br />have been obtained and satisfied. <br /> <br /> (g) Developer has paid for all work, supplies and <br />materials performed upon and supplied to the Acquired Property. <br /> <br /> (h) There exists no lien, encumbrance or adverse claim <br />with respect to any of the Acquired Property, other than a lien <br />in favor of the Boatmen's National Bank of St. Louis, which lien <br />will be released at Closing. <br /> <br />Said warranties shall survive the Closing hereunder. <br /> <br /> Section 4. Delivery of Documents. Within ten (10) days <br />after thedate of execution hereof, Developer shall deliver to <br />Commission any and all of the following items which Developer has <br />in its possession: <br /> <br /> ~f~) Any and all correspondence, documents, instru- <br />ments or other information from any third parties, including any <br />governmental agency related to: (i) zoning or any proposed <br />zoning changes of the Acquired Property; (ii) environmental <br />conditions at or pertaining to the Acquired Property, including <br />without limitation, the condition of the surface and/or ground <br />water, the air, the soils, the handling or presence of hazardous <br />and/or nonhazardous waste and/or waste water or oil, the <br />existence and condition of all underground storage tanks at the <br />Acquired Property; and <br /> <br /> (b) Any records or information relating to Developer's <br />use of the Property and to any claims, actions, suits or other <br />proceedings relating to the Property (including, without <br /> <br />STL -6313 <br /> <br />- 5 - <br /> <br /> <br />
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