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and s~oial growth, and that the Project Area is detrimental <br />to the public health, safety, morals and welfare in its <br />present condition and use, and that said conditions should be <br />eliminated in the public interest; and <br /> <br /> WHEREAS, on June 1, 1964, by Ordinance No. 4043, the <br />City Council approved the LCRA's original plan for <br />development of the Project Area; and <br /> <br /> WHEREAS, on November 17, 1980, by Ordinance No. 5268, <br />the City Council approved an amendment to the original plan <br />for the Project Area; and <br /> <br /> WHEREAS, the LCRA has prepared a further amendment to <br />the plan which has been referred to the City Council for <br />their revie~ and approvs1; the amended plan being dated <br />November 14, 1990 (hereafter referred to as the "Amended <br />Plan") is attached hereto as Exhibit B and incorporated <br />herein by this reference; and <br /> <br /> WHEREAS, said Amended Plan has been approved by the <br />Board of Commissioners of the LCRA; and <br /> <br /> WHEREAS, a general plan has been prepared and is <br />recognized and used as a guide for the general development of <br />the City of University City as a whole; and <br /> <br /> WHEREAS, the LCRA has submitted the Amended Plan to the <br />City Planning Commission, which is the duly designated and <br />acting official planning body for the City, for review and <br />recommendation as to the oonformance of the Amended Plan to <br />the general plan for the community as a whole; and <br /> <br /> WHEREAS, the City Council has duly considered the report <br />and recommendations of the City Planning Commission dated <br />November 28, 1990 and attached as Exhibit C and incorporated <br />herein by this reference; and <br /> <br /> WHEREAS, the LCRA has accompanied its recommendation of <br />the Amended Plan to the City Council with a statement of the <br />proposed method and cost of acquisition and preparation for <br />redevelopment and the estimated proceeds or revenues to be <br />derived from the disposition of any land acquired under the <br />Amended Plan, the proposed methods of financing development <br />under the Amended Plan, the necessity for a reloeation plan <br />for families and businesses potentially displaced as a result <br />of the Amended Plan, and a statement of the proposed length <br />of time necessary to carry out the Amended Plan; and <br /> <br /> WHEREAS, in accordance with the requirements of Sections <br />99.430(8) R.S.Mo. 1986, the City Council has advertised that <br />a public hearing would be held on the Amended Plan on <br />December 10, 1990 and said public hearing was duly held at <br />the time and place designated in said notice, and all of <br /> <br />-2- a,i 8936 677 <br /> <br /> <br />