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PARCEL DEVELOPMENT AGREEMENT <br /> <br /> THIS PARCEL DEVELOPMENT AGREEMENT, made and entered into as <br /> <br />of the day of , 1994, by and between the <br /> <br />LAND CLEARANCE FOR REDEVELOPMENT AUTHORITY OF UNIVERSITY CITY, <br />MISSOURI, a body politic and corporate authorized and operating <br />under the provisions of Chapter 99.300-.715, R.S.Mo., 1986, as <br />amended (hereinafter referred to as the "Authority") and TIVOLI <br />BUILDING REDEVELOPMENT CORPORATION, an urban redevelopment <br />corporation authorized and existing pursuant to the provisions of <br />Chapter 353 R.S.Mo. (1986), as amended, (hereinafter referred to <br />as "Redeveloper"). <br /> <br /> WITNESSETH THAT: <br /> <br /> WHEREAS, the Authority is the owner of a certain parcel of <br />real estate in University City, St. Louis County, Missouri, <br />known as 6346-70 Delmar Boulevard, more particularly described on <br />Exhibit A, attached hereto and incorporated herein by this <br />reference, together with all improvements thereon (hereinafter <br />referred to as the "Property"); and <br /> <br /> WHEREAS, the Property is located in the Eastgate-Westgate <br />Urban Renewal ProjeCt Area, as described in the Eastgate-Westgate <br />Urban Renewal Plan, MO-R-43 Urban Renewal Project, originally <br />approved by the City Council of University City on June 1, 1964 <br />by Ordinance No. 4043, and amended by the City Council on January <br />21, 1994, by Ordinance No. 5786, recorded at Book 8936 Page 676 <br /> <br />STL-29542~9 <br /> <br /> <br />