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Ordinance No. 5267, and recorded on April 21, 1981 at Book 7325, Page 1421, of the Recorder <br />of Deeds Office for St. Louis County, State of Missouri; and <br /> <br /> WHEREAS, the LCRA adopted an amendment to the Plan on April 8, 1987, and said <br />amendment was approved by the City Council of University City on July 20, 1987, by <br />Ordinance No. 5614, and recorded on July 31, 1987 at Book 8176, Page 107, of the Recorder <br />of Deeds Office for St. Louis County, State of Missouri; and <br /> <br /> WHEREAS, the properties at 6673-6677 Delmar Boulevard 6682 Enright and 622-716 <br />Kingsland (hereinafter collectively the "Property") are located within the project area boundaries <br />of the Plan; and <br /> <br /> WHEREAS, Louis London, Inc. is the owner of the Property; and <br /> <br /> WHEREAS, 6665 Urban Redevelopment Corporation is a Missouri Urban <br />Redevelopment Corporation operating and existing pursuant to the provisions of Chapter 353 <br />R.S.Mo. 1986, as amended; and <br /> <br /> WHEREAS, 6665 Urban Redevelopment Corporation, in conjunction with Louis London, <br />Inc., has submitted a redevelopment proposal dated March 11, 1996 and revised by letter dated <br />March 27, 1996 addressed to the City Manager (hereinafter collectively the "Redevelopment <br />Proposal") for the construction of improvements on the Property; and <br /> <br /> WHEREAS, Louis London, Inc. is proposing to transfer title to the Property to the <br />LCRA which in turn is proposing to transfer title to the Property to 6665 Urban Redevelopment <br />Corporation, subject to a Parcel Development Agreement with the LCRA; and <br /> <br /> WHEREAS, in connection with the Redevelopment Proposal, 6665 Urban Redevelopment <br />Corporation has requested a grant of tax abatement under Chapter 353 R.S.Mo. 1986, as <br /> <br />2 <br /> <br /> <br />