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BILL NO. <br /> <br /> INTRODUCED BY COUNCILM]EMBER <br />8275 <br /> <br />MUNKEL <br /> <br /> ORDINANCE NO. 6059 <br /> <br /> AN ORDINANCE APPROVING THE PLANS AND SPECIFICATIONS <br /> OF THE PARKVIEW GARDENS REHABILITATION II, L.P. FOR CERTAIN <br /> PROPERTY IN THE PARKVIEW GARDEN REHABILITATION AREA; FINDING <br /> SAID PLANS TO BE IN COMPLIANCE WITH CHAPTER 353 R.S.MO. 1986, <br /> AS A~I~NDED, AND THE REDEVELOPMENT PLAN FOR THE PARKVIEW <br /> GARDENS REHABILITATION AREA; FINDING THAT THE REDEVELOPMENT <br /> OF SUCH PROPERTY IS NECESSARY AND IN THE PUBLIC INTEREST <br /> UNDER CHAPTER 353 R.S.MO. 1986, AS AMENDED, AND IS IN THE <br /> INTERESTS OF THE PUBLIC HEALTH, SAFETY, MORALS AND GENERAL <br /> WELFARE OF THE PEOPLE OF THE CITY OF UNIVERSITY CITY; <br />AUTHORIZING A GRANT OF TAX ABATEMENT; AUTHORIZING THE CITY <br />MANAGER TO EXECUTE ANY AND ALL DO~S NECESSARY TO IMPLEMENT <br /> THIS ORDINANCE; AND CONTAINING A SEVERABILITY CLAUSE. <br /> <br /> WHEREAS, on September 24, 1984 the City Council of <br />University City, by Ordinance 5450, found the Parkview Gardens <br />Rehabilitation Area to be blighted within the meaning of Chapter <br />353 R.S.Mo. 1978, as amended, and approved the Development Plan <br />for the Parkview Gardens Rehabilitation Area, which Plan was <br />modified by Ordinance 5580, effective November 1986 (the <br />"Redevelopment Plan"); and <br /> <br />WHEREAS, the University City Redevelopment Corporation <br />("UCRC") is a Missouri Urban Redevelopment Corporation operating <br />and existing pursuant to the provisions of Chapter 353 R.S.Mo. <br />1986, as amended; and <br /> <br /> WHEREAS, the UCRC entered into an Agreement with the City of <br />University City, Missouri (the "City") and the Land Clearance for <br />Redevelopment Authority of University City (the "Authority") <br />dated the 26th day of November, 1986, wherein the Authority <br />agreed to review all applications and plans by investors or <br />developers for properties in the Parkview Gardens Redevelopment <br />Area to determine whether the plans comply with the Redevelopment <br />Plan; and <br /> <br /> WHEREAS, the nine parcels of real estate located within the <br />City of University City, Missouri, and more particularly <br />described on Exhibit A, attached hereto and incorporated herein <br />by this reference, together with all improvements thereon <br />(hereinafter referred to as the "Property") are located within <br />the Parkview Gardens Rehabilitation Area; and <br /> <br /> WHEREAS, by resolution adopted on May 15, 1996, the <br />Authority approved certain plans submitted by Parkview Gardens <br />Rehabilitation II, L.P. ("Developer") for the redevelopment, <br /> <br />STL-415954 <br /> <br /> <br />