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"Redevelopment Project"), and to recommend that the City Council designate the Area <br />as a redevelopment area and adopt the Redevelopment Plan and the Redevelopment <br />Project; and <br /> <br /> WHEREAS, the City Council has received the recommendations of the TIF <br />Commission and wishes to accept the recommendations and to designate the Area as <br />a redevelopment area and to adopt the Redevelopment Plan and the Redevelopment <br />Project; and <br /> <br /> WHEREAS, the Redevelopment Plan sets forth factors which cause the Area to <br />be a "blighted area" as defined in Section 99.80S(1) of the TIF Act and the City <br />Council has reviewed 'information concerning the factors set forth in the <br />Redevelopment Plan and is generally informed of the conditions in the Area which <br />would cause the Area to be a blighted area; and <br /> <br /> WHEREAS, the City Council has reviewed conditions in the Area to determine ff <br />the Area has not been subject to growth and development through investment by <br />private enterprise and would not reasonably be anticipated to be developed without <br />adoption of the Redevelopment Plan; and <br /> <br /> WHEREAS, the Redevelopment Plan states estimated dates for completion of <br />the Redevelopment Project and for the retirement of obligations incurred to finance <br />redevelopment project costs; and <br /> <br /> WHEREAS, the City Council has determined that the Redevelopment Plan <br />conforms to the comprehensive plan for the development of the City as a whole; and <br /> <br /> WHEREAS, the Redevelopment Plan sets forth a plan for reitcation assistance <br />for businesses and residences and accordingly, the City Council, has adopted a <br />Reitcation Policy which incorporates the provisions and requirements of subsections <br />2 to 15 of Section 523.205 of Missouri Revised Statutes; <br /> <br /> NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY <br />OF UNIVERSITY CITY, ST. LOUIS COUNTY, MISSOURI AS FOLLOWS: <br /> <br />Section 1: Findings. The City Council hereby makes the following findings: <br /> <br /> (1). The Area on the whole is a "blighted area" as defined in Section <br />99.805(1) of the TIF Act, and has not been subject to growth and development <br />through investment by private enterprise and would not reasonably be anticipated to <br />be developed without adoption of the Redevelopment Plan; <br /> <br />STL-529261 <br /> <br /> <br />