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The City Manager is hereby authorized and directed to execute the TIF Note and the City <br />Director of Finance is hereby authorized and directed to authenticate the TIF Note on behalf of <br />the City. The City Manager is further authorized to take any and all actions as may be deemed <br />necessary or convenient to deliver the executed and authenticated TIF Note to the Developer. <br /> <br /> Section 2: Severability. The sections, paragraphs, phrases, clauses, and words of this <br />Ordinance shall be severable. In the event that any portion of this Ordinance is found by a court <br />of competent jurisdiction to be invalid, the remaining portions of this Ordinance are valid, unless <br />the court finds the valid portions of this Ordinance are so essential and inseparably connected <br />with and dependent upon the void portion that it cannot be presumed that the City Council would <br />have enacted the valid portions without the invalid ones, or unless the court finds that the valid <br />portions standing alone are incomplete and are incapable of being executed in accordance with <br />the legislative intent. <br /> <br /> Section 3: Emergency Clause. It is hereby declared that an emergency exists in that the <br />herein described Redevelopment Agreement requires issuance of the TIF Note within a specific <br />time frame and in that delay of the issuance of the TIF Note would work an unnecessary hardship <br />on the Developer. <br /> <br /> Section 4: Effective Date. This Ordinance shall take effect and be in force from and <br /> <br />after its passage as provided by law. <br /> <br /> PASSED this ~ day of U'ta.L~ <br /> <br />::ODMA~PCDOCS~ST_LOUIS~380340~l <br /> <br /> 1999. <br /> <br />-2- <br /> <br /> <br />