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INTRODUCED BY COLrNCILMAN ~ BOARD BILL NO. ORDINANCE NO. AN ORDINANCE FINDING THAT A CERTAIN BLIGHTED AREA AS DEFINED IN SECTION 99.320 RSMO, (THE "STATUTE" BEING SECTIONS 99.300 TO 99.715 INCLUSIVE), EXISTS IN THE CITY OF UNIVERSITY CITY ("CITY") AND CONTAINING A DESCRIPTION OF THE BOUNDARIES OF SAID BLIGHTED AREA, ATTACHED HERETO AND INCORPORATED HEREIN AS EXHIBIT "1", KNOWN AS THE DELMAR/DELCREST REDEVELOPMENT AREA ("AREA"); FINDING THAT REDEVELOPMENT AND REHABILITATION OF THE AREA IS IN THE INTEREST OF THE PUBLIC HEALTH, SAFETY, MORALS AND GENERAL WELFARE OF THE PEOPLE OF THE CITY; APPROVING THE REDEVELOPMENT PLAN FOR THE DELMAR/DELCREST REDEVELOPMENT PROJECT AREA, DATED DECEMBER 8, 2000 FOR THE AREA INCORPORATED HEREIN BY ATTACHED EXIHRIT "2", PURSUANT TO SECTION 99.430 OF THE STATUTE; FINDING THAT THERE IS A FEASIBLE FINANCIAL PLAN FOR THE DEVELOPMENT OF THE AREA WHICH AFFORDS MAXIMUM OPPORTUNITY FOR DEVELOPMENT OF THE AREA BY PRIVATE ENTERPRISE; FINDING THAT NO PROPERTY IN THE AREA MAY BE ACQUIRED BY T,HE LAND CLEARANCE FOR REDEVELOPMENT AUTHORITY OF THE CITY OF UNIVERSITY CITY CLCRA") THROUGH THE EXERCISE OF EMINENT DOMAIN; FINDING THAT THE PROPERTY WITHIN THE AREA IS LrNOCCUPIED, BUT IF IT SHOULD BECOME OCCUPIED, THE REDEVELOPER SHALL BE RESPONSIBLE FOR RELOCAT1NG ANY ELIGIBLE OCCUPANTS DISPLACED AS A RESULT OF IMPLEMENTATION OF THE PLAN; FINDING THAT FINANCIAL AID MAY BE NECESSARY TO ENABLE THE AREA TO BE REDEVELOPED IN ACCORDANCE WITH THE PLAN; FINDING THAT THERE SHALL BE AVAILABLE TEN (10) YEAR TAX ABATEMENT; FINDING THAT REDEVELOPER SHALL MAKE CERTAIN PAYMENTS IN LIEU OF TAXES; AND PLEDGING COOPERATION OF THE CITY COUNCIL AND REQUESTING VARIOUS OFFICIALS, DEPARTMENTS, BOARDS AND AGENCIES OF THE CITY TO COOPERATE AND TO EXERCISE THEIR RESPECTIVE POWERS IN A MANNER CONSISTENT WITH THE WHEREAS, by reason of predominance of defective or inadequate street layout, insanitary or unsafe conditions, deterioration of site improvements, improper subdivision or obsolete platting, there exist conditions which endanger life or property by fire or other causes and constitute an economic or social liability or a menace to the public health, safety, morals or welfare in the present condition and use of the Area, said Area being more fully described in Exhibit 'T'; and PAGE 1