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Implementation of this Plan may be financed by funds obtained from private ancUor public sources, including, without Limitation, revenue bonds, bank loans, and equity funds provided by the Developer. 2. PROPERTY ACQUISITION The Proposed Uses Map, attached as Exhibit C, identifies aH the property located in the Area to be acquired by the Developer. The LCRA may not acquire any property in the Area by the exercise of eminent domain. 3. PROPERTY DISPOSITION If the LCRA acquires property in the Area, it may sell or lease the property to a Developer who shah agree to develop such property in accordance with this Plan and the contract bem'een such Developer and the LCRA. Any property acquired by the LCRA and sold to a Developer will be sold at not less than its fair value, taking into account and giving consideration to those factors enumerated in Section 99.450 RSMo, for uses in accordance with this Plan. 4. RELOCATION ASSISTANCE The property within the Area is currently unoccupied. If it should become occupied, aH eligible occupants displaced as a result of the implementation of the Plan shah be given relocation assistance by a Relocation Plan in accordance with all applicable federal, state and local laws, ordinances, regulations and policies, including Ordinance No. __ (City of University City Relocation PoLicy]. E. COOPERATION OF THE CITY The City and its City Council, by enacting an Ordinance approving this Plan, pledge their cooperation to enable the project to be carried out in a timely manner and in accordance with this Plan. F. TAX ABATEMENT 1. TAX ABATEMENT APPLICATION AUTHORIZED Developer shah be afforded ten (10) year tax abatement from the City and the LCRA pursuant to Sections 99.700 - 99.715 RSMo, upon apphcation as provided therein. The Comprehensive Plan notes that "The City must encourage and assist private and public efforts directed toward major renovation or replacement of portions of the existing housing stock with economic 7 1525371