6283 - Laserfiche WebLink

Home Browse Search

Plan (the "Redeveloper") shall be given relocation assistance by the Redeveloper at its expense, in accordance with the Plan and all applicable federal, state and local laws, ordinances, regulations and policies. SECTION TEN. The Plan for the Area gives due consideration to the provision of adequate public facilities. SECTION ELEVEN. In order to implement and facilitate the effectuation of the Plan hereby approved it is found and determined that certain official actions must be taken by this City Council and accordingly this City Council hereby: (a) Pledges its cooperation in helping to carry out the Plan; (b) Requests the various officials, departments, boards and agencies of the City, which have administrative responsibilities, likewise to cooperate to such end and to execute their respective functions and powers in a manner consistent with the Plan; and (c) Stands ready to consider and take appropriate action upon proposals and measures designed to effectuate the Plan. SECTION TWELVE. The Redeveloper shall be eligible to receive ten (10) years of tax abatement pursuant to Sections 99.700 to 99.715 of the Statute, upon application as provided therein. This tax relief provision shall run with the land and inure to all successors and assigns of the Redeveloper so long as such successors or assigns shall continue to use such property in the Area in accordance with this Plan. Notwithstanding the foregoing, Redeveloper must agree to effectively waive a portion of the ten (10) year tax abatement by making payments in lieu of taxes upon such terms and under such conditions as the LCRA and the Redeveloper shall agree upon. SECTION THIRTEEN. Any proposed modification which will substantially change the Plan must be approved by the City Council in the same manner as the Plan was first approved. Modifications which will substantially change the Plan include, but are not necessarily limited to, modifications on the use of eminent domain, the length of tax abatement, the boundaries of the Area, or to other items which PAGE 4