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NOW, THEREFORE, the LCRA and City Council hereby amend the Plan as follows: 1. Population Density. The first sentence of Section B.13 of the Plan is hereby deleted, with the following language inserted in lieu thereof: "Upon completion, the Area shall contain approximately 237 units, depending on final designs of the Developer based on unit configurations and construction and design considerations. Construction shall occur in two (2) phases, with approximately 92 units being constructed in the first phase ("Phase 1"), and approximately 145 units being constructed in the second phase ("Phase 2")." 2. Proposed Schedule of Development. Section C of the Plan is hereby deleted in its entirety, with the following language inserted in lieu thereof: "Implementation of this Plan shall take place in two phases. Redevelopment and improvement of Phase 1 shall commence within two months from the date of the enactment of the Ordinance approving the Plan, as amended, and shall be completed by the end of calendar year 2004. Redevelopment and improvement of Phase 2 shall be commenced by February 1, 2005, and shall be completed by the end of calendar year 2006. The LCRA may alter the above schedule as economic or other conditions warrant." o Tax Abatement. Subsection F.1 of the Plan is hereby deleted in its entirety, with the following language inserted in lieu thereof: "1. TAX ABATEMENT APPLICATION AUTHORIZED. The Developer shall be afforded ten (10) years of tax abatement from the City and the LCRA pursuant to Sections 99.700-99.715 RSMo, upon application as provided therein; provided, however, Developer submits a separate application for such Phase 1 and Phase 2, upon substantial completion of each respective phase. Developer shall be entitled to ten (10) years of tax abatement on the improvements to real property for each phase, as and when each phase is substantially completed. This Plan anticipates that tax abatement for Phase 1 and Phase 2 shall commence in different years, in accordance with Section C of the Plan. C:\Leisha's FilesXORDINANC\Amendment to Delmar Delcrest Redevelopment Plan-Mansions on the Plaza(v3).DOC