6462 - Laserfiche WebLink

Home Browse Search

An Existing Uses Map depicting the boundaries, present uses, and condition of the Area and of the Adjacent Developer Property is attached hereto as Exhibit B and incorporated herein (the "Existing Uses Map") A Proposed Uses Map is attached hereto as Exhibit C and incorporated herein (the "Proposed Uses Map"). 2. GENERAL CONDITION AND PRESENT LAND USE OF THE AREA The Area currently contains two (2) buildings: a manufacturing facility and a finishing plant (the "Existing Facilities"). The Existing Facilities collectively are approximately 74,000 square feet in size. The Adjacent Developer Property also houses manufacturing facilities and the general and administrative offices of the Developer and its affiliates. The Developer or an affiliate of the Developer currently employs 174 individuals in connection with the operations within the Area and the Adjacent Developer Property. The Existing Facilities house the manufacturing, assembly and finishing of windows and related products of the Developer and its affiliates. 3. PRESENT LANDUSE OF SURROUNDING PROPERTIES The properties surrounding the Area are primarily used for industrial and commercial purposes. 4. CURRENT ZONING The Area is zoned as an Industrial Commercial District ("lC") pursuant to Chapter 34 of the University City Municipal Code, as amended ("Zoning Code"), which is, hereby, incorporated into this Plan by reference. 5. OWNERSHIP The Area and Existing Facilities (the "Property") are presently owned by the Developer. 6. PRIOR REDEVELOPMENT AGREEMENTS AND TAX ABATEMENTS The Existing Facilities were previously subject to a separate redevelopment agreement between the Developer and the Land Clearance for Redevelopment Authority of University City, Missouri (the "LCRA"). The agreement, relating to a project located within the Area (the "1984 Project"), is dated as of October 31, 1984 (the "Prior Redevelopment Agreement") and recorded in Book 7702, Page 55 of the St. Louis County Records. The Prior Redevelopment Agreement granted tax abatement to the Developer for general ad valorem property taxes imposed by the County of St. Louis, State of Missouri or any political subdivision thereof within the Area (the "1984 Tax Abatement"). The 1984 Tax Abatement was structured at one hundred percent (100%) tax abatement for the first ten (10) years ar~.d fifty percent (50%) tax abatement for the next fifteen (15) years. The 1984 Tax Abatement is