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NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY AS FOLLOWS: SECTION ONE. The Area is a "blighted area," as defined by Section 99.320 of the Statute. SECTION TWO. The redevelopment of the Area, as provided by the Statute, is necessary and in the public interest, and is in the interest of the public health, safety, morals and general welfare of the people of the City. SECTION THREE. The Area qualifies as an area in need of redevelopment under the Statute. SECTION FOUR. The Plan for the Area, including the Blighting Study for the Area attached as Exhibit D thereto (the "Blighting Study") having been duly reviewed and considered, is hereby approved and incorporated herein by reference, and the Clerk of this City Council is hereby directed to file a copy of said Plan with the Minutes of this meeting. SECTION FIVE. The Plan for the Area is feasible and conforms to the general plan for the City. SECTION SIX. The tax abatement provided and to be provided for financial assistance pertaining to the Area is necessary to enable the redevelopment activities to be undertaken in accordance with the Plan for the Area. The Plan is feasible and conforms to the general plan for the City. SECTION SEVEN. The Plan for the Area will afford maximum opportunity, consistent with the sound needs of the City as a whole, for the redevelopment of the Area by private enterprise, and private developments to be sought pursuant to the requirements of the Statute. SECTION EIGHT. The Plan for the Area provides that the LCRA may not acquire any property in the Area by the exercise of eminent domain. SECTION NINE. The party or parties selected by the LCRA to implement the Plan (the "Redeveloper") shall comply with all applicable federal, state and local laws, ordinances, regulations, and policies related to the relocation of individuals. SECTION TEN. The Plan for the Area gives due consideration to the provision of adequate public facilities. PAGE 3