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"Urban Redevelopment Corporation Law" set forth in Chapter 353, Revised Statutes of Missouri, 2000; and NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF UNIVERSITY CITY, AS FOLLOWS: SECTION ONE. There exists within the City of University City a certain area hereby determined, found and declared as blighted as defined by Section 353.020, Revised Statutes of Missouri, 2000, by reason of age, obsolescence, inadequate or outmoded design, or physical deterioration, the above blighted area has become an economic and social liability, by reason of which such conditions are conducive to ill health, transmission of disease, crime or inability to pay reasonable taxes; the area to be known as the Cates Avenue Redevelopment Area, and being described as follows: A tract of land located in the City of University City, Missouri, being a portion of Cates Avenue and specifically described upon Exhibit A, attached hereto and incorporated herein by this reference. SECTION TWO. The redevelopment of the Blighted Area, as provided by Chapter 353, Revised Statutes of Missouri, 2000, is hereby determined, found, and declared under said Chapter 353 to be necessary and in the public interest under Chapter 353 of the Revised Statutes of Missouri, 2000, as amended, and is further necessary and in the interest of the public health, safety, morals, and general welfare of the people of the City of University City. SECTION THREE. The sections of this ordinance shall be severable. In the event any section of this ordinance is found by a court of competent jurisdiction to be invalid, the remaining sections of this ordinance are valid, unless the court finds the valid Sections of this ordinance are so essentially and inseparably connected with, and so dependent upon, the void sections, that it cannot be presumed that the City Council would have enacted the valid sections without the void ones; or unless the court finds that the valid sections, standing alone, are incomplete and are incapable of being executed in accordance with the legislative intent. If any part of this ordinance regarding the rights of Developer are found invalid or unconstitutional, Developer shall thereafter at its election have the right to be released from any Development Agreement.