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<br />INTRODUCED BY: Mr. Glickert <br /> <br />DATE: August 6 <br /> <br />BILL NO.: 8948 <br /> <br />ORDINANCE NO.: <br /> <br />6', <br /> <br />AN ORDINANCE APPROVING THE DEVELOPMENT PLAI <br />SUBMITTED FOR THE REDEVELOPMENT OF THAT CERT AI" <br />TRACT OF LAND IN THE CATES AVENUE REDEVELOPMENT <br />AREA, WHICH AREA HAS BEEN FOUND TO BE BLIGHTED BY <br />THE CITY OF UNIVERSITY CITY, WHICH AREA SHOULD BE <br />REDEVELOPED AS NECESSARY AND IN THE PUBLIC <br />INTEREST, SAID TRACT BEING DESCRIBED IN EXHIBIT A; <br />AUTHORIZING THE CITY MANAGER TO ENTER INTO AN <br />AGREEMENT ON BEHALF OF THE CITY OF UNIVERSITY CITY <br />WITH THE DEVELOPER; SETTING FORTH THE TERMS AND <br />CONDITIONS OF SAID AGREEMENT; INCORPORATING BY <br />REFERENCE CHAPTER 353, REVISED STATUTES OF <br />MISSOURI 2000 AND CONTAINING A SEVERABILITY CLAUSE. <br /> <br />WHEREAS, the City Council of the City of University City has found and <br />designated the Redevelopment Area to be a blighted area within the meaning of <br />and as defined in the Urban Redevelopment Corporation Law, Section 353.020, <br />RSMo. 2000, pursuant to Ordinance No. 6703 [Bill No.8947]; and <br /> <br />WHEREAS, the Cates Avenue Redevelopment Corporation did submit a <br />Development Plan (the "Plan") for the redevelopment of the Cates Avenue <br />Redevelopment Area, such redevelopment area being described within Exhibit <br />A hereto, and referred to in hereinafter as "Redevelopment Area"; and <br /> <br />WHEREAS, the Cates Avenue Redevelopment Corporation (hereinafter <br />"Developer") is an urban redevelopment corporation formed and existing under <br />Chapter 353, RSMo. 2000, having been incorporated on April 17, 2007; and <br /> <br />WHEREAS, a general plan has been prepared and is recognized and <br />used as a guide for the general development of the City and the Plan conforms to <br />said general plan; and <br /> <br />WHEREAS, the City Council finds that the redevelopment of the <br />Redevelopment Area by Developer in accordance with its Development Plan <br />(hereinafter "Development Plan") is necessary, in the public interest, and serves <br />a public purpose; and <br /> <br />WHEREAS, the City Council finds that the Developer has complied with <br />all the requirements imposed upon it by Chapter 353, RSMo. 2000; and <br />