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a F. e OLIVE&MIDLAND URBAN RENEWAL PROJECT AREA UNIVERSITY CITY LAND CLEARANCE FOR REDEVELOPMENT AUTHORITY improvements. The LCRA may utilize condemnation authority to acquire any property in the Area, or interest therein, in accordance with Section 99.460 R.S. MO. i The City will, from time to time, submit a list of properties for acquisition and demolition to the LCRA. Acquisition and demolition of properties will be undertaken in accordance with the provisions of the LCRA Law. f The City has an interest in retaining any businesses that are relocated as a result of actions taken by the LCRA. The City will cooperate with the businesses to identify available retail or commercial space for relocation within the municipal limits, if possible. An inventory of currently available retail and commercial space along Olive Boulevard is included in Appendix C. 2. Consolidation of Property and Disposal of Property. s As the LCRA acquires property, the LCRA will make tracts of land available to developers for redevelopment. Upon completion of property assembly, the LCRA may, from time to time, advertise for redevelopment proposals for specific redevelopment sites within the overall Area and proceed with the disposition of property under the provisions of the LCRA Law. The request for redevelopment proposals shall emphasize developments that maximize the development potential of the Area and also contribute to the appearance of Olive Boulevard and promote safe pedestrian and vehicular accessibility. D.CONFORMITY WITH THE LCRA LAW z. There are several requirements that must be met before an authority may recommend a redevelopment or urban renewal plan to the governing body of a community: (1) An authority shall not acquire real property for a land clearance or urban renewal project unless the governing body of the community in which the land clearance project area or urban renewal project area is located has approved the redevelopment or urban renewal plan, as prescribed in subdivision (9) of this section. This requirement will be met should the City decide to approve this Plan or any other Plan as they are presented in the future. E (3) An authority shall not recommend a redevelopment or urban renewal plan to the governing body of the community in which the land clearance or urban renewal n project area is located until a general plan for the development of the community has been prepared. The City of University City adopted an update to their Comprehensive Plan in 2005. As previously noted, the 2005 Plan specifically identified the Area for redevelopment. Therefore, this requirement has been met. (4) The authority itself may prepare or cause to be prepared a redevelopment or urban renewal plan or any person or agency, public or private, may submit such a plan to an authority. A redevelopment or urban renewal plan shall be sufficiently complete to indicate its relationship to definite local objectives as to appropriate land 80759 10 PGAVU RBAN CO N S U LTI N G 1/08108 April 7, 2008 J-1 to 6-32