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<br />I NTRODUCED BY <br /> <br />Mr. Sharpe, Jr. <br /> <br />DATE March 24, 2008 <br /> <br />BILL NO. 8986 <br /> <br />ORDINANCE NO. 6739 <br /> <br />AN ORDINANCE FINDING THAT A CERTAIN BLIGHTED AREA AS DEFINED IN SECTION <br />99.320 RSMO, (THE "STATUTE" BEING SECTIONS 99.300 TO 99.715 INCLUSIVE), EXISTS <br />IN THE CITY OF UNIVERSITY CITY ("CITY") AND CONTAINING A DESCRIPTION OF THE <br />BOUNDARIES OF SAID BLIGHTED AREA, ATTACHED HERETO AND INCORPORATED <br />HEREIN AS "EXHIBIT 1" KNOWN AS THE OLIVE BOULEVARD AND NORTH AND SOUTH <br />ROAD REDEVELOPMENT AREA ("AREA"); FINDING THAT REDEVELOPMENT AND <br />REHABILITATION OF THE AREA IS IN THE INTEREST OF THE PUBLIC HEALTH, SAFETY, <br />MORALS AND GENERAL WELFARE OF THE PEOPLE OF THE CITY; APPROVING THE <br />REDEVELOPMENT PLAN FOR THE OLIVE BOULEVARD AND NORTH AND SOUTH ROAD <br />REDEVELOPMENT AREA, DATED JANUARY 8, 2008, FOR THE AREA ("PLAN") <br />INCORPORATED HEREIN BY ATTACHED "EXHIBIT 2", PURSUANT TO SECTION 99.430 <br />OF THE STATUTE; FINDING THAT THERE IS A FEASIBLE FINANCIAL PLAN FOR THE <br />DEVELOPMENT OF THE AREA WHICH AFFORDS MAXIMUM OPPORTUNITY FOR <br />DEVELOPMENT OF THE AREA BY PRIVATE ENTERPRISE; FINDING THAT THE LAND <br />CLEARANCE FOR REDEVELOPMENT AUTHORITY ("LCRA") MAY ACQUIRE PROPERTIES <br />WITHIN THE AREA; FINDING THAT THE REDEVELOPER SHALL BE RESPONSIBLE FOR <br />RELOCATING ANY ELIGIBLE OCCUPANTS DISPLACED AS A RESULT OF <br />IMPELMENTAITON OF THE PLAN; FINDING THAT FINANCIAL AID MAY BE NECESSARY <br />TO ENABLE THE AREA TO BE REDEVELOPED IN ACCORDANCE WITH THE PLAN; <br />FINDING THAT THERE SHALL BE AVAILABLE AN EIGHT (8) YEAR TAX ABATEMENT; <br />FINDING THAT THE REDEVELOPER SHALL MAKE CERTAIN PAYMENTS IN LIEU OF <br />TAXES; AND PLEDGING COOPERATION OF THE CITY COUNCIL AND REQUESTING <br />VARIOUS CITY OFFICIALS, DEPARTMENTS, BOARDS AND AGENCIES OF THE CITY TO <br />COOPERATE AND TO EXERCISE THEIR RESPECTIVE POWERS IN A MANNER <br />CONSISTENT WITH THE PLAN. <br /> <br />WHEREAS, as described in the Blighting Study attached as Exhibit D to the Plan (the <br />"Blighting Study"), the Area meets the requirement of a "blighted area" as that term is defined <br />in Section 99.320(3) of the Statute by reason of predominance of defective or inadequate street <br />layout, insanitary or unsafe conditions, deterioration of site improvements, improper subdivision <br />or obsolete platting, there exist conditions which endanger life or property by fire or other <br />causes and constitutes an economic or social liability or a menace to the public health, safety, <br />morals or welfare in the present condition and use of the Area; and <br /> <br />WHEREAS, such conditions are beyond remedy and control solely by the regulatory <br />process and the exercise of the police power and cannot be dealt with effectively by ordinary <br />private enterprise without the aids provided in the Statute; and <br /> <br />WHEREAS, there is a need for the LCRA, a public body corporate and politic created <br />under Missouri law, to undertake the development of the Area as a land clearance project under <br />said Statute, pursuant to plans by or presented to the LCRA under Section 99.430.1 (4) of the <br />Statute; and <br />