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6800
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Last modified
1/4/2010 3:32:34 PM
Creation date
11/5/2014 12:26:02 PM
Metadata
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City Ordinances
Passed
12/7/2009
Ordinance Number
6800
Bill Number
9055
Introdate
11/16/2009
Description
Approval of redevelopment agreement Kingsland Walk
Introduced By
Mr. Crow
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<br /> <br /> <br /> <br /> <br /> <br /> INTRODUCED BY Mr. Crow DATE: November 16, 2009 <br /> <br /> <br /> BILL NO. 9055 ORDINANCE NO. 6800 <br /> <br /> <br /> AN ORDINANCE APPROVING A REDEVELOPMENT AGREEMENT IN <br /> CONNECTION WITH THE KINGSLAND WALK REDEVELOPMENT <br /> PLAN & PROJECT. <br /> <br /> WHEREAS, the City has approved the Kingsland Walk Redevelopment Plan & Project (the <br /> "Plan") pursuant to the Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865 of the <br /> Revised Statutes of Missouri, as amended; and <br /> <br /> WHEREAS, the City desires to enter into a redevelopment agreement with Metropolitan <br /> Development-Kingsland Walk, LLC (the "Developer") with regard to the redevelopment of the <br /> Redevelopment Area described in the Plan; <br /> <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF <br /> UNIVERSITY CITY, MISSOURI, AS FOLLOWS: <br /> Section 1: The City Council finds and determines that it is necessary and desirable to enter <br /> into an agreement with the Developer to implement the Plan and the redevelopment projects described <br /> therein. The Mayor is hereby authorized and directed to execute, on behalf of the City, the <br /> Redevelopment Agreement between the City and the Developer, and the City Clerk is hereby authorized <br /> and directed to attest to the Redevelopment Agreement and to affix the seal of the City thereto. The <br /> Redevelopment Agreement shall be in substantially the form attached hereto as Exhibit A, which <br /> Redevelopment Agreement is hereby approved by the City Council, with such changes therein as shall be <br /> approved by the officers of the City executing the same. <br /> Section 2: The officers, agents and employees of the City are hereby authorized and <br /> directed to execute all documents and take such steps as they deem necessary and advisable in order to <br /> carry out and perform the purpose of this Ordinance. <br /> <br /> Section 3: The sections of this Ordinance shall be severable. If any section of this <br /> Ordinance is found by a court of competent jurisdiction to be invalid, the remaining sections shall remain <br /> valid, unless the court finds that: (i) the valid sections are so essential to and inseparably connected with <br /> and dependent upon the void section that it cannot be presumed that the City Council has or would have <br /> enacted the valid sections without the void ones; and (ii) the valid sections, standing alone, are incomplete <br /> and are incapable of being executed in accordance with the legislative intent. <br /> Section 4: This Ordinance shall be in full force and effect from and after the date of its <br /> passage by the City Council and approval by the Mayor; provided, if the Developer has not executed the <br /> Redevelopment Agreement within 15 days after such date, all rights conferred by this Ordinance on the <br /> Developer shall terminate and the City may designate another entity as developer of the Redevelopment <br /> Area. <br />
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