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i 2 e SECTION FOUR. Tax Abatement. On application, the developer shall be eligible to receive ten (10) years real property tax abatement pursuant to Sections 99.700 to 99.715 of the LCRA Law. SECTION FIVE. Plan Modifications. Any proposed modification which will substantially change the Plan must be approved by the City Council in the same manner as the Plan was first approved. Modifications that will substantially change the Plan include, but are not necessarily limited to, modifications on the use of eminent domain, the length of tax abatement, the boundaries of the Area, or any other items which alter the nature or intent of the Plan. The Plan may be otherwise modified (e.g., urban design regulations, development schedule) by the LCRA with consent of the Redeveloper. s SECTION SIX. Severability. The sections of this Ordinance shall be severable. In the event that 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 the Ordinance are so essential and inseparably connected with and dependent upon the void section that it cannot be presumed that this 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. SECTION SEVEN. Effective Date. This Ordinance shall take effect and be in force from and after its passage as provided by law. PASSED this 27'h day of February, 2012. x Mayor ATTEST: i lerk f 1 t CERTIFIED TO BE CORRECT AS TO FORM: City Attorney