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INTRODUCED BY: Mr. Glickert DATE: March 12, 2012 BILL NO. 9155 ORDINANCE NO. 6888 AN ORDINANCE APPROVING A REDEVELOPMENT CONTRACT BETWEEN THE CITY'S LAND CLEARANCE FOR REDEVELOPMENT AUTHORITY AND HABITAT FOR HUMANITY ST. LOUIS AND AUTHORIZING THE TRANSFER OF PROPERTY FOR SAID REDEVELOPMENT, ALL AS PROVIDED HEREIN. WHEREAS, in 2008, the City acquired five vacant residential lots at minimal cost from the St. Louis County Trustee, specifically located at 6600 and 6630 Crest Avenue and 6621, 6637, and 6649 Bartmer Avenue (the "Property"), all of which are located in the 6600 block of the Bartmer and Crest Redevelopment Area; and 1 WHEREAS, thereafter the City attempted to redevelop the Property as single-family residential, to LEED-certified standards, through a public-private partnership, and although the City received one bid in response to a request for proposals, the bidder was not able to obtain financing and the effort failed; and WHEREAS, the effort to develop the Property to LEED certified residential continued through the City's Land Clearance for Redevelopment Authority (the "LCRA"), duly formed by the City pursuant to Sections 99.300 RSMo.et seq. (the "LCRA Act"): and WHEREAS, on June 30, 2011 the LCRA found the Property to be located in a blighted area, being the Bartmer and Crest Redevelopment Area, and the Council of University City so declared the same by ordinance on September 12, 2011; and WHEREAS, on December 22, 2011, and in accord with the LCRA Act,the Authority issued its request for proposals for a redevelopment contract for the residential redevelopment of the Property to LEED-certified standards, and Habitat for Humanity St. Louis (the i "Developer")responded by submitting the attached Exhibit A, incorporated by reference (the ' "Contract"); and i WHEREAS, at its meeting of January 17, 2012, the LCRA considered and approved the Contract, in substantial conformity with Exhibit A, and authorized its Executive Director to so notify the City Council, all as provided in the attachedExhibit B; and WHEREAS, for the LCRA to execute the contract and proceed with the redevelopment of the Property, the Council must approve the Contract and authorize the transfer of the Property to the Developer under the terms and conditions establishedtherein; € NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF UNIVERSITY CITY, MISSOURI,AS FOLLOWS: Section 1. The City Council herebyfinds and declares as follows: x Page 1 of 3 i