Board Bill Number 79 In Session 2016-2017

Summary

BOARD BILL NO. 79 INTRODUCED BY ALD. CARA SPENCER An ordinance approving a Redevelopment Plan for the 3944 Michigan Ave. ("Area") after finding that the Area is blighted as defined in Section 99.320 and Chapter 353 of the Revised Statutes of Missouri, 2000, as amended, (the "Statutes" being Sections 99.300 to 99.715 inclusive and Chapter 353), containing a description of the boundaries of said Area in the City of St. Louis ("City"), attached hereto and incorporated herein as Exhibit "A", finding that redevelopment and rehabilitation of the Area is in the interest of the public health, safety, morals and general welfare of the people of the City; approving the Plan dated May 24, 2016 for the Area ("Plan"), incorporated herein by attached Exhibit "B", pursuant to Sections 99.430 and 353.020 (4); finding that there is a feasible financial plan for the development of the Area which affords maximum opportunity for development of the Area by private enterprise; finding that no property in the Area may be acquired by the Land Clearance for Redevelopment Authority of the City of St. Louis ("LCRA") through the exercise of eminent domain; finding that the property within the Area is unoccupied, but if it should become occupied the Redeveloper shall be responsible for relocating any eligible occupants displaced as a result of implementation of the Plan; finding that financial aid may be necessary to enable the Area to be redeveloped in accordance with the Plan; finding that there shall be available ten (10) year real estate tax abatement; and pledging cooperation of the Board of Aldermen and requesting various officials, departments, boards and agencies of the City to cooperate and to exercise their respective powers in a manner consistent with the Plan.

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