Board Bill Number 77 In Session 2008-2009

Summary

BOARD BILL NO. 77 INTRODUCED BY ALDERMAN DIONNE FLOWERS An ordinance approving a development plan for the 6201-59 N. Broadway St. and 800-880 E. Taylor Ave.Area ("Area") finding that the Area is blighted, insanitary, undeveloped industrial area, as defined in Section 100.310(2), (11), (18) of the Revised Statutes of Missouri, 2000, as amended, (the "Statute" being Sections 100.300 to 100.620 inclusive), containing a description of the boundaries of the Area in the City of St. Louis ("City") and attached hereto and incorporated herein as Attachment "A", finding that industrial development 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 Blighting Study and Plan dated March 25, 2008, for the Area ("Plan")", incorporated herein by Attachment "B"; 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 Planned Industrial Expansion Authority of the City of St. Louis ("PIEA") through the exercise of eminent domain; finding that the property in the Area is unoccupied, but if it should become occupied, the Developer 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 up to ten (10) year tax abatement; and pledging cooperation of the Board of Aldermen ("Board") 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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