Ordinance 66985

Summary

An ordinance approving the Development Plan for the CORTEX West Redevelopment Area submitted by the CORTEX West Redevelopment Corporation (hereinafter referred to as the “Development”); confirming the finding that the area is a blighted area which should be redeveloped in the public interest; finding that said Development Plan is in the public interest and conforms to the general plan for the City; granting a certificate of public convenience and necessity to said Developer to exercise the power of eminent domain; providing for tax abatement; authorizing the Mayor to enter into an agreement on behalf of the City of St. Louis with the Developer; setting forth the terms and conditions of said agreement; incorporating by reference Chapter 353, Revised Statutes of Missouri, 2000, as amended and Chapter 11.06 of the Revised Code of the City of St. Louis, as amended; and containing a severability clause.

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