Ordinance 69612

Summary

BOARD BILL NO.187 INTRODUCED BY ALDERWOMAN CHRISTINE INGRASSIA An ordinance approving a blighting study and development plan dated August 27, 2013 for the 1900-1928 Pine St. Development Area (as further defined herein, the “Plan”) after finding that said Development Area (“Area”) is a blighted, area as defined in Section 100.310(2), (11), (18) of the Revised Statutes of Missouri, 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"), attached hereto and incorporated herein as Attachment "A", finding that 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 Plan attached hereto and incorporated herein as 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”), a public body corporate and politic created under Missouri law, through the exercise of eminent domain; finding that no property within the Area is occupied, however if it should become occupied the Developer (as defined herein) shall be responsible for providing relocation assistance pursuant to the Plan to 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 developed in accordance with the Plan; finding that there shall be available up to a twenty (20) year real estate tax abatement; and pledging cooperation of this St. Louis 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; and containing a severability clause.

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