Board Bill Number 514 In Session 2007-2008

Summary

BOARD BILL #514 INTRODUCED BY ALDERWOMAN PHYLLIS YOUNG AN ORDINANCE APPROVING AN AMENDMENT TO A REDEVELOPMENT PLAN APPROVED BY ORDINANCE NO. 66979 FOR THE 620 MARKET STREET AREA (THE "AREA") AFTER RECEIVING THE WRITTEN RECOMMENDATIONS OF THE LAND CLEARANCE FOR REDEVELOPMENT AUTHORITY OF THE CITY OF ST. LOUIS (THE "LCRA") AND THE PLANNING COMMISSION OF THE CITY OF ST. LOUIS ("PLANNING COMMISSION"); FINDING THAT REDEVELOPMENT OF THE AREA IN ACCORDANCE WITH THE AMENDMENT IS IN THE INTEREST OF THE PUBLIC HEALTH, SAFETY, MORALS AND GENERAL WELFARE OF THE PEOPLE OF THE CITY; APPROVING THE AMENDMENT PURSUANT TO SECTION 99.430 OF THE LAND CLEARANCE FOR REDEVELOPMENT AUTHORITY LAW (THE "ACT"); FINDING THAT THE PLAN IS FEASIBLE; FINDING THAT THE PLAN IS IN CONFORMITY WITH THE GENERAL PLAN FOR THE DEVELOPMENT OF THE COMMUNITY AS A WHOLE; FINDING THAT THERE SHALL BE AVAILABLE UP TO THIRTEEN (13) YEARS OF REAL ESTATE TAX ABATEMENT; 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; AND CONTANING A SEVERABILITY CLAUSE.

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