Redevelopment plan for 5240 Oakland
BOARD BILL NO. 298 INTRODUCED BY ALDERMAN JOSEPH RODDY An ordinance approving a blighting study and redevelopment plan dated October 28, 2008 for the 5240 Oakland Avenue Redevelopment Area ("Plan") after finding that said Redevelopment Area (“Area”) is blighted as defined in Section 99.320 of the Revised Statutes of Missouri, 2000, as amended (the "Statute" being Sections 99.300 to 99.715 inclusive, as amended); 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 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 attached hereto and incorporated herein as Attachment "B", pursuant to Section 99.430; 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 (“LCRA”) of the City of St. Louis, a public body corporate and politic created under Missouri law, through the exercise of eminent domain; finding that all of the property within the Area is occupied, and 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 not be available 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.
Board Bill Number: 298
Sponsor: Joseph D Roddy
Committee: Housing, Urban Development and Zoning