Ordinance 70316

Redevelopment plan for 705 Olive

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BOARD BILL NO. 28 INTRODUCED BY ALDERMAN JOHN COATAR An ordinance approving a blighting study and redevelopment plan dated February 23, 2016 for the 705 Olive St. Redevelopment Area (as further defined herein, the “Plan”) after finding that said Redevelopment Area (“Area”) is blighted as defined in Section 99.320 of the Revised Statutes of Missouri, as amended (the "Statute" being Sections 99.300 to 99.715 RSMo 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 RSMo, as amended; finding that there is a feasible financial plan for the redevelopment of the Area which affords maximum opportunity for redevelopment of the Area by private enterprise; finding that no property in the Area may be acquired by the Land Clearance for Redevelopment Authority of the City of St. Louis (“LCRA”), a public body corporate and politic created under Missouri law, through the exercise of eminent domain; finding that the property within the Area is partially occupied, and the Redeveloper(s) (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 redeveloped 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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Legislative History

Session: 2016-2017
Board Bill Number: 28
Primary Sponsor: Jack Coatar
Co-Sponsors:
Committee: Housing, Urban Development and Zoning
First Reading: 04/29/2016
Second Reading: 06/24/2016
Perfection: 06/30/2016
Third Reading: 06/30/2016
Effective Date: 08/14/2016

Topics

See more ordinance tags as Land Acquisition, Reutilization, and Development

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