Ordinance 70428

Summary

BOARD BILL NO. 197 INTRODUCED Y ALDERWOMAN MARLENE E. DAVIS AND ALDERMAN JOSEPH D. RODDY AN ORDINANCE APPROVING THE REDEVELOPMENT PLAN FOR THE ST. LOUIS MIDTOWN 353 REDEVELOPMENT AREA SUBMITTED BY ST. LOUIS MIDTOWN REDEVELOPMENT CORPORATION; CONFIRMING THE FINDING THAT THE REDEVELOPMENT AREA IS A BLIGHTED AREA THAT SHOULD BE REDEVELOPED IN THE PUBLIC INTEREST; FINDING THAT SAID REDEVELOPMENT PLAN IS IN THE PUBLIC INTEREST AND CONFORMS TO THE STRATEGIC LAND USE PLAN FOR THE CITY; 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; AND CONTAINING A SEVERABILITY CLAUSE AND AN EMERGENCY CLAUSE.

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