Missouri Laws 353.170 – City may acquire, clear, convey or lease property for use in redevelopment ..
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Any city subject to this chapter shall have power:
(1) To acquire by the exercise of the power of eminent domain, or otherwise, an area designated on a master plan under the authority of the legislative authority of the city as a redevelopment area;
Terms Used In Missouri Laws 353.170
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: includes real and personal property. See Missouri Laws 1.020
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(2) To clear any such real property and install, construct, and reconstruct streets, utilities and any and all other city improvements necessary for the preparation of such area for use in accordance with the provisions of this chapter; and
(3) To sell or lease such real property for use in accordance with the provisions of this chapter.