Land Clearance for Redevelopment Authority (LCRA)
Although it is not necessarily a financial tool, it is a means of assisting in addressing blight or unsanitary conditions with the community. The tool is authorized under Section 99.300-99.715 of the Missouri Statutes. It is intended for use to curb blight and encourage the redevelopment of real property. The provisions of the LCRA law must be approved by a majority vote in any community with a population less than 75,000. The authority must be approved, either by resolution or ordinance, by the governing body of the community. The Authority must be based on tow findings: that one or more “blighted” or “unsanitary” areas exist within the community and that redevelopment of such area is necessary in the interest of public health, safety, morals or welfare of the residents of the community. At this time, the City of Nixa does not have a LCRA in place.
Following an election, the authority would have the power to acquire property deemed necessary or incidental to an urban renewal or redevelopment project and dispose of both real and personal property by purchase, lease, eminent domain, grant, bequest, devise or gift. The authority may also make improvements, including roads, streets, and public utilities.