Title
Resolution Approving Sale and Conveyance of Parcel 652 Conway Street to Dayton's Bluff Neighborhood Housing Services, Inc. Located within ISP/NSP Neighborhood, Dayton's Bluff District 4
Body
WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (HRA), has duly adopted and there is now lawfully in effect in the City of Saint Paul, Minnesota, a City Wide Comprehensive/Redevelopment Plan (Plan) providing for the acquisition, clearance and resale of land for redevelopment which includes Dayton's Bluff District 4 and Payne-Phalen District 5 areas within the Plan and the City Consolidated Five-Year Plan; and
WHEREAS, on November 19, 2008 the City Council approved by Resolution 08-1270 the NSP plan and its submission to HUD for $4.3 million in funding and on January 28, 2009 the City received a letter from HUD approving the NSP Plan and funding; and
WHEREAS, on January 28, 2009, the City Council approved by Resolution 09-103 the NSP plan and its submission to Minnesota Housing for $6.3 million in funding and it was approved February 23, 2009; and
WHEREAS, on February 25, 2009 the HRA approved the Neighborhood Stabilization Program and Rebuilding Plan 2009-2013 under Invest Saint Paul Initiative and approved a budget amendment to carry out Programs/Plans which included the acquisition of properties in designated ISP/NSP areas; and
WHEREAS, on March 24, 2010, by Resolution 10-3/24-3 the HRA accepted and approved the budget for NSP 2 funds ($18.0 million) to continue to carry out activities under the NSP Rebuilding Plan 2009-2013; and
WHEREAS, on February 23, 2011, by Resolution 11-387 and on April 20, 2011, by Resolution 11-623 the City Council accepted and approved budget for NSP 3 funds ($3.1 million) to continue to carry out activities under the NSP Rebuilding Plan 2009-2013; and
WHEREAS, NSP regulations required that 25% of the $31.0 million ($7,750,000) be used to develop housing for families at or below 50% of area median income; and
WHEREAS, the Parcel at 652 Conway Street was reviewed in combination with the District Council when being considered for strategic acquisition under ISP activities; and
WHEREAS, said proposal, pursuant to due notice thereof was published in the Saint Paul Pioneer Press on March 31, 2012, and a public hearing on said proposals and proposed sales and provisions thereof, was held on Wednesday, April 11, 2012 at 2:00 p.m., Central Daylight Time, third floor City Hall, 15 West Kellogg Boulevard, in the City of Saint Paul, Minnesota; and
NOW, THEREFORE, BE IT RESOLVED by the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota as follows:
1. That Dayton's Bluff Neighborhood Housing Services, Inc., a Minnesota non-profit corporation will proceed to finalize all specifications for rehabilitation, complete the bidding requirements for contract work meeting all the compliance requirements and comply with all other NSP and City /HRA requirements as they move forward with the purchase of Parcels all located within Invest Saint Paul/NSP Activity areas and hereby conform to the objectives and specific requirements of the Neighborhood Stabilization Program under the Invest Saint Paul Initiative and meet the intended reuse as identified in the City Wide Comprehensive Plan and Consolidated Plan, legally described as:
Parcel 652 Conway Street
Lot 10 and the Northerly 8 feet of Lot 19, Stinson's Rearrangement of Block 45 of Lyman
Dayton's Addition to St. Paul, Ramsey County, Minnesota. ALSO All of Lot 19, Stinson's
Rearrangement of Block 45, Lyman Dayton's Addition to St. Paul, Ramsey County,
Minnesota, except the Northerly 8 feet thereof, which lies Northeasterly of Line 1
described below: Line 1: Beginning at a point on the Southeasterly line of said Lot 19,
distant 10 feet Southwesterly of the most Easterly corner thereof; thence run
Northwesterly to a point on the Southeasterly line of the Northerly 8 feet of said Lot 19,
distant 25 feet Southeasterly of the most Easterly corner thereof and there terminating.
Together with an easement over the Westerly 4 feet of the Southerly 81 feet of Lot 20,
Stinson's Rearrangement of Block 45 of Lyman Dayton's Addition to St. Paul and also
over the Westerly 9 feet of the Southerly 35 feet of the Northerly 43 feet of said Lot 20 in
said addition for purposes of a driveway.
further identified as the "Parcel".
2. That the method of disposition of said Parcel is in accordance with the Neighborhood Stabilization Program and Rebuilding Plan 2009-2013 under the Invest Saint Paul Initiative, City Wide Redevelopment Plan and Consolidated Plan and is the appropriate method of making said Parcel available for redevelopment.
3. That the sum of One Hundred Sixty-Five Thousand Dollars ($165,000.00) for the Parcel represents the purchase price as paid from CDBG funds and is satisfactory in accordance with Sec. 469.032 and the Neighborhood Stabilization Program requirements and use and restrictions are in conformance with the City Wide Redevelopment Plan and Consolidated Plan.
4. That HRA hereby obligates $562,000.00 of NSP funds for the rehabilitation of the Parcel to provide affordable housing at or below 50% of the area median income and hereby conform to the objectives and specific requirements of the Neighborhood Stabilization Program and meet the intended reuse of the Parcel under the Program.
5. That Dayton's Bluff Neighborhood Housing Services, Inc. has the apparent qualifications and financial resources to acquire said Parcel in accordance with the Neighborhood Stabilization Program and Rebuilding Plan 2009-2013 under the Invest Saint Paul Initiative.
6. That the proposed disposal transaction by and between HRA and Dayton's Bluff Neighborhood Housing Services, Inc. is satisfactory in form and complies with the requirements of state and federal law for all Parcels.
7. That $767,000.00 ($165,000 CDBG) and ($562,000 NSP) funds that have been expended/obligated for acquisition, rehabilitation and contingency/reserve and will be used to complete the development of Parcel as approved by HRA and will be secured with a Mortgage and Note against the property according to the terms and conditions outlined in the HRA Board Report accompanying this Resolution.
8. That the execution and delivery of said Development, Loan and Grant Agreement between Dayton's Bluff Neighborhood Housing Services, Inc. and HRA for Parcel is hereby authorized by the Board of Commissioners to be executed on its behalf by the Chairperson or his/her designated Commissioner, the Executive Director of the HRA or Acting Executive Director, and the Director, Office of Financial Services of the City of Saint Paul.
9. That the execution and delivery of Deed of Conveyance of Parcel is in accordance with said Development Agreement and will include occupancy and use of the property only as a duplex within the deed restriction, and is hereby authorized by the Board of Commissioners, to be executed on its behalf by the Chairperson or his or her designated Commissioner of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota.
10. That upon satisfactory completion of the improvements, and other obligations, in accordance with the terms of said Development Agreement, the execution and delivery of the Certificate of Completion to Dayton's Bluff Neighborhood Housing Services, Inc. is hereby authorized by the Board of Commissioner to be executed on behalf by the Chairperson or his or her designated Commissioner of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota subject to all the remaining conditions/restrictions required with the use of NSP and CDBG funds.
11. That the Executive Director of the HRA is hereby authorized to negotiate and agree to
any amendments, deletions or revisions to the Development Agreement which do not substantially change the rights or obligations of the HRA or Developer under the Development Agreement and further continues to comply with all NSP requirements and take such further action necessary to implement this Resolution.