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Resolution authorizing sale and conveyance of property located at 431 Charles, located in Frogtown Planning District 7, to Urban Homeworks Inc.
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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 Frogtown District 7 area within the Plan and the City Consolidated Five-Year Plan; and
WHEREAS, on November 19, 2008 the City Council approved by Resolution 08-1270 submittal of an amendment to the 2008 Consolidated Plan to the United States Department of Housing and Urban Development (HUD) in order to receive $4.3 million of Neighborhood Stabilization Program 1 (NSP1) funds, and on January 28, 2009 the City received a letter from HUD approving the amendment and the funding; and
WHEREAS, by Resolution No. 09-103 the City Council approved an Application to the Minnesota Housing Finance Agency and upon approval of such application the City Council approved financing for the NSP in a specified manner; and
WHEREAS, on February 6, 2013, the City Council approved by Resolution PH 13-32 an amendment to both the NSP1HUD and NSP1MHFA budgets authorizing the use of NSP1 program income; and
WHEREAS, on November 28, 2012, the HRA approved by Resolution 12-2129 the Affordable Housing Trust Fund Allocation Plan, which included authorization to fund a development gap financing program at the Twin Cities Community Land Bank (TCCLB) and established certain procedures for the sale of property in conjunction with TCCLB’s program; and
WHEREAS, the HRA has purchased, demolished, and prepared for redevelopment certain properties consistent with the aforementioned plans, including the property located at 431 Charles Avenue in Frogtown Planning District 7 “the Property”; and
WHEREAS, in February ...
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