Title
Resolution authorizing a partial waiver of the Sustainable Building Ordinance and approving additional financing for the projects at 947 Sylvan Street and 964 Woodbridge Street, District 6, Wards 1 and 5
Body
WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the “HRA”) is a public body corporate and politic established pursuant to the provisions of Minnesota Statutes, Section 469.001, et seq. (the “Act”); and
WHEREAS, the HRA has the power to engage in development or redevelopment activities under Minnesota law and the HRA is authorized to engage in activities relating to (a) housing projects and development, (b) removal and prevention of the spread of conditions of blight or deterioration, (c) bringing substandard buildings and improvements into compliance with public standards, (d) disposition of land for private redevelopment, and (e) improving the tax base and the financial stability of the community, and to engage in the aforementioned activities when these needs cannot be met through reliance solely upon private initiative and which can also be undertaken in targeted neighborhoods; and is authorized to create redevelopment projects as defined in Minnesota Statutes, Section 469.002, Subdivision 14; and
WHEREAS, the HRA owns vacant land with addresses of 947 Sylvan Street and 964 Woodbridge Street (the “Properties,” each a “Property”), which are included in its Inspiring Communities Program (“Program”); and
WHEREAS, on October 9, 2013, by Resolution 13-1592, the HRA Board accepted and approved key terms of the Program, which included a maximum gross subsidy cap per unit of $150,000 (the “Cap”); and
WHEREAS, on July 13, 2016, by Resolution 16-1190, the HRA Board accepted and approved a change to the Cap, increasing it from $150,000 to $175,000 (for properties in Wards 1, 2, 5, 6 and 7); and
WHEREAS, on February 27, 2019, by Resolution 19-59, the HRA Board approved the conveyance of the Properties to and en...
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