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File #: RES 11-485    Version: 1
Type: Resolution Status: Archived
In control: Housing & Redevelopment Authority
Final action:
Title: Resolution Authorizing Entering into a Development Agreement, Obligating NSP Funds and Approving Sale and Conveyance of Land to BB Housing Associates, LLC for Properties Located within ISP/NSP Neighborhoods Identified as: 1. 402 Hope Street, Dayton’s Bluff District 4 2. 947 East Minnehaha Avenue, Dayton’s Bluff District 4 3. 500 Hopkins Street, Payne-Phalen District 5 4. 765 Edgerton Street, Payne-Phalen District 5 5. 599 Reaney Avenue, Payne Phalen District 5
Sponsors: Kathy Lantry, Dave Thune
Attachments: 1. HRA Board Report - BB Housing Rental, 2. Attachment B - Picture 765 Edgerton, 3. Attachment B1- Dayton's Bluff Duplex Rehab, 4. Attachment B2 - Railroad Island Duplex Rehab, 5. Attachment C - Map 402 Hope & 947 Minnehaha, 6. Attachment C1 - Map 765 Edgrtn, 599 Reaney, & 500 Hpkins, 7. Attachment D - Project Summary, 8. Attachment E - Sources and Uses, 9. Attachment F - Public Purpose, 10. Attachment G - Dist 4 Census Facts, 11. Attachment G1 - Dist 5 Census Facts
Related files: RLH VBR 21-61
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Title
Resolution Authorizing Entering into a Development Agreement, Obligating NSP Funds and Approving Sale and Conveyance of Land to BB Housing Associates, LLC for Properties Located within ISP/NSP Neighborhoods Identified as:
1. 402 Hope Street, Dayton’s Bluff District 4
2. 947 East Minnehaha Avenue, Dayton’s Bluff District 4
3. 500 Hopkins Street, Payne-Phalen District 5
4. 765 Edgerton Street, Payne-Phalen District 5
5. 599 Reaney Avenue, Payne Phalen District 5

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, NSP funds came with extensive restrictions and an extremely short timeline to expend funds by Febr...

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