Title
Resolution Approving Sale and Conveyance of Land to City of Saint Paul for Properties Located within ISP/NSP Neighborhoods Identified Parcels 670 Rose Avenue and Parcel 676 Rose 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 area within the Plan and the City Consolidated Five-Year Plan; and
WHEREAS, on August 8, 2007, by Resolution No. 07-08/08-3 HRA approved the Invest Saint Paul Initiative including a work plan and budget covering (1) organization Support/Community Outreach; (2) Rehabilitation; (3) Mortgage Financing-incentives; (4) Strategic Acquisition; (5) Neighborhood Commercial Corridors; (6) Large Redevelopments; and (7) Supportive Housing; and
WHEREAS, on January 23, 2008, by Resolution 08-01/23-9 and on February 25, 2009, by Resolution No. 09-02/25-6 HRA authorized the Executive Director to enter into purchase agreements, accept donated property and execute all necessary documents in order to complete closings on properties to be acquired as strategic acquisitions under both ISP and NSP Programs under the ISP Initiative; and
WHEREAS, the increased economic stress these neighborhoods are under with high vacancy and foreclosures creates an opportunity to secure strategic properties in accordance with the NSP Programs and the Strategic Acquisition Criteria that has been identified and guides the selection of properties for acquisition and addresses the issues and concerns identified by the communities through an extensive neighborhood outreach effort undertaken through the Invest Saint Paul Initiative; and
WHEREAS, there were two properties located at 670 Rose and 676 Rose directly adjacent to t...
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