Title
Approval and Authorization to Set Aside Funds for 940 Selby Avenue Taxes/Assessments and Holding Costs, District 8, Ward 1
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 approved the acquisition of the property at 940 Selby Avenue ("Property") in its December 26, 2012 resolution 12-2355; and
WHEREAS, it was subsequently determined that there are delinquent taxes/assessments on the Property and there will be holding costs, both of which need an approved budget to fund,
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota, that:
1. The HRA Board hereby approves the expenditure and designation of funds for payment of taxes/assessments and holding costs of the Property.
2. The HRA budget is hereby amended and approved as detailed in Attachment A.
3. The HRA Executive Director, staff and legal counsel are authorized and directed to take all actions needed to implement this Resolution.