Title
Approving the use of grant funds through the Neighborhood STAR Year-Round Program for acquisition of 629 Whitall Street.
Body
WHEREAS, on January 11, 2017, the Neighborhood STAR Board reviewed a proposal for STAR financing to assist the Saint Paul Housing and Redevelopment Authority with the purchase of 629 Whitall Street; and
WHEREAS, this parcel of land will be combined with neighboring HRA properties to prepare for new, private development; and
WHEREAS, the Neighborhood STAR Board rated this project a 1.27 on a scale from 1 (low) to 5 (high); and
WHEREAS, it is the intent of the Mayor and the Saint Paul City Council to participate in the financing of these activities by providing up to $75,000 in grant financing through the Ward 6 Neighborhood STAR Year-Round Program; and
WHEREAS, due to the substantial community significance of this purchase, a waiver to Neighborhood STAR Program Guidelines prohibiting quasi-governmental entities from participating without a community partner, disallowing the duplication of an existing city program, limiting STAR dollars for acquisition costs to 20 percent and the requirement of a dollar for dollar match with private resources is being recommended; now be it
RESOLVED, upon the recommendation of the Mayor, the Council of the City of Saint Paul hereby authorizes and directs the appropriate City officials to execute the necessary grant documents to implement this Resolution, subject to approval by the City Attorney; and be it
FINALLY RESOLVED, staff of the Department of Planning and Economic Development are further authorized and directed to proceed with all other actions necessary to execute this.