Title
Amending the redevelopment plan for the Saint Paul Neighborhood Redevelopment Project Area and approving the establishment of the 520 Payne Avenue Housing Tax Increment Financing District (The Hollows) in the Neighborhood Redevelopment Project Area and approving a tax increment financing plan therefore (District 5, Ward 7).
Body
WHEREAS, the City Council of the City of Saint Paul (the “Council”) has the statutory responsibility under Minnesota Statutes, Section 469.028, to approve redevelopment plans and projects of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the “HRA”), after public hearing thereon; and
WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the “HRA”) has heretofore established the Saint Paul Neighborhood Redevelopment Project Area (the “Project Area”), and has adopted a redevelopment plan therefor (the “Redevelopment Plan”) pursuant to Minnesota Statutes, Sections 469.001 to 469.047, as amended (the “HRA Act”); and
WHEREAS, the Redevelopment Plan contains an identification of need and statement of objectives and program of the HRA for carrying out a housing and redevelopment project, including property to be acquired, public improvements to be provided, development and redevelopment to occur, and sources of revenue to pay costs thereof; and
WHEREAS, the HRA has asked the Council to approve the Seventh Amendment to Redevelopment Plan for the Saint Paul Neighborhood Redevelopment Project Area (the “7th Amendment to Redevelopment Plan”) to enlarge the Project Area pursuant to and in accordance with the HRA Act following the holding of a public hearing upon published notice as required by law; and
WHEREAS, the Saint Paul Planning Commission, on October 29, 2021, reviewed said 7th Amendment to Redevelopment Plan, and adopted resolution #21-50 approving the same as being in conformity with the Saint Paul Comprehensive Plan and the general plan for the development and re...
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