Title
Resolution Approving the Establishment of the Schmidt Brewery Redevelopment Project Area and the Schmidt Brewery Tax Increment Financing District and the Adoption of a Redevelopment Plan and Tax Increment Financing Plan, District 9
Body
WHEREAS, there has been submitted to and considered at this meeting of the Board of Commissioners of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota ("Authority") a Redevelopment Plan (the "Redevelopment Plan") for the Schmidt Brewery Redevelopment Project Area (the "Redevelopment Project Area"); and
WHEREAS, the proposed Redevelopment Plan identifies conditions existing in the proposed Redevelopment Project Area, contains a statement of purpose and objectives, land uses and standards for development for carrying out a redevelopment project, and lists the redevelopment activities and techniques to be employed in carrying out these objectives, including provision for the elimination of conditions of blight and deterioration existing in identified neighborhood areas by private development and construction or rehabilitation of real property for housing with provision of off-street parking, new streets or other public improvements serving such areas; and
WHEREAS, the Saint Paul Planning Commission has reviewed the Redevelopment Plan for the Redevelopment Project Area and approved the same as being in the conformity with the Saint Paul Comprehensive Plan, the general plan for the development and redevelopment of the City as a whole; and
WHEREAS, the Redevelopment Plan will assist in the redevelopment of blighted, substandard and deteriorated or deteriorating areas as new low and moderate income housing resulting in the revitalization of neighborhood areas, will assist in the provision of off-street parking facilities to alleviate conditions of traffic congestion, street parking proliferation and air pollution, will preserve and enhance the tax base available to finance municipal services...
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