Title
Approving the Establishment of the Grand and Victoria Redevelopment Project Area and the Grand and Victoria Tax Increment Financing District (a Redevelopment District) and Approving the Adoption of a Redevelopment Plan and Tax Increment Financing Plan Therefor and the use of a Project Labor Agreement.
Body
WHEREAS, the City Council of the City of Saint Paul, Minnesota (the “City 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, Minnesota Statutes section 469.175 requires that before a county auditor may certify a tax increment financing district created under Minnesota Statutes section 469.174 to 469.1794 (the “TIF Act”), the governing body of the municipality must approve the tax increment financing plan after a public hearing thereon; and
WHEREAS, the HRA proposes to establish the Grand and Victoria Redevelopment Project Area (the “Project Area”), and has submitted to the City Council a redevelopment plan (the “Redevelopment Plan”) therefor; and
WHEREAS, the proposed Redevelopment Plan identifies conditions existing in the proposed Project Area, contains an identification of need and 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 substandardness, blight and deterioration existing in identified neighborhood areas by private development and construction or rehabilitation of real property for housing with provision of public parking and other public improvements to be provided, development and redevelopment to occur, and sources of revenue to pay redevelopment costs within the Project Area; and
WHEREAS, the City of S...
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