Title
Resolution Authorizing the Designation of Phoenix Development Company of Minneapolis, LLC as the Tentative Developer for the Properties Located at 782 - 805 Rice Street, 129 Sycamore and 119 Lyton Place, Saint Paul, MN, District 6, 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 the power to engage in development or redevelopment activities under Minnesota law and the HRA is authorized to engage in activities relating to (a) housing projects and development, (b) removal and prevention of the spread of conditions of blight or deterioration, (c) bringing substandard buildings and improvements into compliance with public standards, (d) disposition of land for private redevelopment, and (e) improving the tax base and the financial stability of the community, and to engage in the aforementioned activities when these needs cannot be met through reliance solely upon private initiative and which can also be undertaken in targeted neighborhoods; and is authorized to create redevelopment projects as defined in Minn Stat Section 469.002, Subd. 14; and
WHEREAS, HRA staff received a proposal for redevelopment of a HRA-owned vacant site at 782 - 805 Rice Street, 129 Sycamore and 119 Lyton Place, Saint Paul, MN (collectively, the “Property”), from Phoenix Development Company of Minneapolis, LLC; and
WHEREAS, according to the HRA’s disposition policy, HRA staff posted a request for proposals on the City of Saint Paul’s web page; and
WHEREAS, no further proposals were received by HRA staff in the 45 days after posting the request; and
WHEREAS, after reviewing the submitted proposal, staff recommends accepting the proposal from Phoenix Development Company of Minneapolis, LLC to construct a 41-unit multifamily apartment building with 58 off-...
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