Title
Authorization to Enter Into A Development Agreement; Approve Financing Assistance; And Approve the Conveyance and Sale Of Land To Kendall Land Company, LLC For the Development Of Parcel 840 Payne Avenue, Payne-Phalen District 5
Body
WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota ("HRA") has duly adopted and there is now in legal effect a City-Wide Comprehensive Plan/Redevelopment Plan ("Plan") for the acquisition, demolition, rehabilitation and resale of properties and incorporates the Housing Plan which identify the Payne Phalen District 5 area as a part of this Plan; and
WHEREAS, on November 3, 2004, City Council approved the Payne-Phalen Boulevard Main Street Redevelopment Plan by Resolution 04-1059, and the HRA approved said Plan on same dated by Resolution 04-11/10-1; and
WHEREAS, the Plan talked about the need to undertake major improvements to the this new gateway area created by the construction of Phalen Boulevard to build on the new access to the neighborhood commercial street and gateway to Payne Avenue; Plan outlined the need to bring in new housing in a variety of options combined with commercial/retail services; and
WHEREAS, the neighborhood, HRA and its many partners have been successful in developing the Phalen Senior Lofts in 2007 and the start of the Whitall Town Homes, which completion has been affected by the economic down turn and also that start of new retail activities to the area; and
WHEREAS, the HRA has the power to engage in development or redevelopment activities under Chapter 469 of the Minnesota Statutes, Housing and Redevelopment Act ("Act") and by authority of said Act engages in activities relating to: 1) housing projects and development; 2) removal of prevention of the spread of conditions of blight or deteriorations; 3) bringing substandard buildings and improvements into compliance with public standards; 4) disposition of land for private development; and 5) im...
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