Title
Resolution Approving the Sale and Conveyance of Parcels 975 Minnehaha Avenue East and 1087 Ross Avenue under the Inspiring Communities Program, Dayton's Bluff, District 4.
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, the HRA received the property located at 975 Minnehaha Avenue East on July 15, 2009 via donation; and
WHEREAS, the HRA acquired the property located at 1087 Ross Avenue on September 2, 2005 through Ramsey County's Tax Forfeiture system (975 Minnehaha Avenue East and 1087 Ross Avenue are collectively referred to herein as "Parcels"); and
WHEREAS, the HRA proposes to transfer and convey the Parcels to The Investor Group, on the terms and conditions described in the staff report submitted to the HRA Board with this Resolution ("Proposed Sale"); and
WHEREAS, this Proposed Sale was considered by the HRA Board of Commissioners, pursuant to due notice thereof that was published in the Saint Paul Pioneer Press, after a public hearing on thi...
Click here for full text