Title
Resolution Approving the Sale of Land and Conveyance of Parcel 455 Banfil Street under the ISP Program (Smith Street Development Area), West Seventh District 9, Ward 2.
Body
WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (HRA), has duly adopted and there is now lawfully in effect in the City of Saint Paul, Minnesota, a City Wide Comprehensive/Redevelopment Plan (Plan) providing for the acquisition, clearance and resale of land for redevelopment which includes the West Seventh District 9 area within the Plan and the City Consolidated Five-Year Plan; and
WHEREAS, on August 8, 2007 the City Council approved the issuance of STAR Bonds under (Resolution 07-725) and approved overall ISP budget under (Resolution 07-726); HRA approved by Resolution 07-08/08-3 the Invest Saint Paul Program (ISP) Initiative, Work Plan and Budget; and
WHEREAS, on February 25, 2009 the HRA approved the Neighborhood Stabilization Program and Rebuilding Plan 2009-2013 under Invest Saint Paul Initiative and approved a budget amendment to carry out Programs/Plans which included the acquisition of properties in designated ISP/NSP areas; and
WHEREAS, the increased economic stress these neighborhoods are under with high vacancy and foreclosures creates an opportunity to secure strategic properties in accordance with the ISP/NSP Programs and the Strategic Acquisition Criteria that has been identified and guides the selection of properties for acquisition and addresses the issues and concerns identified by the communities through an extensive neighborhood outreach effort undertaken through the Invest Saint Paul Initiative; and
WHEREAS, the property at 455 Banfil Street was acquired under the ISP Program on January 25, 2012, the house had been vacant for more than two years and the community wanted to ensure it remained owner-occupied; and
WHEREAS, HRA is offering NSP/ISP houses through a fair and open marketing process which complies wi...
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