Title
Resolution Approving and Authorizing (1) Obligation of $120,000 of NSP funds to Habitat for Humanity and (2) Obligation of $120,000 of NSP funds to Sherman Associates, Inc., District 5, Ward 6.
Body
WHEREAS, the Phalen Corridor Development Strategy was adopted by the City Council on April 4, 2001; and
WHEREAS, on December 11, 2002 the HRA approved a Request for Qualifications (RFQ) for the Payne/Phalen Boulevard Middle Corridor Section to identify a potential qualified party/developers willing to work on feasible development opportunities; and
WHEREAS, on May 14, 2003 HRA approved Sherman Associates, Inc. as the preferred developer to work with PED staff and the community; and
WHEREAS, on May 26, 2004, HRA approved entering into a Master Development Agreement with Sherman Associates, Inc. for development of all four phases of the Payne-Phalen Boulevard Main Street Redevelopment Plan; and
WHEREAS, the City Council approved the Payne-Phalen Boulevard Main Street Redevelopment Plan on November 3, 2004, and subsequently the HRA approved said plan on November 10, 2004 for redevelopment activities and approved the First Amendment to assign Phase I of the Master Development to Phalen Senior Lofts, LLC for construction of a 73 unit senior complex; and
WHEREAS, on April 13, 2005 the HRA approved the Second Amendment to assign Phase 2/3 of the Master Development Agreement to Whitall Townhomes, LLC covering the Whitall development and approving $2.1 million to move forward with acquisition, relocation, and demolition for the site; and
WHEREAS, on November 19, 2008 the City Council approved by Resolution 08-1270 the NSP plan and its submission to HUD for $4.3 million in funding and on January 28, 2009 the City received a letter from HUD approving the NSP Plan and funding; and
WHEREAS, on January 28, 2009, the City Council approved by Resolution 09-103 the NSP plan and its submission to Minnesota Housing for $6.3 million in funding and it was approved Februa...
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