ROLL CALL
Present: Commissioners Bostrom, Brendmoen, Carter, Lantry, Stark, Thune, Tolbert
CONSENT
1. Approval of the June 12, 2013 HRA meeting minutes.
Commissioner Carter moved approval.
VOTE: Yeas - 7 Nays - 0
2. Resolution Appointing Recording Secretary of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota.
Commissioner Carter moved approval. Approved as set forth in resolution RES 13-868.
VOTE: Yeas - 7 Nays - 0
3. Resolution Authorizing Acquisition of Tax Forfeited Properties; West Side District 3, Ward 2 and Payne Phalen District 5, Ward 6.
Commissioner Carter moved approval. Approved as set forth in resolution RES 13-941.
VOTE: Yeas - 7 Nays - 0
PUBLIC HEARING
4. Resolution Authorizing Sale and Conveyance of a Property Located at 670 Thomas Avenue, Located in Frogtown Planning District 7, Ward 1, to Greater Frogtown Community Development Corporation.
Ms. Cecile Bedor, Executive Director for the HRA, stated the HRA purchased 670 Thomas Avenue in December 2009 with NSP funds for $34,000. While the intent was to renovate the building, after further investigation, staff concluded it should be demolished; the demolition was completed last year. Greater Frogtown Community Development Corporation would like to purchase the property and build a single family home on the lot. Their proposal was published in the ENS system and no other proposals were received. The total HRA investment in this property to date is $58,848, including acquisition, transaction, demolition costs, etc.; the property will be sold to Greater Frogtown CDC for this amount via note and mortgage which will be forgiven upon successful development of the house and sale to a qualified buyer.
TDC is $322,248. Sources include Frogtown Flexible Fund, MHFA CRVE and $50,000 from the Twin Cities Community Land Bank.
Commissioner Lantry questioned the sources to pay for the project. She inquired if the Affordable Housing Trust Fund (AHTF) as a financing...
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