Title
Resolution Authorizing Approval of HRA Land Disposition Strategy, Work Plan and Budget Amendment for Certain Properties Owned by the HRA, Citywide
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 and the City Consolidated Five-Year Plan; and
WHEREAS, on August 8, 2007 the HRA approved by Resolution 07-08/08-3 <tel:07-08/08-3> the Invest Saint Paul workplan and budget approval for the first phase of activities to start; 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 February 23, 2009; 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, on March 24, 2010, by Resolution 10-3/24-3 the HRA accepted and approved the budget for NSP 2 funds ($18.0 million) to continue to carry out activities under the NSP Rebuilding Plan 2009-2013; and
WHEREAS, on April 20, 2011, by Resolution 11-721 the HRA accepted and approved the budget for $2,059,877 of NSP 3 funds from HUD to continue to carry out activities under the NSP Rebuilding Plan 2009-2013; and
WHEREAS, on April 20, 2011, by Resolution 11-623 the HRA accepted and approved the budget for $744,640 of NSP 3 funds from MHFA to continue to carry out activities under the NSP Rebuilding Plan 2009-2013; and
WHEREAS, the HRA staff have examined all of the parcels owned by the HRA; and
WHEREAS, the HRA staff have completed a comprehensive analysis of certain parcels owned by the HRA that are identified by group in the accompanying staff report, which parcels remain to be addressed and that were acquired under the NSP and ISP programs or were acquired prior to those programs (Parcels); and
WHEREAS, the HRA staff have developed a disposition strategy, work plan, and budget (Strategy and Work Plan) to address the Parcels to maximize impact in neighborhoods distressed by vacancy and foreclosure and meet the requirements of the HRA's legal contracts and funding agreements, all of which is described in the staff report accompanying this Resolution; and
WHEREAS, the HRA has been appropriated funds through the State of Minnesota's Department of Employment and Economic Development in an amount of $250,000 to support the HRA disposition strategy in the NSP 3 target area; and
WHEREAS, the HRA requests $2,030,000 from the Minneapolis Saint Paul Housing Finance Board Bond Cost of Issuance account to support the Strategy and Work Plan.
NOW THEREFORE BE IT RESOLVED that the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota, hereby approves as follows:
1. That the proposed Strategy and Work Plan covering the period of August 1st, 2013 to December 31st, 2015 is accepted and approved.
2. That all funding requests to carry out identified activities in the Strategy and Work Plan will be presented to the HRA Board for consideration and action.
3. That all projects will be brought to the HRA Board for consideration and action before a property is sold.
4. The first phase funding under the Strategy and Work Plan in the amount of $5,057,642 is hereby identified and a Budget Amendment as set forth in Attachment A which is attached and hereby made a part of this Resolution is hereby approved.
5. That the Executive Director is hereby authorized to execute a Grant Agreement accepting the $250,000 of DEED funds.
6. That upon approval of the Minneapolis Saint Paul Finance Board, the Executive Director is hereby authorized to accept the funds so awarded to the HRA. .
7. That the HRA hereby authorizes and directs staff to take all actions necessary to carry out the activities identified in the Strategy and Work Plan, and the Executive Director is hereby authorized and directed to execute all documents and instruments necessary to effectuate the activities to be undertaken by this Resolution.
8. This Resolution hereby supplements the current HRA Policy and Procedures for Disposition of HRA Owned Real Estate last amended on September 14, 2011 by the HRA Board with respect to the disposition of the Parcels.