Title
Resolution Approving and Designating Mississippi Market as Tentative Developer for a portion of the HRA Owned Parcel at 740 East 7th Street; District 4, Ward 7.
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, as described in the staff report accompanying this Resolution, HRA staff issued a Request for Interest (RFI) for the HRA owned site consisting of the following parcels of land: 740, 724, 722, 716, 712 and 710 East 7th Street, and 412 and 406 Bates Avenue ("Development Site"); and
WHEREAS, three responses were received to the RFI that included proposals to use the Development Site for residential and commercial purposes, and after reviewing all the proposals, HRA staff is recommending that the Development Site be split into two separate projects, one for residential uses and the other for commercial uses; and
WHEREAS, staff is recommending that Mississippi Market ("MMarket") be granted tentative developer status for that portion of 740 East 7th Street n...
Click here for full text