Title
Resolution Authorizing Designation of a Tentative Developer Status for Payne Avenue Guild, LLC for the Property at 619, 621, 623, and 627 Wells Street, District 5, Ward 6
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, HRA staff received a proposal for redevelopment of a HRA-owned vacant site at 619, 621, 623 and 627 Wells Street from Payne Avenue Guild, LLC; and
WHEREAS, according to the HRA’s disposition policy, HRA staff requested proposals on the City of Saint Paul’s web page; and
WHEREAS, after more than 45 days of posting the notice, no further proposals were received by HRA staff; and
WHEREAS, after reviewing the submitted proposal, staff recommends accepting the proposal from Payne Avenue Guild, LLC to construct an off-street parking lot located at 619, 621, 623 and 627 Wells Street to assist in the expansion in the business located at 632 Wells Street together known as the Project (the “Project”); and
NOW THEREFORE, BE IT RESOLVED by the HRA that ...
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