Title
Conditional Authorization to Sell And Convey Parcel 72 Cesar Chavez Street To Neighborhood Development Alliance, Inc. Or Its Approved Designee And To Approve A $329,800 Deferred Land Loan For The 72 Cesar Chavez Housing Development Located At 72 Cesar Chavez Street, District 3 West Side, Ward 2.
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 Minnesota Statute Section 469.002, Subd. 14; and
WHEREAS, the HRA acquired 72 Cesar Chavez Street (the “Property”), in Saint Paul, Minnesota, as described in the staff report submitted to the HRA Board with this resolution; and
WHEREAS, the legal description of 72 Cesar Chavez Street is as follows:
Parcel 1 - Torrens
That part of Lot 5, Block 1, Rarig Campus, lying northeasterly of a line described as follows: Beginning at a point on the north line of said Lot 5, distant 92.00 feet westerly from the northeast corner thereof; thence southeasterly to a point on the east line of said Lot 5, distant 90.00 feet southerly from the northeast corner thereof; and said line t...
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