Title
Resolution Approving and Authorizing the Contingent: (a) Sale and Conveyance of 830, 840 and 940 Selby Avenue, Saint Paul, MN to Rondo Community Land Trust and Community Housing Development Corporation, and (b) Commitment of HOME Funds, CDBG Funds and Net Land Sales Proceeds, District 8, Ward 1
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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, the HRA owns in fee simple the following properties, namely: 838, 840 and 940 Selby Avenue, Saint Paul, Minnesota (collectively the “Properties”); and
WHEREAS, on May 13, 2015 by Resolution No. 15-868 the HRA Board of Commissioners designated Rondo Community Land Trust and Community Housing Development Corporation (collectively the “Tentative Developer”) as tentative developer for the development of the Properties; and
WHEREAS, since May 13, 2015 the Tentative Developer has engaged in many actions to further the pre-development of a project consisting of 34 units of affordable housing targeting seniors...
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