Title
Authorization to Designate St. Paul Euclid, LLC, as Tentative Developer of 234-238 Bates Avenue, 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, HRA staff received a proposal for redevelopment of a HRA-owned historic 12-unit property located at 234-238 Bates Avenue (the “Property”) from St. Paul Euclid, LLC; and
WHEREAS, according to the HRA’s disposition policy, on March 24, 2016, the HRA staff through the Early Notification System indicated that the HRA staff has received an application to purchase and rehabilitation the Property; and
WHEREAS, after more than 45 days of posting the notice, one additional proposal was received by HRA staff; and
WHEREAS, after reviewing the proposal received, staff recommends moving forward with the proposal of St. Paul Euclid, LLC to rehabilitate and renovate the existing building at the Property and to preserve it as a 12-unit multi-family rental housing property (the “Project”); and
WHEREAS, of the proposals received, the Project proposed by St. Paul Euclid, LLC best accomplishes the objectives and goals of the Policy and best comports with the strategies set forth in the Citywide Comprehensive Plan/Redevelopment Plan now legally in effect in the City of Saint Paul, including particularly those related to preserving and promoting established neighborhoods, ensuring the availability of affordable housing, and leading historic preservation efforts in the City; and
WHEREAS, the HRA is empowered by law, including Minnesota Statutes chapter 469, to adopt and enforce this Resolution in pursuit of its mandate to engage in appropriate housing a...
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