City of Saint Paul - File #: RES 17-666

• File #: RES 17-666
• Version: 1
• Type: Resolution
• Status: Archived
• In control: Housing & Redevelopment Authority
• Final action: 4/26/2017
• Title: Authorization to Designate SR Development II, LLC, as Tentative Developer of 844, 848 and 856 Payne Avenue and 0 Wadena Street, Saint Paul, Mn, District 5, Ward 6
• Sponsors: Dan Bostrom

Date	Ver.	Action By	Action	Result
4/26/2017	1	Housing & Redevelopment Authority	Adopted	Pass

Title
Authorization to Designate SR Development II, LLC, as Tentative Developer of 844, 848 and 856 Payne Avenue and 0 Wadena Street, Saint Paul, Mn, 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, HRA owns land located at 844, 848 and 856 Payne Avenue and 0 Wadena Street (29.29.22.42.0246, 29.29.22.42.0246-0247 and 29.29.22.42.0246-0349 (the “Property”); and

WHEREAS, the Property was listed with a brokerage firm on February 1, 2015 in compliance with the HRA’s disposition policy; and

WHEREAS, on February 13, 2017, the HRA staff has received two applications to purchase the Property; and

WHEREAS, after reviewing the two proposals, HRA staff is recommending to accept the proposal of SR Development II, LLC (“SR”) to construct a mixed-use development on the Property (the “Project”); and

WHEREAS, of the two proposals received, the Project proposed by SR best accomplishes the objectives and goals of the HRA Land Disposition Policy and best complies 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 increase commercial space and jobs; 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 and development projects; to remove or prevent the spread of conditions of blight or deterioration; to bring substandard buildings and improvements into compliance with public standards; to dispose of land for private development; and to improve the tax base and the financial stability of the community,...