Title
Resolution Making Certain Findings with Respect to Buildings and Improvements and Authorizing Execution of a Demolition Agreement with Snelling-Midway Redevelopment, LLC, District 8, Ward 1.
Body
WHEREAS, Snelling-Midway Redevelopment, LLC (the “Developer”) is the owner of certain possessory rights in real property located in the City of Saint Paul, Minnesota, known as the Midway Shopping Center (and designated as Parcels A, B, C, D and E on the LHB Report as defined below)(“Building Parcels”) , and its affiliate, MUSC Holdings, LLC (“MUSC Holdings”) has possessory rights on Parcel F of the LHB Report which is an unimproved parking lot (“Parking Lot”) (collectively the Building Parcels and Parking Lot are referred to as the “Property”), which Property is described in the TIF Eligibility Assessment Report dated September 1, 2017 prepared by LHB, Inc. (the “LHB Report”), and legally described on Exhibit A hereto attached; and
WHEREAS, the Property consists of six (6) parcels currently occupied by five (5) buildings on the Building Parcels; and
WHEREAS, the LHB Report documents that parcels consisting of 70 percent of the area of the Property are occupied by buildings, streets, utilities, paved or gravel parking lots, or other similar structures as defined in Minn. Stat. §469.174, Subd. 10a (“Improvements”); and
WHEREAS, the LHB Report also documents that 20% of the five (5) buildings currently located on the Property are substandard within the meaning of Minn. Stat. §469.174, Subd. 10 (“Substandard Buildings”) and 30% of the other buildings require substantial renovation or clearance to remove existing conditions such as: inadequate street layout, incompatible uses or land use relationships, overcrowding of buildings on the land, excessive dwelling unit density, obsolete buildings not suitable for improvement or conversion, or other identified hazards to the health, safety, and general well-being of the community within the meaning of Minn. Stat. §46...
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