Title
Resolution Approving the Execution of a Development Agreement Between the City of Saint Paul, the Housing and Redevelopment Authority of the City of Saint Paul, and Fillmore Avenue Apartments, LLC. District 3, 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, pursuant to Minnesota Statutes, Sections 469.001 through 469.047 (the “Redevelopment Act”), the Authority has previously formed a redevelopment project in the City of Saint Paul (the “City”) designated as the “Riverfront Redevelopment Project,” which is located along the downtown area of the Mississippi River (see attachment - Riverfront Redevelopment Project Map); and
WHEREAS, the Authority has heretofore adopted the Riverfront Redevelopment Plan, and the City has adopted the West Side Flats Master Plan and Development Guidelines (collectively, the “Redevelopment Plans”), which set forth development objectives, street design standards, a public realm master plan and a land use plan for an area of the City within the Riverfront Redevelopment Project known as the West Side Flats Urban Village, which includes the area bounded by the Mississippi River on the north, Plato Boulevard on the south, Robert Street on the east and Wabasha Street on the west (the “West Side Flats Development”); and
WHEREAS, a major component of the Redevelopment Plans is to foster an increase in the residential population in the West Side Flats Development; and
WHEREAS, Fillmore Avenue Apartments, LLC (the “Developer”) has agreed to construct 174 units of rental housing for Phase 1 of the Fillmore site redevelopment within the West Side Flats Development (the “Minimum Improvements”); and
WHEREAS, the Developer has agreed to construct an integrated stormwater and park facility, (the “Greenway”), the sanitary c...
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