Title
Resolution Approving and Authorizing the Removal of Contingencies and Execution of a Development Agreement for: (A) Sale and Conveyance of 940 Selby Avenue, 0 Selby Avenue, 0 Victoria Street, and 838 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, Budget Amendment, District 8, Ward 1
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, 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 the following properties: 940 Selby Avenue, 0 Selby Avenue, 0 Victoria Street, and 838 Selby Avenue, (previously referred to as 838, 840, and 940 Selby Avenue), in 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
WHEREA...
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