Title
Resolution Approving and Designating M.O.E Craft Company, LLC as Tentative Developer for Fire House #10 at 754 Randolph Avenue, Saint Paul, MN, District 9, 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, the HRA has the power to engage in development or redevelopment activities under Minnesota law, 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 financial stability of the community when these needs cannot be met through reliance solely upon private initiative and that can be undertaken in targeted neighborhoods; and
WHEREAS, the site known as Fire House #10, located in Saint Paul, MN at 754 Randolph Avenue (the “Property”) is currently owned by the City of Saint Paul (“City”); and
WHEREAS, it is anticipated that the City will transfer the Property to the HRA so that it may be redeveloped; and
WHEREAS, as described in the staff report accompanying this Resolution, HRA staff issued a Request for Offers (the “RFO”) for the Property; and
WHEREAS, the RFO received twelve responses offering to purchase the Property for commercial purposes; and
WHEREAS, after reviewing the offers, HRA staff is recommending that M. O. E. Craft Company, LLC, (“Developer”) be granted tentative developer status for the Property because Developer’s proposal to redevelop the Property into a brewery and restaurant (the “Project”) best accomplishes the stated HRA goals and objectives for the Property, and the Developers have the demonstrated experience and qualifications necessary to successfully re...
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