Title
Resolution Approving Inter Department Loan of an estimated $1,528,736 and Grant of an estimated $750,182 from the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota to the City of Saint Paul Department of Public Works for the Upgrade of the Riverview Sanitary Sewer Lift Station and Authorizing Execution of Restated and Combined Record of Inter Department Loan and Grant, 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, 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 and the City of Saint Paul Department of Public Works (“Public Works”) executed a West Side Flats Sanitary Sewer Study Record of Inter Department Loan on August 18, 2015 (“Sanitary Sewer Study Record”) whereby the HRA loaned Public Works the sum of $44,602 to study and provide initial design recommendations for the Enhanced Lift Station, as defined below, (“Study Loan”) with respect to the study area that lay within the Riverfront Redevelopment Project Area in Saint Paul, Minnesota (“Project Area”); and
W...
Click here for full text