Title
Resolution approving and authorizing execution of a development agreement for the sale and development of HRA-owned parcels known as the Saxon Ford Site to Frogtown Meadows, LLC, District 7, 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 Minnesota Statutes section 469.002, subdivision 14; and
WHEREAS, the HRA owns real estate located at the northwest corner of University and Galtier Street, commonly known as the Saxon Ford Site in Saint Paul, Minnesota and legally described in Exhibit A attached to this Resolution (the “Property”); and
WHEREAS, on September 28, 2016, by Resolution 16-1586 (“Prior Resolution”), the HRA Board designated Hmong American Partnership (“HAP”) as Tentative Developer for the Property; and
WHEREAS, HAP has met the requirements set forth in the Prior Resolution granting Tentative Developer status relative to the Property and is prepared to move forward with development of the Property; and
WHEREAS, the Developer has formed an entity called Frogtown Meadows, LLC (the “Develo...
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