Title
Resolution approving and authorizing the sale and conveyance of property under the Saint Paul Housing and Redevelopment Authority’s (HRA) guidelines for disposition of a splinter parcel located at the northeast corner of West 7th Street and Western Avenue South, and approval of purchase agreement, 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 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 legal description of the real property described in this resolution is set forth in Exhibit A attached to this resolution (“Property”).; and
WHEREAS, the HRA proposes to sell and convey the Property, to Bigos-WC Acquistion, LLC (“Bigos”) for a transfer fee of $675 and on the terms set forth in a purchase agreement (“Purchase Agreement”) submitted with the staff report and Bigos is willing to accept the conveyance on the terms described in the Purchase Agreement; and
WHEREAS, by this resolution the Board of Commissioners of the HRA finds a public purpose for the conveyance of the Property; ...
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