Title
Resolution authorizing and approving the conveyance of six parcels of land located at the southeast corner of Payne Avenue and Wadena/Aguirre Avenue for the 848 Payne Avenue apartments project; District 5, Ward 6
Body
WHEREAS, pursuant to Minnesota Statues, Sections 469.001 to 469.047, as amended (the “Act”), the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the “HRA”), is authorized to acquire and convey real property and to undertake certain activities to facilitate the redevelopment of real property by private enterprise; and
WHEREAS, to facilitate redevelopment of certain property in the City of Saint Paul, Minnesota (the “City”), the HRA proposes to enter into a Development Agreement (the “Agreement”) between the HRA and 848 Payne, LLLP, a Minnesota limited liability limited partnership (or its assigns, the “Developer”), under which, among other things, the HRA will convey the property located in the City on a one and one-half acre parcel on the southeast corner of the intersection of Payne Avenue and Aguirre St./Wadena Ave. and legally described as:
Current Parcel ID Current Address Current Legal Description
29.29.22.42.0238 848 Payne Ave Lot 25, Chas. Weide’s Subdivision of Block 37 of Arlington Hills Addition
29.29.22.42.0246 0 Wadena Ave Lots 35, Chas. Weide’s Subdivision of Block 37 of Arlington Hills Addition
29.29.22.42.0247 0 Wadena Ave Lots 36, Chas. Weide’s Subdivision of Block 37 of Arlington Hills Addition
29.29.22.42.0263 848 Payne Ave Lots 26-28, & Lot 31, excluding the S 52 ft thereof, Chas. Weide’s Subdivision of Block 37 of Arlington Hills Addition
29.29.22.42.0346 844 Payne Ave Lots 29,30,32-34, & the S 52 ft of Lot 31, Chas. Weide’s Subdivision of Block 37 of Arlington Hills Addition
29.29.22.42.0349 0 Wadena Ave Lots 37-42, Chas. Weide’s Subdivision of Block 37 of Arlington Hills Addition
(the “Property”) to the Developer to construct an approximately 99-unit multifamily rental housing developme...
Click here for full text