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 development and functionally related facilities; and
WHEREAS, HRA has on this date conducted a duly noticed public hearing regarding the sale of the Property to Developer, in accordance with the Act, at which all interested persons were given an opportunity to be heard.
NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the “Board”), as follows:
The Board hereby finds and determines that conveyance of the Property to the Developer is advisable and in the public interest and will further the objectives of its general plan of economic development, because it will increase the tax base in the City, stimulate the development of decent, safe and sanitary housing, and serve as an impetus for further redevelopment.
The Board hereby approves the purchase and the subsequent conveyance of the Property to Developer pursuant to the Agreement.
The Chair or Commissioner and Executive Director of the HRA are hereby authorized and directed to execute any deed or other documents necessary to carry out the Agreement on behalf of the HRA and to carry out, on behalf of the HRA, the HRA’s obligations thereunder. The execution of any instrument by the appropriate officers of the HRA herein authorized shall be conclusive evidence of the approval of such document in accordance with the terms hereof. In the event of absence or disability of the officers, any of the documents authorized by this resolution to be executed may be executed without further act or authorization of the Board by any duly designated acting official, or by such other officer or officers of the Board as, in the opinion of the City Attorney, may act in their behalf.
HRA staff and officials are authorized to take all actions necessary to perform the HRA’s obligations under the Agreement in connection with the conveyance of the Property.