Share to Facebook Share to Twitter Bookmark and Share
File #: RES 19-952    Version: 1 Name: 5th Amendment to WSF Phase III Development Agreement
Type: Resolution Status: Archived
In control: Housing & Redevelopment Authority
Final action: 6/12/2019
Title: Resolution approving fifth amendment to the West Side Flats Phase III development agreement with WSF Phase III LLC, District 3, Ward 2
Sponsors: Rebecca Noecker
Attachments: 1. Board Report, 2. Site Plan and Elevations, 3. Unit Rent and Size Detail, 4. Estimated Energy Savings, 5. District 3 Profile
Related files: RES 17-2010, RES 17-474, RES PH 12-312, RES 15-1978, RES 16-970
Title
Resolution approving fifth amendment to the West Side Flats Phase III development agreement with WSF Phase III LLC, District 3, Ward 2
Body
WHEREAS, pursuant to Resolution PH 12-312, adopted October 24, 2012, the Housing and
Redevelopment Authority of the City of Saint Paul, Minnesota (“HRA”), and WSF Phase III LLC (the “Phase III Developer”) entered into the West Side Flats Phase III Development Agreement (the “Phase III Agreement”),which affects the sale and development of the HRA-owned land (the “Phase III Property”) described in the staff report attached thereto; and

WHEREAS, the Phase III Agreement provides the Phase III Developer with the exclusive right (“Development Rights”) to propose development plans for the Phase III Property for a period of three years from the effective date of the Phase III Agreement, which period expired on November 19, 2015; and

WHEREAS, by Resolution No. 15-1978 the HRA Board of Commissioners approved a first amendment (“First Amendment”) to the Phase III Development Agreement, for the purpose of extending for six months until May 19, 2016, the Phase III Developer’s Development Rights and the Resolution included additional specific requirements for a development proposal for the Phase III Property, and

WHEREAS, by Resolution No. 16-970 the Board of Commissioners approved a second amendment (“Second Amendment”) to the Phase III Development Agreement, for the purpose of extending until March 30, 2017 the Phase III Developer’s Development Rights and the Resolution included additional specific requirements for a development proposal for the Phase III Property; and

WHEREAS, by Resolution No. 17-474 the Board of Commissioners approved a third amendment (“Third Amendment”) to the Phase III Development Agreement, for the purpose of extending until December 31, 2017 the Phase III Developer’s Development Rights and the Resolution included additional specific requirements for a development proposal for the Phase III Property; a...

Click here for full text
Date NameDistrictOpinionCommentAction
No records to display.