Title
Amending the redevelopment plan for the Ford Site Redevelopment Project Area and approving the adoption of a second amendment to the tax increment financing plan for the Ford Site Redevelopment Tax Increment Financing District (District 15, Ward 3).
Body
WHEREAS, the City Council of the City of Saint Paul (the “Council”) has the statutory responsibility under Minnesota Statutes, Section 469.028, to approve redevelopment plans and projects of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the “HRA”), after public hearing thereon;
WHEREAS, the HRA has heretofore established the Ford Site Redevelopment Project Area (the “Project Area”) and has adopted a redevelopment plan therefor (the “Redevelopment Plan”) pursuant to Minnesota Statutes, Sections 469.001 to 469.047, as amended (the “HRA Act”);
WHEREAS, the Redevelopment Plan contains an identification of need and statement of objectives and program of the HRA for carrying out a redevelopment project, including property to be acquired, public improvements to be provided, development and redevelopment to occur, and sources of revenue to pay redevelopment costs within the Project Area;
WHEREAS, the HRA has asked the Council to approve the First Amendment to Redevelopment Plan for the Ford Site Redevelopment Project Area (the “1st Amendment to Redevelopment Plan”) to enlarge the Project Area pursuant to and in accordance with the HRA Act;
WHEREAS, the Saint Paul Planning Commission, on September 4, 2020, reviewed said 1st Amendment to Redevelopment Plan, and adopted resolution #20-40 approving the same as being in conformity with the Saint Paul Comprehensive Plan and the general plan for the development and redevelopment of the City as a whole; and
WHEREAS, the HRA has performed all actions required by law to be performed prior to approving the 1st Amendment to Redevelopment Plan. The HRA has requested that the City approve the 1st Amendment to Redevelopment Plan f...
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