Title
Approval and authorization to sell and convey 1776 Maryland Avenue E, Unit #204, and authorization to waive the 45-day written notice in the HRA Disposition Policy, District 2, Ward 6
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.; 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 HRA has duly adopted and there is now lawfully in effect in the City of Saint Paul, Minnesota, a City Wide Comprehensive/Redevelopment Plan providing for the acquisition, clearance and resale of land for redevelopment; and the City Consolidated Five-Year Plan (collectively “Citywide Plans”); and
WHEREAS, the HRA owns a vacant condominium unit with the address 1776 Maryland Avenue E, Unit #204 (the “Property”); and
WHEREAS, the legal description of the Property is as follows: Unit No. 204, Common Interest Community No. 729, Hazel Park Heights Condominium, a condominium located in Ramsey County, Minnesota; and
WHEREAS, in 2020, HRA Staff received an unsolicited proposal by AOP Holdings, LLC (the “Purchaser”), to the purchase of the ...
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