Title
Resolution authorizing and approving the conveyance of two, HRA-owned parcels of land located at 605 and 617 Stryker Avenue; authorizing and approving a HRA Land Sale Loan of $228,000 to assist with purchasing the parcels; authorizing and approving financing of a $750,000 HOME Loan; authorizing and approving financing of a $200,000 CDBG Loan; and authorizing and approving the execution of a Development Agreement for the Stryker Senior Housing Project; District 3, Ward 2
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 properties in the City of Saint Paul, Minnesota (the “City”), the HRA proposes to enter into a Development Agreement (the “Agreement”) between the HRA and Stryker Senior Housing LLC, a Minnesota limited liability company, (the “Developer”), under which, among other things, the HRA will convey HRA-owned properties located at 605 and 617 Stryker Avenue, Saint Paul, Minnesota, legally described as:
Current Parcel ID Current Address Current Legal Description
07-28-22-14-0139 605 Stryker Avenue The East 100 feet of Lots 9 & 10,
Block 117, West St Paul Proper,
Ramsey County, Minnesota
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