Title
Authorization to borrow funds from the Minnesota Housing Finance Agency and Ramsey County for improvements to the Midway Residence; authorization to execute necessary agreements with the Minnesota Housing Finance Agency and Ramsey County; and authorization to amend the project budget, District 12, Ward 4
Body
WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the "Authority") is a public body corporate and politic established pursuant to the provisions of Minnesota Statutes, Section 469.001, et. Seq (the “Act); and
WHEREAS, the Authority has the power to engage in development or redevelopment activities under Minnesota law and the Authority 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 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
WHEREAS, by Resolution 04-11/10-10 the Authority's Board of Commissioners approved the purchase and acquisition of 902 Hersey Street (the “Project Site”); and
WHEREAS, the legal description of the Project Site is as follows: Those parts of Lots 7 through 17, Block 1, Lots 6 through 12, Block 2, and Lot A, all in Minnesota Transfer Addition, described as follows: Beginning at the Southwest corner of Lot 12, said Block 2; thence on an assumed bearing of West at a right angle to the West line of said Block 2, a distance of 60.00 feet to the East line of said Block 1; thence on a bearing of North along said East line of Block 1, a distance of 35.00 feet to a line extended Westerly at a right angle to said West line of Block 2 from a point on said West line of Block 2,...
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