Title
Authorization to designate JB Vang Partners, Inc., a Minnesota corporation as tentative developer of 694 and 680 Minnehaha Avenue East, Saint Paul, MN, District 4, Ward 7
Body
WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the “HRA”) is a public body corporate and politic established, existing, and operating under the laws of the State of Minnesota pursuant to the provisions of Minnesota Statutes, Section 469.001, et seq. (the “Act”); and
WHEREAS, the HRA is empowered by law, including the Act, to adopt and enforce this Resolution in pursuit of its mandate to engage in appropriate housing, development, and redevelopment projects; to remove or prevent the spread of conditions of blight or deterioration; to bring substandard buildings and improvements into compliance with public standards; to dispose of HRA-owned land for private development; and to improve the tax base and the financial stability of the community; and
WHEREAS, HRA owns approximately 4.8 acres of land that is improved with eight vacant and deteriorated buildings, and certain parking areas, all located at 694 and 680 Minnehaha Avenue East (the “Property”); and
WHEREAS, the HRA issued a publicly announced Request for Proposals for the Purchase and Redevelopment of the Property (the “RFP”) on October 18, 2021, with a submission deadline of April 29, 2022, all in compliance with the HRA’s disposition policy; and
WHEREAS, by the deadline contained in the RFP, five proposals to purchase and redevelop the Property were submitted to the HRA; and
WHEREAS, after an extensive and formal review process of the five proposals, HRA staff recommends that the HRA Board of Commissioners accept the proposal submitted by JB Vang Partners, Inc., a Minnesota corporation (“JB Vang”) to construct an approximately 259-unit affordable housing and mixed-use development on the Property (the “Project”); and
WHEREAS, of the five proposals that were timely submitte...
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