Title
Resolution Authorizing Entering into a Development Agreement, Obligate NSP Funds and Approve Sale and Conveyance of Land to Marpe Development, LLC for Parcels Located in Fourth Street Preservation ISP/NSP Area as follows:
1. Parcel 314 Bates Avenue, Dayton’s Bluff District 4
2. Parcel 336 Maple Street, Dayton’s Bluff District 4
3. Parcel 868 Fremont Street, Dayton’s Bluff District 4
Body
WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (HRA), has duly adopted and there is now lawfully in effect in the City of Saint Paul, Minnesota, a City Wide Comprehensive/Redevelopment Plan (Plan) providing for the acquisition, clearance and resale of land for redevelopment which includes Dayton’s Bluff District 4 area within the Plan and the City Consolidated Five-Year Plan; and
WHEREAS, on November 19, 2008 the City Council approved by Resolution 08-1270 the NSP plan and its submission to HUD for $4.3 million in funding and on January 28, 2009 the City received a letter from HUD approving the NSP Plan and funding; and
WHEREAS, on January 28, 2009, the City Council approved by Resolution 09-103 the NSP plan and its submission to Minnesota Housing for $6.3 million in funding and it was approved February 23, 2009; and
WHEREAS, on February 25, 2009 the HRA approved the Neighborhood Stabilization Program and Rebuilding Plan 2009-2013 under Invest Saint Paul Initiative and approved a budget amendment to carry out Programs/Plans which included the acquisition of properties in designated ISP/NSP areas; and
WHEREAS, on March 24, 2010, by Resolution 10-3/24-3 the HRA accepted and approved the budget for NSP 2 funds ($18.0 million) to continue to carry out activities under the NSP Rebuilding Plan 2009-2013; and
WHEREAS, NSP funds came with extensive restrictions and an extremely short timeline to expend $9.0 million by February, 2013, and any unspent funds are returned to the Federal Government after said date; and
WHEREAS, the Pa...
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