Title
Authorization to designate F & C Development, Inc., an Indiana corporation (“Flaherty & Collins”) as tentative developer of Central Station Block, Saint Paul, MN, District 17, Ward 2
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 “HRA Act”); and
WHEREAS, the HRA is empowered by law, including the HRA 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, the Metropolitan Council (“Council”) is a public corporation and political subdivision of the State of Minnesota pursuant to the provisions of Minnesota Statutes section 473.123, et seq.; and
WHEREAS, the Council and the HRA each own adjacent real property parcels that are comprised of a combined total of approximately 1.66 acres in the City of Saint Paul, within a block bounded by 5th Street, Minnesota Street, 4th Street and Cedar Street, excluding the 340 Cedar Street parcel (the “Property” or “Central Station Block”); and
WHEREAS, the Council constructed the Green Line LRT Project, which bisects the Council property, and includes light rail transit infrastructure, a stair and elevator tower that connects Central Station Block with the City’s downtown pedestrian skyway system (the “Vertical Access Tower”), and a north-south skyway of approximately 164 feet in length that is attached to and extends from the building at 340 Cedar Street to 5th Street (“CSB Sky...
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