Title
Authorization to Extend the Tentative Developer Designation of JB Vang Partners, Inc. as the 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 surface lots, all located at 694 and 680 Minnehaha Avenue East (the “Property”); and
WHEREAS, the HRA designated JB Vang Partners Inc., a Minnesota corporation (“JB Vang”), as the tentative developer for the Property (the “Tentative Developer”) with Resolution 23-71 on January 20, 2023; and
WHEREAS, the Tentative Developer status was extended via an administrative action by the Executive Director of the HRA through December 31, 2025; and
WHEREAS, JB Vang Partners Inc. has made significant progress since the tentative developer designation and subsequent extension, including securing $4,941,625 in funding from local government agencies, a zoning change to T3, City Council consideration of a local historic district designation, and is continuing to apply for relevant funding sources; and
WHEREAS, this Board finds the Project serves a public purpose ...
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