Title
Resolution Approving and Authorizing (i) the Establishment of the Grand and Victoria Redevelopment Project Area, (ii) a Redevelopment Plan therefor, (iii) the Establishment of the Grand and Victoria Tax Increment Financing District (a Redevelopment District), (iv) a Tax Increment Financing Plan therefor, (v) an HRA Budget Amendment, and (vi) the Execution of a Tax Increment Development Agreement and Related Documents, District 16, Ward 2
Body
WHEREAS, there has been submitted to and considered at this meeting of the Board of Commissioners of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the “HRA”) a Redevelopment Plan (the “Redevelopment Plan”) for the Grand and Victoria Redevelopment Project Area (the “Project Area”); and
WHEREAS, the proposed Redevelopment Plan identifies conditions existing in the proposed Project Area, contains an identification of need and a statement of purpose and objectives, land uses and standards for development for carrying out a redevelopment project, and lists the redevelopment activities and techniques to be employed in carrying out these objectives, including provision for the elimination of conditions of substandardness, blight and deterioration existing in identified neighborhood areas by private development and construction or rehabilitation of real property for housing with provision of public parking and other public improvements to be provided, development and redevelopment to occur, and sources of revenue to pay redevelopment costs within the Project Area; and
WHEREAS, the City of Saint Paul Planning Commission has reviewed the Redevelopment Plan for the Project Area and approved the same as being in conformity with the 2040 Saint Paul Comprehensive Plan, the general plan for the development and redevelopment of the City as a whole, on November 14, 2025, by Resolution File Number 25-47; and
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