Title
Reservation of Funds for Certain Saint Paul Projects Applying for Funding from the Minnesota Housing Finance Agency
Body
WHEREAS, the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (“HRA”) is a public body corporate and politic organized, existing, and operating under the laws of the State of Minnesota, Minn. Stat. Sec. 469.001, et seq. (the “Act”); and?
WHEREAS, the HRA has the power to engage in development and redevelopment activities under the Act,? and is authorized to create redevelopment projects as defined in the Act, and said activities include but are not limited to: (a) providing adequate, safe and sanitary dwellings, remedying housing shortages for low and moderate income residents, and providing housing for persons of all incomes through housing projects and development, (b) removing and preventing blight or deterioration, (c) bringing substandard buildings and improvements into compliance with public standards, (d) performing duties according to the comprehensive plan, (e) disposing of land for private redevelopment, and (f) improving the tax base and the financial stability of the community; and?
WHEREAS, the HRA owns the following three properties that, pursuant to RFP processes, are proceeding toward sale and redevelopment: (i) the former Hamm’s property located at 680 & 694 Minnehaha Avenue E. (Hamm’s West End Apartments project), (ii) the former Hafner site located at 1570 White Bear Avenue (GloryVille project), and (iii) 1170 Arcade Street (Face to Face project) (collectively, the “HRA Sites”); and?
WHEREAS, there are three additional privately owned properties proceeding toward redevelopment: (i) a site at 470 White Bear Avenue being purchased by Beacon Interfaith Housing, (ii) the scattered site Ramsey Hill project located in the Cathedral Hill neighborhood at 432 Dayton, 436 Dayton, 658 Dayton, 232 Marshall, 478 Marshall and 486 Marshall, and (iii) the Westminster Place and Vista Village sites o...
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