Title
Authorization to acquire the southerly half of a vacated alley abutting 519 Payne Avenue from the City of Saint Paul and subsequently convey the same to adjacent property owner, DNZ LLC District 5, Ward 2
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 City of Saint Paul owns a parcel of land over which an alley was established; and
WHEREAS, the City has caused the alley to be vacated, with the northern half of the alley automatically accruing to the property owner of 519 Payne Avenue and the southern half accruing to the City which City half is legally described below (“City Property”); and
WHEREAS, DNZ LLC (“Buyer”), owns 519 Payne Avenue abutting the City Property; and
WHEREAS, the Buyer has negotiated the purchase of the City Property; and
WHEREAS, the City of Saint Paul City Council has approved the disposal of the City Property to DNZ LLC using the HRA as a pass through; and
WHEREAS, the HRA is empowered to act as a conduit to acquire property f...
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