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CITY OF ST. ANTHONY VILLAGE <br /> RESOLUTION 11-026 <br /> RESOLUTION SUPPORTING APPLICATION TO RAMSEY COUNTY FOR <br /> GRANT FUNDS FOR THE LANDINGS SENIOR RENTAL PROJECT IN ST. <br /> ANTHONY,MINNESOTA, RAMSEY COUNTY <br /> WHEREAS, the City of St. Anthony (the"City") has identified an area located in the <br /> northwest portion of the City(the "Northwest Quadrant") for redevelopment; and <br /> WHEREAS, Dominium has submitted preliminary plans and had preliminary discussions <br /> with the City regarding redeveloping a portion of the land in the Northwest Quadrant; and <br /> WHEREAS, Dominium is proposing to construct approximately 152 units of affordable, <br /> senior rental housing on a portion of the property in the Northwest Quadrant; and <br /> WHEREAS, the City has begun negotiating an agreement with Dominium for the project; <br /> and <br /> WHEREAS, the City believes that such proposed redevelopment will result in increased <br /> housing units to meet the demands of the marketplace, the increase of the value of property subject to <br /> taxation by the City and other local government units, and the increase of general economic activity <br /> in the City, all of which will increase housing choices within the City, improve living conditions, <br /> promote desirable redevelopment of land, remove blight and prevent the emergence of additional <br /> blighted property and areas, and encourage and enhance the general health and welfare of the <br /> residents of the City. <br /> NOW, THEREFORE, BE IT RESOLVED, by the City Council of St. Anthony as follows: <br /> 1. The Council believes that the redevelopment as proposed by Dominium, is in the vital and <br /> best interests of the City and supports application to Ramsey County for grant funding. <br /> 2. The City Manager, City Attorney and Consultants are hereby authorized and directed on <br /> behalf of the City to negotiate a Development Agreement, by and among the City, the HRA and <br /> Dominium, along with any and all related agreements. <br /> Adopted this 22"a day of February, 2011. <br /> ayor <br /> ATTEST: <br /> City <br /> Reviewed for administration: <br /> City Manager <br />