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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"" day of Februarv, 2011. <br />ATTEST: <br />City Clerk <br />Mayor <br />Reviewed for administration: _ <br />City Manager <br />65 <br />