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HomeMy WebLinkAboutCC RES 11-026 RESOLUTION SUPPORTING APPLICATION TO RAMSEY COUNTY FOR GRANT FUNDS FOR THE LANDINGS SENIOR RENTAL PROJECT IN ST. ANTHONY, MINNESOTA, RAMSEY COUNTY Meeting Sheet IIIIII VIII VIII VIII VIII VIII IIII IIII 103846 Box: 31 Folder: RES 2011 Document: CC RES 11-026 RESOLUTION SUPPORTING APPLICATION TO RAMSEY COUNTY FOR GRANT FUNDS FOR THE LANDINGS SENIOR RENTAL PROJECT IN ST. ANTHONY, MINNESOTA, RAMSEY COUNTY CITY OF ST. ANTHONY VILLAGE RESOLUTION 11-026 RESOLUTION SUPPORTING APPLICATION TO RAMSEY COUNTY FOR GRANT FUNDS FOR THE LANDINGS SENIOR RENTAL PROJECT IN ST. ANTHONY,MINNESOTA, RAMSEY COUNTY WHEREAS, the City of St. Anthony (the"City") has identified an area located in the northwest portion of the City(the "Northwest Quadrant") for redevelopment; and WHEREAS, Dominium has submitted preliminary plans and had preliminary discussions with the City regarding redeveloping a portion of the land in the Northwest Quadrant; and WHEREAS, Dominium is proposing to construct approximately 152 units of affordable, senior rental housing on a portion of the property in the Northwest Quadrant; and WHEREAS, the City has begun negotiating an agreement with Dominium for the project; and WHEREAS, the City believes that such proposed redevelopment will result in increased housing units to meet the demands of the marketplace, the increase of the value of property subject to taxation by the City and other local government units, and the increase of general economic activity in the City, all of which will increase housing choices within the City, improve living conditions, promote desirable redevelopment of land, remove blight and prevent the emergence of additional blighted property and areas, and encourage and enhance the general health and welfare of the residents of the City. NOW, THEREFORE, BE IT RESOLVED, by the City Council of St. Anthony as follows: 1. The Council believes that the redevelopment as proposed by Dominium, is in the vital and best interests of the City and supports application to Ramsey County for grant funding. 2. The City Manager, City Attorney and Consultants are hereby authorized and directed on behalf of the City to negotiate a Development Agreement, by and among the City, the HRA and Dominium, along with any and all related agreements. Adopted this 22"a day of February, 2011. ayor ATTEST: City Reviewed for administration: City Manager