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84-603 MHITE � CITV CL.ERK PINK - FINANCE �ANARV.� DZPARTMENT GITY OF SAINT PAUL COIlI1C1 � 9LU� - MAVOR File NO• ��, ��.� � Council Resolution Presented By Referred To Committee: Date Out of Committee By Date RESOLUTION RECITING A PROPOSAL FOR A FINANCING PROGRAM FOR A MULTI-FAMILY RENTAL HOUSING DEVELOPMENT, GIVING PRELIMINARY APPROVAL TO THE PROJECT AND THE PROGRAM PURSUANT TO MINNESOTA STATUTES, CHAPTER 462C, AUTHORIZING THE HOUSING AND REDEVELOPMENT AUTHORITY TO ISSUE HOUSING REVENUE BONDS AND AUTHORIZING THE SUBMISSION OF FINANCING PROGRAM FOR APPROVAL TO THE MINNESOTA HOUSING FINANCE AGENCY AND AUTHORIZING THE PREPARATION OF NECESSARY DOCUMENTS AND MATERIALS IN CONNECTION WITH THE SAID PROJECT AND PROGRI�M (ISLAND STATION PROJECT) WHEREAS, (a) Minnesota Statutes, Chapter 462C (the "Act) confers upon cities, or housing and redevelopment authorities or port authorities authorized by ordinance to exercise on behalf of a city the powers conferred by the Act, the power to issue revenue bonds to finance a program for the purposes of planning, administering, making or purchasing loans with respect to one or more multi-family housing developments within the boundaries of the city; COUNCILME[V Requested�De artment of: Yeas Nays Fletcher Drew [n Favor Masanz Nicosia �- sche�be� __ Against BY Tedesco Wilson Adopted by Council: Date Form Appro d y City ttorne Certified Passed by Council Secretary BY � gy, Approved by Mavor: Date �` Ap by Mayor for S n to Council By B � ' . • ��-�� fb) The Housing and Redevelopment Authority of the City of Sain�c Paul, Minrzesota (the "HRA") has been designated, by orrliizance, to exercise, on behalf of the City of St. Paul, Minnesota (the "City" ) the powers conferred by Minriesota Statutes, Section 462C.01 to 462C.08; (c) The City has received from Nicollet Restorations, Inc. , a Minnesota corporation (the "Developer") a proposal t'na� the City undertake a prayram to finance a Project hereinafter desc.ribed, �hr�ugn t��e issuance of revenue bonds or obligations (in one or more series) (the "Bonds"} pursuant to the Act; �d� The Cit� desires to: facilitate the development of rental housing within the community; encourage the development of affordable housing opportunities for residents of the City; encourage the development of housing facilities designed for occupancy by persons of low or moderate income; and encourage the development of blighted or underutilized land and structures within the boundaries of the City; and the Project will assist the City in achieving these objeatives. (e) The Developer is curre�ntl.y engaged in the business �f real estate c�ev�lopmer�t. The Project to be financed by the Bonds is the redevelopment of �n abandaned Northern States Power Company generating plant for use as a multi-family rental housing development of approximately 77 to 100 units located at the intersection of Randolph Avenue and She�ard Ro�d in the City of Saint gaul, and c�nn.s;.�t� �f the ar-q�.aisition of an existira structure and the rehabilitation ther�af which cvill result in the provision �f additional rentai housing o�portunities +�o persons within the community. The Project will be located within a redevelopment project area to be established und�r Minnesota Statutes, Sections 273.74, subdivision 3 and 462. 545, subdivision 1; WM17E - C�TV CLERK PINK � - FINANCE GITY OF SAINT PAUL Council CJN(�RV -. DZPARTMENT �� GLUE = MAVOR File NO• � � Council Resolution �,� � Presented By Referred To Committee: Date Out of Committee By Date payment of that portion of the costs of the Project to be financed from the proceeds of the Bonds, as the Developer considers necessary, including the use of interim, short-term financing, subject to reimbursement from the proceeds of the Bonds if any when delivered but otherwise without liability on the part of the City or HRA. Direc or, Finance and Management Services � �('�°Ig`� COUIVCILMEN Requested by Department of: Yeas Nays _ � Fletcher � Drew In Favor Masanz Nicosia scnetbei_ __ Against BY Tedesco Wilson MAY � 5 �gg� Form Ap by Cit A rney Adopted by Council: Date Certified a� by Co � S et BY gy, Approv INavor: Date �„Y �� 9v� Ap y Mayor for S i o Council By _ BY PUBLISNED (�AY 2 6 1984 PED �EPARTFIENT ��' � �'� Mary Schwei ger �pp�TACT X 7494 Ext. 270 PHONE � 4/25/84 DATE �� ✓ � ' (Routing and Explanation Sheet) Assi Number for Routi,n Order Cli All Locations for oral Si tu EIVED� � pawt�ent Di rector . . APR 2 7 1984 Ci ty Attorney �� OFFICE OF THE DIRECTOR Di rector of Mana ment/Mayor �EP� TMENT OF FfNANCE � �`� \�_ RECKfI�i��AGEMENT SERVlC Finance and Management Services Director � Es � City Clerk APR 2 61984 Budget Di rector . MAYOR'S UFFICE �f^ M�rv Schwei qer - PED ►�hat Will be Achieved by Taking Action on the Attached Materfals? (Purpose/Rationale): The approval of the attached City Council resolution would authorize the HRA to issue Housing Revenue Bonds and to submit a financing program to the Plinnesota Housing Finance Agency (MHFA) and grant preliminary approval to �he "Island Station Project" which consists of converting the former NSP generating plant on the Mississipai River and Randolph Avenue to approximately seventy�-seven tv one hundred renta1 fiousing. units. Financial , Budgetary and Personnel In�pacts Anticipated: Housing Revnue Bonds do not pledge Ci'ty funds for tf�e repayment of the bQnds; staff in the Department of Planning and Economlc Develapment wi:ll caordinate City i.nvolvement in the program; staff costs will be supported 6y the st�ndard develoner fees associated with this type of financing. Funding Source and Fund Activity Number Charged or Credited: Funding source; 36614 HRA Tax Levy Fund Attachments (list and Number all Attachments): 1 . Preliminary HRA resolution requesti;ng pub1lc 6earing 6efore Ci_ty Counci:l �i,o�a`, y—a5� 2. Public Notice far hearing � 3. Counci1 Resoluti'on for signature. DEPARTMENT REVIEW CITY ATTORNEY REYIEI�I X Yes No Council Resolution Required? Resolution Required? � Yes No Yes X No Insurance Required? InsuranGe Sufficient? � Yes No Yes X No Insurance Attached? Revisian of Qctober, 1982 (SPP RPVPP'SP SidP for 'Instructions) �---�:°r ^�' �"''��' ► , f�� w �, � � � � � ,� � ��..��:�� a�o ��Q�dE�.oP�EC�r ��o�� f�� cETV o� sr�c��s pau�, ��so�a ��Pe�RT TO TNE �O�t�1�Si0�ER3 DATE APRIL 20, iss4 RE�ARDtldG AUTHORIZATION TO CALL FOft A PUBLIC HEARING BEFOftE THE CITY COUNCIL; MULTI-FAMILY HOUSING REVENUE BOND PROGFtAM FOft THE ISLAND STATION PROJECT (FOFtMER NSP GENEftATING PLANT) �ackground . Developer John Kerwin of Nicollet Restoration, Inc., has submitted a proposal to convert the former NSP generating plant on the Mississippi River near the intersection of Randolph Avenue and Shepard Road to approximately seventy-seven (77) to one- hundred (100) units of rental housing. This development is expected to consist of one- and two-bedroom units, with rents ranging from $200 to $900. Because of the extensive amount of renovation required to convert this building to housing,�the number of units, rents and bedroom sizes could vary from these estimates as planning for the project proceeds. The building is approximately sixty years oId and has been vacsnt since 1974. It had . been used as e generating plant by Northern States Power Company (NSP). The building was considered for demolition, but at the urging of City officials, NSP agreed to preserve . the building by selling it to a real estate developer for conversion to another use. It is ant:cipated that the conversion of the former NSP Plant building will be the initial �hase of�the first major mixed-use redevelopment project on the Mississippi Riverfront. Planning is now underway for the possible addition of a public marina, market-rate townhomes, commercial space, a restaurant and public recreational areas. � The building and approximately ten acres of land were recently purchased by John Kerwin of Nicollet Restoration, Inc., Minneapolis. Mr. Kerwin has extensive experience in the restoration of historic buildings and conversions. His most noteworthy projects in Minneapolis include the restoration of the Lumber Exchange Building in downtown and the Grove Street Flats Rowhouses on Nicollet Island. Riverfront Redevelopment Project (Chapter 462) Staff is working with the developer to establish a Redevelopment Plan under Chapter 462 of the State statutes for this project and to ekplore sources of public funding to assist this Riverfront development, which could eventually total over $13,000,000 of public and private investment. . (Over) , �� G�� ,� • Staff feels that the establish�nent of a Chapter 462 Redevelopment Plan for the area could provide the means to encourage the development of this blighted and underutil:z�� segment of the River Corridor through the provision of infrastructure site improvements. The eventual development of the marina and related recreational areas will have a positive impact on the mar}:etability of the rental housing portion of the developmen�: and could provide dual public purposes of revitalizing this portion of the Riverfront and promoting the addition of rental units to the City's housing stoek. Island Station Project (Chapter 462C) The initial phase of the Redevelopment Plan and area is the rental housing development (Island Station Project), which would be financed by the issuance of multi-family housing revenue bonds in an amount up to $6,500,000. Total development costs for the Islar.d Station Project are estimated at �7,500,000. iYlembers of the District 9 Planning Council have discussed the proposal with the � developer and are very supportive of current plans for the.building and site. The developer will eontinue to consult the District 9 Council and other interested groups as plans are developed and finalized. Zoning and environmental approvals for the rental housing and the entire mixed-use development project will be conducted under the standard provisions of State law and the ftiverfront L�istrict of the City's Zoning Ordinance. These approvals will be coordinated through the City's new Riverfront Office. Recom m endation At this time, staff recommends approval of the attached resolution requesting a public . hearing before the City Council for submission of a financing program to the Minnesota IIousing Finance Agency (MHFA). In addition, staff recommends that Briggs and Morgan be designated as bond counsel. As of this date, the underwriter for the investment services has not been selected but will be designated prior to submission of the financing program to the Minnesota Housing Finance Agency (MHFA). Staff further recommends that they be directed to continue negotiations with the developer, underwriter and bond counsel for the housing program, and to report on the prod ess of the negotiations and the preparation of the Redevelopment Plan in a timely manner for final consideration of the Chapter 462C finaneing program. Kenneth R. Johnson 14ary Schvaeiger • �, RESOLUT'ION NO. 84-4/25- �� RESOLUTION AUTHORIZING REQUEST FOR PUBLIC HEARING, ' AND DESIGNATION OF BOND COUNSEL AND UNDERWRITER , FOR PROPOSED MULTi-FAMILY HOUSING REVENUE BOND PROGRAM WHEREAS, Minnesota Statutes, Chapter 462C (the "Act") confers upon cities, �r housing and redevelopment authorities or port authorities authorized by ordinanee to exercise on behalf of a city the powers conferred by the Act, the power to issue revenue bonds to finance a program for the purposes of planning, administering, making or purchasing loans with respect to one or more multi-family housing developments within the boundaries of the city; and WHEREAS, the Housing and Redevelopment Authority of the City df ��int Pa�.i3., i�rlinnesota (the "HRAT') has been designated, by ordinance, to exercise, on behalf of �he City of Saint Paul, Minnesota (the "City"), the powers conferred by Minnesota c�atutes, Section 462C.01 to 462C.08; and WHEREAS, the City of Saint Paul has received a proposal from Developer John Kerwin of Nicollet Restoration, Ineorporated, to convert the former Northern States �'ower Generating Plant on the Mississippi River near the intersection of Ftandolph Avenue Pnd Shepard Road to a rental housing project of approximately seventy-seven (?7) to one hundred (100) units (the "Project") as the initiai phase of a Chapter 462 Recievelopment Project undertaking; and VIHEREAS, notice of public hearing and public hearing must be scheduled before the City Council of the City of Saint Paul, prior to preliminary approval of the proposed _ Project; and � WHEREAS, HRA staff recommends designation of Briggs and Morgan, P.A., ' , s.s bond counsel for the proposed Project; NOW THEREFORE, BE IT RESOLVED by the Board of Commissioners of The Hcusing and Redevelopment Authority of the City of Saint Paul, Minnesota, as follows: 1. HRA requests that Notice of Public Hearing be published and that a Public Hearing be scheduled and held by the City Council of the City of Saint Paul with regard to the proposed Multi-Family Rental Housing Project. 2. Briggs and Morgan, P.A., are approved to serve as bond counsel for the proposed Project. 3. The Memorandum of Understanding (Island Station Project) between the HRA and Nicollet ftestoration, Inc., is hereby approved, and the Executive Director and Assistant Secretary are authorized to execute the Memorandum of Understanding on behalf of the HRA. �,� � � . - ��- � �� - ISLAND STATION REDEVELOPMENT PROJECT _ �;S'��j��;_��:� --�i � �, r� ,TL.U'L� `y,�!_ �,- �.;. -:-.��_��c��,-�-_�_-= , ,'_ ,� ��-�i ' ,` ax�: ::�—L. `<. ��0:., , :^—�--t ---:—L -�-----�--' ..� /. •� � :.�j' I:' -` �_ �rt.' �aevnl ��1_.�� .I �^--y ��.^A, .1 _ • j �.,/\� K--�.. 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I� � _•-J��j�� (t � ,�' . �� L�rf�l � I�iJ:J�".._��_'��•��'�I • I�• 'p 6 . t� U ��'i "�/ ` �� `�iF��'� � 5 f��'I '�, J� ��7 � , .l_.``L:.�.rL,.r---• � —` ,'.� '� �C _,�.,�..,J : ; E,,/: ,: � ��... . �;,T;�E�- =_� '=;��;�- ' ��7 S�D�'L�i � v�, ((�^j I—u�_ '�L_ .�� " ��f.F.• . '. /. . _"_LJ.. ___. .. ..L.b�.. I I'-��..:� . I,L.�r•I �jt,�_.. 1�.:i:'.� _ .. - �: c-f/ L� r/`�t � ' ' � ' ti� ,��vL /�'} �: _�_) i � � r • ��z -� i �! J/' �,� �� I �� . �l � ,�.. �'� -� ��_ I � f'� I I I.L�' !�� :5;�: ,�, / ;; . � ,, � , ; , ; - ., i �ST SEVENTH DISTRICT 9 n� . .---a—°:�"",.-—",'„�,t � >m , r •' �...� rtL'� t.•. �-��L �,.. . . l -. " �' � � _ ��.�fVr.i�'(./Y?�.�� f ,�� '� � _ ''�'".' . _.`�: i .�.- .:. �"'.,.. �i - :v.-.ti..�.�._.,,,;� � I . � - , - , . ��{-�d� NOTICE OF PUBLIC HEARING ON PROPOSAL FOR A PROGRAM TO FINANCE A • MULTI-FAMILY RENTAL HOUSING DEVELOPMENT (ISLAND STATION PROJECT) To whom it may concern: Notice is hereby given that the City Council of the City of Saint Paul, Minnesota will meet in the City Council Chambers at the City Hall in the City of Saint Paul, Minnesota � at 10:00 o'clock a.m. on May 15, 1984, to consider the proposal of Nicollet Rescoration , Inc. , a Minnesota corporation (the "Developer") that the City undertake a program to finance the development hereinafter described, pursuant to the City` s housing plan under Minnesota Statutes, Chapter 462C, by the issuance of revenue obligations. The Development The development consists of the redevelopment of an abantloned Northern States Power Company generating plant for use as a multi-family rental housing development of approximately 77 to 100 rental units located on the bank of the Mississippi River at the intersection of Randalph Avenue and Shepard Road, Saint Paul, Minnesota. The total development will also include townhouses, commercial, restaurant and marina faci�.ities. The Development will be located within a redevelopment project area to be established under Minnesota Statutes, Section 273.75, subdivision 4 and 462.545, subdivision l. As required by . Federal law, not less than 20� of the units in the development will be occupied by . persons of low income, a category presently defined under federal law to mean persons or families whose income is 80$ or less of the median income for the St. Paul area as determined by the United States Department of Housing and Urban Development. Total approximate development costs will be ap�roximately $13,000,000, and the development cost fo'r the rental housing portion will be approximately $7,500,000. The Development will be aaned and operated by .� . � ��`=-��s the Developer or a partnership or other ' �� r� �f�"� entity to be formed in which the Developer � will be a general partner or principal. Non-housing components will be included within the overall development but substantially all (90$) of the rental housing development will consist of rental housing and functionally related facilities. � - � � The estimated principal amount of bonds 'or other obli- gations to Ue issued to finance the rental housing portion Development will not exceed $6, 500,000. Said bonds or other obligations, as and when issued, will not constitute a charge, lien or encumbrance upon any property of the City of Saint Paul, or its housing and redevelopment authority except the Development and the revenues, to be derived from the Development. Such bonds or obligations' will not be a charge against the City's general credit or taxing powers but are payable from sums to be paid by the owner of the Development pursuant to revenue agreements. Further information concerning the Development, and . the financing programs therefor, may be obtained from the Housing Division, Department of Planning and Economic Development, City Hall Annex - 12th floor, 25 West 4th Street, St. Paul, tdinnesota 55102 (telephone 292-1577) . At the time and place fixed for the public hearing, the City Council of the City of Saint Paul, Minnesota will give all persons who appear at the hearing an opportunity to express their views with respect to the proposal- Dated this day of April, 1984. . � � (BY ORDER OF THE CITY COUNCIL OF THE CITY OF SAINT PAUL, MINNESOTA) By City Clerk � ��.� - - � �4�- � 03 '0: CITY OF SAINT PAUL INTERDEPARTMENTAL MEMORANDUM DATE: APRIL 26, 1984 T0: AL Q�,SO�+Is CITY CLERK FROM: SHERI PEMBERTON, PED .� SUBJECT: CITY COUNCIL PUBLIC HEARING FOR MAY 15, 1984 Attached is a copy of the Public Hearing Notice, which will be published in the St. Paul Legal Ledger and the St. Paul Pioneer Press and Dispatch on Saturday, April 28, 1984. Please place this Public Hearing on the City Council Agenda for Tuesday, May 15, 1984. A City Council Resolution will be forwarded to you by the City Attorney's Office, prior to the City Council meeting. Thank you. SAP:rmf cc: Jim Hart Mary Schweiger Attachment . ' ��"�� .. -. . ��-�� NOTICE OF PUBLIC HEARING ON PROPOSAL FOR A PROGRAM TO FINANCE A • MULTI-FAMILY RENTAL HOUSING DEVELOPMENT (ISLAND STATION PROJECT) To whom it may concern: Notice is lzereby given that the City Council of the City of Saint Paul, Minnesota will meet in the City Council Chambers at the City Hall in the City of Saint Paul, Minnesota • at 10:00 o'clock a.m. on May 15, 1984, to consider the proposal of Nicollet Restoration , Inc. , a Minnesota corporation (the "Developer") that the City undertake a program to finance the development hereinafter described, pursuant to the City' s housing plan under Minnesota� Statutes, Chapter 462C, by the issuance of revenue obligations. The Development The development consists of the redevelopment of an abandoned Northern States Power Company • generating plant for use as a multi-family rental Y►ousing development of approximately . 77 to 100 �rental units located on the bank of . tYie Mississippi River at the intersection of Randolph Avenue and Shepard Road, Saint Paul, Minnesota. The total development will also include townhouses, commercial, restaurant and marina faci�ities. The Development will be located within a redevelopment project area to be established under Minnesota Statutes, Section 273.75, subdivision 4 and 462.545, subdivision l. As required by , Federal law, not less than 20$ of the units � in the development will be occupied by _ persons of low income, a category presently defined under federal law to mean persons or families whose income is 80$ or less of the median income for the St. Paul area as determined by the United States Departrnent of Housing and Urban Development. Total approximate c3evelopment costs will be ap�roximately $13,000,000, and the development cost fo'r the rental housing portion will be approximately $7, 500,000. The Development will be owned and operated by . � - ��/ . , •' J � �lf- �o� •r the Developer or a partnership or other � entity to be formed in which the Developer � will be a general partner or principal. Non-housing components will be included within the overall development but substantially all (90�) of the rental housing development will consist of rental housing and functionally related facilities. - The estimated principal amount of bonds or other obli- gations to be issued to finance the rental housing portion Development will not exceed $6, 500,000. Said bonds or other obligations, as and when issued, will not constitute a charge, lien or encumbrance upon any property of the City of Saint Paul, or its housing and redevelopment authority except the Development and the revenues to be derived from the Development. Such bonds or obligations will not be a charge against the Cit�y's general credit or taxing powers but are payable from sums to be paid by the owner of the Development pursuant to revenue agreements. � Further information concerning the Development, and . the financing programs therefor, may be obtained from the Housing Division, Department of Planning and Econoraic Development, City Hall Annex - 12th floor, 25 West 4th Street, St. Paul, i�Iinnesota 55102 (telephone 292-1577) . At the time and place fixed for the public hearing, the City Council of the City of Saint Paul, Minnesota will give all persons who appear at the hearing an opportunity to express their vie�vs with respect to the proposal. Dated this 26th day of April, 1984. � _ � (BY ORDER OF THE CITY COUNCIL OF THE CITY OF SAINT PAUL, MINNESOTA) By ALBERT OLSON City Clerk � _ �n�ji NMlCB OF PUH�dC HEAB�PtG ON A lBOIOSAL FOR,A PRO(,�RAII[ �%��j D� „ TO FINANCB A II�ULTI-FAl1�I.Y RENTA[.90USING DSVEWPIYENT' ¢SLAND STA110N i=OlBCiI_ To whom it may concem: Natke ia hereby aiv�that the C4ty Cetn�dl � ot the Ctty of SaiatPanl,�e wtllaf�et in the Gitq CouuMl CLembets at tlle Clty 16ll in the Clty of Sai�Paul.Mime�U at j$�., o'clock am.m�1[ey 1S.lYN.ta c�daYhe p Nicolk!`Aest�atlm. Inc.. a ltinmattsao�pmstim(fee°Developer••)�et the CHy tim�ke a pro�rgm ta flnance t!� developmmt lrerein�fqt�.pu�suant to tdx GtY�s ha�o�tla��mdv![lnrmda Stetuta.ChaVter!8lC. bp the i�aunce of revm�u dbli�atims. The Derel�t _ The development const,ts,ot the redevelopment of an abandoa+ed Norl6em Stata Power ComP�Y�a�B D�t for uae as a multi-Lm�dly renhl:housi� developmect oi approxLnately 77 W!00 . rental mits locatetl m 4u Amilc of the MisaSsstppt River et the lnirr�ectian of Randolph Aveaue and Sl�pard it�d, Saint Paul. ffiinaesota. The total � development wiU also indude � t�avnhouses.comme�cisl.�staurant gnd - maiina facillrio:'47ie Deyetopment will be located within a�edtvisldptl�int pro�ecf area to be establlsYiei!under�i[lanesota� Statutes,Section 273.4fi;subdivk�icn 4 and 462.345. subdiv[sloe i. As rEqnired bq Federal law,notil�6 than'!ll�ot ttte unfts "- in the developmep��be o�uDied by penons of loa �me,�tegory presmtly defineQ " law to mean persons or Oo�v�lfae leceme is 90%'or less of tlfe'mrlllse=i�coffiic Cae the 5t.Paul area es��tlil�Uaited.' � 3tates Depa�tment df Hmtsln�lud U'FEah Developmenti Tolei �ctrhaY+le'-=< deneloprtent coscs wll3�iljipr�aela�etel�,:" i19�090�00Q.a�id the dei�efopa�xt serc faF:- the�eental hob�ing'�tdr�� Vrili Yr�s r approximaSely iT,6Q6�i6? The=: Development aiH be'awn�d afW operated' ` , by tlie Developer or a prd�akEp�other ^ etYtltr to be to�meA •{n aeAic6-the i3eveloper wilt,;�e e`�henP pesYnrr ae ptliicipel. Non-2wv3ing Co�t ivill 'be 'fsciuded 'wkhla thc*ovirall drvelopmentbut s6batanttQlsaltff99636! tlse irE�ttal Iwus�tg develojfnteut;.rvlil e.msirt M rentat honafn6 and itlnc�tlahaily ieta`4ed�ci1[ties. '�'(ie.estimated princlpaISmount'ofbonds or of�iv obi[ptfons W be'#asued to flnanCi tde t+ecital6ousing�oRion Development w�ll not exceed i6.500�00. . SeId batds�oeoW_ei'ablig�tions a;and qh�n issued will�t capstiWte a charee, li�or �cutp6raxrcr uDon aty�rppertY ot the City oi 3tipt Pan1.oc`(fth�Jn4and redevebPm�t" autharitv wooeDt �e-Dtett�lopment aad tba. r�wapws W bst�i,t[ed t3+�m�L�nteJy�t 34d�bondB�abl,i�add��,��1i oot� eN�Pt thc CL1y'a�1 t�a�-pe �- powe�s but aYR-P�4le LTOms@dp►,. , � by thC ow0ti 4f the Devllopme�t�� nw��egre��ifts. *r s Furt,}�fr iqf�^ni/1Joq, conceroinR,�Y� �P.�9t..±w��:xf�taAneinB PmW'stN '. t�t�vr.#esY.b�S�rtq�a�trena t4e:Housing nsvieteet;-�.t.ai PlanBing_.ana Eco►�o�p�C De�S�mt.�It7 Hall Amex- 12th AapL �'1�at !tfi �eet, St. Paul. xinnemi:'s4��s�eeL�e�-�rri:. Ae tl�s tinie aad Dlece fiued for,scaLd pubiiF hea�iM.�:Cltj!.Cowlcil oi the CitY oi Sdaf Paul. 14lnnesota vrill Btve aII persaos who.. appear at tbe h�ring aa oyportunity to expr+eag.,their vkws;aith respect W.- tde P�' � Datei!hb fBtA dq o�Apri1.19d4. ',; (�&Y,ORDEA OF 4HS i.TPY COUNCYL QF'!'HS GtPY OF SAUPf PAW�![IIiNS90TAl : �yAL8t8TOLSON _ . - -CtfyCktk � , (Apr.Zsf