3.0 HRSR 12-07-2015 - Laserfiche WebLink

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Disposition Policy and Procedure for the Sale of Vacant Lots for Market Value by the Saint Paul Housing and Redevelopment Authority Purpose The purpose of the Vacant Lot Sales policy(VLS) is to establish a procedure for the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (the "HRA")to: • Sell HRA owned or city-owned vacant lots for their market value. • Ensure lots are marketed and proposals evaluated through a clear and equitable process. The purpose of the VLS is to sell unimproved vacant lots for their market value, with no additional allocation of HRA subsidy for property improvements.To be eligible for sale under the VLS,the parcel or contiguous group of parcels must be: • Smaller than 20,000 square feet, • Vacant lots, • Eligible for sale without restrictions or encumbrances by funding programs used to acquire, hold, or prepare the property for sale. Proposals that are not eligible under the VLS shall follow the Policy and Procedures outlined in the "Disposition Policy for HRA Real Estate" as amended by HRA Resolution 09-09/23-1. Objectives • To create a consistent and open sales process that provides equal access to opportunity. • To promote responsible development of buildable parcels to ensure Saint Paul can grow competitively. • To be fiscally responsible by reducing inventory held by the HRA and increasing Saint Paul's tax base. Policy The HRA will accept applications at least once annually for vacant lots it owns that are not under contract with a developer or intended for an HRA RFP/RFQ process. Properties released through this application process will be sold for their market value and will not be eligible for additional HRA subsidy.The market value of property will be established according to the Saint Paul HRA Property Valuation Policy, approved by HRA Resolution 14-1331. HRA property will be sold "as-is" with purchase price and closing costs delineated. Applications received will be considered and accepted according to the following priorities: • First priority:Sale for construction of commercial or residential structures that create jobs or housing opportunity and increase Saint Paul's tax base. • Second priority: Neighborhood uses that provide a public benefit, such as community gardens, pocket parks, public plazas, public art installations, or others. • Third priority: Sale as a vacant lot to adjacent property owners. • Fourth priority:Sale for the purpose of landbanking. Adopted by HRA Resolution 14-1331 on August 13, 2014