HRA Meeting Date: November 2, 2023
To: Members of the Housing and Redevelopment Authority
From: Melissa Hanson, Housing Coordinator
Title
HRA Land Disposition Policy Discussion and Recommendation
Body
Action Requested:
HRA to discuss and consider approval of policy and procedures regarding the disposition of HRA-owned properties
Summary Report:
At its October 16, 2023 work session, the HRA reviewed the legal considerations that had been identified by the city attorney as the HRA looks to move forward with the adoption of a disposition policy for currently owned HRA properties and future properties that the HRA acquires.
Staff shared different disposition policies that are currently in place in other Minnesota communities. HRA board members identified Saint Paul HRA’s disposition policy as having the type of framework that is desired when addressing the sale of property acquired by the HRA through tax forfeiture, blight remediation, or vacant land purchase.
Based on the Saint Paul framework, staff had also asked the board to consider policies from both Austin HRA and Alexandria HRA that address existing HRA owned property that is not otherwise addressed in the Saint Paul policy.
Note: Staff will provide a supplemental memorandum with the draft policy/procedures on Monday, October 30, 2023.
Alternative Options:
Staff can research additional options.
Financial Impacts:
Financial impacts are generally related to additions to or subtractions from the HRA budget and potential tax base impacts based on development opportunities.
Tentative Timelines:
N/A