HRA Meeting Date: December 5, 2024
To: Members of the Housing and Redevelopment Authority
From: Melissa Hanson, Housing Coordinator
Title
City of Northfield Housing and Redevelopment Authority to Consider Additional Property Purchase at 706 and 716 2nd Street West, Northfield.
Body
Action Requested:
The Housing and Redevelopment Authority (HRA) to approve resolution to purchase and purchase agreement for property at 706 and 716 2nd Street West, Northfield from Northfield Hospital+Clinics.
Summary Report:
The HRA's mission is to be a partner in providing a sufficient supply of affordable, adequate, safe and sanitary dwellings in Northfield. Our goal is to create a community with housing opportunities available along the entire housing spectrum: from renters to homeownership, first-time homeowners to senior living, workforce housing, and empty nesters.
Northfield Hospital+Clinics own property at 706/716 2nd Street West, adjacent to Way Park. The properties include a vacant parcel and a parcel with a single-family home that is currently unoccupied and being used by the Hospital for storage. Under City laws for the Hospital, the City Council retains authority over the sale of property.
On November 5, 2024 the HRA Board received an updated timeline and reviewed the next steps in the transaction. The restrictive covenants need to be removed prior to executing the purchase agreement.
On November 21, 2024 the Planning Commission reviewed the Hospital's sale of property and the HRA's acquisition of the property for conformity with the 2008 adopted Comprehensive Plan and determined that the transaction is in compliance with the Comprehensive Plan.
On November 26, 2024 the City Council approved Northfield Hospital+Clinics Board request to sell the property to the HRA and to remove the restrictive covenants.
The Hospital has proposed selling the properties for a combined $325,000. The funds for the HRA purchase of the properties would come from unrestricted...
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