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e . e SponSOL r.('lll\,ni "i e:; i ()T' e..:r:.....c.o.1.t:.man RESOLUTiON NO. 99-8/25- 9 Resolution Deslgn~ti\lg CcotexMulti-F;llnily Communities, L.P., ~,Tent~tivc Developer for Upper L3nding Site WHEREAS, the Upper Landing Sitc is an approximate 17.7 acre par<:el ofla.nc1 bounded by Cheslnur Street to the East, the Mississippi River to the South, the high bridge to the West and rail tra<:ks ana the river bluff to the North (Slt~); and \VHf..REAS, the Site WaS historically used forresidential and industrial purposes and has been c1~arcd of structures; and WHEREAS, the Site creates an opportunity to recolUleet the river to the City and its downtown core, but there rem~ins several significant problems to red~Vcloping th~ Site, including geotechnic3l issues, flood plain issues, and envirorunental issues; and WHEREAS. Centex Multi-Family Communilies, L.P. (hcrcin~ft"r "Centex") h~s submitted a proposal to inyeSI its timc, expertise:md money ,\0 extensively study the Site and move the curren I conceptual plan for the Sile to a. level that details the economic feasibility of development of the Site, that is consistCllt with the vision ofthe Saint P:\uI on the Mississippi-Development Ft~mework, and has requested Tentative Developer designation for the Site; and WBEREAS, Centex Homes, an affiliate of Centex Multi-Family, has built over $40 million in single family homes in the Saint paullMinneaJlolis area in 199B, and is a sllbsidiary of Cente" CorpDr~tion, the second largest flomebuilder in the United States, and based on its expertise, interest in tbe Si te and financi~lsrrength, the Centex proposal is preferred; and WHEREAS, public benefits of the proposal include possible expansion of the housing supply of the City. redevelopment of II critical site along the river, and rteonnection oftlle City to the river. }lOW, THEREFORE. BE IT RESOLVED, by tbe Board of commissioners o;lhe Housing and Redevelopment Authority of the City of Saint Paul, Minnesota (herei~~ftcr "HRA") that Cent ex Multi-Family Communitics, L.P., is designated as Tentative Developer for the Upper Landing Site for a period of270 days, within such period Ccutex will complete, at its own COSI, th" following: (1) Conduct an in depth analysis of the environmental issues, geotechnical issues and flood plal!1 control issnes relating to me Site; (2) Retain a local architect, approved by staff, to assist C ent~X in its investigation and analysis of me Site;