Title
RESOLUTION AUTHORIZING TERMINATION AGREEMENT WITH FATHERS RISE TOGETHER FOR DEVELOPMENT OF 319 NORTH 28TH AVENUE WEST.
Body
CITY PROPOSAL:
RESOLVED, that the proper city officials are hereby authorized to enter into an agreement substantially in the form of attached Exhibit A between the City and Fathers Rise Together, terminating City Contract No. 24357.
Statement of Purpose
STATEMENT OF PURPOSE: The purpose of this resolution is to terminate the existing Agreement between the City and Fathers Rise Together. The existing Agreement authorized demolition of the condemned and blighted structure by the City to facilitate new development of long-term housing for individuals recently released from incarceration by Fathers Rise Together (Developer). To facilitate conveyance of the property at an affordable cost to the Developer, DEDA has approved acquisition of the parcel from St. Louis County at the discounted price of $500, plus fees. Once acquired, DEDA will convey to the Developer and approve a Land Sale Agreement with the same conditions as the original agreement.