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St. Paul HRA approves mortgage subordinations for Sibley rehabilitation and Skyline Tower parking improvements
Summary
The St. Paul Housing and Redevelopment Authority unanimously approved two resolutions subordinating HRA loans or mortgages to enable new financing and parking-lot improvements for the Sibley rehabilitation project and Skyline Tower.
The St. Paul Housing and Redevelopment Authority voted unanimously to adopt two resolutions that subordinate HRA loans or mortgages to allow financing and site improvements for two housing projects in the city.
The measures approved were a subordination and loan modification tied to the OAHS Sibley TC limited liability partnership’s Sibley Park and Sibley Court rehabilitation project and a mortgage subordination to permit a maintenance agreement and parking-lot easements at Skyline Tower.
The action mattered because both resolutions remove or adjust HRA lien priorities so private or third‑party financing and maintenance arrangements can proceed. Director Newton told the board staff recommended approval of both items; both matters had been the subject of a staff presentation at the previous meeting.
On the Sibley item, identified in the packet as Resolution RES 25-759, staff recommended approving subordination of the HRA loan and a modification of loan terms for OAHS Sibley TC Limited Liability Partnership, for work at Sibley Park and Sibley Court at 211 E. Seventh Street and 484 Temperance (Ward 2). Commissioner Naker moved approval and thanked staff for providing additional information. Naker noted that staff had investigated whether the period of affordability could be extended and said that was "not possible for a couple of different reasons," while urging the agency to seek longer affordability terms when feasible. The motion passed by voice vote: 6 in favor, 0 opposed; the resolution was adopted.
On the Skyline Tower item, listed as Resolution RES 25-740, staff said the board was acting on "version 2" of the resolution because the original draft did not accurately reflect the mortgage subordination language. Director Newton said the revised language merely clarified how the HRA mortgage would subordinate to a maintenance agreement and declarations for parking‑lot improvements and easements at Skyline Tower, 1247 St. Anthony Avenue (Ward 1, District 13). Commissioner Bowie moved the item and praised staff work and the planned pedestrian‑safety and parking improvements, saying she had visited the site and was "super excited to support" the agreement. The board approved the resolution by voice vote: 6 in favor, 0 opposed.
Votes at a glance — both resolutions adopted
• RES 25-759 — Subordination of HRA loan and modification of loan terms for OAHS Sibley TC LLP (Sibley Park and Sibley Court rehabilitation, 211 E. Seventh St. and 484 Temperance, Ward 2). Mover: Commissioner Naker. Outcome: adopted, vote tally 6–0 (1 excused).
• RES 25-740 — Consent as mortgagee and subordination of HRA mortgages to a maintenance agreement and declarations for parking improvements and easements (Skyline Tower, 1247 St. Anthony Ave., Ward 1, District 13). Mover: Commissioner Bowie. Outcome: adopted, vote tally 6–0 (1 excused).
The meeting record shows both items returned for action after staff presentations at the previous meeting; staff recommended approval and the board adopted the revised resolution language in the Skyline Tower matter so the document accurately described the intended mortgage subordination. Chair Joe Johnson called the roll, confirmed six members present and one excused, and announced each vote.
