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HRA approves subordinating debt for 1068 Raymond Avenue
Summary
The HRA adopted Resolution 25-264 to subordinate existing HRA debt at 1068 Raymond Avenue after hearing no further questions from commissioners.
The Housing and Redevelopment Authority of the City of Saint Paul on Feb. 13 adopted Resolution 25-264 to subordinate existing HRA debt at 1068 Raymond Avenue (District 12, Ward 4).
Staff reported that commissioners had previously received information about the request. After brief remarks and no additional follow-up questions from commissioners, Vice Chair Jost moved approval. The motion passed by voice vote with six in favor and none opposed.
Commissioners treated the action as a routine financing step needed to advance the property’s development or refinancing; no additional conditions or amendments were attached during the meeting.
