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St. Paul approves infill-lot incentive for two new homes at 1404 Grant Street
Summary
The council approved a reimbursement-style Infill Lot Housing Program award for STS Construction to build two homes at 1404 Grant Street; the program is funded by economic-development sales tax and ties final grant payments to completed development value.
Parker Klinginsmith, executive director of the St. Paul Development Corp., presented the Infill Lot Housing Program application for the property at 1404 Grant Street on March 3. Klinginsmith described the program as a reimbursement grant that incentivizes new residential construction, whether for ownership or rental, based on the project’s final development value and funded by economic development sales tax.
Council member Mark Wilson moved to approve STS Construction (Tyler Solko) for the Infill Lot Housing Program for the maximum listed amount of $36,060.90; Council member Jerry Woodgate seconded. Klinginsmith told the council that the actual payment would likely be nearer $28,000 based on the estimated final development value. The motion passed 4-0.
The approved application covers construction of two new single-family homes with full basements and two-car garages. The transcript reflects that the SPDC recommended the award to the council. The council did not record detailed construction schedules or deed restrictions in the minutes provided.
Next steps identified in the meeting minutes include project completion verification to determine the final reimbursement amount and standard reporting to the SPDC and council when milestones are met.
