As the owners of the land, it actually was the Minneapolis Public Housing Authority that has negotiated the 62-year ground lease, not the City. The reason the lease is so long is to ensure that the 200 public housing units that are being built on the site remain as public housing units. Under the terms of the ground lease, no public housing units can be converted to other uses or to other types of housing.
Dean E. Carlson East Harriet, Ward 10 ----- Original Message ----- From: "Dave Stack" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]> Sent: Friday, October 26, 2001 6:16 PM Subject: [Mpls] Re: account of Hollman > According to Meleah Maynard's 26-Sep article in City Pages, the City of > Minneapolis will give the developing company, McCormack Baron, a 62-year > lease on the Hollman land. I am no expert in this area, does anyone more > familiar with these things happen to know if this is standard procedure or > unusually long. I would guess that most people involved with this deal will > be dead before the contract comes up for renewal. > > Dave Stack > Harrison > > _______________________________________ > Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy > Post messages to: [EMAIL PROTECTED] > Subscribe, Unsubscribe, Digest option, and more: > http://e-democracy.org/mpls > _______________________________________ Minneapolis Issues Forum - A Civil City Civic Discussion - Mn E-Democracy Post messages to: [EMAIL PROTECTED] Subscribe, Unsubscribe, Digest option, and more: http://e-democracy.org/mpls
