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RESOLUTION OF THE NEW HAVEN BOARD OF ALDERS AUTHORIZING THE CITY OF NEW HAVEN TO APPLY FOR AND ACCEPT A GRANT FROM THE CONNECTICUT DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT IN THE AMOUNT OF $200,000 TO SUPPORT THE ENVIRONMENTAL INVESTIGATION OF PROPERTIES AT 71 SHELTON AVENUE AND 89 SHELTON AVENUE.
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WHEREAS, ZSY Development LLC is the owner of that property known as 71 Shelton Avenue, New Haven, Connecticut 06511 (“71 Shelton”) and New Haven Business Center LLC is the owner of that property known as 89 Shelton Avenue, New Haven, Connecticut 06511 (“89 Shelton”);
WHEREAS, ZSY Development LLC and New Haven Business Center LLC (together the “Property Owners”) are under common ownership and control and are proposing the redevelopment of 71 Shelton and 89 Shelton (adjacent properties and together the “Site”);
WHEREAS, the Property Owners conducted an environmental assessment of the Site and remediated 89 Shelton and partially remediated 71 Shelton to the Industrial/Commercial criteria of the Connecticut Remediation Standard Regulations;
WHEREAS, supplemental environmental assessments are required in order to determine the extent of additional remediation necessary in order that the Site may be redeveloped. (the “Additional Investigation”);
WHEREAS, pursuant to Section 32-763 of the Connecticut General Statutes, the Connecticut Department of Economic and Community Development (the “State”) is authorized to extend financial assistance for eligible costs of brownfield remediation projects and brownfield assessment projects; and
WHEREAS, it is desirable and in the public interest that the City make an application to the State for a grant in the amount of Two Hundred Thousand Dollars and Zero Cents ($200,000.00) to enable the City to perform the Additional Investigation so as to support the redevelopment of the Site by the Property Owners and to execute an Assistance Agreement for that purpose.
NOW, THEREFORE, BE IT RESOLVED by the New Haven Board of Alders that:
1) It is cognizant of the conditions and prerequisites for State assistance imposed by Section 32-763 of the Connecticut General Statutes; and
2) That the filing of an application for State financial assistance by the City of New Haven in the amount of Two Hundred Thousand Dollars and Zero Cents ($200,000.00) is hereby approved (the “Application”), and that Justin Elicker, Mayor of the City of New Haven, is hereby authorized and directed to execute and file the Application with the Connecticut Department of Economic and Community Development, to provide such additional information as may be required, to execute such other documents as may be required in the Application process, to execute an Assistance Agreement with the State of Connecticut for financial assistance (if such an agreement is offered) in the amount of $200,000.00 or such lesser amount (if any) as may be offered by the State (which Assistance Agreement may include an indemnification of the State and/or appropriate agencies of the State), to execute any amendments, rescissions, and revisions thereto, and to act as the authorized representative of the City with respect to all other matters pertaining to the Application.