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RESOLUTION OF THE NEW HAVEN BOARD OF ALDERS AUTHORIZING THE CITY TO APPLY FOR AND ACCEPT A GRANT FROM THE CONNECTICUT DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT IN THE AMOUNT OF $995,600 AND TO PARTNER WITH 10 LIBERTY STREET OWNERS, LLC TO SUPPORT THE DEMOLITION AND ABATEMENT OF THE BUILDINGS LOCATED AT 10 LIBERTY STREET
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WHEREAS, 10 Liberty Street Owners, LLC (the "Developer") is the proposed developer of the property located at 10 Liberty Street (the "Property"); and
WHEREAS, the Developer proposes to construct a 150-unit affordable housing project on the Property (the "Project"); and
WHEREAS, the Developer has conducted extensive environmental assessment of the Property and a hazardous building materials assessment of the four (4) buildings on the Property, and determined that the Property requires environmental remediation and potential removal of any ashy soil situated at the Property (the "Remediation"), including the demolition and abatement of the existing buildings situated at the Property (the "Demolition and Abatement"), to carry out the Project; and
WHEREAS, the Connecticut Department of Energy and Environmental Protection (DEEP) is in receipt of a final verification letter, submitted on September 28, 2021, for which DEEP issued a No Audit Letter, completing the remediation obligations under the Connecticut Transfer Act; and
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 economic development projects; and
WHEREAS, it is desirable and in the public interest that the City make an application to the State for nine hundred ninety-five thousand six hundred dollars and zero cents ($995,600.00) and to partner with 10 Liberty Owners, LLC in order to undertake the Demolition and Abatement, so as to support the redevelopment of the Property, and to execute an Assistance Agreement for t...
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