title
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 $516,400 AND TO PARTNER WITH LOST IN NEW HAVEN, INC. TO SUPPORT THE REMEDIATION OF THE PROPERTY LOCATED AT 80 HAMILTON STREET FOR DEVELOPMENT OF A MUSEUM.
body
WHEREAS, Lost in New Haven, LLC (the "Developer") is the proposed developer of the property located at 80 Hamilton Street (the "Property");
WHEREAS, the Developer proposes to create a museum to be located within the 18,000 square foot building on the Property (the "Project");
WHEREAS, the Developer has conducted environmental assessment of the Property and determined that the Property requires additional investigation and subsequent environmental remediation (the "Remediation") to carry out the Project;
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 Five Hundred Sixteen Thousand Four Hundred Dollars and Zero Cents ($516,400.00) and to partner with Lost in New Haven, Inc., to undertake the Remediation, so as to support the redevelopment of the Property, 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.
2) That the filing of an application for State financial assistance by the City of New Haven in the amount of Five Hundred Sixteen Thousand Four Hundred Dollars and Zero Cents ($516,400.00) is hereby approved (the "Application"), and that Justin Elicker, Mayor of the City of New Haven, is hereby a...
Click here for full text