File #: LM-2023-0237    Version: 1 Name:
Type: Resolution Status: Adopted
File created: 3/30/2023 In control: City Clerk
On agenda: Final action:
Title: 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 $750,000.00 AND TO PARTNER WITH ART CT 770 LAND, LLC TO SUPPORT THE ENVIRONMENTAL REMEDIATION OF THE PROPERTY LOCATED AT 112 CHAPEL STREET
Attachments: 1. CHECKLIST_112 Chapel Street DECD cleanup grant - signed, 2. BOA COVER LTR_112 Chapel Street DECD Cleanup Grant - signed, 3. BOA COVER LTR_112 Chapel Street DECD Cleanup Grant - sf-jw, 4. RESOLUTION_112 Chapel Street DECD cleanup grant - FINAL 3.31.pdf, 5. PRIOR NOTIF_112 Chapel Street DECD cleanup grant, 6. FISCAL IMPACT STMT_112 Chapel St DECD Cleanup Grant, 7. NOTICE OF INTENT_112 Chapel St DECD Cleanup Grant, 8. GRANT SUMMARY_112 Chapel St DECD Cleanup Grant, 9. BOA EXEC SUMM_112 Chapel Street DECD cleanup grant, 10. LM-2023-0237
TITLE
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 $750,000.00 AND TO PARTNER WITH ART CT 770 LAND, LLC TO SUPPORT THE ENVIRONMENTAL REMEDIATION OF THE PROPERTY LOCATED AT 112 CHAPEL STREET

BODY
WHEREAS, the City of New Haven (the "City") established the River Street Municipal Development Project Plan (the "Plan") in January 2002, under which the Plan the property known as 112 Chapel Street (the "Property") was designated as Redevelopment Parcel A and subsequently acquired by the City; and

WHEREAS, ART CT 770 LAND, LLC (the "Developer") acquired the property at 128-166 Chapel Street adjacent to the Property (the "Adjacent Property") in 2019 and moved its affiliated framing business, Art to Frames (the "Business"),on the Adjacent Property in 2020 and in order to accommodate expansion of the Business, the Developer proposes to acquire the Property from the City and to construct on it a parking lot to serve a new, 10,000-square-foot warehouse that it intends to construct on the Adjacent Property to accommodate expansion of the Business (the "Project"); and

WHEREAS, the City has conducted extensive environmental assessment of the Property and has determined that the Property requires environmental remediation in order to carry out the Project (the "Remediation"); 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 Seven Hundred Fifty Thousand Dollars and Zero Cents ($750,000.00) and to partner with ART CT 770 LAND, LLC in order to undertake the Remedia...

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