title
ORDER OF THE BOARD OF ALDERS OF THE CITY OF NEW HAVEN APPROVING AN AMENDED AND RESTATED DEVELOPMENT AND LAND DISPOSITION AGREEMENT BETWEEN THE CITY OF NEW HAVEN AND DISTRICT NHV, LLC
BODY
WHEREAS, the City of New Haven (the "City") partnered with the State of Connecticut (the "State") to pursue the redevelopment of a certain parcel of land in the Fair Haven neighborhood, lying within the Mill River District, consisting of approximately 6.95 acres and located at 470 James Street, New Haven, Connecticut (the "Property"); and,
WHEREAS, the State conveyed the Property to the City for redevelopment purposes; and,
WHEREAS, pursuant to a Request for Proposal process, the City selected Digital Surgeons LLC and Urbane NewHaven LLC, which together formed District NHV LLC (the "Developer") as a single-purpose entity to acquire the Property from the City and to develop the same in accordance with a plan developed and agreed to by the City and the Developer, to implement the Project; and,
WHEREAS, said plan for the Property's redevelopment focused on the creation of an environment that would create jobs for residents, bring in new taxes for the City and State, and re-invigorate the Fair Haven neighborhood (the "Project") through redevelopment of the Property into a forward-thinking campus, with a portion of the building currently located at the Property (the "Building") acting as a unique incubation space for entrepreneurs to thrive and a portion of the property dedicated to public access to the Mill River through a riverwalk garden, a kayak launch, and an amphitheater for educational, inspirational, and entertaining events for local community members and visitors alike, in accordance with the Mill River Planning Study previously approved by the City's Board of Alders; and,
WHEREAS, the City's Board of Alders approved a form of Development and Land Disposition Agreement (the "DLDA") on March 7, 2016 that set forth the basic elements to be included in the Project, a...
Click here for full text