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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 UP TO $1,423,000 AND TO PARTNER WITH 51 MILL RIVER STREET LLC TO SUPPORT THE REMEDIATION OF THE PROPERTY LOCATED AT 51 MILL RIVER STREET FOR DEVELOPMENT OF AN AFFORDABLE HOUSING PROJECT.
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WHEREAS, 51 Mill River Street, LLC (the “Developer”) is the owner of the property located at 51 Mill River Street, New Haven (the “Property”); and
WHEREAS, the Developer proposes to construct a 24-unit affordable rental housing project on the Property (the “Project”); and
WHEREAS, the Developer has conducted environmental assessment of the Property and determined that the Property requires environmental remediation (the “Remediation”) in order to carry out the Project; 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 up to One Million Four Hundred Twenty-Three Thousand Dollars and Zero Cents ($1,423,000.00) and to partner with 51 Mill River Street LLC., 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 up to One Million Four Hundred Twenty Three Thousand Dollars and Zero Cents ($1,423,000) is hereby approved (the “Application”), and that Justin Elicker, Mayor of the City of New...
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