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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 NOT TO EXCEED $646,500 TO SUPPORT CLEANUP OF A PORTION OF 198 RIVER STREET IN THE RIVER STREET DEVELOPMENT PROJECT PLAN (MDP) AREA
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WHEREAS, on January 7, 2002, the Board of Aldermen of the City of New Haven (the "City") approved the River Street Municipal Development Project Plan (the "MDP Plan"); and
WHEREAS, the MDP Plan seeks the environmental remediation and subsequent redevelopment of parcels it so designates; and
WHEREAS, On November 6, 2006, the City purchased the property at 198 River Street, aka the Bigelow Boiler property which is a portion of Parcel I in the MDP Plan (the "Property"); and
WHEREAS, In accordance with the lease between the City and Bigelow Square, LLC, dated January 9, 2017, Bigelow Square, LLC, has proposed renovation of Building 2 at 198 River Street in the MDP contingent on the City's remediation of the land to the rear of Building 2 known as Parcel 198RS-C on a site plan dated ; and
WHEREAS, the City has completed environmental assessment of 198 River Street, including Parcel 19RS8-C.
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 Six Hundred and Forty Six Thousand and Five Hundred dollars and zero cents ($646,500.00) in order to undertake environmental remediation of a portion of the Property 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 32-76...
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