TITLE
ORDER OF THE BOARD OF ALDERS OF THE CITY OF NEW HAVEN APPROVING THE DISPOSAL OF THE CITY OWNED PARCELS IN DIXWELL PLAZA KNOWN AS 200 DIXWELL AVENUE AND 26 CHARLES STREET; THE PUBLIC WAY; THE PUBLIC PLAZA AND RELATED COMMON SPACE TO CONNCORP, LLC SUBJECT TO A DEVELOPMENT AND LAND DISPOSITION AGREEMENT.
BODY
WHEREAS, Dixwell Plaza, located in the Dixwell neighborhood, is a former redevelopment parcel on Dixwell Avenue containing approximately 6.74 acres of land in total, which consists of 12 fee parcels, including the undivided interest of each fee parcel in and to an area of Common Space; a Public Way and Public Plaza. The City of New Haven (the "City") is the owner of 2 of those certain fee parcels of land located in Dixwell Plaza, located at 26 Charles Street (Map 294, Block 345, Lot 1600) and 200 Dixwell Avenue (Map 294, Block 345, Lot 1100) as well as the Public Way and Public Space (together the "Property"); and
WHEREAS, On September 1, 2019, the City and ConnCORP, LLC ("ConnCORP") entered into a Memorandum of Understanding (the "MOU") to provide ConnCORP an opportunity to perform certain pre-development tasks necessary to present a development plan to the City so as to facilitate the negotiation of legally binding agreements with regard to the proposed development; and
WHEREAS, ConnCORP seeks to acquire the Property from the City for the total sum of $750,000.00 and redevelop the same in accordance with the attached Development and Land Disposition Agreement (the "DLDA") as negotiated between the City and ConnCORP during the term of the MOU; and
WHEREAS, the DLDA provides for the construction of a mixed-used project that will promote affordable housing and will consist of a residential facility development containing at least 150 residential units, of which no fewer than 30 units shall be restricted and divided at various levels of affordability for twenty (20) years, together with 50,000 square feet of leasable commercial and/or retail space (t...
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