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ORDER OF THE BOARD OF ALDERS OF THE CITY OF NEW HAVEN AUTHORIZING THE CITY OF NEW HAVEN TO ENTER INTO A COOPERATION AGREEMENT WITH THE HOUSING AUTHORITY OF THE CITY OF NEW HAVEN AND GLENDOWER GROUP, INC. AND ECC GROUP II A RAD LLC, WITH RESPECT TO THE REDEVELOPMENT OF THE HANH RAD GROUP II A DEVELOPMENT (VALLEY TOWNHOMES); AND DESIGNATING 210-290 VALLEY STREET TO BE DEVELOPMENT PROPERTY WITHIN THE MEANING OF THE CONNECTICUT CITY AND TOWN DEVELOPMENT ACT, C.G.S ? 7-480 ET SEQ., AND ELIGIBLE FOR TAX EXEMPTION PURSUANT TO C.G.S ?7-498; AND PROVIDING A TAX ABATEMENT PURSUANT TO SECTION ?28-4 OF THE NEW HAVEN CODE OF ORDINANCES
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WHEREAS, the Housing Authority of the City of New Haven ("HANH") ,Glendower Group Inc. ("Developer") and ECC Group II A LLC (the "Owner") have begun to implement plans to redevelop Valley Townhomes located at 210-290 Valley Street, New Haven, Connecticut (the "HANH RAD Group II A Development") using funds received from the United States Department of Housing and Urban Development, together with other funding sources; and
WHEREAS, pursuant to such revitalization effort, the Developer has been selected to carry out the certain public housing redevelopment known as HANH RAD Group II A Development (the "Project") which Project involves the ownership, operation, management, construction, and maintenance of the development property; and
WHEREAS, the Developer has submitted that certain "City Cooperation Agreement By and Among The City of New Haven, Housing Authority of the City of New Haven, The Glendower Group, Inc., And ECC Group II A RAD, LLC With Respect to Valley Townhomes, 210-290 Valley Street, New Haven, Connecticut" (the "Cooperation Agreement") between the City of New Haven, HANH, Owner and the Developer, pursuant to which the Developer agrees to undertake and complete the Project and the City of New Haven agrees to perform certain functions to facilitate the Project; and
WHEREAS, the Connecticut City and Town Development Ac...
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