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ORDER OF THE BOARD OF ALDERS OF THE CITY OF NEW HAVEN APPROVING THE DISCONTINUANCE OF A REMAINING PORTION OF THE FORMER PULASKI STREET AND APPROVING A DEVELOPMENT AND LAND DISPOSITION AGREEMENT WITH RESPECT TO THAT PROPERTY KNOWN AS 793 STATE STREET, NEW HAVEN, CONNECTICUT INCORPORATING SAID REMAINING PORTION OF THE FORMER PULASKI STREET
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WHEREAS, it has come to the attention of the City of New Haven (the "City") that during previous urban redevelopment projects, a portion of the former Pulaski Street ("Remaining Pulaski Street") was never formally discontinued by the Board of Alders; and
WHEREAS, Remaining Pulaski Street serves no purpose as a thoroughfare or (due to the construction of Interstate 91) a potential thoroughfare, and accordingly, the City has determined that it is in the City's best interest to discontinue Remaining Pulaski Street; and
WHEREAS, Alpha Acquisitions, LLC (the "Developer") is the owner of that property known as 793 State Street, New Haven, Connecticut (the "Developer Property") which Developer Property abuts Remaining Pulaski Street to the North and the City is the owner of that parcel of land which is currently known as 781 State Street and operated as a parking lot by the New Haven Parking Authority (the "City Property"), which City Property abuts Remaining Pulaski Street to the South; and
WHEREAS, by way of operation of law, upon a discontinuance of Remaining Pulaski Street, one-half of Remaining Pulaski Street (to the mid-point thereof) will be owned by the Developer as the owner of the Developer Property (the "Remaining Pulaski Street Developer Portion") and the remaining half will be owned by the City as the owner of the City Property (the "Remaining Pulaski Street City Portion"); and
WHEREAS, in the event of a discontinuance of Remaining Pulaski Street, the Developer has requested that the City transfer the Remaining Pulaski Street City Portion to the Developer so that the Developer may combine the Developer Prope...
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