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Council approves land exchange with 111 North Walnut LLC to redesign downtown parking lot
Summary
The council approved a land-exchange agreement that swaps rear parcels behind 105'115 North Walnut Street to enable a redesigned public parking lot and allow private redevelopment of street-front parcels, while retaining easements for utilities.
Milford City Council on Feb. 25 approved a land-exchange agreement with 111 North Walnut LLC intended to create a redesigned downtown parking lot and open the street-front parcels on North Walnut Street to private redevelopment.
Mark, the city manager, presented the plan, saying the current Northeast Street parking lot is "in very deteriorated condition" and not laid out efficiently. Under the approved agreement, the city will retain parcels labeled A and D for construction of the new parking area; parcel B will transfer to 111 North Walnut LLC for redevelopment. Two small C parcels containing utilities and traffic-control equipment are excluded from the conveyance and will remain…
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