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Council hears cooperation agreement for Eastview Terrace rehabilitation
Summary
Staff presented a cooperation agreement with the Housing Authority and named developers for rehabilitation of Eastview Terrace and requested authorization tied to property taxes; committee had approved authorization.
Speaker 6 (Staff member) described a cooperation agreement involving the Housing Authority of the City of New Haven and several named entities (transcript: Glendower Inc, Eastview Terrace LLC, Eastview Terrace Bayform, Reeceyndication LLC), and stated that a developer had been selected to carry out the rehabilitation, which will include ownership, operation, management, construction, and maintenance responsibilities.
The staff presentation noted committee approval and referenced associated annual taxes connected to the authorization (the transcript referenced numerical values in the discussion but some figures were garbled). Council members did not record extended debate on the specifics during the presented remarks; the item was put forward for authorization with committee backing. The transcript does not include a final, presented contract document or precise tax-benefit calculation in this verbal record.
