City Manager Gives Update on Tax Title Properties – Chelsea Record chelsearecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chelsearecord.com Daily Mail and Mail on Sunday newspapers.
ORLEANS The Zoning Board of Appeals granted a comprehensive permit Wednesday for a 62-unit affordable housing project planned for the former Cape Cod Five headquarters on West Road.
There’s still plenty of hurdles for Pennrose LLC to pass before the developer can proceed with the 40B development. Here’s what you need to know:
Financing
The project is estimated to cost $27 million.
Town meeting voters will need to approve by a two-thirds majority an article that will authorize the town to contribute $2 million to the project through a bond issue. The bond issue will be paid off over time using money taken annually out of the town s Community Preservation Act appropriation for affordable housing. This step is critical to the project, according to Alan McClennen, chairman of the town s Affordable Housing Trust Fund Board.
Route 1 Housing Program
In an effort to enhance and preserve the quality of the existing housing supply in the City of Chelsea, the City has premiered the Route 1 Housing Enhancements Program.
The Program provides assistance to homeowners seeking to address sound attenuation, air quality improvements, and exterior repairs. Targeting properties adjacent to Route 1, the Program strives to mitigate the adverse public health effects caused by Route 1, including, but not limited to, noise pollution, degraded air quality, and property damage that occurred during recent state construction.
Learn more about this program and find the application online at www.ChelseaMa.gov/Route-1-Enhancement.
ORLEANS Town officials have until March 15 to let the owners of the Governor Prence Inn know whether they plan to purchase the property.
The Select Board, Affordable Housing Trust Fund Board and Affordable Housing Committee hashed out the pros and cons of buying the inn during a joint meeting on March 3. The purchase has been the subject of many discussions since the town signed a Purchase and Sales agreement with the inn s owners, Resort Enterprises Inc.
A letter of intent between the town and the inn owners signed Oct. 21 lays out the terms of an agreement that would include putting an article seeking approval and funding for the purchase on the warrant for town meeting in May.
News Briefs – Chelsea Record chelsearecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chelsearecord.com Daily Mail and Mail on Sunday newspapers.