The Mission of Preservation Chelsea

It is our mission to preserve Chelsea as a village rich with history and charm, reflected by historic buildings, surrounding farmlands, and as found in our beautiful and vibrant village center. We aim to work through education, offering to ourselves and the community the history of Chelsea as well as the issues shaping our future. We intend actively to preserve historic landmarks and to have a voice in all issues that affect any possible de-centralization of our village. It is our intention to pursue this mission with full involvement and input from merchants and citizens of Chelsea and to act in ways that make sense for the preservation of Chelsea's charm and historic integrity while supporting a vibrant and successful downtown.

Federal Screw Works

Federal Screw Works
This property has been under threat of total demolition since 2008--there are historically signficant and architecturally interesting sections that should be preserved!

Jackson Street Panorama

Jackson Street Panorama
The DDA voted at the meeting on 9.20.12 to demolish the Daniels Addition Car Showroom despite the letter from the State Historic Preservation Office. (please read below)

Saturday, August 7, 2010

Updated Response, p 11

Management Plan for Purchase
While PC-CCT was not in financial position to purchase the subject property when our Initial Response was discussed at the 3-18-10 DDA meeting, we have retrenched, and have formed The Chelsea Connection, LLC (TCC) to purchase and develop the property. See Financial Plan and Scheduling and Phasing.
Within PC-CCT, we quickly identified approximately 15% of the venture capital necessary to purchase the property. Pending contingent approval to sell by the DDA, TCC, LLC will raise the remainder of the capital necessary to close, and complete renovation necessary to occupy the first floor of the Daniels and Mack buildings.
TCC has received a letter of interest from Chelsea State Bank (CSB) expressing interest in the project, and willingness to finance a portion of the project. CSB's level of commitment is contingent on execution of appropriate due diligence, and upon a firm commitment(s) to lease a portion of the site. TCC has acquired letters of intent from two tenants, including what we consider to be a cornerstone tenant (4000SF retail), and a 2000SF workshop and the first of eight apartments in the Livery Building. We also have a verbal/email commitment for the first of eight apartments in the Livery Building. See Prospective Tenant Profiles in Appendix.
PC-CCT/TCC, LLC will work actively to raise a large portion of the needed capital through grants and tax credits. So far PC-CCT is 1:2 on grant awards, having received a modest $1000 toward raising awareness and education about the role these buildings played in the evolving transportation industry. Our second grant proposal was submitted in late March 2010 and recently rejected. Based on information acquired since 2-18-10, we realize we have greatly understated these two funding sources, especially tax credits.
As a for-profit LLC, our ability to raise funding through community-wide campaigns will be somewhat limited compared to the 2-18-10 Initial Response. Fundraising will be targeted to completion of the green roof that surrounds the third floor sunroom and patio on the Livery Building.
TCC has had serious discussions with ASTI Environmental (see appendix), which has extensive experience in environmental work, and associated tax credits and grants.
Purchase Activities and Milestones
• DDA approves (by vote, hopefully at 7-15-10 meeting) to sell property to TCC, LLC, pending successful negotiation of terms and conditions.
• DDA/ City leases the complex to TCC, LLC to afford access for design and additional investigation especially in the Mack and Daniels Buildings; roof repairs, selective demolition, and clean-up to Mack and Daniels Buildings; and temporary protection and stabilization throughout the complex.

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