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 12

• TCC, LLC finalizes LLC Operating Agreement and Corporate Resolution.
• TCC, LLC acquires firm commitments for all funding necessary to complete Phases 1 through 4.
o TCC, LLC expands search for and secures necessary venture capital.
o TCC, LLC negotiates leases for tenants, contingent on closing.
o TCC, LLC negotiates commercial financing necessary to complete Phase 3 (occupancy of Daniels/ Mack First Floor)
• Completion of sale.
See Financial Plan for additional information.
Compensation for the City of Chelsea
The Chelsea Connection, LLC proposes to pay the DDA $200,000 for the entire property, in AS-IS condition, with no encumbrances.
We understand the DDA paid significantly more than that for the property. Based on discussion with realtors and developers, the property value (AS-IS) in today’s market may be closer to $100k.
While the TCC still believes the DDA and City can maximize return on their investment by partnering with us, as previously proposed in February 2010, there appears to be no appetite for such an arrangement.
Other Benefits for the Residents of the City of Chelsea
Key Benefits:
• Reduced liability to the DDA, the City of Chelsea and its taxpayers.
• The Chelsea Connection will be pay property tax, increasing Chelsea’s tax base, and reducing pressure on City of Chelsea budgets.
• The Chelsea Connection includes public restrooms (in the first floor of the Livery Building) accessible directly from outside, which will be available during regular business hours and special events.
• The adaptive reuse redevelop of the site offers positive, stabilizing contributions to the social and economic fabric of Chelsea as discussed below.
Chelsea is a unique and extremely attractive community. The human scale, historic downtown, charming neighborhoods, excellent schools, and other amenities are attracting new residents. When the economy recovers from the present recession, Chelsea will again attract new businesses as well.

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