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 14

Adaptive reuse of the Longworth Property is integral to creating a marketing niche that make downtown Chelsea a destination for historic tourism.
Financial Plan/ Capability
Funding for the project will come from eight sources as described below. See Phasing Summary of Timeline, Funding, Debt and Value in Supporting Information Appendix.
The Chelsea Connection, LLC partners will now invest directly in the project in two ways:
• Venture Capital Shares will be sold to TCC, LLC partners in increments of $10,000, raising a total of $350,000. The majority ($220k-$250k) will be secured before closing. To date, $30k is verbally committed, and can be made available immediately for initial stabilization and investigation work. This will be the source of funding for virtually all of Phase 2: Finalize Stabilize and Publicize (including purchase of the site). Note: TCC had hoped to launch a venture capital campaign following anticipated approval of the TCC plan at the April 2010 meeting. When the DDA extended the RFP response period to allow other proposals to come forward, the TCC venture capital campaign was postponed. TCC remains confident that the necessary venture capital can be raised from within the Chelsea community.
• Several partners in TCC will invest in the project through In-Kind Services Shares, including design and construction activities. Approved expenses will be converted to TCC, LLC shares. Time spent prior to finalizing LCC terms is considered “pro-bono” and will not be converted to TCC, LLC shares. This sector contributes 12-17% of the value for the primary construction phases (Phase 3 through 6). Note: To date, TCC has verbal commitments for most professional services (design, project management, property management etc.) as well as a portion of labor/skilled trades work (carpenters, electricians, masons, plumbers etc.). TCC will begin finalizing these agreements and seek additional in-kind investors as soon as the DDA votes to negotiate sale to TCC.
With property owned free and clear by TCC, LCC at the end of Phase 2, TCC leverages lease commitments, and some additional venture capital to secure Commercial Financing. TCC will limit use of commercial financing to Phase 3 ($350k, for First Floor Daniels/ Mack) and Phase 5 ($230k, for Livery Apartments, leveraged by some commitment for apartments, and lease revenue from Second Floor of Mack Building).
Members of the PC-CCT and TCC, LLC will donate countless hours of volunteer labor throughout the completion of the project. In addition, PC-CCT will continue to mobilize the community for volunteer labor, and donations, including limited fundraising, but at a reduced level compared to our 2-18-10

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