(Chelsea Update would like to thank D&B Strategic Marketing for the information in this story.)
Main Street Park Alliance (MSPA) and the City of Chelsea recently signed a Letter of Intent (LOI), which is an important step toward negotiating a development agreement for the former Federal Screw Works property across the street from Perky Pantry on Main Street.
It signifies the willingness of the City of Chelsea and MSPA to work together in good faith to develop an agreement to revitalize and reimagine the former Federal Screw Works site.
At the May 1 City Council meeting, Community Development Director Adrianna Jordan addressed the council with the background work done by city staff and attorneys “to draft a non-binding Letter of Intent related to the roles and responsibilities of MSPA and the City of Chelsea relative to site remediation, park development, and milestones triggering transfer of ownership from MSPA to the City of Chelsea. Execution of this LOI not only helps define the aforementioned items, but also provides good faith reassurance to outside agencies that are committing funds going towards site cleanup. If the City Council approves this LOI, it is the intention of MSPA and the City to begin drafting a development agreement over the next few months.”
Council approved the motion with Council Member Charles Wiseley voting against it.
Mayor Jane Pacheco said in a press release, “We are excited to take this next step with MSPA and continue to demonstrate our commitment to the project with additional legal, environmental, and city staff resources. It is wonderful to see the progress build.”
MSPA Board Member and developer Joe Ziolkowski said, “We believe that through our strong public-private partnership (PPP) we will transform a previously blighted site into a dynamic park for the entire community to enjoy for many years. MSPA is grateful for its partners, particularly the City of Chelsea, and looks forward to a productive PPP relationship and outcome that will positively impact our community and serve as a model for other communities.”
To learn more or demonstrate support by donating $5, visit MainStreetPark.org.
