Hanover Chandler Street CDC

After much discussion we are going to change the Chandler Business Group into a CDC. The reasons to do so are plentiful:

• The City of Worcester will then sell us city owned lots for pennies on the dollar through direct sales (values under 25K). Even if the property goes out to RFP, we will get the bid even if we are not the highest bidder.
• We can utilize our non-profit status and partner up with for-profit developers since we can get grant monies from the EPA for Brownfields clean-up
• Any LDA (Land Disposition Agreement) that we sign will not be enforced
• HUD loans will be given to us guaranteed by the the City who will then make any payments for us that are not waived .
• Any variance we want will be given, especially those pesky parking requirements
• Infrastructure repairs that need to be done like sidewalks and grind/overlays will get pushed to the to of the list and paid for by the City of Worcester.
• Above ground sewer lines through private property will not be questioned
• Instant respect will be ours
• Financial reporting requirementst to the City of Worcester will not be neceessary
• We can land bank properties and abandoned buildings for years

All we need is an Executive Director? Here are my nominees:

1. Councilor Rosen
2. Paulie
3. Brendan Melican
4. Jahn

Where are we going to get our funding? Other then usual sources, we are going to partner with Hanover. Yes, the Hanover Chandler Street CDC....