A new-look City Council will kick off the municipal session on Monday with the first order of business election of the legislative leader. Aidee Nieves is expected to receive another two years as council president with a solid majority of votes, followed by appointment of standing committees.
A key agenda item is authorization of a tax incentive development agreement for the residential and hotel phase of Steelpointe Harbor along East Main Street and Stratford Avenue. It will be referred to the joint Committee on Economic and Community Development and Environment and Contracts.
Goldman Sachs and JP Morgan Chase were among 32 financial firms that recently invested in a $48 million bond prepared by Steelpointe Harbor developer RCI Group for future construction phases such as hotel, health club and 300 market rate housing units. Groundbreaking is expected April 2022.
Developer Robert Christoph Jr. says the $48 million revenue bonds will provide the resources to commence construction of the housing towers and hotel. The ultimate plan for Steelpointe Harbor, he says, developing 1,700 residential units, 800,000 square feet of retail space, 200,000 square feet of commercial/office space, and a 130-room hotel overlooking the 220-slip marina.
Steelpointe Harbor is the home of Bass Pro Shops, Chipotle, T-Mobile, Starbucks, Bridgeport Harbor Marina, and Boca Oyster Bar. Christoph has also recruited Bridgeport Boatworks, Hornblower Group, and North Sails to Bridgeport Harbor at the former CarTech property on Seaview Ave.
“The bond sale supports our vision for Steelpointe Harbor in Bridgeport,” says Christoph, president of RCI Group. “We look forward to the next couple of years as vertical construction continues, new businesses and new jobs are created, and the hotel and housing towers begin to welcome visitors and residents to a new live, work and play Connecticut waterfront neighborhood.”
City Council agenda:
PUBLIC HEARING(S) TO BE ORDERED BY THE FULL COUNCIL:
Request from OPED to Order a Public Hearing for December 20, 2021 at 7:00 p.m. re: Proposed Resolution making certain findings required by the City and Town Development Act (As Precursor to Consideration of a Tax Incentive Development Agreement) for Steelpointe–New Residential Development along East Main Street South of Stratford Avenue.
Request from OPED to Order a Public Hearing for December 20, 2021 at 7:00 p.m. re: Proposed Resolution Authorizing a Tax Incentive Development Agreement for a New Residential Development at Steelpointe along East Main Street South of Stratford Avenue.
COMMUNICATIONS TO BE REFERRED TO COMMITTEES:
Communication from Labor Relations re: Proposed Tentative Agreement with the Connecticut Association of Labor Unions (CALU), (Nurses Union) regarding their Bargaining Unit Contract for the term of July 1, 2019 through June 30, 2025, referred to Contracts Committee.
Communication from Labor Relations re: Proposed Tentative Agreement with the Bridgeport School Crossing Guards Association regarding their Bargaining Unit Contract for the term of September 1, 2021 through August 31, 2026, referred to Contracts Committee.
Communication from Tax Collector re: Refund of Excess Payments–2012 ESA Project Company, LLC regarding 522 Fairfield Avenue, referred to Miscellaneous Matters Committee.
Communication from Tax Collector re: Refund of Excess Payments–DRS Naval Power Systems, Inc. regarding 196 Island Brook Avenue, referred to Miscellaneous Matters Committee.
Communication from Tax Collector re: Refund of Excess Payments–DRS Naval Power Systems, Inc. regarding 141 North Avenue, referred to Miscellaneous Matters Committee.
Communication from Central Grants re: Grant Submission: State of Connecticut Court Support Services Division–Youth Violence Prevention Initiative (#22399), referred to Public Safety and Transportation Committee. 07-21 Communication from Central Grants re: Grant Submission: National Fitness Campaign–Healthy City Grant Program (#22328), referred to Economic and Community Development and Environment Committee.
Communication from Central Grants re: Grant Submission: United States Conference of Mayors–2022 Childhood Obesity Prevention/Environmental Health and Sustainability Awards (#22305), referred to Economic and Community Development and Environment Committee.
Communication from Central Grants re: Grant Submission: Southwestern CT Agency on Aging (SWCAA)–Title III Funding Older Americans Act Grant Program–American Rescue Plan Act Funding–Bridgeport Seniors Center Recreational Activities Expansion (#22419), referred to Economic and Community Development and Environment Committee.
Communication from OPED re: Proposed Resolution making certain findings required by the City and Town Development Act (As Precursor to Consideration of a Tax Incentive Development Agreement) for Steelpointe–New Residential Development along East Main Street South of Stratford Avenue, referred to Joint Committee on Economic and Community
Development and Environment and Contracts.
Communication from OPED re: Proposed Resolution Authorizing a Tax Incentive Development Agreement for a New Residential Development at Steelpointe along East Main Street South of Stratford Avenue, referred to Joint Committee on Economic and Community Development and Environment and Contracts.
Communication from City Attorney re: Proposed Litigation Settlements (with Modified Conditional Participation Agreements) concerning Certain Litigation Comprised of Various Consolidated Class-Action Opioid Lawsuits Pending in the State of Connecticut, referred to Miscellaneous Matters Committee.
This 7 p.m. meeting will be conducted by Teleconference.
The public may listen by calling the following conference line and then entering the conference code:
Dial-In Number: (929) 436-2866
Meeting ID: 381 083 245
“Goldman Saks and JP Morgan and Chase”
C’mon Lennie, you know better.
It’s Goldman Sachs…..Saks is the Department store chain
It’s JP Morgan Chase, one company
Happy Chanukah……………………
Shop there lately! Thank you for catch.
Actually, Lennie, I shopped the Saks in Greenwich for a holiday gift for my daughter about 10 days ago. I am old enough to remember when Saks a branch in my hometown, New Haven that only carried menswear (aimed at Yalies).
I have a savings account at Marcus-Goldman by Goldman Sachs (how could I resist banking with a Marcus?).
I carry a JP Morgan VISA Credit Card
Lennie, you wrote, “A new-look City Council will kick off the municipal session on Monday with the first order of business election of the legislative leader. Aidee Nieves is expected to receive another two years as council president with a solid majority of votes, followed by appointment of standing committees.” “A new-look City Council with a number of new members will mean absolutely NOTHING for those who ran for office because they want change is the council is still being control by the past leadership. You are the legislative body of the City and as such you are the gatekeeper who controls what of what gets pass You are not to be controled by the Democratic Town Committee and their chairman Mario Testa, the City Attorney or Mayor Ganim, they can advise you but your duty is to what is best for those who put you into office
One of the biggest vote the council will vote on is:
Request from OPED to Order a Public Hearing for December 20, 2021 at 7:00
p.m. re: Proposed Resolution Authorizing a Tax Incentive Development
Agreement for a New Residential Development at Steelpointe along East Main
Street South of Stratford Avenue.
What is the city getting for those tax incentive, what will be breakdown the rent or purchasing price by income, what will be the racial breakdown of the occupancy the contractors and those are just a few questions that must be address. Do your job, ask questions and if don’t then find out and get answers. Tyler Mack and Aikeem Boyd base on their background and accomplishments need to be in the leadership.
I understand how RCI Group (Christof) adds value to Steelpointe but I don’t understand how they take risk. Anyone can have a vision when armed with a tax break and a 48M bond but execution is the true success metric.
Without struggle nothing is possible.