Amy Murphy Carroll

Affordable Housing: Town Approves Loan of Up to $4 Million for NCHA’s ‘Avalon’ Acquisition

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Though the funds likely won’t be needed, officials say, the town is prepared to offer a $4 million loan to the New Canaan Housing Authority or ‘NCHA’ as that entity works to acquire a 9.1-acre apartment development located opposite Lakeview Cemetery. Following recent votes by municipal funding bodies, the town is ready to offer the loan so that the Housing Authority can cover expenses related to its hopeful purchase of 106 Lakeview Ave. The property includes 10 residential buildings with dozens of units of various sizes, 11 garages and one large pool, tax records show. 

The acquisition is expected to help New Canaan remain exempt from a widely discussed state affordable housing law. The town faces the challenge of creating new affordable units in order to continue doing so. “Right now, it still remains that it’s likely that we will not need any funds from the town,” NCHA Chair Scott Hobbs told members of the Board of Finance during a special meeting held Sept. 16 at Town Hall and via videoconference. 

Referring to the company that created the abutting Canaan Parish affordable housing development (and redeveloped it in partnership with the Housing Authority and town), Hobbs continued: “We’re still working a little bit with New Canaan [Neighborhoods] in order to try to boost our equity.

Government

Op-Ed: Budget Update and New Mill Rate

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[Todd Lavieri is chair of the Board of Finance.]
In our effort to continue to provide up to date information, here are some background facts and context to get everyone up to speed with where we are as we set the mill rate for next year’s budget which begins on July 1st. Right now, we are projected to finish the year with a $3.9 million surplus. Expenses will be about $1.8 million less than budgeted, and our revenue will be $2.1 million more than budgeted. While that is very good, it is a little below our earlier expectations driven by slightly less revenue in some areas. Our goal every year is to give our surplus back to the taxpayers and we will do it again this year.

Board of Finance

‘We Don’t Want To See This Thing Happen Ever Again’: Finance Board Approves Further $164,000 for Playhouse

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The Board of Finance last week approved a further—and, officials say, final—approximately $284,000 for the widely anticipated restoration of the movie theater downtown. The appointed body voted 8-0 during a March 27 special meeting in favor of the Playhouse project funding, which includes a special appropriation of about $164,000 (there’s also a separate “project increase” of approximately $120,000). The special appropriation is to be used for additional plumbing for the concession, plating room and bars as well as Health Code compliance (about $59,000), more design fees for a local architectural firm ($78,000), finishes for staircases and landings ($11,000) and a ductless AC unit for an AV room ($16,000), according to Public Works Director Tiger Mann. With respect to the Health Code, Mann said municipal officials “feel the town should be responsible for in this regard, given the fact that we have a tenant coming in but we want to make sure our building is up to Code for every requirement, regardless of who we have as a tenant.”

Regarding the floor finishes, Mann said that the town had assumed the new private operator of the Playhouse, CinemaLab, “would be responsible also for the finishes on the staircases to and from.”

“And then as it shook out, through the project, we learned that they didn’t carry that number in their contract and considered that the two staircases were a means of egress and would be the leaseholder’s responsibility,” Mann said during the meeting, held in a Town Hall conference room and via videoconference. Board of Finance Chair Todd Lavieri, Secretary Chris Le Bris and members Michael Chen, Colm Dobbyn, Nick Mitrakis, Tom Schulte, Maria Weingarten and James Yao voted in favor.

Government

Op-Ed: Property Taxes And The Budget Process

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As part of our goal to keep the town informed and provide meaningful updates from time to time, this is a follow up to my summary last month regarding property revaluations. The purpose of this letter is to continue to communicate our process and to set a range of expectations given the large swings in valuations that we have seen. We don’t have all the budget facts at this point and assumptions continue to move around since my note last month. We are just starting the budget process, and just completing the revaluation assessments. As a reminder, new assessments were mailed out to property owners in December.

Government

Conservation Commission Chair Proposes Solution To Build Up ‘Land Acquisition Fund’

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The chair of the Conservation Commission this week proposed a new way for the town to help build up its reserve fund for acquiring land to preserve as open space. The Town Council created the Land Acquisition Fund in 2017, prompted by Aquarion’s effort to subdivide and sell a 19-acre parcel at the end of Indian Waters Drive. 

Since then, the Fund has accumulated just $150,000, Conservation Commission Chair Chris Schipper told the Board of Finance during its regular meeting Tuesday night. “We looked at 11 years of conveyance fees,” Schipper said during the meeting, held at Town Hall and via videoconference. He added: “The town can charge a 25 basis point real estate sales conveyance fee through a Connecticut statute that allows it. And the intention, the legislative intention of that statute was the town would use those monies to preserve open space for future generations.