Offers have been submitted by several developers for an industrially-zoned, 150-acre parcel of undeveloped land the city of Waterbury owns close to the Naugatuck border.
According to Mayor O’Leary, he is not at liberty to release details concerning the offers received or even the number that were submitted by the deadline of September 9, under the reasoning that such information could undermine sales negotiations. State law permits responses to proposals to be kept a secret until negotiations fail or a deal is reached, as a means of protecting the bargaining power of municipalities.
It is important for companies to have Letterheads that project a professional image when they are submitting proposals, offers or other professional correspondence.
This recent attempt to sell the property is Waterbury’s second try in just over a year. Different city administrations have considered a variety of development proposals over the last 10 years, including a casino, a mall and a dog track, but none have panned out. This lack of success is mostly due to the topography of South Main Street, which is steep and rocky making development costly and difficult.
Waterbury Mayor O’Leary and Naugatuck Mayor “Pete” Hess have come to an agreement that will to enable access to the property via the Naugatuck's industrial park. In return Waterbury will receive all profits from the land sale but will split evenly any future property tax with Naugatuck.
The State of Connecticut has promised $2.8 million for the purpose of extending utilities and building a road into the parcel.
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