Common Contracts

Memorandum of Understanding Riverfront Recapture Area Torrington, CT

Memorandum of Understanding • October 18th, 2019 • Connecticut

• Contract Type
  Memorandum of Understanding
• Filed
  October 18th, 2019
• Jurisdiction
  Connecticut

This Memorandum of Understanding (“MOU”) is entered into as of October , 2019 by and between the CITY OF TORRINGTON, a municipal corporation (the “City”) and PENNROSE, LLC a Pennsylvania limited liability company with a principal place of business at 230 Wyoming Avenue, Kingston, Pennsylvania 18704 (together with its permitted transferees, “Developer”) regarding the proposed development of the Riverfront Recapture Area, 100 Franklin Street (117/025/001:1.4 acres) and Franklin Street (117/025/002: .62 acres), Torrington, CT (06790?) (the “Property”).