900 Broad Street, an urban renewal project proudly owned by the Zaaco Group, LLC of Freeport NY
A $1.00 Success story courtesy of the City of Hartford?
For years, the City of Hartford has been reckless in the way it does business. Will it change under a Bronin administration? Who knows, but only time will tell.
Here are a couple more troubling examples.
On May 28, 2015, by a Council resolution, the City turned two properties over to a New York state developer, the Zaaco Group LLC.
Despite information from community members about the dubious reputation of the Zaaco Group, the transfer took place
The deed transferred from the City of Hartford to the Zaaco Group, LLC on May 29, 2015 and had specific restrictions regarding the timeline for rehab of the property to prevent it from sitting empty as a blighted property. To date, almost exactly a year later, nothing has happened
As you can see from the deed below, rehab of the property was supposed to commence "promptly" and Zaaco was supposed to pursue the renovations of the property "diligently" and conduct "diligent efforts" to lease the property to bona fide tenants. Legal talk for fix the blighted property.
The Zaaco Group, LLC was also required to pay al taxes and keep the property current, which they have not.
These sweetheart deals to people that have no connection to Hartford and who could care less about the damage a blighted property does to a neighborhood, need to end. At the very least Mayor Bronin should be instructing the Corporation Counsel to commence legal action to take the building back so possibly it could be put in the hands of someone who is actually going to do something with it before it collapses from neglect.
It is not too hard to figure out how the Zaaco Group, LLC earned their place on the Nassau County New York contractors Hall of Shame.
The next chapter later this week, 97 Williams Street, another $1.00 Property, still burned out and blighted a year later.