Stratford Town Council Minutes 2026-05-11
Town approves $1.69M sale for East Broadway TOD project
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Description
Stratford finalized a $1,694,000 land disposition agreement with Romano Brothers Builders LLC for development of 154 apartments and a parking garage across 1000, 952, and 972 East Broadway. The deal includes easements, a long-term ground lease back to the Town, and a 10-year maintenance covenant.
Contract Details
Contract Amount
$1,694,000.00
Vendor
ROMANO BROTHERS BUILDERS LLC
Agency
Town of Stratford, NY
Contract Type
FACILITIES
Document Date
May 11, 2026
Contract Term
Ground lease up to 99 years for 952 East Broadway; Declaration of Restrictive Covenants minimum 10 years maintenance
Renewal Info
Ground lease for 952 East Broadway may extend up to 99 years; Declaration of Restrictive Covenants requires at least 10 years of project maintenance. Additional renewals or modifications would be governed by the agreement terms.
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Stratford Town Council Minutes 2026-05-11
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Stratford Town Council Minutes 2026-05-11
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