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city_of_norwich_council_meeting_agenda_october_202.pdf

City cites prior Chelsea Groton Bank leaseback

Norwich Housing AuthorityCHELSEA GROTON BANKOctober 20, 2025

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
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Description

Norwich references its 2024 acquisition and leaseback arrangement with Chelsea Groton Bank for the former downtown bank building at 300 Main Street, whose lease ended July 31, 2025. The context supports a new initiative to secure a short-term tenant for the vacant facility.

Contract Details

Vendor

CHELSEA GROTON BANK

Agency

Norwich Housing Authority, CT

Contract Type

FINANCIAL_SERVICES

Document Date

October 20, 2025

Contract Term

Leaseback ended July 31, 2025

Renewal Date

2025-07-31

Renewal Info

Leaseback of 300 Main Street to Chelsea Groton Bank concluded July 31, 2025 and is not being renewed; the city is now seeking a new short-term tenant.

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