Kristin Geenty SIOR’s Post

The State of Connecticut via AdvanceCT has an initiative that certifies sites as being shovel ready or investment ready. The added benefit of the Certification, in addition to being able to assure potential buyers that the land is fully developable, is that the State of Connecticut will potentially take a more active role in property marketing in addition to all the tools that the property owner or broker already take. *Spoiler Alert* Shovel Ready is an investment of both time and dollars. Application criteria follow: *Current Ownership Structure/Documented Site Control (and letter of support) *Municipal letter of support (commitment to re-zone, permit/approval schedule) *Documentation of Sales Price/Conditions of Sale or Lease from controlling entity *Easements, judgements, and liens *Environmental audits (Phase 1) *Topography Survey/Analysis *Letter of support from utility providers (power, gas, water, wastewater) *Wetlands Delineation (maps/reports); Flood zones Plan for mitigation of wetlands (cost, timeline, etc.) Report/Maps of rare or endangered plant/animal species, archeological findings, historic sites or structures, etc. Title search (50-year history) Site exemption status Engineer certification of filled areas Letter of support from rail provider Telecommunication services information Additional Competitive Advantage Info Labor Force Assessment DOT letter describing plans for road improvements Incentives associated with the property Schedule/commitment for improvements (*Indicates mandatory documents)

Tom Hill III, CCIM/SIOR

Owner/ Broker at Tom Hill Realty & Investment

2mo

Hi KG Your posts are always educational. Thank you TH3

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Renee Stevens

Commercial Realtor, Sales & Leasing Press | Cuozzo Realtors 860-964-0205

3mo

Good information! Thank you for this Kris.

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