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Morgan Street Garage Joint Ownership Agreement

State of Connecticut

The firm represented the State of Connecticut in the State’s 2003 purchase from the City of Hartford of an undivided interest in the newly constructed, public Morgan Street Garage. The State’s Capital Community College is located across the street, and the garage provides parking for students and faculty. The firm negotiated a Joint Ownership Agreement among the State, the City and the Hartford Parking Authority, the operator of the garage. The Joint Ownership Agreement covers garage management, security, standards for maintenance and repairs, insurance, hours of operation, and garage rules and regulations. The agreement also addresses financial matters such as garage operating budgets, sharing of expenses, and reporting and audit rights. The agreement has particularly extensive shared-use provisions, taking into consideration maximum use by the college during its peak evening hours, with more limited college use during the public’s peak weekday hours.

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