ATLANTIC CITY COUNCIL TABLES PUBLIC HEARING ON BOULDERS INN DEVELOPMENT AGREEMENT
(Atlantic) There is still no official agreement with officials from Boulders Inn and Suites on a proposed development agreement. The City Council tabled a public hearing and action on the development proposal at Wednesday night’s meeting.
Councilman Shawn Shouse, a member of the Finance Committee, says the parties involved were getting close to an agreement but they didn’t have anything in hand ready for the council to take action on.
“A reason being, the Finance Committee has been working with the City Administrator and the City Attorney and they have been discussing a proposed development agreement with representatives from Boulders, but have not yet come to an agreement on something they would like the Council to vote on,” explained Shouse.
Originally, the City Council agreed to an incentive package with a $125,000 up front grant, which the Developer identified as “critical” in financing the project. However, Mayor Dave Jones says in April they discovered the development agreement had not been signed by the January 1, deadline, so the council rescinded their original agreement and set out to draw up a new one.
Councilman Kern Miller questioned why they did not sign the agreement at the first meeting.
Councilman Shawn Shouse said,“They expressed confusion over the requirements.”
“But if they had confusion, why didn’t they come to us prior to that?” asked Miller.
“I don’t know but that’s really not the point, at this point it didn’t get signed and that’s all there is to it,” said Shouse.
“Well I think that’s a question to a lot of the people in this community right now,” said Miller.
Boulders representatives say the development agreement was part of the financing plan, and the money would not have been available to Boulder’s until the project was completed, which is and open for business.
The Council did not set a date for a new public hearing on the issue until both parties come together on an agreement.