Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Developers and city at impasse over predevelopment fees as hotel MOU negotiations continue
Summary
Developers proposing a downtown boutique hotel and extended-stay redevelopment said they have spent about $57,000 out of pocket and requested reimbursement plus a consultant fee; city staff flagged three sticking points — reimbursement, advisory fee size and historical‑tax-credit coordination — and commissioners asked for a narrow negotiation to bring back a revised MOU.
Developers working on a proposed downtown boutique Marriott and an extended‑stay conversion of the Auburn Herald and adjacent properties told the commission they have advanced due‑diligence work for about a year and a half and asked for limited predevelopment reimbursement and consultant compensation so they can deliver final drawings and pricing to potential lenders.
Developer representatives said they seek reimbursement of approximately $57,237.19 for prior out‑of‑pocket costs and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
