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Supervisor says Front Street conveyance hinges on developer meeting master-agreement obligations
Summary
Supervisor told the board attorneys and engineers identified outstanding requirements the developer must meet before the town will sign for conveyance of 'schedule B.' He warned the town risks litigation if it fails to attempt to honor the master agreement.
The Supervisor updated the board on the lengthy Front Street project and described a process that, he said, requires the developer to complete several defined steps before the town will sign for conveyance of schedule B.
"If he doesn't do those things, then we might never sign," the Supervisor said, summarizing attorney and engineering concerns and emphasizing that the town is committed to ensuring the developer honors the master agreement. He said the master agreement dates back to 2005 and contains no hard completion dates, which complicates current negotiations.
The Supervisor said the board convened attorneys and engineers in Glens Falls, reviewed prior memoranda (noting versions dated in 2006 and 2008) and the APA correspondence, and agreed that water-district resources and pipeline relationships are among the town's primary concerns. He described sending a confidential memo to the board that will likely result in a formal letter to the developer outlining outstanding requirements.
Board members emphasized adherence to the master agreement while also acknowledging the project's scale and paperwork. The Supervisor said attorneys advised that abandoning the master agreement could lead to litigation, so the town will press the developer to meet the listed obligations before any conveyance.
