206.2018 Authorizing Development Agreement - TOQ and Spruce Hospitality and Big Boom Realty for Fairfield Inn and Suites Hotel Project RESOLUTION AUTHORIZING DEVELOPMENT AGREEMENT BY AND
AMONG THE TOWN OF QUEENSBURY AND SPRUCE HOSPITALITY
GROUP, LLC AND BIG BOOM REALTY, LLC FOR THE FAIRFIELD INN
AND SUITES HOTEL PROJECT
RESOLUTION NO.: 206,2018
INTRODUCED BY: Mr.Anthony Metivier
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. George Ferone
WHEREAS, Town of Queensbury Planning Board granted Site Plan approval on May 17,
2016 to Spruce Hospitality Group, LLC (Developer) for Site Plan PZ 91-2016 and Special Use Permit
PZ 90-2016 providing for the construction of a 79 room hotel to be known as the Fairfield Inn and
Suites Hotel at certain property located on Big Boom Road, subject to the Developer entering into a
Development Agreement with the Town and Big Boom Realty, LLC, owner of some or all of the real
property upon which the development will take place(Landowner), to address certain conditions of the
approval, and
WHEREAS, the Town, Developer and Landowner have reached agreement in principal on the
terms of the Development Agreement, and
WHEREAS, a copy of the draft, proposed Development Agreement has been presented at this
meeting,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves of the Development
Agreement by and among the Town of Queensbury and Spruce Hospitality Group, LLC and Big
Boom Realty, LLC for the Fairfield Inn and Suites Hotel Project substantially in the form presented at
this meeting with a revision to not require a security deposit or bond but to accept a guarantee in form
acceptable to the Town Supervisor, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes and directs the Town Supervisor to
execute the Development Agreement and the Town Supervisor and/or Director of Planning, Zoning
and Code Compliance to take such other and further action necessary to effectuate the terms of this
Resolution.
Duly adopted this 21St day of May, 2018,by the following vote:
AYES Mr. Ferone, Mr. Strough, Mr. Metivier
NOES None
ABSENT: Mrs. Atherden, Mrs. Switzer
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