CAPE VINCENT The town and village governments will launch, as soon as next month, a seven-member joint development committee to replace the soon-to-be-dissolved Cape Vincent Local Development Corp.
Cape Vincents LDC is a group of volunteers that spearheaded several economic development projects in the town, including the $2 million Roxy Hotel restoration.
Because of financially burdensome state requirements, however, corporation members determined it would be too costly to maintain the LDC.
Under the states Public Authorities Accountability Act, the LDC estimated that it would be spending more than $2,000 annually on auditing services even though the organization writes only a handful of checks each year.
Vice president of the LDC and Town Council member John L. Byrne said the new joint development committee would continue the legacy of the development corporation.
We want to approach this aggressively because we believe we can make things happen in Cape Vincent, he said.
The committee will consist of three members appointed by the town board; two by the village board; one by the Cape Vincent Improvement League; and one member appointed by the local Chamber of Commerce.
Funding will come from the town and village governments, which will split the cost 60-40. The municipalities have not yet determined a budget for the committee.
One of the development committees first tasks will be searching for a professional development planner or a grant writer, which is likely to be a part-time position.
The position could be filled as soon as late fall pending the town and village boards approval of the committees pick.
The LDCs contract with Wladis Law Firm, East Syracuse, expires this month but, Cape Vincent plans to extend that contract by another three months so the firm can continue to seek grant funding and loans for private and public development projects in the community.
Mr. Byrne will act as liaison between the new committee and the Town Council.
The village Board of Trustees plans to adopt a resolution at its regular board meeting Tuesday night approving the formation of the joint development committee.