CAPE VINCENT The all-volunteer economic development group that made possible the $2 million Roxy Hotel restoration and aided boat manufacturer MetalCraft Marines move to Cape Vincent could dissolve in the near future because of burdensome state requirements, among other reasons, according to members.
In a dissolution proposal to town and village officials, Cape Vincent Local Development Corp. members suggest creating a joint development committee under the municipalities to replace the corporation.
Glen A. Kennedy, chairman of the LDCs investment committee, said state requirements under the Public Authorities Accountability Act would force the agency, which writes only a handful of checks each year, to spend more than $2,000 annually on auditing services for the sake of transparency.
Longtime members also are feeling burned out by the workload and believe a committee with a paid director of development position would work better for the community, he said.
Under the proposal, the new committee would have representatives from both the town and village boards and volunteer members acting as advisers to facilitate the communitys growth within the guidelines of Cape Vincents Comprehensive Plan for development.
The committee also could include representatives from local businesses, Jefferson County and groups such as the Cape Vincent Improvement League.
Unlike the nine-member LDC, which has subcommittees of its own, this new joint committee would answer to the town and village boards and either make recommendations or work within a budget set by the municipal entities.
The part- or full-time development director would take direction from the development committee board.
Mr. Kennedy said the proposal is preliminary and many details still have to be hammered out based on feedback from the town and village governments.
Cape Vincent Local Development Corp. most recently secured a $200,000 state Homes and Community Renewal grant to support the renovation of the old bait shop building on Club Street next to the ferry docks.