CWDI board presses developer for response on proposed 2.8‑acre hotel parcel

The CWDI board said a purchase‑and‑sale agreement for a 2.8‑acre parcel intended for a hotel has been delivered to Pinnacle and is under counsel review, but discussion stalled after the prospective buyer’s attorney did not provide timely comments.

Chair (speaker 3) told the board that the sale document is now with Pinnacle’s counsel and that the agreement will require revision to reflect the final approved regulatory process. Board members said the site layout supports a roughly 90‑room, six‑story hotel and that the developer reported it can accommodate about 150 valet parking spaces for guests, with overflow on street parking for events.

Several board members raised frustration that the developer—referred to in discussion as “Tahid” in the transcript—had not engaged in steady attorney‑to‑attorney dialogue after receiving the contract around April 28. “If he’s not gonna respond, I don’t know if we should just be sitting back and have all our eggs in the heat basket,” one board member said, urging staff to push for a timely reply. A different member said the developer indicated he would provide comments the following day.

Board members asked staff to follow up directly with the developer’s counsel to identify outstanding legal points and whether delays reflect substantive objections or attorney workload. One member proposed holding an executive (closed) session later to discuss the hotel negotiation; the chair and the city’s representative noted procedural constraints for using a municipal chamber for a closed session and said the board would need to schedule any executive discussion in accordance with open‑meeting rules.

Next steps: staff will seek the developer’s written comments, involve CWDI counsel when appropriate and report back to the board; the board will consider a closed session about negotiation strategy only after confirming procedural requirements.