Town, Developer Meet

March 10, 1991

SYKESVILLE — The developers of a business complex on Raincliffe Road at Route 32 met in closed session with the Town Council and mayor Tuesday to workout additional details of financing.

At the Feb. 25 Town Council meeting, the council split, 3-3, on a vote to introduce an ordinance accepting Security Enterprises Inc.'s proposal to finance the Mount Etna Business Center with $1.5 million in state and county loans.

David W. Moxley, representing the developer, then requested de-annexation from the town for the center but said that the firm still hoped to work out financing with the town.

Tuesday's meeting was a workshop session "to try to clear up misunderstandings," Moxley said."We felt the need to come back and try to address the concerns of the town."

Town Manager James L. Schumacher said Wednesday that Moxley did present the council with a new proposal, although he would notgive any details on the new plan.

Moxley said that if the town didn't approve the state/county loan package, the developers had other options they could pursue for financing.

Council members were given copies of the new proposed ordinances and resolutions concerning the Raincliffe Center to study for tomorrow night's Town Council meeting, when a vote is expected to be taken, Schumacher said.

Any ordinances or resolutions will be introduced at the meeting at 7:30 p.m. at the Town House.

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