Adams' Mount Royal Inn Still Waiting on License

By Brian RhodesiBerkshires Staff
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ADAMS, Mass. — After extensive debate of the issue at its last several meetings, the town is still waiting to approve an inn holder license for the Mount Royal Inn. 

 

The board is waiting on a final inspection for the motel after discussing it again on Wednesday. Building Commissioner Gerald Garner said the building had been vacated, pending that inspection.  

 

"Once I do my final inspection, I can sign off, and we'll be OK. Mr. Bokhari is working with me, I just have not received any calls for inspection," he said. 

 

Among the issues Garner said he still has to check is the building's smoke detectors, as well as the repair of a hole in the roof that compromised the fire barrier. Garner said Fire Chief John Pansecchi had already finished his part of the inspection. 

 

Town Counsel Edmund St. John III said he is ready to continue with an injunction, if necessary, but said it might not be needed if all tenants have vacated the building. He said he has drawn up the necessary paperwork, but has not filed it in court. 

 

"What I'm hearing from Mr. Garner are encouraging signs to me that we may not have to go that route, because the occupants are out, so that lessens the danger to the public. Not eliminated, but it lessens the danger," he said. 

 

Mount Royal Inn owner Syed Bokhari was in attendance and said work is ongoing to fix the issues mentioned by Garner. Bokhari said the contract with Louison House to provide temporary shelter has been "abandoned." 

 

"Even if it's done, it's not going to be operational at least for a month," Bokhari said, noting that Garner could come whenever to do the final inspection. 

 

Selectman Joseph Nowak voiced his concerns for the people from the Louison House who were previously staying at Mount Royal Inn. He said he disagreed with how the town handled the situation by not immediately following through with the injunction after the last meeting. 

 

"It does have something to do with homeless people. And that's something that, as the select board, I think we have to keep in mind," he said. 

 

Town Administrator Jay Green said he had spoken with St. John after he discussed the issue with Bokhari's lawyer, Jeff Grandchamp. 

 

"It is a dynamic situation. We know that Louison House has people there, people who are unhoused and already vulnerable. We have a life safety issue, and the actions of the town could have greater implications that of which, at the time, we made a balancing act," he said. "I stand by what said, I say to stand by my conversations with town counsel and I stand by the advice I give to this board." 

 

St. John said he wanted to ensure that whatever he told the court about the situation was accurate.

 

"If I'm looking for an injunction because of a public health and safety hazard, then I better have my ducks in a row before I ask a judge to do something," he said. 

 

The board did vote to approve license paperwork for McDonald's, which was also withheld at the last meeting. Administrative Assistant Brianna Hantman informed everyone that the fast food franchise had been sold in December, leading to the miscommunications with licensing. 

 

"[The sale] is why there was some mixup of where communications were going. It was straightened out, and they did come in and complete payment, complete paperwork and payment of taxes," she said. 

 

In other business: 

 

The board ratified the appointment of Cara Farrell as the town's human resources director, a shared-services position between Adams, Williamstown and North Adams. Green said each community will, generally, try to share time equally for at least the first year of Farrell's position. 

 

"I think in practical application, a lot of the work that Cara will be working on for all three communities will be similar in nature and probably applicable among all three communities," he said. 

 

• Community Development Director Eammon Coughlin gave the board an update on the Community Development Block Grant. A public hearing, he said, will be held on Feb. 15 for the grant, which Coughlin said will have much more detailed budget information. 

 

• The board ratified Steven Skrocki as a part-time transfer station attendant. Skrocki had previously had served as the town's parks foreman for the Department of Public Works. 

 

• During the meeting, the power went out in Town Hall due to scheduled utility work on Park Street. Power was restored to the building roughly 5 minutes later.

 


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What should you expect from your investments?

Submitted by Edward Jones

To help achieve your financial goals, you may need to invest in the financial markets throughout your life. However, at times your investment expectations may differ from actual returns, triggering a variety of emotions. So, what are reasonable expectations to have about your investments?

Ideally, you hope that your investment portfolio will eventually help you meet your goals, both your short-term ones, such as a cross-country vacation, and the long-term ones, such as a comfortable retirement. But your expectations may be affected by several factors, including the following:

  • Misunderstanding – Various factors in the economy and the financial markets trigger different reactions in different types of investments — so you should expect different results. When you own stocks, you can generally expect greater price volatility in the short term. Over time, though, the "up" and "down" years tend to average out. When you own bonds, you can expect less volatility than individual stocks, but that’s not to say that bond prices never change. Generally, when interest rates rise, you can anticipate that the value of your existing, lower-paying bonds may decrease, and when rates fall, the value of your bonds may increase.  
  • Recency bias – Investors exhibit "recency bias" when they place too much emphasis on recent events in the financial markets, expecting that those same events will happen again. But these expectations can lead to negative behavior. For example, in 2018, the Dow Jones Industrial Average fell almost 6percent – so investors subject to recency bias might have concluded it was best to stay out of the markets for a while. But the Dow jumped more than 22percent the very next year. Of course, the reverse can also be true: In 2021, the Dow rose almost 19 percent , so investors who might have been susceptible to recency bias may have thought they were in for more big gains right away — but in 2022, the Dow fell almost 9percent . Here’s the bottom line: Recency bias may cloud your expectations about your investments’ performance — and it’s essentially impossible to predict accurately what will happen to the financial markets in any given year.
  • Anchoring – Another type of investment behavior is known as "anchoring" — an excessive reliance on your original conviction in an investment. So, for instance, if you bought stock in a company you thought had great prospects, you might want to keep your shares year after year, even after evidence emerges that the company has real risks — for example, poor management, or its products could become outdated, or it could be part of an industry that’s in decline. But if you stick with your initial belief that the company will inevitably do well, and you’re not open to new sources of information about this investment, your expectations may never be met.

In many areas of life, reality may differ from our expectations — and that can certainly be true for our investments. Being familiar with the factors that can shape your expectations can help you maintain a realistic outlook about your investments

This article was written by Edward Jones for use by your local Edward Jones financial advisor. Courtesy of Rob Adams, 71 Main Street, North Adams, MA 01247, 413-664-9253.. Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation. For more information, see This article was written by Edward Jones for use by your local Edward Jones financial advisor. Courtesy of Rob Adams, 71 Main Street, North Adams, MA 01247, 413-664-9253.. Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation. For more information go to www.edwardjones.com/rob-adams.

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