I think the people of Colchester would be very interested to know the man planning this big venture hasn't a shred of honesty in him or the ability to follow through on, well, pretty much anything as of 4:01 pm today.
When you apply for a job, what do they ask you for? References. Why? Because incompetant people are incompetant and dishonest people are dishonest, and knowing this information upfront helps weed out the bad apples.
Is there any reason to think Petar won't start tearing stuff down in Colchester only to bail out on that project halfway leaving the town in a bad spot?
Forget the board, I would suggest a few people call the mayor of Colchester on monday, let him know just how much Petar's word is worth before they let him start tearing stuff down.