The city's transfer of waterfront land to a private developer is now signed, sealed and delivered. It paves the way for a condominium and hotel project. Developer Giselle MacDonald says they have more work to do before the hotelier can be announced and says that should be announced in June. Meantime the city's Waterfront Development Committee chair Councillor Mark Bentz says that it's an important day for all the people in the city the project has touched because it shows their work has meant something.