Notwithstanding any other provisions of the Village Code, including but not limited to the provisions of Chapter 118 (Erosion and Sediment Control); Chapter 130 (Flood Damage Prevention); Chapter 179 (Planning Board); Chapter 213 (Steep Slope Protection); Chapter 235 (Trees); Chapter 245 (Wetlands and Watercourses); and Chapter 250 (Zoning); the Board of Trustees, in considering the development of lands in the H-1 Hotel Zoning District (§ 250-34), may by resolution:
A.
Reclaim jurisdiction as approving authority or agency with respect to any applications, permits, authorizations, and/or determinations that the Board of Trustees finds, in its absolute discretion, involve a development of substantial public importance; and/or
B.
Waive or modify the provisions of any chapter of the Village Code regarding applications, permits, authorizations, and/or determinations that the Board of Trustees finds, in its absolute discretion, involve a development of substantial public importance and the exercise of this discretion results in a benefit to the community.