[Ord. 2009-50 § 1; Ord. 95-58 § 1; Ord. 77-517 § 1]
There is hereby continued the Downtown SSMID in the City of
Davenport, Scott County, Iowa, as follows:
A.
The name of the District shall continue to be the "Downtown Davenport
Development Self-Supported Municipal Improvement District;"
B.
The purposes of the District shall be the undertaking of actions
and the design and construction of any and all "improvements" and
"self-liquidating improvements" as defined in and authorized by the
Act and performance of administration, redevelopment, and revitalization
of the District as authorized by the Act, any and all of which actions
and improvements are intended to benefit the property within the District;
C.
Description of the existing District boundaries included with petition
(attached), including the designation of property in Zone A and property
in Zone B.
[Ord. 95-58 § 2; Ord. 80-1034 § 1; Ord. 77-517 § 2]
Property within the expanded district shall be divided into
zones, whose boundaries are as follows:
A.
Zone A: Commencing at the intersection of the northerly line of the
Mississippi River and the westerly line of Ripley Street extended,
which point is the point of beginning; thence northerly along said
westerly line of Ripley Street to the northerly right-of-way line
of Fifth Street; thence easterly along said northerly right-of-way
line of Fifth Street to the easterly right-of-way line of Brady Street;
thence southerly along said easterly line of Brady Street to the northerly
right-of-way line of Fourth Street; thence easterly along said northerly
line of Fourth Street to the easterly right-of-way line of Pershing
Avenue; thence southerly along said easterly line of Pershing Avenue
extended to the northerly line of the Mississippi River; thence westerly
along said northerly line of the Mississippi River to the point of
beginning, all of which property is situated in the City of Davenport,
Scott County, State of Iowa.
B.
Beginning at a point which is the intersection of the southerly right-of-way
line of West River Drive and the westerly right-of-way line of Ripley
Street, then westerly along said southerly line of West River Drive
to the westerly right-of-way line of Brown Street, then northerly
along said westerly line of Brown Street to the northerly right-of-way
line of West Fourth Street, then easterly along said northerly line
of West Fourth Street to the westerly right-of-way line of Gaines
Street, then northerly along said westerly line of Gaines Street to
the northerly right-of-way line of West Fifth Street, then easterly
along said northerly line of West Fifth Street to the westerly right-of-way
line of Ripley Street, then southerly along said westerly line of
Ripley Street to the point of beginning.
Also, beginning at a point which is the intersection of the
northerly right-of-way line of West Fifth Street and the westerly
right-of-way line of Ripley Street, then northerly along said westerly
line of Ripley Street to the southeast corner of Lot 5 in Block 31
of the Original Town of Davenport, then easterly along the southerly
line of Lots 6 and 7 to the southwest corner of Lot 8 in Block 32
of the Original Town of Davenport, then continuing easterly along
the southerly line of Lots 8 and 7 of Block 32 to the southeast corner
of Lot 7, then northerly along the easterly line of Lot 7 extended
to the northerly right-of-way line of West Sixth Street, then easterly
along said northerly line of West Sixth Street and East Sixth Street
to the southeast corner of Lot 2 of Block 51 of LeClaire's 2nd Addition,
then southerly to the northwest corner of Lot 8 of Block 53 of LeClaire's
2nd Addition and continuing southerly along the westerly line of Lot
8 to the southwest corner of Lot 8, then easterly along the southerly
line of Lots 8, 7 and 6 of Block 53 and lots 10, 9, 8 and 7 of Block
54 to a point in the southerly line of Lot 7 18 feet east of the southwest
corner of Lot 7, then northerly to the northerly right-of-way line
of East Sixth Street, then easterly along said northerly line of East
Sixth Street to the easterly right-of-way line of Iowa Street, then
southerly along said easterly right-of-way line of Iowa Street, then
southerly along said easterly line of Iowa Street to the northerly
right-of-way line of Federal Street, then easterly along said northerly
line of Federal Street and Federal Street extended to the southerly
right-of-way line of East River Drive, then westerly along said southerly
line of East River Drive to the easterly right-of-way line of Pershing
Avenue, then northerly along said easterly line of Pershing Avenue
to the northerly right-of-way line of East Fourth Street, then westerly
along said northerly line of East Fourth Street to the easterly right-of-way
line of Brady Street, then northerly along said easterly line of Brady
Street to the northerly right-of-way line of East Fifth Street, then
westerly along said northerly line of East Fifth Street and West Fifth
Street to the point of beginning.
However, excluded from Zone B are Lots 1, 2, 3, 4, 5, 6, 7 and
8 of Block 17 of the Original Town of Davenport.
[Ord. 95-58 § 3; Ord. 80-1034 § 2; Ord. 77-517 § 3]
It is hereby found and determined that the owners of all of
the property within the expanded district have a present and potential
benefit from the condition, development and maintenance of the expanded
district and that all of the property within the expanded district
is related by virtue of its location within an area of the City zoned
for commercial and industrial uses.
[6-24-2020 by Ord. No. 2020-262; Ord. 2009-50 § 2; Ord. 95-58 §§ 4, 5; Ord. 77-517 §§ 4, 5]
There is hereby continued a self-supported improvement district
operation fund to be known as the "Downtown Davenport Development
Self- Supported Municipal Improvement District Operation Fund" (the
"operation fund") and certify an annual tax (the "operation tax")
against the property as defined in the Act (excluding property assessed
as residential property for property tax purposes) within the District
(the "property") in addition to all other taxes for the purposes of
paying such expenses of the District as are authorized by the Act,
including but not limited to the administrative expenses of the District
and part or all of the maintenance expenses of "improvements" or "self-liquidating
improvements" as defined in the Act for a period of 20 years, commencing
with the levy of taxes for collection in the fiscal year beginning
July 1, 2010, and continuing for 19 additional years, at the following
rates:
[6-24-2020 by Ord. No. 2020-262; Ord. 2009-50 § 3; Ord. 95-58 §§ 6, 7; Ord. 77- 517 §§ 6, 7]
There is hereby continued a capital improvement fund to be known
as the "Downtown Davenport Development Self-Supported Municipal Improvement
District Capital Improvement Fund" (the "capital improvement fund")
and certify an annual tax (the "capital improvement fund tax") against
the property, in addition to all other taxes, for the purpose of accumulating
revenues for the financing or payment of part or all of the cost of
any "improvements" or "self-liquidating improvements" as defined in
the Act, a period of 20 years, commencing with the levy of taxes for
collection in the fiscal year beginning July 1, 2010 and continuing
for 19 additional fiscal years, at the following rates:
[Ord. 95-58 § 8]
There is hereby authorized to be disbursed from the capital
improvement fund to the Downtown Davenport Development Corporation
$60,000 to pay costs of retaining engineers and related consultants
with respect to redevelopment and improvement projects in the district.
[Ord. 2009-50 § 4; Ord. 95-58 § 9]
There is hereby continued in each year to disburse all revenues
in the operation fund to the Downtown Partnership, as economic development
grants, pursuant to Chapter 15A of the Code of Iowa, to be used for
the purposes set out in this petition and in the Act, including paying
the administrative expenses of the district and paying maintenance
expenses of "improvements" or "self-liquidating improvements" as defined
in the Act for the period of time for which taxes are authorized to
be certified for the operation fund.
[Ord. No. 2009-50 § 5; Ord. 95-58 § 10]
There is hereby continued in each year, after paying or making
provision for paying principal and interest coming due in that year
on debt incurred by the City of Davenport for or on behalf of the
district to disburse all revenues in the capital improvement fund
to the downtown partnership, in such amounts and at such times as
may be requested by the board of directors of the downtown partnership,
as economic development grants, pursuant to Chapter 15A of the Code
of Iowa, to be used for the payment of part or all of the costs of
any "improvement or "self-liquidating improvement" as defined in the
Act.
[Ord. 95-58 § 11; Ord. 77-517 § 9]
From and after the effective date of this chapter, the Deputy
Clerk shall cause a copy of this chapter to be filed in the office
of the county recorder of Scott County.
