HomeMy WebLinkAbout03.17.2005•
COUNCIL WORK SESSION
March 17, 2005
8:00 a.m.
Council Chambers
Members present:: Mayor Hurley, Cole, Clark, Schmitt, Welper, Kincaid.
Members absent: Greenwood, Gunderson.
Moved by Welper, seconded by Kincaid that the Agenda, as proposed, be approved. Ayes:
Five. Absent: Greenwood, Gunderson. Motion carried.
Items that are on the council agenda for Monday, March 21, 2005, were discussed with
department heads who have items on the agenda.
Mayor Hurley reviewed the Standing Committee agendas for Monday, March 21, 2005.
Items discussed included:
1. The request of Iowa Post Frame Builders to rezone from "R-2" to "R-4" property
generally located at the corner of Broadway and Virginia Streets for the purpose of
constructing a new multiple housing complex unit. A hearing will be held on April
11. They wanted to build seven units, but the Planning, Programming and Zoning
Commission approved four units. The site plan calls for an eight -stall garage to be
included. Councilperson Clark stated he would like to send it back to the Planning,
Programming and Zoning Commission for them to look at the eight -stall garage
request.
2. The agreement with Isle of Capri and Black Hawk County Gaming Association which
establishes a development fee for the city equal to .5 percent of each week's adjusted
gross receipts and on the third anniversary date of commencement of operations the
fee would increase to 1 percent of each week's adjusted gross receipts and payment of
$1 million on the date of the issuance of the gambling license.
Don Hoth reviewed the agreement. Mr. Hoth reported their application was due to
the Iowa Gaming Commission on November 10, 2004 and no changes would be
allowed to the application after that date. Their application included a 1 percent
admission fee to go to the city. IOC and Black Hawk County Gaming Association
have had two meetings with the Iowa Gaming Commission and the application has
been approved. The city is entitle to charge an admission fee of fifty cents if the
gambling facility is located in the city. The Isle of Capri has agreed to a 1 percent
development charge in lieu of the admission fee. The agreement also includes a
pledge of $1 million to WDC presumably to be used for the Riverfront Renaissance
Project. Isle of Capri has agreed to advance $1 million to the city upon issuance of
the license. Once Isle of Capri is operational, they would pay the city .5 percent of
each week's adjusted gross receipts until the third anniversary when the fee would
increase to 1 percent. The fees would be payable to the city every Friday at noon
based on adjusted gross revenue.
With no further business before the council, it was moved by Clark, seconded by Welper that the
meeting be adjourned at 8:36 a.m. Ayes: Five. Absent: Greenwood, Gunderson. Motion
carried.
Nancy Eckert
City Clerk