Originally Posted Online: Nov. 12, 2013, 8:50 pm
Last Updated: Nov. 12, 2013, 10:18 pm
Moline's Amtrak station project can start
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By Dawn Neuses, email@example.com
MOLINE -- The city can start spending money to build the Amtrak station and other public improvements after aldermen approved a development agreement with a private developer on Tuesday.
The agreement, with Moline Promenade Investors LLC, outlines the company's plans to develop the nonpublic areas of the building that will house the station at 12th Street and 4th Avenue.
The company plans to develop an extended-stay hotel on the upper stories and a hotel lobby and retail space on the first floor. The redevelopment of public areas of the building -- such as a skywalk, the station, parking and restrooms -- will be paid with federal and state grant funds the city has received.
The city and MetroLink will oversee the public redevelopment projects.
Planning and development director Ray Forsythe said the development agreement had to be approved before the city could begin spending the grant funds. The developer will pay Moline $1.3 million for the building areas it plans to develop. The money will be repaid to the city in installments of $86.667 per year, which will be taken out of the property taxes the company pays.
Passenger rail service to Chicago is scheduled to begin in 2015.
Also on Tuesday, aldermen unanimously approved a 12-month contract extension and raise for city administrator Lew Steinbrecher. His base salary will increase from $148,174 to $151,041. The city also will increase its payment into his retirement account from $15,672 per year to $18,539 per year.
The increase in pay and retirement equal a 3.5 percent raise. Mr. Steinbrecher was hired as city administrator in 2004.
Aldermen also noted Heather Sund-Smith, of Moline, as the individual 2013 Recycle Super Hero, and Midland Davis as the corporate Recycle Super Hero, selected by the Keep Moline Beautiful Commission.