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Riverdale initiates first TIF to collect $16,700

on Wed, 12/03/2014 - 21:54   by news

Riverdale's first Tax Increment Financing (TIF) district – aimed at diverting future property taxes that its largest taxpayer ALCOA would normally pay to Pleasant Valley schools and county government – will be set up before the end of the year to help fund municipal improvements of the 400-resident village.

Riverdale initiates first TIF district to collect $16,700 from ALCOA and other firms in new urban renewal area along State Street

on Wed, 12/03/2014 - 21:41   by Editor

Riverdale's first Tax Increment Financing (TIF) district – aimed at diverting future property taxes that its largest taxpayer ALCOA would normally pay to Pleasant Valley schools and county government – will be set up before the end of the year to help fund municipal improvements of the 400-resident village.

Riverdale officials have asked the Scott County Auditor to establish a TIF district that will generate $16,700 in "incremental" taxes from the recently established Urban Renewal Area along State Street, which includes the sprawling ALCOA aluminum rolling mill with an assessed value of more than $40 million.

Based on the current tax levy rates, the new TIF will mean Riverdale will receive approximately $7,100 which would otherwise go to the Pleasant Valley School District and about $3,000 which would have been paid Scott County. Riverdale's portion, based on its own tax levy, would be approximately $6,000. Incremental property taxes due the Mississippi Bend Area Education Agency and assessor's office also would be paid to the village.

Growing interest cost on debt swings Isle of Capri Casinos, Inc. to $1 million loss in 2nd quarter

on Tue, 12/02/2014 - 23:04   by Editor

Isle of Capri Casinos, Inc. today (12/2) reported a $1 million loss for its second quarter as much higher interest costs on its debt offset a 3 percent increase in net revenues for the period.

For the three months ended October 26, the Isle – owner of three gambling operations in Iowa including the Bettendorf Isle of Capri – reported a loss of 3 cents per share, compared with a gain of 20 cents per share for the same period a year ago.

Car dealer seeks $15,000 in city funds

on Tue, 12/02/2014 - 21:31   by news

A used car dealer – forced to relocate because of the Interstate 74 bridge project – is seeking $15,000 from the city even though his business has yet to complete any of the promised landscaping of his highly visible new location on the east entrance to downtown Bettendorf.

Premier Picks Auto in 2011 obtained city council approval for its move to 26th Street (where State Street becomes a one-way) despite opposition by the city's Planning and Zoning Commission. The planning commission by a 3-1 vote denied the rezoning request to allow the use of the parcel for used car sales saying it felt the car dealership did not fit the downtown redevelopment master plan and its streetscaping plans.

The city council overruled the zoning commission and allowed Premier Picks to relocate to 2540 State Street in 2011. The car dealership has yet to install any landscaping as outlined in its rezoning request to the plan commission and city council.

Used car dealer seeks city funds; has yet to complete landscape plan for high profile location

on Tue, 12/02/2014 - 03:27   by Editor

A used car dealer – forced to relocate because of the Interstate 74 bridge project – is seeking $15,000 from the city even though his business has yet to complete any of the promised landscaping of his highly visible new location on the east entrance to downtown Bettendorf.

Premier Picks Auto in 2011 obtained city council approval for its move to 26th Street (where State Street becomes a one-way) despite opposition by the city's Planning and Zoning Commission. The planning commission by a 3-1 vote denied the rezoning request to allow the use of the parcel for used car sales saying it felt the car dealership did not fit the downtown redevelopment master plan and its streetscaping plans.

The city council overruled the zoning commission and allowed Premier Picks to relocate to 2540 State Street in 2011. The car dealership has yet to install any landscaping as outlined in its rezoning request to the plan commission and city council.

Air pollution exceedances reach 81 thru Nov. 4

on Tue, 11/18/2014 - 00:52   by Editor

The number of exceedances of National Ambient Air Quality Standards in Iowa totaled 81 through November 4, nine more than the total number recorded in 2013, according to the Iowa Department of Natural Resources (IDNR).

The vast majority of the exceedances so far in 2014 involved high levels of sulfur dioxide (SO2) pollution, with 63 of the exceedances recorded at air monitors in Muscatine.

While the primary source of SO2 pollution in Muscatine – Grain Processing Corp. (GPC) – has begun work on plant upgrades aimed at sharply reducing SO2 emissions, the community continues to have the poorest air quality in the state.

Air pollution exceedances reach 81 thru Nov. 4

on Tue, 11/18/2014 - 00:36   by news

The number of exceedances of National Ambient Air Quality Standards in Iowa totaled 81 through November 4, nine more than the total number recorded in 2013, according to the Iowa Department of Natural Resources (IDNR).

The vast majority of the exceedances so far in 2014 involved high levels of sulfur dioxide (SO2) pollution, with 63 of the exceedances recorded at air monitors in Muscatine.

While the primary source of SO2 pollution in Muscatine – Grain Processing Corp. (GPC) – has begun work on plant upgrades aimed at sharply reducing SO2 emissions, the community continues to have the poorest air quality in the state.

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