MOLINE --Planning can now begin to redevelop a vacant downtown building into a passenger rail station and extended-stay hotel.|
On Tuesday, the Moline aldermen gave city staff permission to negotiate exclusively with The Amin Group for up to 12 months on a development agreement.
The Amin Group has proposed a mixed-use redevelopment project for the O'Rourke building at 4th Avenue and 12th Street. The preliminary concept includes retail on the first floor to compliment the passenger rail station and an extended-stay hotel on the second through sixth floors.
David Yordy, general manager of the Radisson on John Deere Commons -- also owned by the Amin Group -- said its goal is to start working on an agreement with the city as soon as possible.
The city council on Tuesday also approved adevelopment agreement withCovariance Holdings LLC., which is renovating the former Moline Community Center, 1615 5th Ave., into The Planning Center.
According to the agreement, Moline will rebate up to $5,000 in property taxes each year for eight years -- for a maximum of $40,000 -- from the downtown tax increment financing fund. The redevelopment of the building, begun in August 2012, is expected to be completed this month.
Aldermen also unanimouslyapproved a development agreement with Moline Hotel Group LLC., which plansto buy and redevelop the former Deere Collector's Center, 320 16th St., into a hotel. The $11.5 million project would include substantial remodeling and a four-story addition.
From the downtown TIF fund, the city will rebate 15 percent of the project's costs, up to $1.72 million. A rebate would be given each year from 2014 to 2021. Construction could begin in March, with the hotel opening by 2014.
In other business,Moline aldermen, sitting as the committee of the whole, accepted a $714,943 bid from McCarthy Improvement Co. to resurface three blocks of Avenue of the Cities, from 41st to 43rd streets.McCarthy submitted the lowest responsive and responsible bid, according to council documents.
All but three blocks of Avenue of the Cities -- from 12th Street to the East Moline border -- have been reconstructed or resurfaced, with a majority of the work done in the past eight years.
Before Tuesday's meeting, city engineer Scott Hinton said utilities under the street do not need to be replaced, but the asphalt overlay is showing signs of wear.
"It is time to remove it and replace it with a new asphalt surface," he said. "This project will not be as involved as most of the other Avenue of the Cities reconstruction projects. It will be more similar to the 53rd Street resurfacing project."
Council documents state the resurfacing will be paid from Motor Fuel Taxes and federal funds. Because federal money is involved, the Illinois Department of Transportation bid the project and will award the contract.
The contractor will begin the project in spring, Mr. Hinton said, and it will take a month or two to complete.
Moline, IL Details
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