[Ord. 94-735 § 2]
There shall be and there is created in the City a self-supported
municipal improvement district, as defined in the Act, the name of
which shall be the "Village of East Davenport Self-Supported Municipal
Improvement District" (hereinafter referred to as "VEDSSMID") the
purposes of which shall include, but not be limited to, undertaking
actions, design or construction, operation and maintenance of any
and all improvements or self-liquidating improvements authorized pursuant
to the Act, and for the performance, administration, redevelopment
and revitalization of the proposed VEDSSMID.
[Ord. 2007-528 § 1; Ord. 94-735 § 3]
The VEDSSMID shall be comprised only of contiguous property
within the City of Davenport and within the district described below
which is zoned for commercial or industrial uses and property within
a duly designated historic district, specifically excluding property
assessed as residential property for property tax purposes, unless
the residential property is within a duly designated historic district;
and that the description of property within the VEDSSMID is as follows:
Commencing at the intersection of the easterly right-of-way
line at Christie Street and the southerly right-of-way line of East
13th Street, which point is the point of beginning; thence easterly
along said southerly line of East 13th Street and its easterly extension
to a point of intersection at the easterly right-of-way of Jersey
Ridge Road; thence northeasterly along said easterly line of Jersey
Ridge Road to the southerly right-of-way line of Middle Road; thence
easterly along said southerly line of Middle Road to the westerly
right-of-way of Busch Avenue; thence southerly along said westerly
line of Busch Avenue and its southerly extension to a point of intersection
at the northerly line of Lot #3 in D. Churchhill's 1st Addition; thence
westerly along said northerly line of said Addition to the Northwest
Corner of Lot #4 in said Addition; thence southerly along the westerly
line of said Lot #4 and its southerly extension to a point of intersection
at a line 150 feet north and parallel to the south line of the northwest
1/4 Section 30, Township 78 North, Range 4 East of the 5th Principal
Meridian located in the City of Davenport, Iowa; said line is also
the south line of a twenty-foot alley located 150 feet north of East
11th Street; thence westerly along said line located 150 feet north
and parallel to the south line of the northwest 1/4 of said Section
30, to a point 48.6 feet east of the east line of Jersey Ridge Road
and 150 feet north of the south line of said northwest 1/4, said point
is also the northwest corner of a lot deeded to Mary Arp on June 4,
1993, Parcel No. 15059-93; thence southerly along the westerly line
of said lot deeded to Mary Arp and its southerly extension to a point
of intersection at the northerly right-of-way line of East River Drive;
thence westerly along said northerly line of East River Drive to the
easterly right-of-way line of Mound Street; thence southerly along
the easterly right-of-way line of Mound Street to the northerly property
line of the D.R.I. & NW RY; thence westerly 61 feet (plus or minus)
along the northerly property line of the D.R.I. & NW RY to the
westerly right-of-way line of Mound Street; thence southerly 50 feet
(plus or minus) along the west line of Mound Street to the south right-of-way
line of the D.R.I. & NW RY; thence westerly 505 feet (plus or
minus) along said southerly right-of-way line to a point in line with
the west wall of the Superpulsator Building; thence north 150 feet
(plus or minus) to the south line of East River Drive; thence east
540 feet (plus or minus) along said south line to the westerly right-of-way
of Mound Street; thence northerly along said westerly right-of-way
line of Mound Street and its northerly extension to the northerly
right-of-way line of East River Drive; thence westerly along the northerly
right-of-way line of East River Drive to the easterly right-of-way
line of the C.M. & ST.P. RR Co., Parcel #12618-89, reconveyance
on July 27, 1989; thence northeasterly along said right-of-way line
of Parcel #12618-89 to the northerly right-of-way line of East 11th
Street; then westerly along the northerly right-of-way line of East
11th Street to the southwest corner of Lot 2 of Block 10 of East Davenport
Addition; thence northerly along the west line of said Lot 2 of Block
10 to the northwest corner of Lot 2; thence easterly along the north
line of Lot 2 and continuing easterly along a projection of that north
line until it intersects with the easterly right-of-way line of the
C.M. & ST.P. RR Co., Parcel #12618-89, reconveyance on July 27,
1989; thence northeasterly along said right-of-way line of Parcel
#12618-89 to the southerly right-of-way line of East 12th Street;
thence easterly along said southerly line of East 12th Street to a
point of intersection with the southerly extension of the easterly
right-of-way line of Christie Street; thence northerly along said
southerly extension of Christie Street to the point of beginning,
all of which property is situated in the City of Davenport, Scott
County, State of Iowa.
[Ord. 94-735 § 4]
It is found and determined that the owners of all of the property
within the VEDSSMID have a present and potential benefit from the
condition, development and maintenance of the district and that all
of the property within the district is related by virtue of its location
within the described district.
[Ord. 2001-630 § 5; Ord. 94-735 § 5]
Pursuant to the provisions of the Act, there is established
and created a self-supported improvement district operation fund,
which shall be known as the "VEDSSMID Operation Fund" (and is referred
to in this chapter as the "operation fund"), for which operation fund
the City may certify taxes (the "operation tax") each year commencing
with the levy of taxes for collection in the fiscal year beginning
July 1, 1995 and continuing for 10 additional years, to be levied
against all the property in the VEDSSMID as defined in Section 3.34.020
in addition to all other taxes, for the purpose of paying maintenance
expenses of improvements or self-liquidating improvements for the
period of time in which the operation fund is in existence. Such disbursements
shall be made to the Village of East Davenport Property Owners Association,
Inc., for projects initiated by the association and consistent with
the purposes set out in Section 386.1 of the Code of Iowa, and paying
part of all of the costs of any improvement, or self-liquidating improvement,
as defined in that section.
[Ord. 2007-527 § 1; Ord. 2001-629 § 6; Ord. 94-735 § 6]
The operation tax levied in any one year, as provided in Section
3.34.040, shall be at a rate not to exceed $1.75 per thousand dollars
of taxable value of the property within the district as defined in
Section 3.34.020 in addition to all other taxes.
[Ord. 2015-488: ; Ord. 2015- 121; Ord. 2004-611; Ord. 94-735 § 7]
Pursuant to the provisions of the Act, there is established
and created a capital improvement fund for such district, which shall
be known as the "VEDSSMID Capital Improvement Fund" (and is referred
to in this chapter as the "capital improvement fund"), for which capital
improvement fund the City may certify taxes (the "capital improvement
fund tax") each year, commencing with the levy of taxes for collection
in the fiscal year beginning July 2016, for 20 additional fiscal years,
to be levied against all of the property in the VEDSSMID as defined
in Section 3.34.020, in addition to all other taxes, for the purpose
of accumulating moneys for the financing or payment of a part or all
of the cost of any improvements or self-liquidating improvements,
as defined in the Act.
[Ord. 2007- 527 § 2; Ord. 94-735 § 8]
The capital improvement fund tax levied in any one year, as
provided in Section 3.34.060, shall be at a rate not to exceed $1.75
per thousand dollars of taxable value of the property within the district
as defined in Section 3.34.020 in addition to all other taxes.
[Ord. 2007-527 § 3; Ord. 94-735 § 9]
The combined rate of the operation tax and the capital improvement
fund tax, to be levied annually as provided in Sections 3.34.050 and
3.34.070, shall not exceed $3.50 per thousand dollars of taxable value
of property in the VEDSSMID as defined in Section 2.34.020 in any
one year, in addition to all other taxes.
[Ord. 94-735 § 9]
The City Clerk shall cause a copy of the ordinance codified
in this chapter to be filed in the office of the county recorder of
the county and in the finance office of the City of Davenport.
