Davenport aldermen unanimously approved the creation of a nonprofit corporation to oversee a city-owned casino at Thursday’s meeting.
The vote directs either City Administrator Craig Malin or City Attorney Tom Warner to file articles of incorporation to create the Davenport Community Improvement Corporation.
The corporation will have seven members, including Malin, Davenport Police Chief Frank Donchez and an alderman to be selected by the city council.
Malin said the other four members would include two people who are nominated by the Riverboat Development Authority, or RDA, and approved by city council. Two others also will be appointed. All members must be Davenport residents and pass a background check.
The members could be announced next week.
Malin said the sooner the
$46 million purchase is made and approved by the Iowa Racing and Gaming Commission, the better.
But there still are many things to do before that happens.
About 150 requests for proposals for a private sector developer for a land-based casino have been sent out, Malin said, which are due Dec. 20.
“We also need to reach a definitive purchase agreement with the Isle of Capri for the sale of the Rhythm City Casino, and sign an agreement with the RDA,” Malin said.
Malin said the city likely will update the Racing and Gaming Commission, which has the final say on the purchase, in January. Approval could come as early March.