The city of Riverdale’s proposal to add tax incentives to an urban renewal area plan that includes the Arconic Davenport Works plant may not align with Scott County policy.
The State Street Urban Renewal Area also includes most of the surrounding commercial and residential areas adjacent to U.S. 67 in Riverdale, City Administrator Tim Long told the County Board of Supervisors during Tuesday's committee-of- the-whole meeting.
The plan does not include the residential areas on the bluffs above the highway or property owned by Scott Community College or Pleasant Valley Community School District.
Long said the $3.5 million tax increment financing rebate for expansion of Arconic’s manufacturing facilities could add 20 to 30 employees and $41 million to the property tax base.
“The agreement between the city and Arconic is still in process,” Long said. “Until we see the plant, we won’t know what it will actually assess out at."
Long said the plan amendment also asks the county to help with $60,000 of the $350,000 required for a state of Iowa RISE matching fund grant. State funds would be used to reconstruct a portion of South Bellingham Road adjacent to the Arconic plant. “The city’s match would be a financial burden to the 400 residents of Riverdale,” Long said.
Board-adopted policy does not support TIF dollars being used to pay for city infrastructure.
Long said there were no negative comments from the public or objections from school district officials at a hearing held Feb. 22.
Supervisors asked staff to draft a letter in response to the proposal for consideration at Thursday’s regular 5 p.m. board meeting.
In other business, supervisors considered a request from the Scott County Waste Commission to provide county custodial staff at the recycling center, electronic demanufacturing facility and landfill. Facility and Support Services Director Tammy Speidel said the facilities would require two part-time positions to be hired and managed by the county, with the costs billed back to the Waste Commission.
Supervisor Diane Holst preferred the commission hire from the private sector. “We are not an outsource service,” Holst said. “We’re taking jobs away from the taxpaying vendors.”
Supervisors also approved Treasurer Bill Fennelly’s request to hire Megan Petersen for the vacant financial management supervisor position. Peterson, East Moline's finance director, would earn an annual salary of $88,234.