June 22, 2016 – Joe Taylor of the Quad Cities Convention and Visitors Bureau (QCCVB) informed Commissioners that hotel revenue hit $100 million during the April 2015 to May 2016 time period. Much of that revenue is due to the Quad Cities hosting such events as the Missouri Valley Conference Women’s Basketball Tournament. Other large tourism-driving events include the Great Race, the John Deere Classic, the Bix 7 Race, and many more.
June 22, 2016 – Scott County Representative Scott Tunnicliff from the Iowa Mississippi River Parkway Commission (MRPC) said that the MRPC was formed in 1938 by President Franklin Roosevelt to develop highways and amenities along the Great River Road and to promote tourism. The Great River Road includes 3,500 miles of designated roads along the Mississippi and is the third most popular travel destination in the United States.
June 22, 2016 – The Iowa Economic Development Authority (IEDA) has $6 million available for the Nuisance Property and Abandoned Building Remediation program. Currently, one-third of the available funds for 2016 are set aside for communities with populations under 10,000 until September 1, 2016, after which time any uncommitted funds will be made available to communities of all sizes. The program operates in the form of a loan, with terms ranging from 12 to 36 months and interest rates from 0% to 3%, based on the loan term. Funds may be utilized for the demolition or remediation and reuse of residential, commercial, or industrial structures. All buildings must be documented as representing a public nuisance. More details can be found at www.iowaeconomicdevelopment.com.
June 22, 2016 – Denise Bulat, Executive Director, reviewed the FY 2017 Budget as recommended by the Finance and Personnel Committee. The document was presented at the May 25 meeting for review and adopted at the June 22 meeting.
She reported revenues for FY 2017 are projected to be down 2.1% from the current year, primarily due to the completion of the Henry County Rural Jobs Accelerator grant.
June 22, 2016 – The adoption of the FY2017 budget brings to mind the question of what the first budget looked like in 1966. During the time period of December 1, 1966 to November 30, 1967, total expenditures were anticipated at $145,130 with $149,382 of income. Member dues were not broken out by community but administered by county, which included only Rock Island and Scott Counties. The largest expenditures went to personnel salaries at $71,700 and consulting fees at $29,830.
Comparatively, the FY2017 budget accounts for $2,073,608 in expenditures with $2,005,928 in income. (Discrepancy in funds is due to $80,423 allocated from the State of Illinois that is on hold due to the state’s budget impasse.) Major expenditures go to personnel and professional services. Member dues come from four counties and 43 municipalities.
February 24, 2016 – The 2016 Community Development Block Grant (CDBG) competitive Public Infrastructure and Housing Rehabilitation grant applications are due on September 29, 2016.
Funds are available on an annual basis by the U.S. Department of Housing & Urban Development (HUD) and administered by Illinois Department of Commerce and Economic Opportunity (DCEO). Public Infrastructure grants are utilized to assist low-to-moderate income communities to improve public infrastructure and eliminate conditions detrimental to public health, safety, and public welfare. Funding priority is given to water and sanitary and storm sewer projects. Eligible applicants must have a low-to-moderate income above 51% either community-wide or in a selected target area. Income surveys can be distributed to determine the low-to-moderate income percentage. Awarded applicants may receive up to $450,000.