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Davenport council extends closing deadline for Annie Whitmire property amid questions about possible gap loan
Summary
The city approved a 30‑day extension to AW Holdings’ conveyance deadline to preserve the developer’s chance to secure federal HOME funding; council members and a public commenter pressed staff for details on any potential city “gap loan.”
The Davenport City Council voted June 11 to extend by 30 days the deadline for AW Holdings LLC to complete conveyance of the Annie Whitmire property, a move city officials said is intended to preserve the developer’s opportunity to secure federal HOME funds.
Public commenter Judith Lee asked the council to provide more detailed documentation before it acted, saying, “we gave city property assessed at nearly 23 millions to AW Holding LLC for a dollar,” and pressing staff for answers on the size, interest rate and source of any potential city gap loan if federal HOME funding does not arrive.
City Administrator Maxheimer, speaking for absent staff, told the council Director Berger was at training and that the resolution before the council was limited to a 30‑day extension of the closing period. “Any of those terms of that loan, that’s all premature in my opinion,” Maxheimer said. Alderman McGinnis and other members said they understood the extension was intended to keep federal funding options open while the developer works with HUD.
Council members repeatedly asked for clearer background information. In public comment, Lee urged that staff include estimated maintenance costs and the possible loan terms in the resolution or the accompanying materials so council and the public “are fully aware of what’s going on.” Several aldermen echoed that desire for more transparent, upfront detail.
The council approved the extension. The resolution was moved and seconded, and a roll call recorded nine affirmative votes. No action was taken on any loan, and council members and staff said any decision about a city gap loan would require a separate, later action if it becomes necessary.
The extension preserves the developer’s contractual timeline while the federal HOME application awaits HUD review. City staff said the extension is meant to “keep the possibility for the federal funding open” and that any loan discussion would be a distinct council decision if and when the developer requests city funds.
