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Advisory board hears that council earmarked hotel-motel tax revenue for park maintenance
Summary
A board member reported that City Council amended a RiverWatch development agreement to earmark future hotel-motel tax revenue for park maintenance; the amendment passed council action the night before the advisory-board meeting.
An advisory-board member reported that Davenport City Council amended the RiverWatch development agreement to earmark future hotel-motel tax revenue for park maintenance and that the amendment passed at the council meeting the previous night.
The board member said the amendment — offered by Alderman Dunn — designates a portion of future hotel‑motel tax receipts from the RiverWatch development to support park maintenance operations. The advisory board member characterized the action as potentially providing a new ongoing revenue source for park operations, depending on future development performance and hotel tax receipts.
No dollar amounts or implementation details were provided at the advisory‑board meeting; staff and board members said they view the amendment as a positive development but that the final funding available will depend on the development’s hotel activity and subsequent council decisions.
Board members asked staff to track the council’s implementation steps and to report back on what portion, if any, will be made available for park operations.
