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Council approves sale of former McKinley School site for redevelopment into about 32 housing units
Summary
The council declared the former McKinley School property surplus and authorized a purchase-and-sale agreement with the developer McKinley Lofts LLC (top-ranked RFP respondent) to rehabilitate the school into ~20 units and build ~12 townhome-style rentals on adjacent land; purchase price cited as $10,000.
The Moline City Council on Nov. 5 approved a resolution declaring the former McKinley School site (4108 5th Avenue) surplus and authorized staff and the mayor to execute a purchase-and-sale agreement with McKinley Lofts LLC, the development entity selected through a request-for-proposals process.
City staff described the site as approximately 6.06 acres and said three proposals were received and evaluated by a review team. Staff recommended the top-ranked respondent, identified in the record as working through a special-purpose entity, McKinley Lofts LLC, to rehabilitate the former school and develop the adjacent land. City…
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