Resolution approving a development agreement between the City of Davenport and Seefried Industrial Properties, Inc for the development of a 2.9 million square foot distribution center and associated infrastructure improvements. [Ward 8]

Seefried Industrial Properties, Inc is considering the development of a distribution center that will create more than 1,000 permanent jobs in the City of Davenport. The project cost would be at least $100 million and be constructed over a 18 to 24 month period. The distribution center would be approximately 2.9 million square feet on 158 acres located west of Division Street and north of Research Parkway. As part of the project Seefried would be responsible for extending Research Parkway from its current end point, south of the Transload Facility, to Division Street.

The City would be responsible for upgrades to street infrastructure leading to the project site as well as improvements surrounding the area to accommodate the increase in automobile and industrial traffic. The City has applied for funding to the Iowa DOT RISE program to assist in paying up to 80% of the estimated $3.9 million cost. Proposed improvements include:

• Reconstruction and new turning lanes on north Division Street adjacent to the project site
• Intersection improvements at Hillandale Road & Research Parkway with the EIIC
• Intersection improvements at Northwest Boulevard & Hillandale Road at the entrance of the EIIC
• Intersection improvements at Northwest Boulevard & West 76th Street