CLINTON — The Clinton City Council will hear a request tonight from two Clinton businessmen seeking to add a to-be-built restaurant into a new tax increment financing district recently approved by the council.

Dan Jefferies and Steve Howes of Valley Bluff Development are requesting land that will house an Arby’s restaurant — a lot on a Lincoln Way frontage road just north of the Enterprise Rent-A-Car location — be in included in the TIF district that also will include the Mississippi Belle II/Wild Rose Casino and other property the duo wants to have developed on Clinton’s west end.

In a letter to the council from Howes and Jefferies, the men pointed out that at the Oct. 10 City Council meeting, they presented an amendment to the proposed development agreement to reduce the minimum assessment of the Wild Rose casino property from $25 million to $24 million.

They say the amendment was made at the request of Wild Rose officials, who Howes and Jefferies said told them the reduction was necessary in order for the project to move forward. Wild Rose officials predicted the actual cost of building the casino to come at $19 million.

Jefferies and Howes have said that in their previous discussions with lenders, they have shown the semiannual TIF payments based on the higher assessment and as a result, the cash flow they predicted has been reduced by about $35,000 per year.

That is leading them to ask that the property that will house Arby’s, located in Lot 1 of the Plaza Commercial Subdivision, be added to the Wild Rose TIF project area to assist the two in securing financing.

They say Arby’s is predicting a building cost of less than $1 million, but the addition would help cushion the impact of the casino reduction.

Jefferies and Howes want the property to be added for a maximum five-year period, or until the assessment in the Wild Rose area reaches $25 million, whichever occurs first.

The land that will house Arby’s already is located in a TIF district, which means that district will need to be fully paid off and closed before any property taxes from Arby’s would go to the casino district, acting City Administrator Matt Brisch stated in a memo to the council.

Other items on the agenda include:

• a request to rename Riverview Drive.

Ward 1 Councilman Bob Soesbe would like to have the road along the Mississippi River named Veterans Drive or Veterans Boulevard;

• discussion about the city’s current agreement with the Clinton Humane Society;

• a recommendation to eliminate parking space to create a right turn only lane on the west side of southbound Fourth Street at Eighth Avenue South;

• discussion about the second council meeting date in December;

• budget modifications; and

• a closed session to discuss property acquisition.

The meeting will take place tonight after the conclusion of the regular meeting, which begins at 7 p.m. at Clinton City Hall.

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