The Clinton Herald, Clinton, Iowa

Camanche

September 5, 2012

ADM renews marina lease

CAMANCHE — City officials pushed forward the annual lease agreement with Archer Daniels Midland at a meeting on Tuesday.

A resolution was passed to set a public hearing for the lease of portions of the Camanche Marina.

“This is step one in the process to get things going,” City Administrator Tom Roth said.

For many years the property has been leased by various parties for the purpose of operating a marina, according to the agreement.

The current lease with ADM will expire on November 6, so to provide for continued operation of the marina, the city must enter a new agreement.

The area was formally dedicated for street purposes, but had never been fully developed for said use. This includes cross-sections of the marina containing vacant space off of Fourth Avenue between Second Street and Fourth Street and extending slightly farther in each direction. Much of the space is along Third Street and Third Avenue in the marina area.

Other actions:

• Approved an ordinance establishing no parking areas near the Fifth Avenue boat ramp.

• Approved a resolution directing the closure of the sanitary sewer reserve and sinking funds and transferring the balance of both funds to sewer fund.

• Approved a resolution providing issuance of $1,695,000 general obligation refunding bonds and for the levy of taxes to pay the same.

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