SIOUX CITY -- The Sioux City Council will be asked Monday to authorize a subordination agreement between the city and a bank for Siouxland Splash, a 10-acre waterpark planned for the city's north side.
Earlier this year, the council approved the sale of land at 3820 Highway 75 to Siouxland Splash, LLC and Frontline Development, LLC for the development of a multi-phase waterpark. The development agreement green-lighted by the council authorized the sale of land for $229,460 and a schedule of annual payments, which included an initial payment of $100,000 due at closing and five annual payments of $25,892. The annual payments are secured with a mortgage on the property.
"The developer is ready to finalize its permanent financing for the project with Midstates Bank. Midstates Bank has requested the city sign the attached subordination agreement allowing it to establish first security position on the property," city documents stated. "Approval of this resolution will establish the security positions of Midstates Bank and the city by authorizing the city to enter into a subordination agreement with Midstates Bank and complete the financing for this project."
Siouxland Splash is slated to be open for business by summer 2025. Sioux City currently has several public pools and splash pads but no waterparks.
Joe Zehring, partner and co-owner of Frontline Development, LLC, previously mentioned that the park will have a 50-foot slide tower with multiple waterslides coming off it as well as a large kids play structure with splash elements, lazy river, adult pool area and "surprise" feature that he said is going to be "really unique to the area."
Grocery Store
The council will also consider a rezoning request that would allow for a grocery store at the former site of Casa Del Rey near downtown. Lusio Torres wants property at 1303 and 1315 Douglas St. to be rezoned from mixed use to general commercial. He has been working to clean up the property and open a grocery store with alcohol and tobacco sales. Torres doesn't plan for the store to be open past 9 p.m., according to city documents.
The property being considered is currently two separate distinct lots. The 1303 Douglas Street property formerly housed Casa Del Rey, a restaurant that has been closed for more than ten years. The 1315 Douglas Street parcel served as KCAU's satellite transmission site until last owned in 2018.
City staff is recommending approval of rezoning as it would allow operation out of former Casa Del Rey restaurant serving surrounding neighborhood; Torres should also combine lots into one lot according documents.
Car Dealership Moratorium
The council will also vote on final consideration of an ordinance repealing temporary automobile sales moratorium established earlier this year during May meeting directing creation presentation six-month moratorium effective June through November ending Nov ninth following considerations throughout month leading repeal forward developers breaking ground first waterpark new grocery store potentially opening near downtown soon after moratorium conclusion.