It is the first one. I believe that the organizers would like to do it yearly. It is unrated, although it may be rated in future cycles. The entry fee is $30.
Hi all, a friend of mine is organizing a team chess tournament: Starts Wednesday September 20 with 5 week season ending October 18, with playoffs on October 25. It will be held at MidAmerican RecPlex in West Des Moines. Teams will consist of 4 players (on a given night though teams may have alternates to fill in as needed) and you can sign up as a team or as individual.
Email him if you are interested, his name is Tim.
timmcentee@msn.com