City of Clear Lake Agenda Packet 2026-06-15
City proposes TIF agreement for Ryco expansion
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Description
The City of Clear Lake proposes a Development Agreement with Ryco, granting up to $150,000 in Tax Increment Financing rebates to support the company’s expansion. This agreement will be enabled by an Urban Renewal Plan amendment and considered after a July 20, 2026 public hearing.
Contract Details
Contract Amount
Maximum tax rebate of $150,000
Vendor
RYCO
Agency
City of Clear Lake, IA
Contract Type
FINANCIAL_SERVICES
Document Date
June 15, 2026
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