City of Clinton Regular City Council Meeting Minutes March 2026
City Advances Development Agreement with HOBO Renewable Diesel
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Description
The City of Clinton scheduled a consultation and public hearing on amending the Phase 3 Lincolnway Industrial Rail and Air Park Urban Renewal Plan and on a proposed 2026 Purchase, Sale, and Development Agreement with HOBO Renewable Diesel LLC. The project shifts from a tax abatement model to tax increment rebates while keeping option payments and a December 31, 2026 closing deadline.
Contract Details
Vendor
HOBO RENEWABLE DIESEL LLC
Agency
City of Clinton, IA
Contract Type
FINANCIAL_SERVICES
Document Date
March 24, 2026
Renewal Info
Proposed development agreement will include tax increment rebates and maintains existing option payments; final approval pending public hearing.
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