OTHERPENDING

TIF Tax Rebate Agreement Proposed for Ryco Customs Expansion

Clear Lake is considering a development agreement with Ryco Customs, Inc. to support a 30,000 square foot expansion of its boat lift facility, offering a 75% rebate of new property taxes for seven years or up to $150,000. The incentive would be funded through annual appropriation tax increment financing.

Status
PENDING
Document date
July 20, 2026
Contract type
OTHER
Vendor
Ryco Customs Inc
Agency
City of Clear Lake · IA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Property tax rebate for 75% of newly generated property taxes for seven years or $150,000, whichever comes first
Contract type
OTHER
Contract term
Seven (7) years or until $150,000 cap is reached
Renewal
Agreement provides a capped TIF rebate over seven years or until $150,000 is rebated; no renewal or extension options are described.
Document type
AgendaPacket
Source document
City of Clear Lake AgendaPacket City Council Meeting 2026-07-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by City of Clear Lake?

Ryco Customs Inc was awarded this government contract by City of Clear Lake, as recorded on July 20, 2026. The contract value is Property tax rebate for 75% of newly generated property taxes for seven years or $150,000, whichever comes first.

How much is the Ryco Customs Inc contract with City of Clear Lake worth?

The Ryco Customs Inc contract with City of Clear Lake is valued at Property tax rebate for 75% of newly generated property taxes for seven years or $150,000, whichever comes first.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Clear Lake AgendaPacket City Council Meeting 2026-07-20 (AgendaPacket), dated July 20, 2026 from City of Clear Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ryco Customs Inc hold?

Ryco Customs Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Ryco Customs Inc's profile

What is City of Clear Lake currently buying?

Explore City of Clear Lake's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Clear Lake's profile

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