FINANCIAL_SERVICESPENDING

City Plans $150K TIF Support for Ryco Customs

The City of Clear Lake plans a development agreement with Ryco Customs, Inc. offering incremental property tax rebates up to $150,000 to support construction of a new manufacturing and warehousing facility. Semiannual payments would begin after the project is on the tax rolls and continue through June 1, 2036, subject to annual council appropriation.

Status
PENDING
Document date
July 6, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Ryco Customs Inc
Agency
City of Clear Lake · IA

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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
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
Not to exceed $150,000 (incremental property tax payments)
Contract type
FINANCIAL_SERVICES
Contract term
Commencement in 2026 through June 1, 2036, or until $150,000 maximum payment total is reached
Renewal date
2036-06-01
Renewal
Initial development agreement providing up to $150,000 in semiannual tax increment payments; no renewals are indicated, with the agreement ending June 1, 2036 or when the maximum payment total is reached.
Document type
AgendaPacket
Source document
Clear Lake City Council Agenda Packet 2026-07-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Clear Lake?

Ryco Customs Inc was awarded this financial services contract by City of Clear Lake, as recorded on July 6, 2026. The contract value is Not to exceed $150,000 (incremental property tax payments).

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 Not to exceed $150,000 (incremental property tax payments), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Clear Lake City Council Agenda Packet 2026-07-06 (AgendaPacket), dated July 6, 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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