FINANCIAL_SERVICESAPPROVED

City of Clear Lake Awards Financial Services Contract to Ryco Customs Inc (July 2026)

Clear Lake City Council approved a development agreement with RYCO Customs, Inc. providing a 75% rebate of newly generated property taxes for up to seven years or $150,000 to support the company’s latest expansion. The resolution authorizes annual appropriation of tax increment revenues pledged to the agreement.

Status
APPROVED
Document date
July 20, 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
Property tax rebate of 75% of newly generated property taxes for seven years or $150,000
Contract type
FINANCIAL_SERVICES
Contract term
Seven years or until $150,000 cap is reached
Renewal
Tax increment rebate is limited to seven years or until the $150,000 maximum benefit is reached; subject to annual appropriation by the City.
Document type
Minutes
Source document
Clear Lake City Council Minutes 2026-07-20

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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 20, 2026. The contract value is Property tax rebate of 75% of newly generated property taxes for seven years or $150,000.

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 of 75% of newly generated property taxes for seven years or $150,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Clear Lake City Council Minutes 2026-07-20 (Minutes), 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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