FINANCIAL_SERVICESPENDING

City Plans Tax Rebate Deal With CLSC Properties

The City of Clear Lake plans to enter into a development agreement with CLSC Properties, LLC for a new surgical center, providing a property tax rebate equal to 90% of new taxes for up to five years or $350,000. The $10 million project is expected to create 20–25 jobs and is supported by urban renewal tax increment revenues.

Status
PENDING
Document date
July 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Clsc Properties Llc
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 90% of newly generated property taxes for five years or $350,000, whichever comes first
Contract type
FINANCIAL_SERVICES
Contract term
Five years or until cumulative rebate reaches $350,000, whichever comes first; construction planned to start summer 2026 and complete by 2027
Renewal
Agreement includes an annual appropriation of tax increment payments for up to five years, capped at $350,000 total; no automatic renewal beyond the stated term is indicated.
Document type
AgendaPacket
Source document
City of Clear Lake Agenda Packet 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?

Clsc Properties Llc 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 90% of newly generated property taxes for five years or $350,000, whichever comes first.

How much is the Clsc Properties Llc contract with City of Clear Lake worth?

The Clsc Properties Llc contract with City of Clear Lake is valued at Property tax rebate of 90% of newly generated property taxes for five years or $350,000, whichever comes first, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Clear Lake Agenda Packet 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 Clsc Properties Llc hold?

Clsc Properties Llc 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 Clsc Properties Llc'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.

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