City of Clinton Council Meeting Minutes April 2026
City Approves Development Agreement with HOBO Renewable Diesel
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Description
The Council approved a Purchase, Sale, and Development Agreement with HOBO Renewable Diesel, LLC for property in the Lincolnway Industrial Rail and Air Park, revising tax abatement terms while keeping public infrastructure commitments intact. The agreement allows HOBO to purchase the site by December 31, 2026 and proceed with its renewable diesel project.
Contract Details
Vendor
HOBO RENEWABLE DIESEL LLC
Agency
City of Clinton, IA
Contract Type
OTHER
Document Date
April 28, 2026
Contract Term
Option to purchase property by December 31, 2026; development agreement term otherwise unspecified
Renewal Date
2026-12-31
Renewal Info
Agreement maintains an option for HOBO Renewable Diesel, LLC to purchase the property by December 31, 2026; tax abatement terms were modified to function with or without State incentives.
More from HOBO RENEWABLE DIESEL LLC
Related Contracts
City of Clinton Regular City Council Meeting Minutes March 2026
PENDINGclinton_regular_city_council_minutes_november_10_2.pdf
AMENDEDcity_council_agenda_november_10_2025.pdf
AMENDEDMore from City of Clinton
City of Clinton Special City Council Meeting Agenda May 2026
City of Clinton Council Meeting Minutes April 2026
City of Clinton Council Meeting Minutes April 2026
City of Clinton Council Meeting Minutes April 2026
City of Clinton Council Meeting Minutes April 2026
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