City of Clear Lake AgendaPacket City Council Meeting 2026-06-01
City Approves Real Estate Swap for Hotel Project
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Description
Clear Lake approved an agreement to exchange subdivided properties with The Oaks Hotel in Clear Lake, LLC, enabling hotel development and city acquisition of Lot 3 and street.
Contract Details
Contract Amount
Equal fair market value (exchange)
Vendor
THE OAKS HOTEL IN CLEAR LAKE LLC
Agency
City of Clear Lake, IA
Contract Type
OTHER
Document Date
June 1, 2026
Renewal Info
No renewal terms; one-time property exchange per development agreement.
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