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Council sets March 25 public hearing for Hobo Renewable Diesel development agreement after presentation of site, jobs and infrastructure commitments
Summary
The Council set a public hearing to consider a purchase, sale and development agreement with Hobo Renewable Diesel LLC; staff described acreage, rail and sewer upgrades, an initial job target and conditions tied to Iowa Economic Development Authority approval.
The Clinton City Council on March 11 voted to set a public hearing for March 25 on a proposed purchase, sale and development agreement with Hobo Renewable Diesel LLC ("HOBO"). The resolution fixing the hearing date was moved by Council member Sealy and adopted by roll call.
City staff summarized the proposed project and the development agreement during the meeting. Key points presented to the council:
- Parcel and site: HOBO's primary parcel was described in the presentation as roughly 21.14 acres within a larger development area that the presenters said totals 121.14 acres. The purchase price cited in the presentation was about $32,900 per acre for the parcel(s) discussed. Option payments paid to…
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